Earnings Per Share (EPS) and Dividends (Tables)

6 Months Ended

Jun. 30, 2018

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,
	2018				2017				2018				2017
	Basic		Diluted		Basic		Diluted		Basic		Diluted		Basic		Diluted
EPS Numerator (Millions):
Net Income	$	269	$	269	$	109	$	109	$	827	$	827	$	223	$	223
EPS Denominator (Millions):
Weighted Average Common Shares Outstanding	504		504		505		505		504		504		505		505
Effect of Stock Based Compensation Awards	—		3		—		2		—		3		—		2
Total Shares	504		507		505		507		504		507		505		507
EPS
Net Income	$	0.53	$	0.53	$	0.22	$	0.22	$	1.64	$	1.63	$	0.44	$	0.44

For the three months and six months ended June 30, 2017, there were approximately 0.3 million stock options excluded from the weighted average common shares used for diluted EPS due to their antidilutive effect

Dividend Payments On Common Stock

Dividends

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Dividend Payments on Common Stock	2018		2017		2018		2017
Per Share	$	0.45	$	0.43	$	0.90	$	0.86
In Millions	$	228	$	217	$	455	$	435

On July 17, 2018, PSEG’s Board of Directors approved a $0.45 per share common stock dividend for the third quarter of 2018.