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Earnings Per Share (EPS) and Dividends | 9 Months Ended
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Sep. 30, 2018
Earnings Per Share [Abstract] |
Earnings Per Share (EPS) and Dividends | Earnings Per Share (EPS) and Dividends EPS 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 September 30, |  | Nine Months Ended September 30, |
|  | 2018 |  | 2017 |  | 2018 |  | 2017 |
|  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted |
| EPS Numerator (Millions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income | $ | 412 |  |  | $ | 412 |  |  | $ | 395 |  |  | $ | 395 |  |  | $ | 1,239 |  |  | $ | 1,239 |  |  | $ | 618 |  |  | $ | 618 |  |
| EPS Denominator (Millions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Weighted Average Common Shares Outstanding | 504 |  |  | 504 |  |  | 505 |  |  | 505 |  |  | 504 |  |  | 504 |  |  | 505 |  |  | 505 |  |
| Effect of Stock Based Compensation Awards | — |  |  | 3 |  |  | — |  |  | 2 |  |  | — |  |  | 3 |  |  | — |  |  | 2 |  |
| Total Shares | 504 |  |  | 507 |  |  | 505 |  |  | 507 |  |  | 504 |  |  | 507 |  |  | 505 |  |  | 507 |  |
| EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income | $ | 0.82 |  |  | $ | 0.81 |  |  | $ | 0.78 |  |  | $ | 0.78 |  |  | $ | 2.46 |  |  | $ | 2.44 |  |  | $ | 1.22 |  |  | $ | 1.22 |  |
For the three months and nine months ended September 30, 2017, there were approximately 0.3 million stock options excluded from the weighted average common shares used for diluted EPS due to their antidilutive effect. Dividends
|  | Three Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |
| Dividend Payments on Common Stock | 2018 |  | 2017 |  | 2018 |  | 2017 |
| Per Share | $ | 0.45 |  |  | $ | 0.43 |  |  | $ | 1.35 |  |  | $ | 1.29 |  |
| In Millions | $ | 227 |  |  | $ | 217 |  |  | $ | 682 |  |  | $ | 652 |  |

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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 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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