XML 38 R16.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Pension and OPEB | 9 Months Ended
--- | ---
Sep. 30, 2018
Defined Benefit Plan Disclosure [Line Items] |
Pension and Other Postretirement Benefits (OPEB) | Pension and Other Postretirement Benefits (OPEB) PSEG sponsors qualified and nonqualified pension plans and OPEB plans covering PSEG’s and its participating affiliates’ current and former employees who meet certain eligibility criteria. The following table provides the components of net periodic benefit costs relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization and co-owner allocations. Effective with the adoption of ASU 2017-07 on January 1, 2018, only the service cost component is eligible for capitalization, when applicable. For additional information, see Note 2. Recent Accounting Standards.
|  | Pension Benefits |  | OPEB |  | Pension Benefits |  | OPEB |
|  | Three Months Ended |  | Three Months Ended |  | Nine Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |  | September 30, |  | September 30, |
|  | 2018 |  |  | 2017 |  | 2018 |  |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
|  | Millions |
| Components of Net Periodic Benefit (Credits) Costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Service Cost (included in O&M Expense) | $ | 32 |  |  | $ | 29 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 97 |  |  | $ | 86 |  |  | $ | 13 |  |  | $ | 12 |  |
| Non-Service Components of Pension and OPEB (Credits) Costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Cost | 52 |  |  | 51 |  |  | 16 |  |  | 15 |  |  | 156 |  |  | 153 |  |  | 49 |  |  | 47 |  |
| Expected Return on Plan Assets | (111 | ) |  | (98 | ) |  | (9 | ) |  | (8 | ) |  | (331 | ) |  | (295 | ) |  | (30 | ) |  | (25 | ) |
| Amortization of Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Prior Service Cost | (4 | ) |  | (5 | ) |  | (1 | ) |  | (3 | ) |  | (13 | ) |  | (14 | ) |  | (1 | ) |  | (8 | ) |
| Actuarial Loss | 22 |  |  | 24 |  |  | 16 |  |  | 13 |  |  | 64 |  |  | 73 |  |  | 48 |  |  | 38 |  |
| Non-Service Components of Pension and OPEB (Credits) Costs | (41 | ) |  | (28 | ) |  | 22 |  |  | 17 |  |  | (124 | ) |  | (83 | ) |  | 66 |  |  | 52 |  |
| Total Benefit (Credits) Costs | $ | (9 | ) |  | $ | 1 |  |  | $ | 26 |  |  | $ | 21 |  |  | $ | (27 | ) |  | $ | 3 |  |  | $ | 79 |  |  | $ | 64 |  |
Pension and OPEB costs for PSE&G, Power and PSEG’s other subsidiaries, excluding Servco, are detailed as follows:
|  | Pension Benefits |  | OPEB |  | Pension Benefits |  | OPEB |
|  | Three Months Ended |  | Three Months Ended |  | Nine Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |  | September 30, |  | September 30, |
|  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
|  | Millions |
| PSE&G | $ | (8 | ) |  | $ | (1 | ) |  | $ | 17 |  |  | $ | 13 |  |  | $ | (23 | ) |  | $ | (3 | ) |  | $ | 51 |  |  | $ | 40 |  |
| Power | (2 | ) |  | — |  |  | 8 |  |  | 7 |  |  | (7 | ) |  | 1 |  |  | 24 |  |  | 20 |  |
| Other | 1 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | 3 |  |  | 5 |  |  | 4 |  |  | 4 |  |
| Total Benefit (Credits) Costs | $ | (9 | ) |  | $ | 1 |  |  | $ | 26 |  |  | $ | 21 |  |  | $ | (27 | ) |  | $ | 3 |  |  | $ | 79 |  |  | $ | 64 |  |
During the three months ended March 31, 2018, PSEG contributed its entire planned contribution for the year 2018 of $14 million into its OPEB plan. Servco Pension and OPEB At the direction of LIPA, Servco sponsors benefit plans that cover its current and former employees who meet certain eligibility criteria. Under the OSA, all of these and any future employee benefit costs are to be funded by LIPA. See Note 5. Variable Interest Entity. These obligations, as well as the offsetting long-term receivable, are separately presented on the Condensed Consolidated Balance Sheet of PSEG. Servco amounts are not included in any of the preceding pension and OPEB cost disclosures. Pension and OPEB costs of Servco are accounted for according to the OSA. Servco recognizes expenses for contributions to its pension plan trusts and for OPEB payments made to retirees. Operating Revenues are recognized for the reimbursement of these costs. Servco has contributed its entire planned contribution amount of $40 million into its pension plan trusts during 2018. Servco’s pension-related revenues and costs were $20 million and $18 million for three months ended September 30, 2018 and 2017, respectively, and $40 million and $35 million for the nine months ended September 30, 2018 and 2017, respectively. The OPEB-related revenues earned and costs incurred were $1 million for each of the three months ended September 30, 2018 and 2017, and $4 million and $3 million for the nine months ended September 30, 2018 and 2017, respectively.
PSE And G [Member] |
Defined Benefit Plan Disclosure [Line Items] |
Pension and Other Postretirement Benefits (OPEB) | Pension and Other Postretirement Benefits (OPEB) PSEG sponsors qualified and nonqualified pension plans and OPEB plans covering PSEG’s and its participating affiliates’ current and former employees who meet certain eligibility criteria. The following table provides the components of net periodic benefit costs relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization and co-owner allocations. Effective with the adoption of ASU 2017-07 on January 1, 2018, only the service cost component is eligible for capitalization, when applicable. For additional information, see Note 2. Recent Accounting Standards.
|  | Pension Benefits |  | OPEB |  | Pension Benefits |  | OPEB |
|  | Three Months Ended |  | Three Months Ended |  | Nine Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |  | September 30, |  | September 30, |
|  | 2018 |  |  | 2017 |  | 2018 |  |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
|  | Millions |
| Components of Net Periodic Benefit (Credits) Costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Service Cost (included in O&M Expense) | $ | 32 |  |  | $ | 29 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 97 |  |  | $ | 86 |  |  | $ | 13 |  |  | $ | 12 |  |
| Non-Service Components of Pension and OPEB (Credits) Costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Cost | 52 |  |  | 51 |  |  | 16 |  |  | 15 |  |  | 156 |  |  | 153 |  |  | 49 |  |  | 47 |  |
| Expected Return on Plan Assets | (111 | ) |  | (98 | ) |  | (9 | ) |  | (8 | ) |  | (331 | ) |  | (295 | ) |  | (30 | ) |  | (25 | ) |
| Amortization of Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Prior Service Cost | (4 | ) |  | (5 | ) |  | (1 | ) |  | (3 | ) |  | (13 | ) |  | (14 | ) |  | (1 | ) |  | (8 | ) |
| Actuarial Loss | 22 |  |  | 24 |  |  | 16 |  |  | 13 |  |  | 64 |  |  | 73 |  |  | 48 |  |  | 38 |  |
| Non-Service Components of Pension and OPEB (Credits) Costs | (41 | ) |  | (28 | ) |  | 22 |  |  | 17 |  |  | (124 | ) |  | (83 | ) |  | 66 |  |  | 52 |  |
| Total Benefit (Credits) Costs | $ | (9 | ) |  | $ | 1 |  |  | $ | 26 |  |  | $ | 21 |  |  | $ | (27 | ) |  | $ | 3 |  |  | $ | 79 |  |  | $ | 64 |  |
Pension and OPEB costs for PSE&G, Power and PSEG’s other subsidiaries, excluding Servco, are detailed as follows:
|  | Pension Benefits |  | OPEB |  | Pension Benefits |  | OPEB |
|  | Three Months Ended |  | Three Months Ended |  | Nine Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |  | September 30, |  | September 30, |
|  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
|  | Millions |
| PSE&G | $ | (8 | ) |  | $ | (1 | ) |  | $ | 17 |  |  | $ | 13 |  |  | $ | (23 | ) |  | $ | (3 | ) |  | $ | 51 |  |  | $ | 40 |  |
| Power | (2 | ) |  | — |  |  | 8 |  |  | 7 |  |  | (7 | ) |  | 1 |  |  | 24 |  |  | 20 |  |
| Other | 1 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | 3 |  |  | 5 |  |  | 4 |  |  | 4 |  |
| Total Benefit (Credits) Costs | $ | (9 | ) |  | $ | 1 |  |  | $ | 26 |  |  | $ | 21 |  |  | $ | (27 | ) |  | $ | 3 |  |  | $ | 79 |  |  | $ | 64 |  |
During the three months ended March 31, 2018, PSEG contributed its entire planned contribution for the year 2018 of $14 million into its OPEB plan. Servco Pension and OPEB At the direction of LIPA, Servco sponsors benefit plans that cover its current and former employees who meet certain eligibility criteria. Under the OSA, all of these and any future employee benefit costs are to be funded by LIPA. See Note 5. Variable Interest Entity. These obligations, as well as the offsetting long-term receivable, are separately presented on the Condensed Consolidated Balance Sheet of PSEG. Servco amounts are not included in any of the preceding pension and OPEB cost disclosures. Pension and OPEB costs of Servco are accounted for according to the OSA. Servco recognizes expenses for contributions to its pension plan trusts and for OPEB payments made to retirees. Operating Revenues are recognized for the reimbursement of these costs. Servco has contributed its entire planned contribution amount of $40 million into its pension plan trusts during 2018. Servco’s pension-related revenues and costs were $20 million and $18 million for three months ended September 30, 2018 and 2017, respectively, and $40 million and $35 million for the nine months ended September 30, 2018 and 2017, respectively. The OPEB-related revenues earned and costs incurred were $1 million for each of the three months ended September 30, 2018 and 2017, and $4 million and $3 million for the nine months ended September 30, 2018 and 2017, respectively.
Power [Member] |
Defined Benefit Plan Disclosure [Line Items] |
Pension and Other Postretirement Benefits (OPEB) | Pension and Other Postretirement Benefits (OPEB) PSEG sponsors qualified and nonqualified pension plans and OPEB plans covering PSEG’s and its participating affiliates’ current and former employees who meet certain eligibility criteria. The following table provides the components of net periodic benefit costs relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization and co-owner allocations. Effective with the adoption of ASU 2017-07 on January 1, 2018, only the service cost component is eligible for capitalization, when applicable. For additional information, see Note 2. Recent Accounting Standards.
|  | Pension Benefits |  | OPEB |  | Pension Benefits |  | OPEB |
|  | Three Months Ended |  | Three Months Ended |  | Nine Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |  | September 30, |  | September 30, |
|  | 2018 |  |  | 2017 |  | 2018 |  |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
|  | Millions |
| Components of Net Periodic Benefit (Credits) Costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Service Cost (included in O&M Expense) | $ | 32 |  |  | $ | 29 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 97 |  |  | $ | 86 |  |  | $ | 13 |  |  | $ | 12 |  |
| Non-Service Components of Pension and OPEB (Credits) Costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Cost | 52 |  |  | 51 |  |  | 16 |  |  | 15 |  |  | 156 |  |  | 153 |  |  | 49 |  |  | 47 |  |
| Expected Return on Plan Assets | (111 | ) |  | (98 | ) |  | (9 | ) |  | (8 | ) |  | (331 | ) |  | (295 | ) |  | (30 | ) |  | (25 | ) |
| Amortization of Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Prior Service Cost | (4 | ) |  | (5 | ) |  | (1 | ) |  | (3 | ) |  | (13 | ) |  | (14 | ) |  | (1 | ) |  | (8 | ) |
| Actuarial Loss | 22 |  |  | 24 |  |  | 16 |  |  | 13 |  |  | 64 |  |  | 73 |  |  | 48 |  |  | 38 |  |
| Non-Service Components of Pension and OPEB (Credits) Costs | (41 | ) |  | (28 | ) |  | 22 |  |  | 17 |  |  | (124 | ) |  | (83 | ) |  | 66 |  |  | 52 |  |
| Total Benefit (Credits) Costs | $ | (9 | ) |  | $ | 1 |  |  | $ | 26 |  |  | $ | 21 |  |  | $ | (27 | ) |  | $ | 3 |  |  | $ | 79 |  |  | $ | 64 |  |
Pension and OPEB costs for PSE&G, Power and PSEG’s other subsidiaries, excluding Servco, are detailed as follows:
|  | Pension Benefits |  | OPEB |  | Pension Benefits |  | OPEB |
|  | Three Months Ended |  | Three Months Ended |  | Nine Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |  | September 30, |  | September 30, |
|  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
|  | Millions |
| PSE&G | $ | (8 | ) |  | $ | (1 | ) |  | $ | 17 |  |  | $ | 13 |  |  | $ | (23 | ) |  | $ | (3 | ) |  | $ | 51 |  |  | $ | 40 |  |
| Power | (2 | ) |  | — |  |  | 8 |  |  | 7 |  |  | (7 | ) |  | 1 |  |  | 24 |  |  | 20 |  |
| Other | 1 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | 3 |  |  | 5 |  |  | 4 |  |  | 4 |  |
| Total Benefit (Credits) Costs | $ | (9 | ) |  | $ | 1 |  |  | $ | 26 |  |  | $ | 21 |  |  | $ | (27 | ) |  | $ | 3 |  |  | $ | 79 |  |  | $ | 64 |  |
During the three months ended March 31, 2018, PSEG contributed its entire planned contribution for the year 2018 of $14 million into its OPEB plan. Servco Pension and OPEB At the direction of LIPA, Servco sponsors benefit plans that cover its current and former employees who meet certain eligibility criteria. Under the OSA, all of these and any future employee benefit costs are to be funded by LIPA. See Note 5. Variable Interest Entity. These obligations, as well as the offsetting long-term receivable, are separately presented on the Condensed Consolidated Balance Sheet of PSEG. Servco amounts are not included in any of the preceding pension and OPEB cost disclosures. Pension and OPEB costs of Servco are accounted for according to the OSA. Servco recognizes expenses for contributions to its pension plan trusts and for OPEB payments made to retirees. Operating Revenues are recognized for the reimbursement of these costs. Servco has contributed its entire planned contribution amount of $40 million into its pension plan trusts during 2018. Servco’s pension-related revenues and costs were $20 million and $18 million for three months ended September 30, 2018 and 2017, respectively, and $40 million and $35 million for the nine months ended September 30, 2018 and 2017, respectively. The OPEB-related revenues earned and costs incurred were $1 million for each of the three months ended September 30, 2018 and 2017, and $4 million and $3 million for the nine months ended September 30, 2018 and 2017, respectively.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlanDisclosureLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=pseg_PseAndGMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=pseg_PowerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |