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Available-for-Sale Securities (Tables)
 9 Months Ended
Sep. 30, 2016
Schedule of Available-for-sale Securities [Line Items]  
Fair Values And Gross Unrealized Gains And Losses For The Securities Held In The NDT Fund
The following tables show the fair values and gross unrealized gains and losses for the securities held in the NDT Fund.
 
 
 
 
 
 
 
 
 
 
 
 
As of September 30, 2016
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
691

 
$
238

 
$
(7
)
 
$
922

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
509

 
21

 
—

 
530

 
 
Other
349

 
13

 
(2
)
 
360

 
 
Total Debt Securities
858

 
34

 
(2
)
 
890

 
 
Other Securities
45

 
—

 
—

 
45

 
 
Total NDT Available-for-Sale Securities
$
1,594

 
$
272

 
$
(9
)
 
$
1,857

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2015
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
693

 
$
185

 
$
(13
)
 
$
865

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
483

 
8

 
(3
)
 
488

 
 
Other
366

 
3

 
(10
)
 
359

 
 
Total Debt Securities
849

 
11

 
(13
)
 
847

 
 
Other Securities
42

 
—

 
—

 
42

 
 
Total NDT Available-for-Sale Securities
$
1,584

 
$
196

 
$
(26
)
 
$
1,754

 
 
 
 
 
 
 
 
 
 
 
Schedule Of Accounts Receivable And Accounts Payable in the NDT Funds
The amounts in the preceding tables do not include receivables and payables for NDT Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table.
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
September 30,
2016
 
December 31,
2015
 
 
 
Millions
 
 
Accounts Receivable
$
9

 
$
17

 
 
Accounts Payable
$
7

 
$
10

 
 
 
 
 
 
 
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months
The following table shows the value of securities in the NDT Fund that have been in an unrealized loss position for less than and greater than 12 months.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of September 30, 2016
 
As of December 31, 2015
 
 
 
Less Than 12
Months
 
Greater Than 12
Months
 
Less Than 12
Months
 
Greater Than 12
Months
 
 
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
 
 
Millions
 
 
Equity Securities (A)
$
101

 
$
(6
)
 
$
4

 
$
(1
)
 
$
151

 
$
(13
)
 
$
1

 
$
—

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government Obligations (B)
41

 
—

 
4

 
—

 
245

 
(2
)
 
19

 
(1
)
 
 
Other (C)
34

 
—

 
25

 
(2
)
 
222

 
(7
)
 
36

 
(3
)
 
 
Total Debt Securities
75

 
—

 
29

 
(2
)
 
467

 
(9
)
 
55

 
(4
)
 
 
NDT Available-for-Sale Securities
$
176

 
$
(6
)
 
$
33

 
$
(3
)
 
$
618

 
$
(22
)
 
$
56

 
$
(4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(A)
Equity Securities—Investments in marketable equity securities within the NDT Fund are primarily in common stocks within a broad range of industries and sectors. The unrealized losses are distributed over a broad range of securities with limited impairment durations. Power does not consider these securities to be other-than-temporarily impaired as of September 30, 2016.
(B)
Debt Securities (Government Obligations)—Unrealized losses on Power’s NDT investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. Since these investments are guaranteed by the U.S. government or an agency of the U.S. government, it is not expected that these securities will settle for less than their amortized cost basis, since Power does not intend to sell nor will it be more-likely-than-not required to sell. Power does not consider these securities to be other-than-temporarily impaired as of September 30, 2016.
(C)
Debt Securities (Other)—Power’s investments in corporate bonds are primarily in investment grade securities. It is not expected that these securities would settle for less than their amortized cost. Since Power does not intend to sell these securities nor will it be more-likely-than-not required to sell, Power does not consider these debt securities to be other-than-temporarily impaired as of September 30, 2016.
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds And Rabbi Trusts
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
Millions
 
 
Proceeds from NDT Fund Sales (A)
$
139

 
$
215

 
$
470

 
$
1,037

 
 
Net Realized Gains (Losses) on NDT Fund:
 
 
 
 
 
 
 
 
 
Gross Realized Gains
$
11

 
$
14

 
$
36

 
$
47

 
 
Gross Realized Losses
(3
)
 
(11
)
 
(25
)
 
(24
)
 
 
Net Realized Gains (Losses) on NDT Fund
$
8

 
$
3

 
$
11

 
$
23

 
 
 
 
 
 
 
 
 
 
 

(A)
2015 proceeds include activity in accounts related to the liquidation of funds being transitioned to new managers
Amount Of Available-For-Sale Debt Securities By Maturity Periods
The NDT available-for-sale debt securities held as of September 30, 2016 had the following maturities:
 
 
 
 
 
 
Time Frame
 
Fair Value
 
 
 
 
Millions
 
 
Less than one year
 
$
22

 
 
1 - 5 years
 
233

 
 
6 - 10 years
 
214

 
 
11 - 15 years
 
56

 
 
16 - 20 years
 
62

 
 
Over 20 years
 
303

 
 
Total NDT Available-for-Sale Debt Securities
$
890

 
 
 
 
 
 
Rabbi Trust [Member]  
Schedule of Available-for-sale Securities [Line Items]  
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months
The following table shows the value of securities in the Rabbi Trust Fund that have been in an unrealized loss position for less than and greater than 12 months.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of September 30, 2016
 
As of December 31, 2015
 
 
 
Less Than 12
Months
 
Greater Than 12
Months
 
Less Than 12
Months
 
Greater Than 12
Months
 
 
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
 
 
Millions
 
 
Equity Securities (A)
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government Obligations (B)
4

 
—

 
1

 
—

 
53

 
(1
)
 
2

 
—

 
 
Other (C)
9

 
—

 
5

 
—

 
46

 
(1
)
 
9

 
—

 
 
Total Debt Securities
13

 
—

 
6

 
—

 
99

 
(2
)
 
11

 
—

 
 
Rabbi Trust Available-for-Sale Securities
$
13

 
$
—

 
$
6

 
$
—

 
$
99

 
$
(2
)
 
$
11

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(A)
Equity Securities—Investments in marketable equity securities within the Rabbi Trust Fund are through a mutual fund which invests primarily in common stocks within a broad range of industries and sectors.
(B)
Debt Securities (Government Obligations)—Unrealized losses on PSEG’s Rabbi Trust investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. Since these investments are guaranteed by the U.S. government or an agency of the U.S. government, it is not expected that these securities will settle for less than their amortized cost basis, since PSEG does not intend to sell nor will it be more-likely-than-not required to sell. PSEG does not consider these securities to be other-than-temporarily impaired as of September 30, 2016.
(C)
Debt Securities (Other)—PSEG’s investments in corporate bonds are primarily in investment grade securities. It is not expected that these securities would settle for less than their amortized cost. Since PSEG does not intend to sell these securities nor will it be more-likely-than-not required to sell, PSEG does not consider these debt securities to be other-than-temporarily impaired as of September 30, 2016.
Securities Held In The Rabbi Trusts
The following tables show the fair values, gross unrealized gains and losses and amortized cost basis for the securities held in the Rabbi Trust.
 
 
 
 
 
 
 
 
 
 
 
 
As of September 30, 2016
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
11

 
$
11

 
$
—

 
$
22

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
104

 
3

 
—

 
107

 
 
Other
91

 
3

 
—

 
94

 
 
Total Debt Securities
195

 
6

 
—

 
201

 
 
Other Securities
1

 
—

 
—

 
1

 
 
Total Rabbi Trust Available-for-Sale Securities
$
207

 
$
17

 
$
—

 
$
224

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2015
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
12

 
$
10

 
$
—

 
$
22

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
108

 
1

 
(1
)
 
108

 
 
Other
82

 
—

 
(1
)
 
81

 
 
Total Debt Securities
190

 
1

 
(2
)
 
189

 
 
Other Securities
2

 
—

 
—

 
2

 
 
Total Rabbi Trust Available-for-Sale Securities
$
204

 
$
11

 
$
(2
)
 
$
213

 
 
 
 
 
 
 
 
 
 
 
Schedule of Accounts Receivable and Accounts Payable in the Rabbi Trust Funds [Table Text Block]
The amounts in the preceding tables do not include receivables and payables for Rabbi Trust Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table.
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
September 30,
2016
 
December 31,
2015
 
 
 
Millions
 
 
Accounts Receivable
$
1

 
$
1

 
 
Accounts Payable
$
—

 
$
—

 
 
 
 
 
 
 
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds And Rabbi Trusts
The proceeds from the sales of and the net realized gains (losses) on securities in the Rabbi Trust Fund were:
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
Millions
 
 
Proceeds from Rabbi Trust Sales
$
20

 
$
20

 
$
81

 
$
83

 
 
Net Realized Gains (Losses) on Rabbi Trust:
 
 
 
 
 
 
 
 
 
Gross Realized Gains
$
2

 
$
—

 
$
5

 
$
2

 
 
Gross Realized Losses
(2
)
 
(1
)
 
(4
)
 
(1
)
 
 
Net Realized Gains (Losses) on Rabbi Trust
$
—

 
$
(1
)
 
$
1

 
$
1

 
 
 
 
 
 
 
 
 
 
 
Amount Of Available-For-Sale Debt Securities By Maturity Periods
The Rabbi Trust available-for-sale debt securities held as of September 30, 2016 had the following maturities:
 
 
 
 
 
 
Time Frame
 
Fair Value
 
 
 
 
Millions
 
 
Less than one year
 
$
9

 
 
1 - 5 years
 
42

 
 
6 - 10 years
 
48

 
 
11 - 15 years
 
9

 
 
16 - 20 years
 
9

 
 
Over 20 years
 
84

 
 
Total Rabbi Trust Available-for-Sale Debt Securities
$
201

 
 
 
 
 
 
Fair Value Of The Rabbi Trusts
The fair value of assets in the Rabbi Trust related to PSEG, PSE&G and Power are detailed as follows:
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
September 30,
2016
 
December 31,
2015
 
 
 
Millions
 
 
PSE&G
$
44

 
$
42

 
 
Power
55

 
52

 
 
Other
125

 
119

 
 
Total Rabbi Trust Available-for-Sale Securities
$
224

 
$
213