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Selected Quarterly Data | 12 Months Ended
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Dec. 31, 2019
Schedule of Quarterly Data [Line Items] |
Selected Quarterly Data | Selected Quarterly Data (Unaudited) The information shown in the following tables, in the opinion of PSEG, PSE&G and PSEG Power includes all adjustments, consisting only of normal recurring accruals, necessary to fairly present such amounts.
|  |  | Quarter Ended |
|  |  | March 31, |  | June 30, (A) |  | September 30, |  | December 31, (B) |
|  |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
| PSEG Consolidated: |  | Millions, except per share data |
| Operating Revenues |  | $ | 2,980 |  |  | $ | 2,818 |  |  | $ | 2,316 |  |  | $ | 2,016 |  |  | $ | 2,302 |  |  | $ | 2,394 |  |  | $ | 2,478 |  |  | $ | 2,468 |  |
| Operating Income |  | $ | 786 |  |  | $ | 832 |  |  | $ | 160 |  |  | $ | 411 |  |  | $ | 490 |  |  | $ | 554 |  |  | $ | 507 |  |  | $ | 501 |  |
| Net Income |  | $ | 700 |  |  | $ | 558 |  |  | $ | 153 |  |  | $ | 269 |  |  | $ | 403 |  |  | $ | 412 |  |  | $ | 437 |  |  | $ | 199 |  |
| Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income |  | $ | 1.39 |  |  | $ | 1.11 |  |  | $ | 0.30 |  |  | $ | 0.53 |  |  | $ | 0.80 |  |  | $ | 0.82 |  |  | $ | 0.86 |  |  | $ | 0.39 |  |
| Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income |  | $ | 1.38 |  |  | $ | 1.10 |  |  | $ | 0.30 |  |  | $ | 0.53 |  |  | $ | 0.79 |  |  | $ | 0.81 |  |  | $ | 0.86 |  |  | $ | 0.39 |  |
| Weighted Average Common Shares Outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Basic |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |
| Diluted |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 508 |  |
|  |  | Quarter Ended |
|  |  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
| PSE&G: |  | Millions |
| Operating Revenues |  | $ | 2,032 |  |  | $ | 1,845 |  |  | $ | 1,382 |  |  | $ | 1,386 |  |  | $ | 1,604 |  |  | $ | 1,595 |  |  | $ | 1,607 |  |  | $ | 1,645 |  |
| Operating Income |  | $ | 465 |  |  | $ | 482 |  |  | $ | 282 |  |  | $ | 358 |  |  | $ | 392 |  |  | $ | 421 |  |  | $ | 330 |  |  | $ | 345 |  |
| Net Income |  | $ | 403 |  |  | $ | 319 |  |  | $ | 227 |  |  | $ | 231 |  |  | $ | 344 |  |  | $ | 278 |  |  | $ | 276 |  |  | $ | 239 |  |
|  |  | Quarter Ended |
|  |  | March 31, |  | June 30, (A) |  | September 30, |  | December 31, (B) |
|  |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
| PSEG Power: |  | Millions |
| Operating Revenues |  | $ | 1,416 |  |  | $ | 1,403 |  |  | $ | 1,083 |  |  | $ | 767 |  |  | $ | 771 |  |  | $ | 868 |  |  | $ | 1,115 |  |  | $ | 1,108 |  |
| Operating Income (Loss) |  | $ | 301 |  |  | $ | 329 |  |  | $ | (86 | ) |  | $ | 42 |  |  | $ | 79 |  |  | $ | 112 |  |  | $ | 154 |  |  | $ | 113 |  |
| Net Income (Loss) |  | $ | 296 |  |  | $ | 234 |  |  | $ | (40 | ) |  | $ | 41 |  |  | $ | 53 |  |  | $ | 125 |  |  | $ | 159 |  |  | $ | (35 | ) |
(A) | The decrease in Operating Income and Net Income at PSEG consolidated and PSEG Power in the second quarter of 2019 as compared to the same quarter in 2018 was primarily due to the loss in 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants, offsetting MTM net gains in 2019 as compared to net losses in 2018.
(B) The increase in Net Income at PSEG consolidated and PSEG Power in the fourth quarter of 2019 as compared to the same quarter in 2018 was primarily due to net gains in 2019 as compared to net losses in 2018 on equity securities in PSEG Power’s NDT Fund.
Public Service Electric and Gas Company |
Schedule of Quarterly Data [Line Items] |
Selected Quarterly Data | Selected Quarterly Data (Unaudited) The information shown in the following tables, in the opinion of PSEG, PSE&G and PSEG Power includes all adjustments, consisting only of normal recurring accruals, necessary to fairly present such amounts.
|  |  | Quarter Ended |
|  |  | March 31, |  | June 30, (A) |  | September 30, |  | December 31, (B) |
|  |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
| PSEG Consolidated: |  | Millions, except per share data |
| Operating Revenues |  | $ | 2,980 |  |  | $ | 2,818 |  |  | $ | 2,316 |  |  | $ | 2,016 |  |  | $ | 2,302 |  |  | $ | 2,394 |  |  | $ | 2,478 |  |  | $ | 2,468 |  |
| Operating Income |  | $ | 786 |  |  | $ | 832 |  |  | $ | 160 |  |  | $ | 411 |  |  | $ | 490 |  |  | $ | 554 |  |  | $ | 507 |  |  | $ | 501 |  |
| Net Income |  | $ | 700 |  |  | $ | 558 |  |  | $ | 153 |  |  | $ | 269 |  |  | $ | 403 |  |  | $ | 412 |  |  | $ | 437 |  |  | $ | 199 |  |
| Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income |  | $ | 1.39 |  |  | $ | 1.11 |  |  | $ | 0.30 |  |  | $ | 0.53 |  |  | $ | 0.80 |  |  | $ | 0.82 |  |  | $ | 0.86 |  |  | $ | 0.39 |  |
| Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income |  | $ | 1.38 |  |  | $ | 1.10 |  |  | $ | 0.30 |  |  | $ | 0.53 |  |  | $ | 0.79 |  |  | $ | 0.81 |  |  | $ | 0.86 |  |  | $ | 0.39 |  |
| Weighted Average Common Shares Outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Basic |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |
| Diluted |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 508 |  |
|  |  | Quarter Ended |
|  |  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
| PSE&G: |  | Millions |
| Operating Revenues |  | $ | 2,032 |  |  | $ | 1,845 |  |  | $ | 1,382 |  |  | $ | 1,386 |  |  | $ | 1,604 |  |  | $ | 1,595 |  |  | $ | 1,607 |  |  | $ | 1,645 |  |
| Operating Income |  | $ | 465 |  |  | $ | 482 |  |  | $ | 282 |  |  | $ | 358 |  |  | $ | 392 |  |  | $ | 421 |  |  | $ | 330 |  |  | $ | 345 |  |
| Net Income |  | $ | 403 |  |  | $ | 319 |  |  | $ | 227 |  |  | $ | 231 |  |  | $ | 344 |  |  | $ | 278 |  |  | $ | 276 |  |  | $ | 239 |  |
|  |  | Quarter Ended |
|  |  | March 31, |  | June 30, (A) |  | September 30, |  | December 31, (B) |
|  |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
| PSEG Power: |  | Millions |
| Operating Revenues |  | $ | 1,416 |  |  | $ | 1,403 |  |  | $ | 1,083 |  |  | $ | 767 |  |  | $ | 771 |  |  | $ | 868 |  |  | $ | 1,115 |  |  | $ | 1,108 |  |
| Operating Income (Loss) |  | $ | 301 |  |  | $ | 329 |  |  | $ | (86 | ) |  | $ | 42 |  |  | $ | 79 |  |  | $ | 112 |  |  | $ | 154 |  |  | $ | 113 |  |
| Net Income (Loss) |  | $ | 296 |  |  | $ | 234 |  |  | $ | (40 | ) |  | $ | 41 |  |  | $ | 53 |  |  | $ | 125 |  |  | $ | 159 |  |  | $ | (35 | ) |
(A) | The decrease in Operating Income and Net Income at PSEG consolidated and PSEG Power in the second quarter of 2019 as compared to the same quarter in 2018 was primarily due to the loss in 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants, offsetting MTM net gains in 2019 as compared to net losses in 2018.
(B) The increase in Net Income at PSEG consolidated and PSEG Power in the fourth quarter of 2019 as compared to the same quarter in 2018 was primarily due to net gains in 2019 as compared to net losses in 2018 on equity securities in PSEG Power’s NDT Fund.
PSEG Power LLC |
Schedule of Quarterly Data [Line Items] |
Selected Quarterly Data | Selected Quarterly Data (Unaudited) The information shown in the following tables, in the opinion of PSEG, PSE&G and PSEG Power includes all adjustments, consisting only of normal recurring accruals, necessary to fairly present such amounts.
|  |  | Quarter Ended |
|  |  | March 31, |  | June 30, (A) |  | September 30, |  | December 31, (B) |
|  |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
| PSEG Consolidated: |  | Millions, except per share data |
| Operating Revenues |  | $ | 2,980 |  |  | $ | 2,818 |  |  | $ | 2,316 |  |  | $ | 2,016 |  |  | $ | 2,302 |  |  | $ | 2,394 |  |  | $ | 2,478 |  |  | $ | 2,468 |  |
| Operating Income |  | $ | 786 |  |  | $ | 832 |  |  | $ | 160 |  |  | $ | 411 |  |  | $ | 490 |  |  | $ | 554 |  |  | $ | 507 |  |  | $ | 501 |  |
| Net Income |  | $ | 700 |  |  | $ | 558 |  |  | $ | 153 |  |  | $ | 269 |  |  | $ | 403 |  |  | $ | 412 |  |  | $ | 437 |  |  | $ | 199 |  |
| Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income |  | $ | 1.39 |  |  | $ | 1.11 |  |  | $ | 0.30 |  |  | $ | 0.53 |  |  | $ | 0.80 |  |  | $ | 0.82 |  |  | $ | 0.86 |  |  | $ | 0.39 |  |
| Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income |  | $ | 1.38 |  |  | $ | 1.10 |  |  | $ | 0.30 |  |  | $ | 0.53 |  |  | $ | 0.79 |  |  | $ | 0.81 |  |  | $ | 0.86 |  |  | $ | 0.39 |  |
| Weighted Average Common Shares Outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Basic |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |
| Diluted |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 507 |  |  | 508 |  |
|  |  | Quarter Ended |
|  |  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
| PSE&G: |  | Millions |
| Operating Revenues |  | $ | 2,032 |  |  | $ | 1,845 |  |  | $ | 1,382 |  |  | $ | 1,386 |  |  | $ | 1,604 |  |  | $ | 1,595 |  |  | $ | 1,607 |  |  | $ | 1,645 |  |
| Operating Income |  | $ | 465 |  |  | $ | 482 |  |  | $ | 282 |  |  | $ | 358 |  |  | $ | 392 |  |  | $ | 421 |  |  | $ | 330 |  |  | $ | 345 |  |
| Net Income |  | $ | 403 |  |  | $ | 319 |  |  | $ | 227 |  |  | $ | 231 |  |  | $ | 344 |  |  | $ | 278 |  |  | $ | 276 |  |  | $ | 239 |  |
|  |  | Quarter Ended |
|  |  | March 31, |  | June 30, (A) |  | September 30, |  | December 31, (B) |
|  |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
| PSEG Power: |  | Millions |
| Operating Revenues |  | $ | 1,416 |  |  | $ | 1,403 |  |  | $ | 1,083 |  |  | $ | 767 |  |  | $ | 771 |  |  | $ | 868 |  |  | $ | 1,115 |  |  | $ | 1,108 |  |
| Operating Income (Loss) |  | $ | 301 |  |  | $ | 329 |  |  | $ | (86 | ) |  | $ | 42 |  |  | $ | 79 |  |  | $ | 112 |  |  | $ | 154 |  |  | $ | 113 |  |
| Net Income (Loss) |  | $ | 296 |  |  | $ | 234 |  |  | $ | (40 | ) |  | $ | 41 |  |  | $ | 53 |  |  | $ | 125 |  |  | $ | 159 |  |  | $ | (35 | ) |
(A) | The decrease in Operating Income and Net Income at PSEG consolidated and PSEG Power in the second quarter of 2019 as compared to the same quarter in 2018 was primarily due to the loss in 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants, offsetting MTM net gains in 2019 as compared to net losses in 2018.
(B) The increase in Net Income at PSEG consolidated and PSEG Power in the fourth quarter of 2019 as compared to the same quarter in 2018 was primarily due to net gains in 2019 as compared to net losses in 2018 on equity securities in PSEG Power’s NDT Fund.

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