XML 85 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Pension, OPEB and Savings Plans (Tables)
12 Months Ended
Dec. 31, 2017
Defined Benefit Plan [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The following table provides a roll-forward of the changes in the benefit obligation and the fair value of plan assets during each of the two years in the periods ended December 31, 2017 and 2016. It also provides the funded status of the plans and the amounts recognized and amounts not recognized on the Consolidated Balance Sheets at the end of both years.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Other Benefits
 
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
Millions
 
 
Change in Benefit Obligation
 
 
 
 
 
 
 
 
 
 
Benefit Obligation at Beginning of Year (A)
 
$
5,772

 
$
5,522

 
$
1,754

 
$
1,612

 
 
Service Cost
 
114

 
109

 
17

 
17

 
 
Interest Cost
 
204

 
202

 
63

 
59

 
 
Actuarial (Gain) Loss
 
564

 
219

 
199

 
127

 
 
Gross Benefits Paid
 
(295
)
 
(282
)
 
(57
)
 
(57
)
 
 
Plan Amendments
 

 
2

 

 
(4
)
 
 
Benefit Obligation at End of Year (A)
 
$
6,359

 
$
5,772

 
$
1,976

 
$
1,754

 
 
Change in Plan Assets
 
 
 
 
 
 
 
 
 
 
Fair Value of Assets at Beginning of Year
 
$
5,193

 
$
5,039

 
$
420

 
$
374

 
 
Actual Return on Plan Assets
 
903

 
403

 
77

 
32

 
 
Employer Contributions
 
11

 
33

 
71

 
71

 
 
Gross Benefits Paid
 
(295
)
 
(282
)
 
(57
)
 
(57
)
 
 
Fair Value of Assets at End of Year
 
$
5,812

 
$
5,193

 
$
511

 
$
420

 
 
Funded Status
 
 
 
 
 
 
 
 
 
 
Funded Status (Plan Assets less Benefit Obligation)
 
$
(547
)
 
$
(579
)
 
$
(1,465
)
 
$
(1,334
)
 
 
Additional Amounts Recognized in the Consolidated Balance Sheets
 
 
 
 
 
 
 
 
 
 
Current Accrued Benefit Cost
 
(10
)
 
(11
)
 
(10
)
 
(10
)
 
 
Noncurrent Accrued Benefit Cost
 
(537
)
 
(568
)
 
(1,455
)
 
(1,324
)
 
 
Amounts Recognized
 
$
(547
)
 
$
(579
)
 
$
(1,465
)
 
$
(1,334
)
 
 
Additional Amounts Recognized in Accumulated Other Comprehensive Income (Loss), Regulated Assets and Deferred Assets (B)
 
 
 
 
Prior Service Cost
 
$
(46
)
 
$
(63
)
 
$
(3
)
 
$
(14
)
 
 
Net Actuarial Loss
 
1,721

 
1,763

 
629

 
523

 
 
Total
 
$
1,675

 
$
1,700

 
$
626

 
$
509

 
 
 
 
 
 
 
 
 
 
 
 
(A)
Represents projected benefit obligation for pension benefits and the accumulated postretirement benefit obligation for other benefits. The vested benefit obligation is the actuarial present value of the vested benefits to which the employee is currently entitled but based on the employee’s expected date of separation of retirement.
(B)
Includes $683 million ($406 million, after-tax) and $679 million ($398 million, after-tax) in Accumulated Other Comprehensive Loss related to Pension and OPEB as of December 31, 2017 and 2016, respectively. Also includes Regulatory Assets of $1,485 million and Deferred Assets of $133 million as of December 31, 2017 and Regulatory Assets of $1,396 million and Deferred Assets of $134 million as of December 31, 2016.
The following table provides a roll-forward of the changes in Servco’s benefit obligation and the fair value of its plan assets during the years ended December 31, 2017 and 2016. It also provides the funded status of the plans and the amounts recognized and amounts not recognized on the Consolidated Balance Sheets at the end of both years.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Other Benefits
 
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
Millions
 
 
Change in Benefit Obligation
 
 
 
 
 
 
 
 
 
 
Benefit Obligation at Beginning of Year
 
$
262

 
$
211

 
$
452

 
$
375

 
 
Service Cost
 
27

 
24

 
15

 
12

 
 
Interest Cost
 
11

 
9

 
19

 
17

 
 
Actuarial (Gain) Loss
 
22

 
14

 
60

 
50

 
 
Gross Benefits Paid
 
(2
)
 
(1
)
 
(4
)
 
(2
)
 
 
Plan Amendments
 

 
5

 

 

 
 
Benefit Obligation at End of Year (A)
 
$
320

 
$
262

 
$
542

 
$
452

 
 
Change in Plan Assets
 
 
 
 
 
 
 
 
 
 
Fair Value of Assets at Beginning of Year
 
$
134

 
$
97

 
$

 
$

 
 
Actual Return on Plan Assets
 
24

 
10

 

 

 
 
Employer Contributions
 
35

 
28

 
4

 
2

 
 
Gross Benefits Paid
 
(2
)
 
(1
)
 
(4
)
 
(2
)
 
 
Fair Value of Assets at End of Year
 
$
191

 
$
134

 
$

 
$

 
 
Funded Status
 
 
 
 
 
 
 
 
 
 
Funded Status (Plan Assets less Benefit Obligation)
 
$
(129
)
 
$
(128
)
 
$
(542
)
 
$
(452
)
 
 
Additional Amounts Recognized in the Consolidated Balance Sheets
 
 
 
 
 
 
 
 
 
 
Accrued Pension Costs of Servco
 
$
(129
)
 
$
(128
)
 
N/A

 
N/A

 
 
OPEB Costs of Servco
 
N/A

 
N/A

 
(542
)
 
(452
)
 
 
Amounts Recognized (B)
 
$
(129
)
 
$
(128
)
 
$
(542
)
 
$
(452
)
 
 
 
 
 
 
 
 
 
 
 
 
(A)
Represents projected benefit obligation for pension benefits and the accumulated postretirement benefit obligation for other benefits. The vested benefit obligation is the actuarial present value of the vested benefits to which the employee is currently entitled but based on the employee’s expected date of separation of retirement.
(B)
Amounts equal to the accrued pension and OPEB costs of Servco are offset in Long-Term Receivable of VIE on PSEG’s Consolidated Balance Sheets.
Components Of Net Periodic Benefit Cost
The following table provides the components of net periodic benefit cost for the years ended December 31, 2017, 2016 and 2015.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits Years Ended December 31,
 
Other Benefits Years Ended December 31,
 
 
 
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
 
 
 
Millions
 
 
Components of Net Periodic Benefit Cost
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service Cost
 
$
114

 
$
109

 
$
123

 
$
17

 
$
17

 
22

 
 
Interest Cost
 
204

 
202

 
234

 
63

 
59

 
67

 
 
Expected Return on Plan Assets
 
(394
)
 
(394
)
 
(414
)
 
(34
)
 
(31
)
 
(31
)
 
 
Amortization of Net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior Service Credit
 
(18
)
 
(19
)
 
(19
)
 
(11
)
 
(14
)
 
(14
)
 
 
Actuarial Loss
 
97

 
158

 
150

 
51

 
40

 
43

 
 
Net Periodic Benefit Cost
 
$
3

 
$
56

 
$
74

 
$
86

 
$
71

 
$
87

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule Of Pension And OPEB Costs
Pension costs and OPEB costs for PSEG, PSE&G and Power are detailed as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
Years Ended December 31,
 
Other Benefits
Years Ended December 31,
 
 
 
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
 
 
 
Millions
 
 
PSE&G
 
$
(4
)
 
$
29

 
$
40

 
$
54

 
$
43

 
$
55

 
 
Power
 
1

 
16

 
21

 
27

 
23

 
27

 
 
Other
 
6

 
11

 
13

 
5

 
5

 
5

 
 
Total Benefit Cost
 
$
3

 
$
56

 
$
74

 
$
86

 
$
71

 
$
87

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The following table provides the pre-tax changes recognized in Accumulated Other Comprehensive Income (Loss), Regulatory Assets and Deferred Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension
 
OPEB
 
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
Millions
 
 
Net Actuarial (Gain) Loss in Current Period
 
$
55

 
$
211

 
$
156

 
$
125

 
 
Amortization of Net Actuarial Gain (Loss)
 
(97
)
 
(158
)
 
(50
)
 
(40
)
 
 
Prior Service Cost (Credit) in current period
 

 
1

 

 
(3
)
 
 
Amortization of Prior Service Credit
 
18

 
19

 
11

 
14

 
 
Total
 
$
(24
)
 
$
73

 
$
117

 
$
96

 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
Amounts that are expected to be amortized from Accumulated Other Comprehensive Loss, Regulatory Assets and Deferred Assets into Net Periodic Benefit Cost in 2018 are as follows:
 
 
 
 
 
 
 
 
 
 
Pension
Benefits
 
Other
Benefits
 
 
 
 
2018
 
2018
 
 
 
 
Millions
 
 
Actuarial Loss
 
$
85

 
$
64

 
 
Prior Service Credit
 
$
(18
)
 
$
(1
)
 
 
 
 
 
 
 
 
Schedule of Assumptions Used
The following assumptions were used to determine the benefit obligations of Servco:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Other Benefits
 
 
 
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
 
Weighted-Average Assumptions Used to Determine Benefit Obligations as of December 31
 
 
 
 
Discount Rate
 
3.90
%
 
4.61
%
 
4.92
%
 
3.96
%
 
4.71
%
 
4.97
%
 
 
Rate of Compensation Increase
 
3.25
%
 
3.25
%
 
3.25
%
 
3.25
%
 
3.25
%
 
3.25
%
 
 
Assumed Health Care Cost Trend Rates as of December 31
 
 
 
 
 
 
 
 
 
 
Health Care Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Immediate Rate
 
 
 
 
 
 
 
7.69
%
 
7.55
%
 
7.55
%
 
 
Ultimate Rate
 
 
 
 
 
 
 
4.75
%
 
4.75
%
 
4.75
%
 
 
Year Ultimate Rate Reached
 
 
 
 
 
 
 
2026

 
2025

 
2025

 
 
 
 
 
 
 
 
 
 
Millions
 
 
Effect of a 1% Increase in the Assumed Rate of Increase in Health Care Benefit Costs
 
 
 
 
Postretirement Benefit Obligation
 
 
 
 
 
 
 
$
131

 
$
97

 
$
75

 
 
Effect of a 1% Decrease in the Assumed Rate of Increase in Health Care Benefit Costs
 
 
 
 
Postretirement Benefit Obligation
 
 
 
 
 
 
 
$
(99
)
 
$
(75
)
 
$
(60
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following assumptions were used to determine the benefit obligations and net periodic benefit costs:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Other Benefits
 
 
 
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
 
Weighted-Average Assumptions Used to Determine Benefit Obligations as of December 31
 
 
 
 
Discount Rate
 
3.73
%
 
4.29
%
 
4.54
%
 
3.76
%
 
4.37
%
 
4.58
%
 
 
Rate of Compensation Increase
 
3.90
%
 
3.61
%
 
3.61
%
 
3.90
%
 
3.61
%
 
3.61
%
 
 
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost for Years Ended December 31
 
 
 
 
Discount Rate
 
4.29
%
 
4.54
%
 
4.20
%
 
4.37
%
 
4.58
%
 
4.21
%
 
 
Service Cost Interest Rate
 
4.53
%
 
4.81
%
 
4.20
%
 
4.64
%
 
4.87
%
 
4.21
%
 
 
Interest Cost Interest Rate
 
3.63
%
 
3.75
%
 
4.20
%
 
3.69
%
 
3.76
%
 
4.21
%
 
 
Expected Return on Plan Assets
 
7.80
%
 
8.00
%
 
8.00
%
 
7.80
%
 
8.00
%
 
8.00
%
 
 
Rate of Compensation Increase
 
3.61
%
 
3.61
%
 
3.61
%
 
3.61
%
 
3.61
%
 
3.61
%
 
 
Assumed Health Care Cost Trend Rates as of December 31
 
 
 
 
 
 
 
 
 
 
Health Care Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Immediate Rate
 
 
 
 
 
 
 
7.93
%
 
7.55
%
 
7.75
%
 
 
Ultimate Rate
 
 
 
 
 
 
 
4.75
%
 
4.75
%
 
4.75
%
 
 
Year Ultimate Rate Reached
 
 
 
 
 
 
 
2026

 
2025

 
2025

 
 
 
 
 
 
 
 
 
 
Millions
 
 
Effect of a 1% Increase in the Assumed Rate of Increase in Health Care Benefit Costs
 
 
 
 
Total of Service Cost and Interest Cost
 
 
 
 
 
 
 
$
13

 
$
11

 
$
12

 
 
Postretirement Benefit Obligation
 
 
 
 
 
 
 
$
240

 
$
191

 
$
194

 
 
Effect of a 1% Decrease in the Assumed Rate of Increase in Health Care Benefit Costs
 
 
 
 
Total of Service Cost and Interest Cost
 
 
 
 
 
 
 
$
(10
)
 
$
(9
)
 
$
(10
)
 
 
Postretirement Benefit Obligation
 
 
 
 
 
 
 
$
(198
)
 
$
(160
)
 
$
(160
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Allocation of Plan Assets
The following table provides the percentage of fair value of total plan assets for each major category of plan assets held for the qualified pension and OPEB plans as of the measurement date, December 31:
 
 
 
 
 
 
 
 
 
 
As of December 31,
 
 
Investments
 
2017
 
2016
 
 
Equity Securities
 
69
%
 
70
%
 
 
Debt Securities
 
29

 
28

 
 
Other Investments
 
2

 
2

 
 
Total Percentage
 
100
%
 
100
%
 
 
 
 
 
 
 
 
The following tables present information about Servco’s investments measured at fair value on a recurring basis as of December 31, 2017 and 2016, including the fair value measurements and the levels of inputs used in determining those fair values.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recurring Fair Value Measurements as of December 31, 2017
 
 
 
 
 
 
Quoted Market Prices
for Identical Assets
 
Significant Other
Observable Inputs
 
Significant
Unobservable Inputs
 
 
Description
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
Millions
 
 
Commingled Equities (A)
 
$
137

 
$

 
$
137

 
$

 
 
Commingled Bonds (A)
 
54

 

 
54

 

 
 
Total
 
$
191

 
$

 
$
191

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recurring Fair Value Measurements as of December 31, 2016
 
 
 
 
 
 
Quoted Market Prices
for Identical Assets
 
Significant Other
Observable Inputs
 
Significant
Unobservable Inputs
 
 
Description
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
Millions
 
 
Commingled Equities (A)

 
$
96

 
$

 
$
96

 
$

 
 
Commingled Bonds (A)

 
38

 

 
38

 

 
 
Total
 
$
134

 
$

 
$
134

 
$

 
 
 
 
 
 
 
 
 
 
 
 
(A)
Investments in commingled equity and bond funds have a readily determinable fair value as they publish a daily NAV available to investors which is the basis for current transactions and contain certain redemption restrictions requiring advance notice of one to two days for withdrawals (Level 2).
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
The following tables present information about the investments measured at fair value on a recurring basis as of December 31, 2017 and 2016, including the fair value measurements and the levels of inputs used in determining those fair values.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recurring Fair Value Measurements as of December 31, 2017
 
 
 
 
 
 
Quoted Market Prices
for Identical Assets
 
Significant Other
Observable Inputs
 
Significant
Unobservable Inputs
 
 
Description
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
Millions
 
 
Cash Equivalents (A)
 
$
133

 
$
117

 
$
16

 
$

 
 
Equity Securities
 


 
 
 
 
 
 
 
 
  Common Stock (B)
 
1,275

 
1,275

 

 

 
 
  Commingled (C)
 
1,401

 
1,218

 
183

 

 
 
  Preferred Stock (B)
 
6

 
6

 

 

 
 
Debt Securities (D)
 


 
 
 
 
 
 
 
 
  U.S. Treasury
 
571

 

 
571

 

 
 
  Government—Other
 
272

 

 
272

 

 
 
  Corporate
 
963

 

 
963

 

 
 
Subtotal Fair Value
 
$
4,621

 
$
2,616

 
$
2,005

 
$

 
 
Measured at net asset value practical expedient
 
 
 
 
 
 
 
 
 
 
Commingled—Equities (E)
 
1,675

 
 
 
 
 
 
 
 
Private Equity (F)
 
14

 
 
 
 
 
 
 
 
Total Fair Value (G)
 
$
6,310

 


 


 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recurring Fair Value Measurements as of December 31, 2016
 
 
 
 
 
 
Quoted Market Prices
for Identical Assets
 
Significant Other
Observable Inputs
 
Significant
Unobservable Inputs
 
 
Description
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
Millions
 
 
Cash Equivalents (A)
 
$
107

 
$
105

 
$
2

 
$

 
 
Equity Securities
 


 
 
 
 
 
 
 
 
  Common Stock (B)
 
944

 
944

 

 

 
 
  Commingled (C)
 
1,387

 
1,247

 
140

 

 
 
  Preferred Stock (B)
 
1

 
1

 

 

 
 
Debt Securities (D)
 


 
 
 
 
 
 
 
 
  U.S. Treasury
 
441

 

 
441

 

 
 
  Government—Other
 
263

 

 
263

 

 
 
  Corporate
 
836

 

 
836

 

 
 
Subtotal Fair Value
 
$
3,979

 
$
2,297

 
$
1,682

 
$

 
 
Measured at net asset value practical expedient
 
 
 
 
 
 
 
 
 
 
Commingled—Equities (E)
 
1,604

 
 
 
 
 
 
 
 
Private Equity (F)
 
16

 
 
 
 
 
 
 
 
Total Fair Value (G)
 
$
5,599

 


 


 


 
 
 
 
 
 
 
 
 
 
 
 
(A)
The Collective Investment Fund publishes a daily net asset value (NAV) which participants may use for daily redemptions without restrictions (Level 1). Certain temporary investments are valued using inputs such as time-to-maturity, coupon rate, quality rating and current yield (Level 2).
(B)
Common stocks and preferred stocks are measured using observable data in active markets and considered Level 1.
(C)
Commingled Funds that allow daily redemption at their daily published NAV without restrictions are classified as Level 1. Commingled Funds that publish daily NAV but with certain near term redemption restrictions which prevent redemption at the published daily NAV are classified as Level 2.
(D)
Debt securities include mainly investment grade corporate and municipal bonds, US Treasury obligations and Federal Agency asset-backed securities with a wide range of maturities. These investments are valued using an evaluated pricing approach that varies by asset class and reflects observable market information such as the most recent exchange price or quoted bid for similar securities. Market-based standard inputs typically include benchmark yields, reported trades, broker/dealer quotes and issuer spreads or the most recent quoted for similar securities which are a Level 2 measure.
(E)
In 2016, as part of the implementation of the accounting guidance on investments measured at fair value using NAV as a practical expedient, certain commingled equity funds have been removed from the fair value hierarchy as they are measured at fair value using the NAV per share (or its equivalent) practical expedient. These funds do not meet the definition of readily determinable fair value due to limitations in published NAV (last business day of the month) and include certain redemption restrictions ranging from five to fifteen days advance notice prior to redemption days and limitations on withdrawals over 25% of the total fund. The objectives of these funds are mainly tracking the S&P Index or achieving long-term growth through investment in foreign equity securities and the MSCI Emerging Markets Index.
(F)
Private equity investments primarily include various limited partnerships that invest in either operating companies through acquisitions or developing a portfolio of non-US distressed investments to maximize total return on capital. These investments are valued at NAV (or its equivalent) on an annual basis and have significant redemption restrictions preventing redemption until fund liquidation and limited ability to sell these investments. Fund liquidation is not expected to occur for several more years. These investments have been removed from the fair value hierarchy in accordance with the guidance on NAV practical expedient.
(G)
Excludes net receivable of $13 million and $14 million at December 31, 2017 and 2016, respectively, which consists of interest, dividends and receivables and payables related to pending securities sales and purchases.
Schedule Of Percentage Of Fair Value Of Total Plan Assets
The following table provides the percentage of fair value of total plan assets for each major category of plan assets held for the qualified pension and OPEB plans of Servco as of the measurement date, December 31:
 
 
 
 
 
 
 
 
 
 
As of December 31,
 
 
Investments
 
2017
 
2016
 
 
Equity Securities
 
72
%
 
71
%
 
 
Debt Securities
 
28

 
29

 
 
Total Percentage
 
100
%
 
100
%
 
 
 
 
 
 
 
 
Schedule of Expected Benefit Payments
The following pension benefit and postretirement benefit payments are expected to be paid to Servco’s plan participants:
 
 
 
 
 
 
 
 
 
Year
 
 
Pension
Benefits
 
Other Benefits
 
 
 
 
 
Millions
 
 
2018
 
 
$
3

 
$
4

 
 
2019
 
 
4

 
6

 
 
2020
 
 
5

 
8

 
 
2021
 
 
7

 
9

 
 
2022
 
 
9

 
12

 
 
2023-2027
 
 
78

 
87

 
 
Total
 
 
$
106

 
$
126

 
 
 
 
 
 
 
 
 
The following pension benefit and postretirement benefit payments are expected to be paid to plan participants.
 
 
 
 
 
 
 
 
 
Year
 
 
Pension
Benefits
 
Other Benefits
 
 
 
 
 
Millions
 
 
2018
 
 
$
337

 
$
88

 
 
2019
 
 
331

 
92

 
 
2020
 
 
341

 
96

 
 
2021
 
 
352

 
101

 
 
2022
 
 
364

 
105

 
 
2023-2027
 
 
1,954

 
560

 
 
Total
 
 
$
3,679

 
$
1,042

 
 
 
 
 
 
 
 
 
Schedule Of Amount Paid For Employer Matching Contributions
The amount paid for employer matching contributions to the plans for PSEG, PSE&G and Power are detailed as follows:
 
 
 
 
 
 
 
 
 
 
 
 
Thrift Plan and Savings Plan
 
 
 
 
Years Ended December 31,
 
 
 
 
2017
 
2016
 
2015
 
 
 
 
Millions
 
 
PSE&G
 
$
25

 
$
24

 
$
22

 
 
Power
 
11

 
12

 
12

 
 
Other
 
5

 
5

 
5

 
 
Total Employer Matching Contributions
 
$
41

 
$
41

 
$
39