Guarantees of Debt

12 Months Ended

Dec. 31, 2017

Guarantees of Debt [Line Items]

Guarantees of Debt

Guarantees of Debt

Power’s Senior Notes are fully and unconditionally and jointly and severally guaranteed by its subsidiaries, PSEG Fossil LLC, PSEG Nuclear LLC and PSEG Energy Resources & Trade LLC. The following tables present condensed financial information for the guarantor subsidiaries, as well as Power’s non-guarantor subsidiaries, as of December 31, 2017 and 2016 and for the years ended December 31, 2017, 2016 and 2015.

	Power			Guarantor Subsidiaries			Other Subsidiaries			Consolidating Adjustments			Total
	Millions
Year Ended December 31, 2017
Operating Revenues	$	—		$	3,891		$	174		$	(135	)	$	3,930
Operating Expenses	8			4,221			195			(135		)	4,289
Operating Income (Loss)	(8		)	(330		)	(21		)	—			(359		)
Equity Earnings (Losses) of Subsidiaries	567			60			14			(627		)	14
Other Income	98			257			2			(144		)	213
Other Deductions	(24		)	(32		)	—			—			(56		)
Other-Than-Temporary Impairments	—			(12		)	—			—			(12		)
Interest Expense	(128		)	(49		)	(17		)	144			(50		)
Income Tax Benefit (Expense)	(26		)	588			167			—			729
Net Income (Loss)	$	479		$	482		$	145		$	(627	)	$	479
Comprehensive Income (Loss)	$	518		$	529		$	145		$	(674	)	$	518
As of December 31, 2017
Current Assets	$	4,327		$	1,500		$	200		$	(4,686	)	$	1,341
Property, Plant and Equipment, net	54			5,778			2,764			—			8,596
Investment in Subsidiaries	4,844			404			—			(5,248		)	—
Noncurrent Assets	100			2,349			110			(78		)	2,481
Total Assets	$	9,325		$	10,031		$	3,074		$	(10,012	)	$	12,418
Current Liabilities	$	689		$	3,586		$	1,846		$	(4,686	)	$	1,435
Noncurrent Liabilities	533			1,966			459			(78		)	2,880
Long-Term Debt	2,136			—			—			—			2,136
Member’s Equity	5,967			4,479			769			(5,248		)	5,967
Total Liabilities and Member’s Equity	$	9,325		$	10,031		$	3,074		$	(10,012	)	$	12,418
Year Ended December 31, 2017
Net Cash Provided By (Used In) Operating Activities	$	(42	)	$	1,185		$	238		$	(55	)	$	1,326
Net Cash Provided By (Used In) Investing Activities	$	506		$	(448	)	$	(525	)	$	(765	)	$	(1,232	)
Net Cash Provided By (Used In) Financing Activities	$	(464	)	$	(736	)	$	307		$	820		$	(73	)

	Power			Guarantor Subsidiaries			Other Subsidiaries			Consolidating Adjustments			Total
	Millions
Year Ended December 31, 2016
Operating Revenues	$	—		$	3,971		$	173		$	(121	)	$	4,023
Operating Expenses	8			3,962			161			(121		)	4,010
Operating Income (Loss)	(8		)	9			12			—			13
Equity Earnings (Losses) of Subsidiaries	36			(3		)	11			(33		)	11
Other Income	71			120			—			(89		)	102
Other Deductions	(18		)	(39		)	—			—			(57		)
Other-Than-Temporary Impairments	—			(28		)	—			—			(28		)
Interest Expense	(115		)	(40		)	(18		)	89			(84		)
Income Tax Benefit (Expense)	52			(11		)	20			—			61
Net Income (Loss)	$	18		$	8		$	25		$	(33	)	$	18
Comprehensive Income (Loss)	$	47		$	50		$	25		$	(75	)	$	47
As of December 31, 2016
Current Assets	$	4,412		$	1,593		$	152		$	(4,697	)	$	1,460
Property, Plant and Equipment, net	55			6,145			2,320			—			8,520
Investment in Subsidiaries	4,249			344			—			(4,593		)	—
Noncurrent Assets	168			2,016			129			(100		)	2,213
Total Assets	$	8,884		$	10,098		$	2,601		$	(9,390	)	$	12,193
Current Liabilities	$	171		$	3,752		$	1,454		$	(4,697	)	$	680
Noncurrent Liabilities	532			2,398			502			(100		)	3,332
Long-Term Debt	2,382			—			—			—			2,382
Member’s Equity	5,799			3,948			645			(4,593		)	5,799
Total Liabilities and Member’s Equity	$	8,884		$	10,098		$	2,601		$	(9,390	)	$	12,193
Year Ended December 31, 2016
Net Cash Provided By (Used In) Operating Activities	$	97		$	1,442		$	323		$	(607	)	$	1,255
Net Cash Provided By (Used In) Investing Activities	$	60		$	(707	)	$	(789	)	$	289		$	(1,147	)
Net Cash Provided By (Used In) Financing Activities	$	(157	)	$	(736	)	$	466		$	318		$	(109	)

	Power			Guarantor Subsidiaries			Other Subsidiaries			Consolidating Adjustments			Total
	Millions
Year Ended December 31, 2015
Operating Revenues	$	—		$	4,883		$	179		$	(134	)	$	4,928
Operating Expenses	12			3,451			169			(134		)	3,498
Operating Income (Loss)	(12		)	1,432			10			—			1,430
Equity Earnings (Losses) of Subsidiaries	906			(4		)	14			(902		)	14
Other Income	48			174			—			(53		)	169
Other Deductions	(27		)	(45		)	—			—			(72		)
Other-Than-Temporary Impairments	—			(53		)	—			—			(53		)
Interest Expense	(116		)	(39		)	(19		)	53			(121		)
Income Tax Benefit (Expense)	57			(574		)	6			—			(511		)
Net Income (Loss)	$	856		$	891		$	11		$	(902	)	$	856
Comprehensive Income (Loss)	$	844		$	855		$	11		$	(866	)	$	844
Year Ended December 31, 2015
Net Cash Provided By (Used In) Operating Activities	$	571		$	2,089		$	80		$	(1,034	)	$	1,706
Net Cash Provided By (Used In) Investing Activities	$	(366	)	$	(1,519	)	$	(430	)	$	1,314		$	(1,001	)
Net Cash Provided By (Used In) Financing Activities	$	(205	)	$	(571	)	$	354		$	(280	)	$	(702	)

Power [Member]

Guarantees of Debt [Line Items]

Guarantees of Debt

Guarantees of Debt

Power’s Senior Notes are fully and unconditionally and jointly and severally guaranteed by its subsidiaries, PSEG Fossil LLC, PSEG Nuclear LLC and PSEG Energy Resources & Trade LLC. The following tables present condensed financial information for the guarantor subsidiaries, as well as Power’s non-guarantor subsidiaries, as of December 31, 2017 and 2016 and for the years ended December 31, 2017, 2016 and 2015.

	Power			Guarantor Subsidiaries			Other Subsidiaries			Consolidating Adjustments			Total
	Millions
Year Ended December 31, 2017
Operating Revenues	$	—		$	3,891		$	174		$	(135	)	$	3,930
Operating Expenses	8			4,221			195			(135		)	4,289
Operating Income (Loss)	(8		)	(330		)	(21		)	—			(359		)
Equity Earnings (Losses) of Subsidiaries	567			60			14			(627		)	14
Other Income	98			257			2			(144		)	213
Other Deductions	(24		)	(32		)	—			—			(56		)
Other-Than-Temporary Impairments	—			(12		)	—			—			(12		)
Interest Expense	(128		)	(49		)	(17		)	144			(50		)
Income Tax Benefit (Expense)	(26		)	588			167			—			729
Net Income (Loss)	$	479		$	482		$	145		$	(627	)	$	479
Comprehensive Income (Loss)	$	518		$	529		$	145		$	(674	)	$	518
As of December 31, 2017
Current Assets	$	4,327		$	1,500		$	200		$	(4,686	)	$	1,341
Property, Plant and Equipment, net	54			5,778			2,764			—			8,596
Investment in Subsidiaries	4,844			404			—			(5,248		)	—
Noncurrent Assets	100			2,349			110			(78		)	2,481
Total Assets	$	9,325		$	10,031		$	3,074		$	(10,012	)	$	12,418
Current Liabilities	$	689		$	3,586		$	1,846		$	(4,686	)	$	1,435
Noncurrent Liabilities	533			1,966			459			(78		)	2,880
Long-Term Debt	2,136			—			—			—			2,136
Member’s Equity	5,967			4,479			769			(5,248		)	5,967
Total Liabilities and Member’s Equity	$	9,325		$	10,031		$	3,074		$	(10,012	)	$	12,418
Year Ended December 31, 2017
Net Cash Provided By (Used In) Operating Activities	$	(42	)	$	1,185		$	238		$	(55	)	$	1,326
Net Cash Provided By (Used In) Investing Activities	$	506		$	(448	)	$	(525	)	$	(765	)	$	(1,232	)
Net Cash Provided By (Used In) Financing Activities	$	(464	)	$	(736	)	$	307		$	820		$	(73	)

	Power			Guarantor Subsidiaries			Other Subsidiaries			Consolidating Adjustments			Total
	Millions
Year Ended December 31, 2016
Operating Revenues	$	—		$	3,971		$	173		$	(121	)	$	4,023
Operating Expenses	8			3,962			161			(121		)	4,010
Operating Income (Loss)	(8		)	9			12			—			13
Equity Earnings (Losses) of Subsidiaries	36			(3		)	11			(33		)	11
Other Income	71			120			—			(89		)	102
Other Deductions	(18		)	(39		)	—			—			(57		)
Other-Than-Temporary Impairments	—			(28		)	—			—			(28		)
Interest Expense	(115		)	(40		)	(18		)	89			(84		)
Income Tax Benefit (Expense)	52			(11		)	20			—			61
Net Income (Loss)	$	18		$	8		$	25		$	(33	)	$	18
Comprehensive Income (Loss)	$	47		$	50		$	25		$	(75	)	$	47
As of December 31, 2016
Current Assets	$	4,412		$	1,593		$	152		$	(4,697	)	$	1,460
Property, Plant and Equipment, net	55			6,145			2,320			—			8,520
Investment in Subsidiaries	4,249			344			—			(4,593		)	—
Noncurrent Assets	168			2,016			129			(100		)	2,213
Total Assets	$	8,884		$	10,098		$	2,601		$	(9,390	)	$	12,193
Current Liabilities	$	171		$	3,752		$	1,454		$	(4,697	)	$	680
Noncurrent Liabilities	532			2,398			502			(100		)	3,332
Long-Term Debt	2,382			—			—			—			2,382
Member’s Equity	5,799			3,948			645			(4,593		)	5,799
Total Liabilities and Member’s Equity	$	8,884		$	10,098		$	2,601		$	(9,390	)	$	12,193
Year Ended December 31, 2016
Net Cash Provided By (Used In) Operating Activities	$	97		$	1,442		$	323		$	(607	)	$	1,255
Net Cash Provided By (Used In) Investing Activities	$	60		$	(707	)	$	(789	)	$	289		$	(1,147	)
Net Cash Provided By (Used In) Financing Activities	$	(157	)	$	(736	)	$	466		$	318		$	(109	)

	Power			Guarantor Subsidiaries			Other Subsidiaries			Consolidating Adjustments			Total
	Millions
Year Ended December 31, 2015
Operating Revenues	$	—		$	4,883		$	179		$	(134	)	$	4,928
Operating Expenses	12			3,451			169			(134		)	3,498
Operating Income (Loss)	(12		)	1,432			10			—			1,430
Equity Earnings (Losses) of Subsidiaries	906			(4		)	14			(902		)	14
Other Income	48			174			—			(53		)	169
Other Deductions	(27		)	(45		)	—			—			(72		)
Other-Than-Temporary Impairments	—			(53		)	—			—			(53		)
Interest Expense	(116		)	(39		)	(19		)	53			(121		)
Income Tax Benefit (Expense)	57			(574		)	6			—			(511		)
Net Income (Loss)	$	856		$	891		$	11		$	(902	)	$	856
Comprehensive Income (Loss)	$	844		$	855		$	11		$	(866	)	$	844
Year Ended December 31, 2015
Net Cash Provided By (Used In) Operating Activities	$	571		$	2,089		$	80		$	(1,034	)	$	1,706
Net Cash Provided By (Used In) Investing Activities	$	(366	)	$	(1,519	)	$	(430	)	$	1,314		$	(1,001	)
Net Cash Provided By (Used In) Financing Activities	$	(205	)	$	(571	)	$	354		$	(280	)	$	(702	)