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Earnings Per Share (EPS) and Dividends | 3 Months Ended
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Mar. 31, 2016
Earnings Per Share [Abstract] |
Earnings Per Share (EPS) and Dividends | Earnings Per Share (EPS) and Dividends Diluted EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding, including shares issuable upon exercise of stock options outstanding or vesting of restricted stock awards granted under PSEG's stock compensation plans and upon payment of performance units or restricted stock units. The following table shows the effect of these stock options, performance units and restricted stock units on the weighted average number of shares outstanding used in calculating diluted EPS:
|  |  | Three Months Ended March 31, |
|  |  | 2016 |  | 2015 |
|  |  | Basic |  | Diluted |  | Basic |  | Diluted |
| EPS Numerator (Millions): |  |  |  |  |  |  |  |  |
| Net Income |  | $ | 471 |  |  | $ | 471 |  |  | $ | 586 |  |  | $ | 586 |  |
| EPS Denominator (Millions): |  |  |  |  |  |  |  |  |
| Weighted Average Common Shares Outstanding |  | 505 |  |  | 505 |  |  | 506 |  |  | 506 |  |
| Effect of Stock Based Compensation Awards |  | — |  |  | 3 |  |  | — |  |  | 2 |  |
| Total Shares |  | 505 |  |  | 508 |  |  | 506 |  |  | 508 |  |
| EPS |  |  |  |  |  |  |  |  |
| Net Income |  | $ | 0.93 |  |  | $ | 0.93 |  |  | $ | 1.16 |  |  | $ | 1.15 |  |
There were approximately 0.3 million and 0.4 million stock options excluded from the weighted average common shares used for diluted EPS due to their antidilutive effect for the three months ended March 31, 2016 and 2015, respectively.
|  |  | Three Months Ended |
|  |  | March 31, |
| Dividend Payments on Common Stock |  | 2016 |  | 2015 |
| Per Share |  | $ | 0.41 |  |  | $ | 0.39 |  |
| In Millions |  | $ | 207 |  |  | $ | 197 |  |
On April 19, 2016, PSEG's Board of Directors approved a $0.41 per share common stock dividend for the second quarter of 2016.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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