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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and Cash Equivalents $ 592 $ 394
Accounts Receivable, net of allowances 1,107 1,068
Tax Receivable 4 305
Unbilled Revenues 178 197
Fuel 306 463
Materials and Supplies 533 513
Prepayments 89 135
Derivative Contracts 230 242
Regulatory Assets 217 164
Other 7 13
Total Current Assets 3,263 3,494
PROPERTY, PLANT AND EQUIPMENT 36,393 35,494
Less: Accumulated Depreciation and Amortization (9,119) (8,955)
Net Property, Plant and Equipment 27,274 26,539
NONCURRENT ASSETS    
Regulatory Assets 3,150 3,196
Long-Term Investments 1,234 1,233
Nuclear Decommissioning Trust (NDT) Fund 1,778 1,754
Long-Term Tax Receivable 184 171
Long-Term Receivable of Variable Interest Entities (VIEs) 506 495
Other Special Funds 246 227
Goodwill 16 16
Other Intangibles 112 102
Derivative Contracts 133 77
Other 230 231
Total Noncurrent Assets 7,589 7,502
Total Assets 38,126 37,535
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 562 734
Commercial Paper and Loans 12 364
Accounts Payable 1,192 1,369
Derivative Contracts 53 76
Accrued Interest 123 96
Accrued Taxes 155 42
Clean Energy Program 86 142
Obligation to Return Cash Collateral 130 128
Regulatory Liabilities 115 123
Regulatory Liabilities of VIEs 32 42
Other 482 459
Total Current Liabilities 2,942 3,575
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 8,377 8,166
Regulatory Liabilities 177 175
Asset Retirement Obligations 686 679
OPEB Costs 1,205 1,228
OPEB Costs of Servco 382 375
Accrued Pension Costs 458 487
Accrued Pension Costs of Servco 117 114
Environmental Costs 423 415
Derivative Contracts 14 27
Long-Term Accrued Taxes 176 212
Other 174 181
Total Noncurrent Liabilities $ 12,189 $ 12,059
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt $ 9,676 $ 8,834
STOCKHOLDER'S EQUITY    
Common Stock 4,908 4,915
Treasury Stock, at cost (702) (671)
Retained Earnings 9,381 9,117
Accumulated Other Comprehensive Income (Loss) (269) (295)
Total Common Stockholders' Equity 13,318 13,066
Noncontrolling Interest 1 1
Total Stockholder's Equity 13,319 13,067
Total Capitalization 22,995 21,901
TOTAL LIABILITIES AND CAPITALIZATION 38,126 37,535
PSE And G [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 558 198
Accounts Receivable, net of allowances 831 787
Accounts Receivable-Affiliated Companies 3 222
Unbilled Revenues 178 197
Materials and Supplies 154 148
Prepayments 5 31
Derivative Contracts 8 13
Regulatory Assets 217 164
Other 5 9
Total Current Assets 1,959 1,769
PROPERTY, PLANT AND EQUIPMENT 24,347 23,732
Less: Accumulated Depreciation and Amortization (5,584) (5,504)
Net Property, Plant and Equipment 18,763 18,228
NONCURRENT ASSETS    
Regulatory Assets 3,150 3,196
Long-Term Investments 331 330
Other Special Funds 59 49
Derivative Contracts 2 0
Other 108 105
Total Noncurrent Assets 3,650 3,680
Total Assets 24,372 23,677
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 0 171
Commercial Paper and Loans 0 153
Accounts Payable 621 724
Accounts Payable-Affiliated Companies 258 292
Accrued Interest 83 70
Clean Energy Program 86 142
Obligation to Return Cash Collateral 130 128
Regulatory Liabilities 115 123
Regulatory Liabilities of VIEs 32 42
Other 329 297
Total Current Liabilities 1,654 2,142
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,341 5,181
Regulatory Liabilities 177 175
Asset Retirement Obligations 219 218
OPEB Costs 912 937
Accrued Pension Costs 183 202
Environmental Costs 354 365
Derivative Contracts 0 11
Long-Term Accrued Taxes 89 109
Other 116 114
Total Noncurrent Liabilities $ 7,391 $ 7,312
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt $ 7,492 $ 6,650
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 695 695
Basis Adjustment 986 986
Retained Earnings 5,261 4,999
Accumulated Other Comprehensive Income (Loss) 1 1
Total Stockholder's Equity 7,835 7,573
Total Capitalization 15,327 14,223
TOTAL LIABILITIES AND CAPITALIZATION 24,372 23,677
Power [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 16 12
Accounts Receivable, net of allowances 227 217
Accounts Receivable-Affiliated Companies 184 276
Short-Term Loan to Affiliate 672 363
Fuel 306 463
Materials and Supplies 377 363
Prepayments 27 25
Derivative Contracts [1] 218 223
Other 4 7
Total Current Assets 2,031 1,949
PROPERTY, PLANT AND EQUIPMENT 11,690 11,354
Less: Accumulated Depreciation and Amortization (3,364) (3,227)
Net Property, Plant and Equipment 8,326 8,127
NONCURRENT ASSETS    
Long-Term Investments 116 119
Nuclear Decommissioning Trust (NDT) Fund 1,778 1,754
Other Special Funds 61 55
Goodwill 16 16
Other Intangibles 112 102
Derivative Contracts [1] 127 77
Other 50 51
Total Noncurrent Assets 2,260 2,174
Total Assets 12,617 12,250
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 553 553
Accounts Payable 418 432
Accounts Payable-Affiliated Companies 152 33
Derivative Contracts [1] 52 76
Accrued Interest 39 25
Other 98 107
Total Current Liabilities 1,312 1,226
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 2,402 2,347
Asset Retirement Obligations 463 457
OPEB Costs 232 230
Accrued Pension Costs 158 166
Derivative Contracts [1] 14 16
Long-Term Accrued Taxes 38 35
Other 96 87
Total Noncurrent Liabilities $ 3,403 $ 3,338
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt $ 1,685 $ 1,684
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 5,206 5,014
Accumulated Other Comprehensive Income (Loss) (217) (240)
Total Stockholder's Equity 6,217 6,002
TOTAL LIABILITIES AND CAPITALIZATION $ 12,617 $ 12,250
[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, 2016 and December 31, 2015. PSE&G does not have any derivative contracts subject to master netting or similar agreements.