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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and Cash Equivalents $ 570 $ 493
Accounts Receivable, net of allowances 1,294 1,203
Tax Receivable 101 109
Unbilled Revenues 238 300
Fuel 426 545
Materials and Supplies, net 476 479
Prepayments 249 89
Derivative Contracts 73 [1] 98
Deferred Income Taxes 104 24
Regulatory Assets 229 243
Other 34 31
Total Current Assets 3,794 3,614
PROPERTY, PLANT AND EQUIPMENT 30,709 29,713
Less: Accumulated Depreciation and Amortization (8,399) (8,068)
Net Property, Plant and Equipment 22,310 21,645
NONCURRENT ASSETS    
Regulatory Assets 2,584 2,612
Regulatory Assets of Variable Interest Entities (VIEs) 355 476
Long-Term Investments 1,315 1,313
Nuclear Decommissioning Trust (NDT) Fund 1,777 1,701
Long-Term Receivable of VIE 409 0
Other Special Funds 657 613
Goodwill 16 16
Other Intangibles 90 33
Derivative Contracts 45 [1] 163
Restricted Cash of VIEs 24 24
Other 324 312
Total Noncurrent Assets 7,596 7,263
Total Assets 33,700 32,522
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 844 544
Securitization Debt of VIEs Due Within One Year 251 237
Commercial Paper and Loans 0 60
Accounts Payable 1,104 1,222
Derivative Contracts 88 [1] 76
Accrued Interest 95 95
Accrued Taxes 93 37
Clean Energy Program 200 142
Obligation to Return Cash Collateral 122 119
Regulatory Liabilities 176 43
Other 490 488
Total Current Liabilities 3,463 3,063
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 7,197 7,107
Regulatory Liabilities 169 233
Regulatory Liabilities of VIEs 11 11
Asset Retirement Obligations 697 677
Other Postretirement Benefit (OPEB) Costs 1,077 1,095
OPEB Costs of Servco 314 0
Accrued Pension Costs 122 121
Accrued Pension Costs of Servco 93 0
Clean Energy Program Noncurrent 27 0
Environmental Costs 381 414
Derivative Contracts 36 [1] 31
Long-Term Accrued Taxes 230 180
Other 107 119
Total Noncurrent Liabilities 10,461 9,988
COMMITMENTS AND CONTINGENT LIABILITIES      
LONG-TERM DEBT    
Long-Term Debt 7,782 7,587
Securitization Debt of VIEs 134 259
Project Level, Non-Recourse Debt 16 16
Total Long-Term Debt 7,932 7,862
STOCKHOLDER'S EQUITY    
Common Stock 4,865 4,861
Treasury Stock, at cost (630) (615)
Retained Earnings 7,681 7,457
Accumulated Other Comprehensive Income (Loss) (73) (95)
Total Common Stockholders' Equity 11,843 11,608
Noncontrolling Interest 1 1
Total Stockholder's Equity 11,844 11,609
Total Capitalization 19,776 19,471
TOTAL LIABILITIES AND CAPITALIZATION 33,700 32,522
Power [Member]
   
CURRENT ASSETS    
Cash and Cash Equivalents 6 6
Accounts Receivable, net of allowances 408 338
Accounts Receivable-Affiliated Companies, net 102 333
Short-Term Loan to Affiliate 740 790
Fuel 426 545
Materials and Supplies, net 349 362
Prepayments 13 13
Derivative Contracts 55 [1] 57 [1]
Deferred Income Taxes 78 30
Other 2 2
Total Current Assets 2,179 2,476
PROPERTY, PLANT AND EQUIPMENT 10,458 10,278
Less: Accumulated Depreciation and Amortization (3,153) (2,911)
Net Property, Plant and Equipment 7,305 7,367
NONCURRENT ASSETS    
Long-Term Investments 121 123
Nuclear Decommissioning Trust (NDT) Fund 1,777 1,701
Other Special Funds 154 139
Goodwill 16 16
Other Intangibles 90 33
Derivative Contracts 9 [1] 72 [1]
Other 80 75
Total Noncurrent Assets 2,247 2,159
Total Assets 11,731 12,002
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 44 44
Accounts Payable 461 516
Derivative Contracts 88 [1] 76 [1]
Accrued Interest 27 28
Other 193 136
Total Current Liabilities 813 800
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 2,046 2,031
Asset Retirement Obligations 411 400
Other Postretirement Benefit (OPEB) Costs 212 206
Accrued Pension Costs 35 35
Derivative Contracts 36 [1] 31 [1]
Long-Term Accrued Taxes 88 53
Other 72 91
Total Noncurrent Liabilities 2,900 2,847
COMMITMENTS AND CONTINGENT LIABILITIES      
LONG-TERM DEBT    
Total Long-Term Debt 2,498 2,497
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 4,336 4,693
Accumulated Other Comprehensive Income (Loss) (44) (63)
Total Stockholder's Equity 5,520 5,858
TOTAL LIABILITIES AND CAPITALIZATION 11,731 12,002
PSE And G [Member]
   
CURRENT ASSETS    
Cash and Cash Equivalents 257 18
Accounts Receivable, net of allowances 846 832
Unbilled Revenues 238 300
Materials and Supplies, net 126 115
Prepayments 186 24
Derivative Contracts 2 25
Deferred Income Taxes 18 16
Regulatory Assets 229 243
Other 7 12
Total Current Assets 1,909 1,585
PROPERTY, PLANT AND EQUIPMENT 19,889 19,071
Less: Accumulated Depreciation and Amortization (5,048) (4,964)
Net Property, Plant and Equipment 14,841 14,107
NONCURRENT ASSETS    
Regulatory Assets 2,584 2,612
Regulatory Assets of Variable Interest Entities (VIEs) 355 476
Long-Term Investments 360 361
Other Special Funds 374 354
Derivative Contracts 20 69
Restricted Cash of VIEs 24 24
Other 146 132
Total Noncurrent Assets 3,863 4,028
Total Assets 20,613 19,720
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 800 500
Securitization Debt of VIEs Due Within One Year 251 237
Commercial Paper and Loans 0 60
Accounts Payable 491 535
Accounts Payable-Affiliated Companies, net 93 190
Accrued Interest 67 67
Deferred Income Taxes 0 30
Clean Energy Program 200 142
Obligation to Return Cash Collateral 122 119
Regulatory Liabilities 176 43
Other 287 314
Total Current Liabilities 2,487 2,237
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 4,522 4,406
Regulatory Liabilities 169 233
Regulatory Liabilities of VIEs 11 11
Asset Retirement Obligations 282 274
Other Postretirement Benefit (OPEB) Costs 814 839
Accrued Pension Costs 26 27
Clean Energy Program Noncurrent 27 0
Environmental Costs 330 363
Long-Term Accrued Taxes 63 72
Other 58 47
Total Noncurrent Liabilities 6,302 6,272
COMMITMENTS AND CONTINGENT LIABILITIES      
LONG-TERM DEBT    
Long-Term Debt 5,264 5,066
Securitization Debt of VIEs 134 259
Total Long-Term Debt 5,398 5,325
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 695 520
Basis Adjustment 986 986
Retained Earnings 3,852 3,487
Accumulated Other Comprehensive Income (Loss) 1 1
Total Stockholder's Equity 6,426 5,886
Total Capitalization 11,824 11,211
TOTAL LIABILITIES AND CAPITALIZATION $ 20,613 $ 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 June 30, 2014 and December 31, 2013. PSE&G does not have any derivative contracts subject to master netting or similar agreements.