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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and Cash Equivalents $ 271 $ 402
Accounts Receivable, net of allowances 1,199 1,254
Tax Receivable 5 211
Unbilled Revenues 203 284
Fuel 451 538
Materials and Supplies, net 472 484
Prepayments 180 108
Derivative Contracts 162 240
Deferred Income Taxes 23 11
Regulatory Assets 189 323
Regulatory Assets of Consolidated Variable Interest Entity Current 0 249
Restricted Cash of VIEs 26 0
Other 23 15
Total Current Assets 3,204 4,119
PROPERTY, PLANT AND EQUIPMENT 34,625 32,196
Less: Accumulated Depreciation and Amortization (9,020) (8,607)
Net Property, Plant and Equipment 25,605 23,589
NONCURRENT ASSETS    
Regulatory Assets 3,161 3,192
Long-Term Investments 1,235 1,307
Nuclear Decommissioning Trust (NDT) Fund 1,715 1,780
Long-Term Tax Receivable 165 64
Long-Term Receivable of VIE 601 580
Other Special Funds 230 212
Goodwill 16 16
Other Intangibles 122 84
Derivative Contracts 91 77
Restricted Cash of VIEs 0 24
Other 279 289
Total Noncurrent Assets 7,615 7,625
Total Assets 36,424 35,333
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 1,038 624
Securitization Debt of VIEs Due Within One Year 68 259
Commercial Paper 20 0
Accounts Payable 1,046 1,178
Derivative Contracts 70 132
Accrued Interest 123 95
Accrued Taxes 204 21
Deferred Income Taxes 0 173
Clean Energy Program 185 142
Obligation to Return Cash Collateral 126 121
Regulatory Liabilities 208 186
Regulatory Liabilities of Consolidated Variable Interest Entity, Current 3 0
Other 513 547
Total Current Liabilities 3,604 3,478
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 7,672 7,303
Regulatory Liabilities 181 258
Regulatory Liabilities of VIEs 0 39
Asset Retirement Obligations 776 743
Other Postretirement Benefit (OPEB) Costs 1,250 1,277
OPEB Costs of Servco 480 452
Accrued Pension Costs 373 440
Accrued Pension Costs of Servco 118 126
Environmental Costs 438 417
Derivative Contracts 23 33
Long-Term Accrued Taxes 287 208
Other 156 112
Total Noncurrent Liabilities $ 11,754 $ 11,408
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt $ 8,132 $ 8,261
STOCKHOLDER'S EQUITY    
Common Stock 4,894 4,876
Treasury Stock, at cost (667) (635)
Retained Earnings 9,005 8,227
Accumulated Other Comprehensive Income (Loss) (299) (283)
Total Common Stockholders' Equity 12,933 12,185
Noncontrolling Interest 1 1
Total Stockholder's Equity 12,934 12,186
Total Capitalization 21,066 20,447
TOTAL LIABILITIES AND CAPITALIZATION 36,424 35,333
PSE And G [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 14 310
Accounts Receivable, net of allowances 938 864
Accounts Receivable-Affiliated Companies 7 274
Unbilled Revenues 203 284
Materials and Supplies, net 146 133
Prepayments 109 42
Derivative Contracts 4 18
Deferred Income Taxes 47 24
Regulatory Assets 189 323
Regulatory Assets of Consolidated Variable Interest Entity Current 0 249
Restricted Cash of VIEs 26 0
Other 17 7
Total Current Assets 1,700 2,528
PROPERTY, PLANT AND EQUIPMENT 22,940 21,103
Less: Accumulated Depreciation and Amortization (5,419) (5,183)
Net Property, Plant and Equipment 17,521 15,920
NONCURRENT ASSETS    
Regulatory Assets 3,161 3,192
Long-Term Investments 335 348
Other Special Funds 52 53
Derivative Contracts 0 8
Restricted Cash of VIEs 0 24
Other 140 150
Total Noncurrent Assets 3,688 3,775
Total Assets 22,909 22,223
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 171 300
Securitization Debt of VIEs Due Within One Year 68 259
Commercial Paper 20 0
Accounts Payable 567 574
Accounts Payable-Affiliated Companies 208 379
Accrued Interest 80 68
Deferred Income Taxes 0 165
Clean Energy Program 185 142
Obligation to Return Cash Collateral 126 121
Regulatory Liabilities 208 186
Regulatory Liabilities of Consolidated Variable Interest Entity, Current 3 0
Other 357 381
Total Current Liabilities 1,993 2,575
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 4,896 4,575
Regulatory Liabilities 181 258
Regulatory Liabilities of VIEs 0 39
Asset Retirement Obligations 304 290
Other Postretirement Benefit (OPEB) Costs 929 967
Accrued Pension Costs 131 173
Environmental Costs 387 364
Derivative Contracts 7 0
Long-Term Accrued Taxes 165 116
Other 58 67
Total Noncurrent Liabilities $ 7,058 $ 6,849
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt $ 6,441 $ 6,012
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 695 695
Basis Adjustment 986 986
Retained Earnings 4,843 4,212
Accumulated Other Comprehensive Income (Loss) 1 2
Total Stockholder's Equity 7,417 6,787
Total Capitalization 13,858 12,799
TOTAL LIABILITIES AND CAPITALIZATION 22,909 22,223
Power [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 15 9
Accounts Receivable, net of allowances 218 334
Accounts Receivable-Affiliated Companies 158 313
Tax Receivable 3 3
Short-Term Loan to Affiliate 865 584
Fuel 451 538
Materials and Supplies, net 324 350
Prepayments 36 17
Derivative Contracts [1] 147 207
Other 7 4
Total Current Assets 2,224 2,359
PROPERTY, PLANT AND EQUIPMENT 11,273 10,732
Less: Accumulated Depreciation and Amortization (3,366) (3,217)
Net Property, Plant and Equipment 7,907 7,515
NONCURRENT ASSETS    
Long-Term Investments 116 121
Nuclear Decommissioning Trust (NDT) Fund 1,715 1,780
Other Special Funds 56 49
Goodwill 16 16
Other Intangibles 122 84
Derivative Contracts [1] 91 62
Other 67 60
Total Noncurrent Assets 2,183 2,172
Total Assets 12,314 12,046
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 853 300
Accounts Payable 315 424
Accounts Payable-Affiliated Companies 117 118
Derivative Contracts [1] 70 132
Accrued Interest 43 27
Deferred Income Taxes 44 43
Other 132 140
Total Current Liabilities 1,574 1,184
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 2,148 2,065
Asset Retirement Obligations 469 450
Other Postretirement Benefit (OPEB) Costs 258 248
Accrued Pension Costs 134 153
Derivative Contracts [1] 16 33
Long-Term Accrued Taxes 54 41
Other 121 71
Total Noncurrent Liabilities $ 3,200 $ 3,061
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt $ 1,691 $ 2,243
STOCKHOLDER'S EQUITY    
Contributed Capital 2,215 2,214
Basis Adjustment (986) (986)
Retained Earnings 4,865 4,558
Accumulated Other Comprehensive Income (Loss) (245) (228)
Total Stockholder's Equity 5,849 5,558
TOTAL LIABILITIES AND CAPITALIZATION $ 12,314 $ 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 September 30, 2015 and December 31, 2014. PSE&G does not have any derivative contracts subject to master netting or similar agreements.