Debt and Credit Facilities Debt and Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2021

Debt and Credit Facilities [Abstract]

Schedule of Line of Credit Facilities [Table Text Block]

Each of the credit facilities is restricted as to availability and use to the specific companies as listed in the following table; however, if necessary, the PSEG facilities can also be used to support its subsidiaries’ liquidity needs.

The total credit facilities and available liquidity as of March 31, 2021 were as follows:



	As of March 31, 2021
Company/Facility	Total Facility		Usage (D)		Available Liquidity		Expiration Date	Primary Purpose
	Millions
PSEG
5-year Credit Facilities (A)	$	1,500	$	167	$	1,333	Mar 2024	Commercial Paper Support/Funding/Letters of Credit
Total PSEG	$	1,500	$	167	$	1,333
PSE&G
5-year Credit Facility (B)	$	600	$	18	$	582	Mar 2024	Commercial Paper Support/Funding/Letters of Credit
Total PSE&G	$	600	$	18	$	582
PSEG Power
3-year Letter of Credit Facility	$	100	$	32	$	68	Sept 2021	Letters of Credit
3-year Letter of Credit Facility	100		81		19		Sept 2022	Letters of Credit
5-year Credit Facilities (C)	1,900		39		1,861		Mar 2024	Funding/Letters of Credit
Total PSEG Power	$	2,100	$	152	$	1,948
Total	$	4,200	$	337	$	3,863

(A)PSEG facilities will be reduced by $9 million in March 2022.

(B)PSE&G facility will be reduced by $4 million in March 2022.

(C)PSEG Power facilities will be reduced by $12 million in March 2022.

(D)The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of March 31, 2021, PSEG had $165 million outstanding at a weighted average interest rate of 0.23%. PSE&G had no Commercial Paper outstanding as of March 31, 2021.

Short-Term Loans

PSEG

In March 2021, PSEG entered into a $500 million, 364-day variable rate term loan agreement. In March 2020, PSEG entered into a $300 million, 364-day variable rate term loan agreement which was prepaid in January 2021.