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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and Cash Equivalents $ 655 $ 493
Accounts Receivable, net of allowances 1,710 1,203
Tax Receivable 111 109
Unbilled Revenues 261 300
Fuel 271 545
Materials and Supplies, net 475 479
Prepayments 55 89
Derivative Contracts 43 [1] 98
Deferred Income Taxes 114 24
Regulatory Assets 125 243
Other 33 31
Total Current Assets 3,853 3,614
PROPERTY, PLANT AND EQUIPMENT 30,152 29,713
Less: Accumulated Depreciation and Amortization (8,219) (8,068)
Net Property, Plant and Equipment 21,933 21,645
NONCURRENT ASSETS    
Regulatory Assets 2,570 2,612
Regulatory Assets of Variable Interest Entities (VIEs) 414 476
Long-Term Investments 1,321 1,313
Nuclear Decommissioning Trust (NDT) Fund 1,734 1,701
Long-Term Receivable of VIE 418 0
Other Special Funds 635 613
Goodwill 16 16
Other Intangibles 48 33
Derivative Contracts 47 [1] 163
Restricted Cash of VIEs 24 24
Other 313 312
Total Noncurrent Assets 7,540 7,263
Total Assets 33,326 32,522
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 544 544
Securitization Debt of VIEs Due Within One Year 242 237
Commercial Paper and Loans 0 60
Accounts Payable 1,116 1,222
Derivative Contracts 75 [1] 76
Accrued Interest 112 95
Accrued Taxes 311 37
Clean Energy Program 85 142
Obligation to Return Cash Collateral 134 119
Regulatory Liabilities 159 43
Other 579 488
Total Current Liabilities 3,357 3,063
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 7,148 7,107
Regulatory Liabilities 172 233
Regulatory Liabilities of VIEs 11 11
Asset Retirement Obligations 687 677
Other Postretirement Benefit (OPEB) Costs 1,081 1,095
OPEB Costs of Servco 307 0
Accrued Pension Costs 122 121
Accrued Pension Costs of Servco 109 0
Environmental Costs 400 414
Derivative Contracts 28 [1] 31
Long-Term Accrued Taxes 186 180
Other 116 119
Total Noncurrent Liabilities 10,367 9,988
COMMITMENTS AND CONTINGENT LIABILITIES      
LONG-TERM DEBT    
Long-Term Debt 7,586 7,587
Securitization Debt of VIEs 200 259
Project Level, Non-Recourse Debt 16 16
Total Long-Term Debt 7,802 7,862
STOCKHOLDER'S EQUITY    
Common Stock 4,856 4,861
Treasury Stock, at cost (626) (615)
Retained Earnings 7,656 7,457
Accumulated Other Comprehensive Income (Loss) (87) (95)
Total Common Stockholders' Equity 11,799 11,608
Noncontrolling Interest 1 1
Total Stockholder's Equity 11,800 11,609
Total Capitalization 19,602 19,471
TOTAL LIABILITIES AND CAPITALIZATION 33,326 32,522
Power [Member]
   
CURRENT ASSETS    
Cash and Cash Equivalents 10 6
Accounts Receivable, net of allowances 544 338
Accounts Receivable-Affiliated Companies, net 36 333
Short-Term Loan to Affiliate 942 790
Fuel 271 545
Materials and Supplies, net 347 362
Prepayments 15 13
Derivative Contracts 27 [1] 57 [1]
Deferred Income Taxes 105 30
Other 2 2
Total Current Assets 2,299 2,476
PROPERTY, PLANT AND EQUIPMENT 10,372 10,278
Less: Accumulated Depreciation and Amortization (3,037) (2,911)
Net Property, Plant and Equipment 7,335 7,367
NONCURRENT ASSETS    
Long-Term Investments 123 123
Nuclear Decommissioning Trust (NDT) Fund 1,734 1,701
Other Special Funds 148 139
Goodwill 16 16
Other Intangibles 48 33
Derivative Contracts 9 [1] 72 [1]
Other 76 75
Total Noncurrent Assets 2,154 2,159
Total Assets 11,788 12,002
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 44 44
Accounts Payable 490 516
Derivative Contracts 67 [1] 76 [1]
Accrued Interest 43 28
Other 137 136
Total Current Liabilities 781 800
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 2,044 2,031
Asset Retirement Obligations 405 400
Other Postretirement Benefit (OPEB) Costs 209 206
Accrued Pension Costs 35 35
Derivative Contracts 28 [1] 31 [1]
Long-Term Accrued Taxes 49 53
Other 87 91
Total Noncurrent Liabilities 2,857 2,847
COMMITMENTS AND CONTINGENT LIABILITIES      
LONG-TERM DEBT    
Total Long-Term Debt 2,497 2,497
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 4,482 4,693
Accumulated Other Comprehensive Income (Loss) (57) (63)
Total Stockholder's Equity 5,653 5,858
TOTAL LIABILITIES AND CAPITALIZATION 11,788 12,002
PSE And G [Member]
   
CURRENT ASSETS    
Cash and Cash Equivalents 177 18
Accounts Receivable, net of allowances 1,135 832
Unbilled Revenues 261 300
Materials and Supplies, net 126 115
Prepayments 6 24
Derivative Contracts 0 25
Deferred Income Taxes 6 16
Regulatory Assets 125 243
Other 14 12
Total Current Assets 1,850 1,585
PROPERTY, PLANT AND EQUIPMENT 19,424 19,071
Less: Accumulated Depreciation and Amortization (4,993) (4,964)
Net Property, Plant and Equipment 14,431 14,107
NONCURRENT ASSETS    
Regulatory Assets 2,570 2,612
Regulatory Assets of Variable Interest Entities (VIEs) 414 476
Long-Term Investments 367 361
Other Special Funds 362 354
Derivative Contracts 20 69
Restricted Cash of VIEs 24 24
Other 137 132
Total Noncurrent Assets 3,894 4,028
Total Assets 20,175 19,720
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 500 500
Securitization Debt of VIEs Due Within One Year 242 237
Commercial Paper and Loans 0 60
Accounts Payable 490 535
Derivative Contracts 8 0
Accounts Payable-Affiliated Companies, net 293 190
Accrued Interest 69 67
Deferred Income Taxes 4 30
Clean Energy Program 85 142
Obligation to Return Cash Collateral 134 119
Regulatory Liabilities 159 43
Other 410 314
Total Current Liabilities 2,394 2,237
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 4,450 4,406
Regulatory Liabilities 172 233
Regulatory Liabilities of VIEs 11 11
Asset Retirement Obligations 278 274
Other Postretirement Benefit (OPEB) Costs 822 839
Accrued Pension Costs 27 27
Environmental Costs 349 363
Long-Term Accrued Taxes 82 72
Other 48 47
Total Noncurrent Liabilities 6,239 6,272
COMMITMENTS AND CONTINGENT LIABILITIES      
LONG-TERM DEBT    
Long-Term Debt 5,067 5,066
Securitization Debt of VIEs 200 259
Total Long-Term Debt 5,267 5,325
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 695 520
Basis Adjustment 986 986
Retained Earnings 3,701 3,487
Accumulated Other Comprehensive Income (Loss) 1 1
Total Stockholder's Equity 6,275 5,886
Total Capitalization 11,542 11,211
TOTAL LIABILITIES AND CAPITALIZATION $ 20,175 $ 19,720
[1] Substantially all of Power's and PSEG's derivative instruments are contracts subject to master netting agreements. Contracts not subject to master netting or similar agreements are immaterial and did not have any collateral posted or received as of March 31, 2014 and December 31, 2013. PSE&G does not have any derivative contracts subject to master netting or similar agreements.