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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and Cash Equivalents $ 648 $ 394
Accounts Receivable, net of allowances 988 1,068
Tax Receivable 4 305
Unbilled Revenues 202 197
Fuel 351 463
Materials and Supplies 554 513
Prepayments 271 135
Derivative Contracts 152 242
Regulatory Assets 310 164
Other 9 13
Total Current Assets 3,489 3,494
PROPERTY, PLANT AND EQUIPMENT 37,285 35,494
Less: Accumulated Depreciation and Amortization (9,271) (8,955)
Net Property, Plant and Equipment 28,014 26,539
NONCURRENT ASSETS    
Regulatory Assets 3,120 3,196
Long-Term Investments 1,218 1,233
Nuclear Decommissioning Trust (NDT) Fund 1,797 1,754
Long-Term Tax Receivable 183 171
Long-Term Receivable of Variable Interest Entities (VIEs) 513 495
Other Special Funds 246 227
Goodwill 16 16
Other Intangibles 131 102
Derivative Contracts 76 77
Other 242 231
Total Noncurrent Assets 7,542 7,502
Total Assets 39,045 37,535
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 662 734
Commercial Paper and Loans 0 364
Accounts Payable 1,308 1,369
Derivative Contracts 20 76
Accrued Interest 103 96
Accrued Taxes 107 42
Clean Energy Program 200 142
Obligation to Return Cash Collateral 128 128
Regulatory Liabilities 74 123
Regulatory Liabilities of VIEs 22 42
Other 496 459
Total Current Liabilities 3,120 3,575
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 8,545 8,166
Regulatory Liabilities 165 175
Asset Retirement Obligations 693 679
OPEB Costs 1,199 1,228
OPEB Costs of Servco 389 375
Accrued Pension Costs 429 487
Accrued Pension Costs of Servco 118 114
Clean Energy Program Noncurrent 27 0
Environmental Costs 402 415
Derivative Contracts 14 27
Long-Term Accrued Taxes 171 212
Other 181 181
Total Noncurrent Liabilities 12,333 12,059
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 10,273 8,834
STOCKHOLDER'S EQUITY    
Common Stock 4,919 4,915
Treasury Stock, at cost (709) (671)
Retained Earnings 9,360 9,117
Accumulated Other Comprehensive Income (Loss) (252) (295)
Total Common Stockholders' Equity 13,318 13,066
Noncontrolling Interest 1 1
Total Stockholder's Equity 13,319 13,067
Total Capitalization 23,592 21,901
TOTAL LIABILITIES AND CAPITALIZATION 39,045 37,535
PSE And G [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 168 198
Accounts Receivable, net of allowances 736 787
Accounts Receivable-Affiliated Companies 0 222
Unbilled Revenues 202 197
Materials and Supplies 162 148
Prepayments 196 31
Derivative Contracts 0 13
Regulatory Assets 310 164
Other 8 9
Total Current Assets 1,782 1,769
PROPERTY, PLANT AND EQUIPMENT 24,976 23,732
Less: Accumulated Depreciation and Amortization (5,627) (5,504)
Net Property, Plant and Equipment 19,349 18,228
NONCURRENT ASSETS    
Regulatory Assets 3,120 3,196
Long-Term Investments 316 330
Other Special Funds 57 49
Other 113 105
Total Noncurrent Assets 3,606 3,680
Total Assets 24,737 23,677
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 100 171
Commercial Paper and Loans 0 153
Accounts Payable 680 724
Accounts Payable-Affiliated Companies 179 292
Derivative Contracts 2 0
Accrued Interest 73 70
Clean Energy Program 200 142
Obligation to Return Cash Collateral 127 128
Regulatory Liabilities 74 123
Regulatory Liabilities of VIEs 22 42
Other 339 297
Total Current Liabilities 1,796 2,142
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,503 5,181
Regulatory Liabilities 165 175
Asset Retirement Obligations 220 218
OPEB Costs 904 937
Accrued Pension Costs 165 202
Clean Energy Program Noncurrent 27 0
Environmental Costs 336 365
Derivative Contracts 0 11
Long-Term Accrued Taxes 99 109
Other 113 114
Total Noncurrent Liabilities 7,532 7,312
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 7,394 6,650
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 695 695
Basis Adjustment 986 986
Retained Earnings 5,440 4,999
Accumulated Other Comprehensive Income (Loss) 2 1
Total Stockholder's Equity 8,015 7,573
Total Capitalization 15,409 14,223
TOTAL LIABILITIES AND CAPITALIZATION 24,737 23,677
Power [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 16 12
Accounts Receivable, net of allowances 202 217
Accounts Receivable-Affiliated Companies 94 276
Short-Term Loan to Affiliate 1,335 363
Fuel 351 463
Materials and Supplies 389 363
Prepayments 7 25
Derivative Contracts [1] 150 223
Other 4 7
Total Current Assets 2,548 1,949
PROPERTY, PLANT AND EQUIPMENT 11,969 11,354
Less: Accumulated Depreciation and Amortization (3,491) (3,227)
Net Property, Plant and Equipment 8,478 8,127
NONCURRENT ASSETS    
Long-Term Investments 112 119
Nuclear Decommissioning Trust (NDT) Fund 1,797 1,754
Other Special Funds 60 55
Goodwill 16 16
Other Intangibles 131 102
Derivative Contracts [1] 76 77
Other 60 51
Total Noncurrent Assets 2,252 2,174
Total Assets 13,278 12,250
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 553 553
Accounts Payable 466 432
Accounts Payable-Affiliated Companies 102 33
Derivative Contracts [1] 17 76
Accrued Interest 29 25
Other 96 107
Total Current Liabilities 1,263 1,226
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 2,418 2,347
Asset Retirement Obligations 470 457
OPEB Costs 234 230
Accrued Pension Costs 151 166
Derivative Contracts [1] 14 16
Long-Term Accrued Taxes 22 35
Other 104 87
Total Noncurrent Liabilities 3,413 3,338
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 2,380 1,684
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 5,195 5,014
Accumulated Other Comprehensive Income (Loss) (201) (240)
Total Stockholder's Equity 6,222 6,002
TOTAL LIABILITIES AND CAPITALIZATION $ 13,278 $ 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 June 30, 2016 and December 31, 2015. PSE&G does not have any derivative contracts subject to master netting or similar agreements.