Earnings Per Share (EPS) and Dividends (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Basic And Diluted Earnings Per Share Computation

The following table shows the effect of these stock options, performance units and restricted stock units on the weighted average number of shares outstanding used in calculating diluted EPS:

	Three Months Ended June 30,								Six Months Ended June 30,
	2017				2016				2017				2016
	Basic		Diluted		Basic		Diluted		Basic		Diluted		Basic		Diluted
EPS Numerator (Millions):
Net Income	$	109	$	109	$	187	$	187	$	223	$	223	$	658	$	658
EPS Denominator (Millions):
Weighted Average Common Shares Outstanding	505		505		505		505		505		505		505		505
Effect of Stock Based Compensation Awards	—		2		—		3		—		2		—		3
Total Shares	505		507		505		508		505		507		505		508
EPS
Net Income	$	0.22	$	0.22	$	0.37	$	0.37	$	0.44	$	0.44	$	1.30	$	1.30

There were approximately 0.3 million of stock options excluded from the weighted average common shares used for diluted EPS due to their antidilutive effect for each of the three month and six month periods ended June 30, 2017 and June 30, 2016.

Dividend Payments On Common Stock

Dividends

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Dividend Payments on Common Stock	2017		2016		2017		2016
Per Share	$	0.43	$	0.41	$	0.86	$	0.82
In Millions	$	217	$	208	$	435	$	415

On July 18, 2017, PSEG’s Board of Directors approved a $0.43 per share common stock dividend for the third quarter of 2017.