XML 138 R116.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Debt and Credit Facilities (Short-Term Liquidity) (Details) - USD ($) $ in Millions | 12 Months Ended |
--- | --- | ---
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2021
Short-term Debt [Line Items] |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  | $ 4,100 |  |  |
Line of Credit Facility, Amount Outstanding |  | 1,185 |  |  |
Available Liquidity |  | 2,915 |  |  |
Commercial Paper and Loans |  | $ 3,519 | $ 1,063 |  |
Commitments of single institution as percentage of total commitments |  | 8.00% |  |  |
Proceeds from Short-term Debt |  | $ 2,500 | 800 | $ 0 |
Repayments of Short-term Debt |  | 300 | 500 | 0 |
Issuance of Long-Term Debt |  | 2,825 | 2,450 | 1,900 |
Collateral Already Posted, Aggregate Fair Value |  | 844 | 54 |  | $ 343
PSEG [Member] |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  | 1,500 |  |  |
Line of Credit Facility, Amount Outstanding |  | 1,022 |  |  |
Available Liquidity |  | 478 |  |  |
PSEG [Member] | Senior Notes Zero Point Eight Four Percent Due In Two Thousand Twenty Three |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Issuance of Long-Term Debt |  | 750 |  |  |
PSEG [Member] | Senior Notes November 2021 issuance |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Issuance of Long-Term Debt |  | 1,500 |  |  |
Public Service Electric and Gas Company |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  | 600 |  |  |
Line of Credit Facility, Amount Outstanding |  | 18 |  |  |
Available Liquidity |  | 582 |  |  |
Commercial Paper and Loans |  | 0 | 100 |  |
Issuance of Long-Term Debt |  | 1,325 | $ 1,350 | $ 1,150 |
PSEG Power LLC [Member] |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  | 2,000 |  |  |
Line of Credit Facility, Amount Outstanding |  | 145 |  |  |
Available Liquidity |  | 1,855 |  |  |
Revolving Credit Facility [Member] | PSEG [Member] |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Commercial Paper and Loans |  | $ 1,000 |  |  |
Short-term Debt, Weighted Average Interest Rate, at Point in Time |  | 0.33% |  |  |
March 2020 Term Loan [Member] |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Repayments of Short-term Debt |  | $ 300 |  |  |
August 2021 Loan |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Proceeds from Short-term Debt |  | 1,250 |  |  |
March 2021 Loan |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Proceeds from Short-term Debt |  | 500 |  |  |
May 2021 Loan |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Proceeds from Short-term Debt |  | 750 |  |  |
Power credit facility |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Proceeds from Short-term Debt |  | 755 |  |  |
Repayments of Short-term Debt |  | 755 |  |  |
Revolving Credit Facility [Member] | PSEG [Member] |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Credit Facility Reduction |  | 9 |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | [1] | 1,500 |  |  |
Line of Credit Facility, Amount Outstanding | [2] | 1,022 |  |  |
Available Liquidity |  | $ 478 |  |  |
Expiration Date |  | Mar 2024 |  |  |
Revolving Credit Facility [Member] | Public Service Electric and Gas Company |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Credit Facility Reduction |  | $ 4 |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | [3] | 600 |  |  |
Line of Credit Facility, Amount Outstanding | [2] | 18 |  |  |
Available Liquidity |  | $ 582 |  |  |
Expiration Date |  | Mar 2024 |  |  |
Revolving Credit Facility [Member] | PSEG Power LLC [Member] |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Credit Facility Reduction |  | $ 12 |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | [4] | 1,900 |  |  |
Line of Credit Facility, Amount Outstanding |  | 58 |  |  |
Available Liquidity |  | $ 1,842 |  |  |
Expiration Date |  | Mar 2024 |  |  |
Letter of Credit Facilities expiring September 2022 | PSEG Power LLC [Member] |  |  |  |  |
Short-term Debt [Line Items] |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | [5] | $ 100 |  |  |
Line of Credit Facility, Amount Outstanding |  | 87 |  |  |
Available Liquidity |  | $ 13 |  |  |
Expiration Date |  | Sept 2023 |  |  |
[1] | PSEG facilities will be reduced by $9 million in March 2022.
[2] | The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of December 31, 2021, PSEG had $1.0 billion outstanding at a weighted average interest rate of 0.33%. PSE&G had no Commercial Paper outstanding as of December 31, 2021.
[3] | PSE&G facility will be reduced by $4 million in March 2022
[4] | PSEG Power facilities will be reduced by $12 million in March 2022
[5] | In December 2021, PSEG Power extended its letter of credit facility for one year from September 2022 to September 2023.

X
- Definition Commitments of Single Institution as Percentage of Total Commitments + References No definition available. + Details
Name: | pseg_CommitmentsOfSingleInstitutionAsPercentageOfTotalCommitments
Namespace Prefix: | pseg_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Credit Facility Reduction + References No definition available. + Details
Name: | pseg_CreditFacilityReduction
Namespace Prefix: | pseg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The aggregate fair value of assets that are already posted, at the end of the reporting period, as collateral for derivative instruments with credit-risk-related contingent features. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4H -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624258-113959 + Details
Name: | us-gaap_CollateralAlreadyPostedAggregateFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date of short-term borrowings using unsecured obligations issued by banks, corporations and other borrowers to investors. The maturities of these money market securities generally do not exceed 270 days. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(2)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)(3)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CommercialPaper
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentMaturityDateDescription
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of the amount outstanding under the credit facility. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 + Details
Name: | us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of cash inflow from issuance of long-term debt classified as other. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromShortTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash outflow for a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfShortTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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_ShortTermDebtLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted average interest rate of short-term debt outstanding calculated at point in time. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ShortTermDebtWeightedAverageInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=srt_ParentCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=pseg_SeniorNotesZeroPointEightFourPercentDueInTwoThousandTwentyThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=pseg_SeniorNotesNovember2021IssuanceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=pseg_March2020TermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=pseg_August2021LoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=pseg_March2021LoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=pseg_May2021LoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=pseg_PowerCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=pseg_LetterOfCreditFacilitiesExpiringSeptember2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |