Debt and Credit Facilities

3 Months Ended

Mar. 31, 2018

Short-Term Liquidity

PSEG meets its short-term liquidity requirements, as well as those of Power, primarily with cash and through the issuance of commercial paper. PSE&G maintains its own separate commercial paper program to meet its short-term liquidity requirements. Each commercial paper program is fully back-stopped by its own separate credit facilities.

The commitments under the $4.2 billion credit facilities are provided by a diverse bank group. As of March 31, 2018, the total available credit capacity was $3.4 billion.

As of March 31, 2018, no single institution represented more than 8% of the total commitments in the credit facilities.

As of March 31, 2018, total credit capacity was in excess of the total anticipated maximum liquidity requirements over PSEG’s 12-month planning horizon.

Each of the credit facilities is restricted as to availability and use to the specific companies as listed in the following table; however, if necessary, the PSEG facilities can also be used to support its subsidiaries’ liquidity needs. The total credit facilities and available liquidity as of March 31, 2018 were as follows:




	As of March 31, 2018
Company/Facility	Total Facility		Usage		Available Liquidity		Expiration Date	Primary Purpose
	Millions
PSEG
5-year Credit Facilities (A)	$	1,500	$	609	$	891	Mar 2022	Commercial Paper Support/Funding/Letters of Credit
Total PSEG	$	1,500	$	609	$	891
PSE&G
5-year Credit Facility (A)	$	600	$	16	$	584	Mar 2022	Commercial Paper Support/Funding/Letters of Credit
Total PSE&G	$	600	$	16	$	584
Power
3-year Letter of Credit Facilities	$	200	$	112	$	88	Mar 2020	Letters of Credit
5-year Credit Facilities	1,900		46		1,854		Mar 2022	Funding/Letters of Credit
Total Power	$	2,100	$	158	$	1,942
Total	$	4,200	$	783	$	3,417


(A)	The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of March 31, 2018, PSEG had $594 million outstanding at a weighted average interest rate of 2.57%. PSE&G had no amounts outstanding under its Commercial Paper Program as of March 31, 2018.

PSE And G [Member]

Debt Instrument [Line Items]

Debt and Credit Facilities

Short-Term Liquidity

The commitments under the $4.2 billion credit facilities are provided by a diverse bank group. As of March 31, 2018, the total available credit capacity was $3.4 billion.

As of March 31, 2018, no single institution represented more than 8% of the total commitments in the credit facilities.

As of March 31, 2018, total credit capacity was in excess of the total anticipated maximum liquidity requirements over PSEG’s 12-month planning horizon.




	As of March 31, 2018
Company/Facility	Total Facility		Usage		Available Liquidity		Expiration Date	Primary Purpose
	Millions
PSEG
5-year Credit Facilities (A)	$	1,500	$	609	$	891	Mar 2022	Commercial Paper Support/Funding/Letters of Credit
Total PSEG	$	1,500	$	609	$	891
PSE&G
5-year Credit Facility (A)	$	600	$	16	$	584	Mar 2022	Commercial Paper Support/Funding/Letters of Credit
Total PSE&G	$	600	$	16	$	584
Power
3-year Letter of Credit Facilities	$	200	$	112	$	88	Mar 2020	Letters of Credit
5-year Credit Facilities	1,900		46		1,854		Mar 2022	Funding/Letters of Credit
Total Power	$	2,100	$	158	$	1,942
Total	$	4,200	$	783	$	3,417


(A)	The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of March 31, 2018, PSEG had $594 million outstanding at a weighted average interest rate of 2.57%. PSE&G had no amounts outstanding under its Commercial Paper Program as of March 31, 2018.

Power [Member]

Debt Instrument [Line Items]

Debt and Credit Facilities

Short-Term Liquidity

The commitments under the $4.2 billion credit facilities are provided by a diverse bank group. As of March 31, 2018, the total available credit capacity was $3.4 billion.

As of March 31, 2018, no single institution represented more than 8% of the total commitments in the credit facilities.

As of March 31, 2018, total credit capacity was in excess of the total anticipated maximum liquidity requirements over PSEG’s 12-month planning horizon.




	As of March 31, 2018
Company/Facility	Total Facility		Usage		Available Liquidity		Expiration Date	Primary Purpose
	Millions
PSEG
5-year Credit Facilities (A)	$	1,500	$	609	$	891	Mar 2022	Commercial Paper Support/Funding/Letters of Credit
Total PSEG	$	1,500	$	609	$	891
PSE&G
5-year Credit Facility (A)	$	600	$	16	$	584	Mar 2022	Commercial Paper Support/Funding/Letters of Credit
Total PSE&G	$	600	$	16	$	584
Power
3-year Letter of Credit Facilities	$	200	$	112	$	88	Mar 2020	Letters of Credit
5-year Credit Facilities	1,900		46		1,854		Mar 2022	Funding/Letters of Credit
Total Power	$	2,100	$	158	$	1,942
Total	$	4,200	$	783	$	3,417


(A)	The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of March 31, 2018, PSEG had $594 million outstanding at a weighted average interest rate of 2.57%. PSE&G had no amounts outstanding under its Commercial Paper Program as of March 31, 2018.