Regulatory Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2016

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

PSE&G had the following Regulatory Assets and Liabilities:

	As of December 31,
	2016		2015		Recovery/Refund Period
	Millions
Regulatory Assets
Current
New Jersey Clean Energy Program	$	142	$	142	Annual filing for recovery (2)
Weather Normalization Clause (WNC)	49		10		Annual filing for recovery (2)
Underrecovered Electric Energy Costs—Basic Generation Service	2		11		Annual filing for recovery (1) (2)
Other	6		1		Various
Total Current Regulatory Assets	$	199	$	164
Noncurrent
Pension and OPEB Costs	$	1,403	$	1,270	Various
Deferred Income Taxes	507		467		Various
Manufactured Gas Plant (MGP) Remediation Costs	403		431		Various (2)
Storm Damage Deferrals	239		233		To be determined
Electric Transmission and Gas Cost of Removal	189		160		Through depreciation rates
Remediation Adjustment Charge (RAC) (Other SBC)	180		174		Through 2022 (1) (2)
Conditional Asset Retirement Obligation	157		152		Various
Green Program Recovery Charges (GPRC)	91		104		Various (1) (2)
Unamortized Loss on Reacquired Debt and Debt Expense	61		67		Over remaining debt life
Mark-to-Market (MTM) Contracts	—		63		Through 2017
Other	89		75		Various
Total Noncurrent Regulatory Assets	$	3,319	$	3,196
Total Regulatory Assets	$	3,518	$	3,360

Schedule of Regulatory Liabilities

	As of December 31,
	2016		2015		Recovery/Refund Period
	Millions
Regulatory Liabilities
Current
FERC Formula Rate True-up	$	34	$	19	Annual filing for recovery (1) (2)
GPRC	28		36		Annual filing for recovery (1) (2)
Gas Margin Adjustment Clause	11		13		Annual filing for recovery (1) (2)
Overrecovered Gas Costs —Basic Gas Supply Service	6		1		Annual filing for recovery (1) (2)
Overrecovered Non-Utility Generation Charge (NGC)	5		1		Annual filing for recovery (1) (2)
Societal Benefit Clause (SBC)	4		31		Various (1) (2)
Stranded Costs (including $42 in 2015 related to VIEs)	—		64		Through December 2016 (2)
Total Current Regulatory Liabilities	$	88	$	165
Noncurrent
Electric Distribution Cost of Removal	$	94	$	122	Through depreciation rates
MTM Contracts	20		—		Various
FERC Formula Rate True-up	1		49		Annual filing for recovery (1) (2)
Other	3		4		Various
Total Noncurrent Regulatory Liabilities	$	118	$	175
Total Regulatory Liabilities	$	206	$	340

(1) Recovered/Refunded with interest.

(2) Recoverable/Refundable per specific rate order.