XML 57 R40.htm IDEA: XBRL DOCUMENT v3.23.2
Debt and Credit Facilities Debt and Credit Facilities (Tables)
 6 Months Ended
Jun. 30, 2023
Debt and Credit Facilities [Abstract]  
Schedule of Line of Credit Facilities [Table Text Block] Each of the credit facilities is restricted as to availability and use to the specific companies as listed in the following table; however, if necessary, the PSEG facilities can also be used to support its subsidiaries’ liquidity needs.
The total committed credit facilities and available liquidity as of June 30, 2023 were as follows:
As of June 30, 2023
Company/FacilityTotal
Facility		Usage (B)Available
Liquidity		Expiration
Date		Primary Purpose
Millions
PSEG
Revolving Credit Facility (A) $1,500 $152 $1,348 Mar 2027Commercial Paper Support/Funding/Letters of Credit
Total PSEG$1,500 $152 $1,348 
PSE&G
Revolving Credit Facility$1,000 $318 $682 Mar 2027Commercial Paper Support/Funding/Letters of Credit
Total PSE&G$1,000 $318 $682 
PSEG Power
Revolving Credit Facility (A)$1,250 $39 $1,211 Mar 2027Funding/Letters of Credit
Letter of Credit Facility100 — 100 Apr 2025Letters of Credit
Letter of Credit Facility200 86 114 Sept 2024Letters of Credit
Letter of Credit Facility100 66 34 Apr 2024Letters of Credit
Total PSEG Power$1,650 $191 $1,459 
Total (C)$4,150 $661 $3,489 
(A)Master Credit Facility with sub-limits of $1.5 billion for PSEG and $1.25 billion for PSEG Power; sub-limits can be adjusted pursuant to the terms of the Master Credit Facility agreement. The PSEG sub-limit includes a sustainability linked pricing based mechanism with potential increases or decreases, which are not expected to be material, depending on performance relative to targeted methane emission reductions.
(B)The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of June 30, 2023, PSEG had $149 million outstanding at a weighted average interest rate of 5.53% and PSE&G had $298 million outstanding at a weighted average interest rate of 5.49%.
(C)Amounts do not include uncommitted credit facilities or 364-day term loans.