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Pension and OPEB (Tables)
 9 Months Ended
Sep. 30, 2019
Retirement Benefits [Abstract]  
Components Of Net Periodic Benefit Cost
The following table provides the components of net periodic benefit costs relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization and co-owner allocations. Only the service cost component is eligible for capitalization, when applicable.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
OPEB
 
Pension Benefits
 
OPEB
 
 
 
Three Months Ended
 
Three Months Ended
 
Nine Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
September 30,
 
September 30,
 
 
 
2019

 
2018
 
2019

 
2018
 
2019
 
2018
 
2019
 
2018
 
 
 
Millions
 
 
Components of Net Periodic Benefit (Credits) Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service Cost (included in O&M Expense)
$
33

 
$
32

 
$
2

 
$
4

 
$
90

 
$
97

 
$
7

 
$
13

 
 
Non-Service Components of Pension and OPEB (Credits) Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Cost
51

 
52

 
12

 
16

 
167

 
156

 
34

 
49

 
 
Expected Return on Plan Assets
(108
)
 
(111
)
 
(9
)
 
(9
)
 
(301
)
 
(331
)
 
(27
)
 
(30
)
 
 
Amortization of Net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior Service Credit
(4
)
 
(4
)
 
(32
)
 
(1
)
 
(13
)
 
(13
)
 
(96
)
 
(1
)
 
 
Actuarial Loss
21

 
22

 
13

 
16

 
75

 
64

 
38

 
48

 
 
Non-Service Components of Pension and OPEB (Credits) Costs
(40
)
 
(41
)
 
(16
)
 
22

 
(72
)
 
(124
)
 
(51
)
 
66

 
 
Total Benefit (Credits) Costs
$
(7
)
 
$
(9
)
 
$
(14
)
 
$
26

 
$
18

 
$
(27
)
 
$
(44
)
 
$
79

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule Of Pension And OPEB Costs
Pension and OPEB costs for PSE&G, PSEG Power and PSEG’s other subsidiaries, excluding Servco, are detailed as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
OPEB
 
Pension Benefits
 
OPEB
 
 
 
Three Months Ended
 
Three Months Ended
 
Nine Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
September 30,
 
September 30,
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
 
Millions
 
 
PSE&G
$
(6
)
 
$
(8
)
 
$
(14
)
 
$
17

 
$
7

 
$
(23
)
 
$
(46
)
 
$
51

 
 
PSEG Power
(2
)
 
(2
)
 
—

 
8

 
5

 
(7
)
 
2

 
24

 
 
Other
1

 
1

 
—

 
1

 
6

 
3

 
—

 
4

 
 
Total Benefit (Credits) Costs
$
(7
)
 
$
(9
)
 
$
(14
)
 
$
26

 
$
18

 
$
(27
)
 
$
(44
)
 
$
79