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Earnings Per Share (EPS) and Dividends | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Share (EPS) and Dividends | Earnings Per Share (EPS) and Dividends EPS Basic EPS is calculated by dividing Net Income (Loss) by the weighted average number of shares of common stock outstanding. Diluted EPS is calculated by dividing Net Income (Loss) by the weighted average number of shares of common stock outstanding, plus dilutive potential shares related to PSEG’s stock based compensation. The following table shows the effect of these dilutive potential shares on the weighted average number of shares outstanding used in calculating diluted EPS:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2021 |  | 2020 |  | 2021 |  | 2020 |
|  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted |
| EPS Numerator (Millions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income (Loss) | $ | (1,564) |  |  | $ | (1,564) |  |  | $ | 575 |  |  | $ | 575 |  |  | $ | (1,093) |  |  | $ | (1,093) |  |  | $ | 1,474 |  |  | $ | 1,474 |  |
| EPS Denominator (Millions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Weighted Average Common Shares Outstanding | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 504 |  |
| Effect of Stock Based Compensation Awards | — |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |
| Total Shares | 504 |  |  | 504 |  |  | 504 |  |  | 507 |  |  | 504 |  |  | 504 |  |  | 504 |  |  | 507 |  |
| EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income (Loss) | $ | (3.10) |  |  | $ | (3.10) |  |  | $ | 1.15 |  |  | $ | 1.14 |  |  | $ | (2.17) |  |  | $ | (2.17) |  |  | $ | 2.93 |  |  | $ | 2.91 |  |
Approximately 3 million potentially dilutive shares were excluded from total shares used to calculate the diluted loss per share for the three months and nine months ended September 30, 2021 as their impact was antidilutive. Dividends
|  | Three Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |
| Dividend Payments on Common Stock | 2021 |  | 2020 |  | 2021 |  | 2020 |
| Per Share | $ | 0.51 |  |  | $ | 0.49 |  |  | $ | 1.53 |  |  | $ | 1.47 |  |
| In Millions | $ | 257 |  |  | $ | 248 |  |  | $ | 773 |  |  | $ | 743 |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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