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Earnings Per Share (EPS) and Dividends (Tables) | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Basic And Diluted Earnings Per Share Computation | The following table shows the effect of these stock options, performance share units and restricted stock units on the weighted average number of shares outstanding used in calculating diluted EPS:
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |
|  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted |
| EPS Numerator (Millions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income | $ | 451 |  |  | $ | 451 |  |  | $ | 153 |  |  | $ | 153 |  |  | $ | 899 |  |  | $ | 899 |  |  | $ | 853 |  |  | $ | 853 |  |
| EPS Denominator (Millions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Weighted Average Common Shares Outstanding | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |
| Effect of Stock Based Compensation Awards | — |  |  | 3 |  |  | — |  |  | 3 |  |  | — |  |  | 3 |  |  | — |  |  | 3 |  |
| Total Shares | 504 |  |  | 507 |  |  | 504 |  |  | 507 |  |  | 504 |  |  | 507 |  |  | 504 |  |  | 507 |  |
| EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income | $ | 0.89 |  |  | $ | 0.89 |  |  | $ | 0.30 |  |  | $ | 0.30 |  |  | $ | 1.78 |  |  | $ | 1.77 |  |  | $ | 1.69 |  |  | $ | 1.68 |  |
Dividend Payments On Common Stock | Dividends
|  | Three Months Ended |  | Six Months Ended |
|  | June 30, |  | June 30, |
| Dividend Payments on Common Stock | 2020 |  | 2019 |  | 2020 |  | 2019 |
| Per Share | $ | 0.49 |  |  | $ | 0.47 |  |  | $ | 0.98 |  |  | $ | 0.94 |  |
| In Millions | $ | 247 |  |  | $ | 237 |  |  | $ | 495 |  |  | $ | 475 |  |
On July 21, 2020, the PSEG Board approved a $0.49 per share common stock dividend for the third quarter of 2020.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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