Regulatory Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

PSE&G had the following Regulatory Assets and Liabilities:

	As of December 31,
	2015		2014		Recovery/Refund Period
	Millions
Regulatory Assets
Current
New Jersey Clean Energy Program	$	142	$	142	Annual filing for recovery (2)
Stranded Costs (including $249 in 2014 related to VIEs)	—		412		Through December 2015 (2)
Underrecovered Electric Energy Costs—Basic Generation Service	11		—		Annual filing for recovery (1) (2)
Weather Normalization Clause (WNC)	10		—		Annual filing for recovery (2)
Solar and Energy Efficiency Recovery Charges (Green Program Recovery Charges (GPRC))	1		13		Annual filing for recovery (1) (2)
Other	—		5		Various
Total Current Regulatory Assets	$	164	$	572
Noncurrent
Pension and OPEB Costs	$	1,270	$	1,265	Various
Deferred Income Taxes	467		473		Various
Manufactured Gas Plant (MGP) Remediation Costs	431		434		Various (2)
Storm Damage Deferrals	233		245		To be determined
Remediation Adjustment Charge (RAC) (Other SBC)	174		164		Through 2022 (1) (2)
Conditional Asset Retirement Obligation	152		138		Various
Electric Transmission Cost of Removal	133		91		Through depreciation rates
GPRC	104		134		Various (1) (2)
Unamortized Loss on Reacquired Debt and Debt Expense	67		74		Over remaining debt life
Mark-to-Market (MTM) Contracts	63		75		Through 2017
Other	102		99		Various
Total Noncurrent Regulatory Assets	$	3,196	$	3,192
Total Regulatory Assets	$	3,360	$	3,764

Schedule of Regulatory Liabilities

	As of December 31,
	2015		2014		Recovery/Refund Period
	Millions
Regulatory Liabilities
Current
Stranded Costs (including $42 in 2015 related to VIEs)	$	64	$	—	Through December 2016 (2)
GPRC	36		6		Annual filing for recovery (1) (2)
Societal Benefit Clause (SBC)	31		13		Various (1) (2)
FERC Formula Rate True-up	19		—		Annual filing for recovery (1) (2)
Gas Margin Adjustment Clause	13		28		Annual filing for recovery (1) (2)
Overrecovered Gas Costs —Basic Gas Supply Service	1		46		Annual filing for recovery (1) (2)
WNC	—		31		Annual filing for recovery (2)
Deferred Income Taxes	—		28		Various
Overrecovered Electric Energy Costs— Basic Generation Service	—		21		Annual filing for recovery (1) (2)
Overrecovered Non-Utility Generation Charge (NGC)	1		13		Annual filing for recovery (1) (2)
Total Current Regulatory Liabilities	$	165	$	186
Noncurrent
Electric Distribution Cost of Removal	$	122	$	133	Through depreciation rates
FERC Formula Rate True-up	49		26		Annual filing for recovery (1) (2)
Stranded Costs (including $39 in 2014 related to VIEs)	—		134		Through December 2016 (2)
Other	4		4		Various
Total Noncurrent Regulatory Liabilities	$	175	$	297
Total Regulatory Liabilities	$	340	$	483

(1) Recovered/Refunded with interest.

(2) Recoverable/Refundable per specific rate order.