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Schedule Of Consolidated Debt (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt
|  |  |  |  | As of December 31, |
|  |  | Maturity |  | 2017 |  | 2016 |
|  |  |  |  | Millions |
| PSEG |  |  |  |  |  |  |
| Term Loan: |  |  |  |  |  |  |
| Variable |  | 2017 |  | $ | — |  |  | $ | 500 |  |
| Variable |  | 2019 |  | 700 |  |  | — |  |
| Total Term Loan |  |  |  | 700 |  |  | 500 |  |
| Senior Notes: |  |  |  |  |  |  |
| 1.60% |  | 2019 |  | 400 |  |  | 400 |  |
| 2.00% |  | 2021 |  | 300 |  |  | 300 |  |
| 2.65% |  | 2022 |  | 700 |  |  | — |  |
| Total Senior Notes |  |  |  | 1,400 |  |  | 700 |  |
| Principal Amount Outstanding |  |  |  | 2,100 |  |  | 1,200 |  |
| Amounts Due Within One Year |  |  |  | — |  |  | (500 | ) |
| Net Unamortized Discount and Debt Issuance Costs |  |  |  | (9 | ) |  | (5 | ) |
| Total Long-Term Debt of PSEG |  |  |  | $ | 2,091 |  |  | $ | 695 |  |
`
|  |  |  |  | As of December 31, |
|  |  | Maturity |  | 2017 |  | 2016 |
|  |  |  |  | Millions |
| PSE&G |  |  |  |  |  |  |
| First and Refunding Mortgage Bonds (A): |  |  |  |  |  |  |
| 9.25% |  | 2021 |  | $ | 134 |  |  | $ | 134 |  |
| 8.00% |  | 2037 |  | 7 |  |  | 7 |  |
| 5.00% |  | 2037 |  | 8 |  |  | 8 |  |
| Total First and Refunding Mortgage Bonds |  |  |  | 149 |  |  | 149 |  |
| Medium-Term Notes (MTNs) (A): |  |  |  |  |  |  |
| 5.30% |  | 2018 |  | 400 |  |  | 400 |  |
| 2.30% |  | 2018 |  | 350 |  |  | 350 |  |
| 1.80% |  | 2019 |  | 250 |  |  | 250 |  |
| 2.00% |  | 2019 |  | 250 |  |  | 250 |  |
| 7.04% |  | 2020 |  | 9 |  |  | 9 |  |
| 3.50% |  | 2020 |  | 250 |  |  | 250 |  |
| 1.90% |  | 2021 |  | 300 |  |  | 300 |  |
| 2.38% |  | 2023 |  | 500 |  |  | 500 |  |
| 3.75% |  | 2024 |  | 250 |  |  | 250 |  |
| 3.15% |  | 2024 |  | 250 |  |  | 250 |  |
| 3.05% |  | 2024 |  | 250 |  |  | 250 |  |
| 3.00% |  | 2025 |  | 350 |  |  | 350 |  |
| 2.25% |  | 2026 |  | 425 |  |  | 425 |  |
| 3.00% |  | 2027 |  | 425 |  |  | — |  |
| 5.25% |  | 2035 |  | 250 |  |  | 250 |  |
| 5.70% |  | 2036 |  | 250 |  |  | 250 |  |
| 5.80% |  | 2037 |  | 350 |  |  | 350 |  |
| 5.38% |  | 2039 |  | 250 |  |  | 250 |  |
| 5.50% |  | 2040 |  | 300 |  |  | 300 |  |
| 3.95% |  | 2042 |  | 450 |  |  | 450 |  |
| 3.65% |  | 2042 |  | 350 |  |  | 350 |  |
| 3.80% |  | 2043 |  | 400 |  |  | 400 |  |
| 4.00% |  | 2044 |  | 250 |  |  | 250 |  |
| 4.05% |  | 2045 |  | 250 |  |  | 250 |  |
| 4.15% |  | 2045 |  | 250 |  |  | 250 |  |
| 3.80% |  | 2046 |  | 550 |  |  | 550 |  |
| 3.60% |  | 2047 |  | 350 |  |  | — |  |
| Total MTNs |  |  |  | 8,509 |  |  | 7,734 |  |
| Principal Amount Outstanding |  |  |  | 8,658 |  |  | 7,883 |  |
| Amounts Due Within One Year |  |  |  | (750 | ) |  | — |  |
| Net Unamortized Discount and Debt Issuance Costs |  |  |  | (67 | ) |  | (65 | ) |
| Total Long-Term Debt of PSE&G |  |  |  | $ | 7,841 |  |  | $ | 7,818 |  |
|  |  |  |  | As of December 31, |
|  |  | Maturity |  | 2017 |  | 2016 |
|  |  |  |  | Millions |
| Power |  |  |  |  |  |  |
| Senior Notes: |  |  |  |  |  |  |
| 2.45% |  | 2018 |  | $ | 250 |  |  | $ | 250 |  |
| 5.13% |  | 2020 |  | 406 |  |  | 406 |  |
| 4.15% |  | 2021 |  | 250 |  |  | 250 |  |
| 3.00% |  | 2021 |  | 700 |  |  | 700 |  |
| 4.30% |  | 2023 |  | 250 |  |  | 250 |  |
| 8.63% |  | 2031 |  | 500 |  |  | 500 |  |
| Total Senior Notes |  |  |  | 2,356 |  |  | 2,356 |  |
| Pollution Control Notes: |  |  |  |  |  |  |
| Floating Rate (B) |  | 2019 |  | 44 |  |  | 44 |  |
| Total Pollution Control Notes |  |  |  | 44 |  |  | 44 |  |
| Principal Amount Outstanding |  |  |  | 2,400 |  |  | 2,400 |  |
| Amounts Due Within One Year |  |  |  | (250 | ) |  | — |  |
| Net Unamortized Discount and Debt Issuance Costs |  |  |  | (14 | ) |  | (18 | ) |
| Total Long-Term Debt of Power |  |  |  | $ | 2,136 |  |  | $ | 2,382 |  |
(A) | Secured by essentially all property of PSE&G pursuant to its First and Refunding Mortgage.
(B) | The Pennsylvania Economic Development Authority (PEDFA) bond that is serviced and secured by Power Pollution Control Notes, is a variable rate bond that is in weekly reset mode.
Aggregate Principal Amounts Of Maturities | The aggregate principal amounts of maturities for each of the five years following December 31, 2017 are as follows:
| Year |  | PSEG |  | PSE&G |  | Power |  | Total |
| 2018 |  | $ | — |  |  | $ | 750 |  |  | $ | 250 |  |  | $ | 1,000 |  |
| 2019 |  | 1,100 |  |  | 500 |  |  | 44 |  |  | 1,644 |  |
| 2020 |  | — |  |  | 259 |  |  | 406 |  |  | 665 |  |
| 2021 |  | 300 |  |  | 434 |  |  | 950 |  |  | 1,684 |  |
| 2022 |  | 700 |  |  | — |  |  | — |  |  | 700 |  |
| Thereafter |  | — |  |  | 6,715 |  |  | 750 |  |  | 7,465 |  |
| Total |  | $ | 2,100 |  |  | $ | 8,658 |  |  | $ | 2,400 |  |  | $ | 13,158 |  |
Short-Term Liquidity | total credit facilities and available liquidity as of December 31, 2017 were as follows:
|  |  | As of December 31, 2017 |  |  |
| Company/Facility |  | Total Facility |  | Usage |  | Available Liquidity |  | Expiration Date |  | Primary Purpose |
|  |  | Millions |  |  |  |  |
| PSEG |  |  |  |  |  |  |  |  |  |  |
| 5-year Credit Facilities (A) |  | $ | 1,500 |  |  | $ | 556 |  |  | $ | 944 |  |  | Mar 2022 |  | Commercial Paper Support/Funding/Letters of Credit (LC) |
| Total PSEG |  | $ | 1,500 |  |  | $ | 556 |  |  | $ | 944 |  |  |  |  |  |
| PSE&G |  |  |  |  |  |  |  |  |  |  |
| 5-year Credit Facility (A) |  | $ | 600 |  |  | $ | 15 |  |  | $ | 585 |  |  | Mar 2022 |  | Commercial Paper Support/Funding/Letters of Credit |
| Total PSE&G |  | $ | 600 |  |  | $ | 15 |  |  | $ | 585 |  |  |  |  |  |
| Power |  |  |  |  |  |  |  |  |  |  |
| 3-year LC Facilities |  | $ | 200 |  |  | $ | 112 |  |  | $ | 88 |  |  | Mar 2020 |  | Letters of Credit |
| 5-year Credit Facilities |  | 1,900 |  |  | 39 |  |  | 1,861 |  |  | Mar 2022 |  | Funding/Letters of Credit |
| Total Power |  | $ | 2,100 |  |  | $ | 151 |  |  | $ | 1,949 |  |  |  |  |  |
| Total |  | $ | 4,200 |  |  | $ | 722 |  |  | $ | 3,478 |  |  |  |  |  |
(A) | The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs under which as of December 31, 2017, PSEG had $542 million outstanding at a weighted average interest rate of 1.89%. PSE&G had no amounts outstanding under its Commercial Paper Program as of December 31, 2017.
Estimated Fair Values |
|  |  | December 31, 2017 |  | December 31, 2016 |
|  |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value |
|  |  | Millions |
| Long-Term Debt: |  |  |  |  |  |  |  |  |
| PSEG (A) (B) |  | $ | 2,091 |  |  | $ | 2,081 |  |  | $ | 1,195 |  |  | $ | 1,185 |  |
| PSE&G (B) |  | 8,591 |  |  | 9,322 |  |  | 7,818 |  |  | 8,240 |  |
| Power (B) |  | 2,386 |  |  | 2,659 |  |  | 2,382 |  |  | 2,578 |  |
|  |  | $ | 13,068 |  |  | $ | 14,062 |  |  | $ | 11,395 |  |  | $ | 12,003 |  |
(A) | As of December 31, 2017 and 2016, fair value includes floating rate term loans of $700 million and $500 million, respectively. The fair values of the term loan debt (Level 2 measurement) approximate the carrying values because the interest payments are based on LIBOR rates that are reset monthly and the debt is redeemable at face value by PSEG at any time.
(B) | Given that these bonds do not trade actively, the fair value amounts of taxable debt securities (primarily Level 2 measurements) are generally determined by a valuation model that is based on a conventional discounted cash flow methodology and utilizes assumptions of current market pricing curves. In order to incorporate the credit risk into the discount rates, pricing is obtained (i.e. U.S. Treasury rate plus credit spread) based on expected new issue pricing across each of the companies’ respective debt maturity spectrum. The credit spreads of various tenors obtained from this information are added to the appropriate benchmark U.S. Treasury rates in order to determine the current market yields for the various tenors. The yields are then converted into discount rates of various tenors that are used for discounting the respective cash flows of the same tenor for each bond or note.

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