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Asset Retirement Obligations (AROs) (Tables)
12 Months Ended
Dec. 31, 2014
Asset Retirement Obligation [Abstract]  
Impact Of The Revisions On Asset Retirement Obligation
The changes to the ARO liabilities for PSEG, PSE&G and Power during 2013 and 2014 are presented in the following table:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG
 
PSE&G
 
Power
 
Other
 
 
 
 
Millions
 
 
ARO Liability as of January 1, 2013
 
$
627

 
$
250

 
$
374

 
$
3

 
 
Liabilities Settled
 
(5
)
 
(4
)
 
(1
)
 

 
 
Liabilities Incurred
 
17

 
13

 
4

 

 
 
Accretion Expense
 
23

 

 
23

 

 
 
Accretion Expense Deferred and Recovered in Rate Base (A)
 
15

 
15

 

 

 
 
ARO Liability as of December 31, 2013
 
$
677

 
$
274

 
$
400

 
$
3

 
 
Liabilities Settled
 
(2
)
 
(2
)
 

 

 
 
Liabilities Incurred
 
23

 
3

 
20

 

 
 
Accretion Expense
 
30

 

 
30

 

 
 
Accretion Expense Deferred and Recovered in Rate Base (A)
 
15

 
15

 

 

 
 
ARO Liability as of December 31, 2014
 
$
743

 
$
290

 
$
450

 
$
3

 
 
 
 
 
 
 
 
 
 
 
 
(A)
Not reflected as expense in Consolidated Statements of Operations