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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and Cash Equivalents $ 597 $ 402
Accounts Receivable, net of allowances 1,126 1,254
Tax Receivable 23 211
Unbilled Revenues 247 284
Fuel 358 538
Materials and Supplies, net 466 484
Prepayments 272 108
Derivative Contracts 155 240
Deferred Income Taxes 0 11
Regulatory Assets 235 323
Regulatory Assets of Consolidated Variable Interest Entity Current 123 249
Other 25 15
Total Current Assets 3,627 4,119
PROPERTY, PLANT AND EQUIPMENT 33,603 32,196
Less: Accumulated Depreciation and Amortization (8,796) (8,607)
Net Property, Plant and Equipment 24,807 23,589
NONCURRENT ASSETS    
Regulatory Assets 3,170 3,192
Long-Term Investments 1,273 1,307
Nuclear Decommissioning Trust (NDT) Fund 1,792 1,780
Long-Term Tax Receivable 165 64
Long-Term Receivable of VIE 602 580
Other Special Funds 234 212
Goodwill 16 16
Other Intangibles 101 84
Derivative Contracts 107 77
Restricted Cash of VIEs 25 24
Other 293 289
Total Noncurrent Assets 7,778 7,625
Total Assets 36,212 35,333
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 491 624
Securitization Debt of VIEs Due Within One Year 134 259
Accounts Payable 1,156 1,178
Derivative Contracts 72 132
Accrued Interest 96 95
Accrued Taxes 148 21
Deferred Income Taxes 14 173
Clean Energy Program 200 142
Obligation to Return Cash Collateral 128 121
Regulatory Liabilities 143 186
Other 525 547
Total Current Liabilities 3,107 3,478
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 7,578 7,303
Regulatory Liabilities 176 258
Regulatory Liabilities of VIEs 47 39
Asset Retirement Obligations 765 743
Other Postretirement Benefit (OPEB) Costs 1,254 1,277
OPEB Costs of Servco 471 452
Accrued Pension Costs 392 440
Accrued Pension Costs of Servco 128 126
Clean Energy Program 27 0
Environmental Costs 421 417
Derivative Contracts 24 33
Long-Term Accrued Taxes 282 208
Other 143 112
Total Noncurrent Liabilities $ 11,708 $ 11,408
COMMITMENTS AND CONTINGENT LIABILITIES    
LONG-TERM DEBT    
Total Long-Term Debt $ 8,689 $ 8,261
STOCKHOLDER'S EQUITY    
Common Stock 4,883 4,876
Treasury Stock, at cost (663) (635)
Retained Earnings 8,764 8,227
Accumulated Other Comprehensive Income (Loss) (277) (283)
Total Common Stockholders' Equity 12,707 12,185
Noncontrolling Interest 1 1
Total Stockholder's Equity 12,708 12,186
Total Capitalization 21,397 20,447
TOTAL LIABILITIES AND CAPITALIZATION 36,212 35,333
PSE And G [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 166 310
Accounts Receivable, net of allowances 848 864
Accounts Receivable-Affiliated Companies 52 274
Unbilled Revenues 247 284
Materials and Supplies, net 143 133
Prepayments 204 42
Derivative Contracts 5 18
Deferred Income Taxes 0 24
Regulatory Assets 235 323
Regulatory Assets of Consolidated Variable Interest Entity Current 123 249
Other 7 7
Total Current Assets 2,030 2,528
PROPERTY, PLANT AND EQUIPMENT 22,274 21,103
Less: Accumulated Depreciation and Amortization (5,336) (5,183)
Net Property, Plant and Equipment 16,938 15,920
NONCURRENT ASSETS    
Regulatory Assets 3,170 3,192
Long-Term Investments 346 348
Other Special Funds 54 53
Derivative Contracts 0 8
Restricted Cash of VIEs 25 24
Other 158 150
Total Noncurrent Assets 3,753 3,775
Total Assets 22,721 22,223
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 171 300
Securitization Debt of VIEs Due Within One Year 134 259
Accounts Payable 612 574
Accounts Payable-Affiliated Companies 215 379
Accrued Interest 68 68
Deferred Income Taxes 13 165
Clean Energy Program 200 142
Obligation to Return Cash Collateral 128 121
Regulatory Liabilities 143 186
Other 358 381
Total Current Liabilities 2,042 2,575
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 4,810 4,575
Regulatory Liabilities 176 258
Regulatory Liabilities of VIEs 47 39
Asset Retirement Obligations 299 290
Other Postretirement Benefit (OPEB) Costs 936 967
Accrued Pension Costs 144 173
Clean Energy Program 27 0
Environmental Costs 370 364
Long-Term Accrued Taxes 161 116
Other 74 67
Total Noncurrent Liabilities $ 7,044 $ 6,849
COMMITMENTS AND CONTINGENT LIABILITIES    
LONG-TERM DEBT    
Total Long-Term Debt $ 6,440 $ 6,012
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 695 695
Basis Adjustment 986 986
Retained Earnings 4,621 4,212
Accumulated Other Comprehensive Income (Loss) 1 2
Total Stockholder's Equity 7,195 6,787
Total Capitalization 13,635 12,799
TOTAL LIABILITIES AND CAPITALIZATION 22,721 22,223
Power [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 12 9
Accounts Receivable, net of allowances 235 334
Accounts Receivable-Affiliated Companies 158 313
Tax Receivable 3 3
Short-Term Loan to Affiliate 950 584
Fuel 358 538
Materials and Supplies, net 321 350
Prepayments 22 17
Derivative Contracts [1] 139 207
Other 13 4
Total Current Assets 2,211 2,359
PROPERTY, PLANT AND EQUIPMENT 10,942 10,732
Less: Accumulated Depreciation and Amortization (3,235) (3,217)
Net Property, Plant and Equipment 7,707 7,515
NONCURRENT ASSETS    
Long-Term Investments 116 121
Nuclear Decommissioning Trust (NDT) Fund 1,792 1,780
Other Special Funds 57 49
Goodwill 16 16
Other Intangibles 101 84
Derivative Contracts [1] 103 62
Other 63 60
Total Noncurrent Assets 2,248 2,172
Total Assets 12,166 12,046
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 300 300
Accounts Payable 387 424
Accounts Payable-Affiliated Companies 128 118
Derivative Contracts [1] 72 132
Accrued Interest 27 27
Deferred Income Taxes 22 43
Other 141 140
Total Current Liabilities 1,077 1,184
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 2,152 2,065
Asset Retirement Obligations 462 450
Other Postretirement Benefit (OPEB) Costs 254 248
Accrued Pension Costs 139 153
Derivative Contracts [1] 24 33
Long-Term Accrued Taxes 56 41
Other 94 71
Total Noncurrent Liabilities $ 3,181 $ 3,061
COMMITMENTS AND CONTINGENT LIABILITIES    
LONG-TERM DEBT    
Total Long-Term Debt $ 2,244 $ 2,243
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 4,659 4,558
Accumulated Other Comprehensive Income (Loss) (223) (228)
Total Stockholder's Equity 5,664 5,558
TOTAL LIABILITIES AND CAPITALIZATION $ 12,166 $ 12,046
[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, 2015 and December 31, 2014. PSE&G does not have any derivative contracts subject to master netting or similar agreements.