XML 58 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Pension and OPEB (Tables)
 6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Components Of Net Periodic Benefit Cost
The following table provides the components of net periodic benefit costs relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization and co-owner allocations. Effective with the adoption of ASU 2017-07 on January 1, 2018, only the service cost component is eligible for capitalization, when applicable. For additional information, see Note 2. Recent Accounting Standards.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
OPEB
 
Pension Benefits
 
OPEB
 
 
 
Three Months Ended
 
Three Months Ended
 
Six Months Ended
 
Six Months Ended
 
 
 
June 30,
 
June 30,
 
June 30,
 
June 30,
 
 
 
2018

 
2017
 
2018

 
2017
 
2018
 
2017
 
2018
 
2017
 
 
 
Millions
 
 
Components of Net Periodic Benefit (Credits) Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service Cost (included in O&M Expense)
$
33

 
$
28

 
$
5

 
$
4

 
$
65

 
$
57

 
$
9

 
$
8

 
 
Non-Service Components of Pension and OPEB (Credits) Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Cost
52

 
51

 
17

 
16

 
104

 
102

 
33

 
32

 
 
Expected Return on Plan Assets
(110
)
 
(99
)
 
(11
)
 
(9
)
 
(220
)
 
(197
)
 
(21
)
 
(17
)
 
 
Amortization of Net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior Service Cost
(5
)
 
(4
)
 
—

 
(2
)
 
(9
)
 
(9
)
 
—

 
(5
)
 
 
Actuarial Loss
21

 
25

 
16

 
12

 
42

 
49

 
32

 
25

 
 
Non-Service Components of Pension and OPEB (Credits) Costs
(42
)
 
(27
)
 
22

 
17

 
(83
)
 
(55
)
 
44

 
35

 
 
Total Benefit (Credits) Costs
$
(9
)
 
$
1

 
$
27

 
$
21

 
$
(18
)
 
$
2

 
$
53

 
$
43

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule Of Pension And OPEB Costs
Pension and OPEB costs for PSE&G, Power and PSEG’s other subsidiaries, excluding Servco, are detailed as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
OPEB
 
Pension Benefits
 
OPEB
 
 
 
Three Months Ended
 
Three Months Ended
 
Six Months Ended
 
Six Months Ended
 
 
 
June 30,
 
June 30,
 
June 30,
 
June 30,
 
 
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
 
 
Millions
 
 
PSE&G
$
(7
)
 
$
(1
)
 
$
17

 
$
13

 
$
(15
)
 
$
(2
)
 
$
34

 
$
27

 
 
Power
(3
)
 
1

 
8

 
6

 
(5
)
 
1

 
16

 
13

 
 
Other
1

 
1

 
2

 
2

 
2

 
3

 
3

 
3

 
 
Total Benefit (Credits) Costs
$
(9
)
 
$
1

 
$
27

 
$
21

 
$
(18
)
 
$
2

 
$
53

 
$
43