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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and Cash Equivalents $ 95 $ 313
Accounts Receivable, net of allowances 1,163 1,348
Tax Receivable 111 127
Unbilled Revenues 189 296
Fuel 218 289
Materials and Supplies, net 574 577
Prepayments 324 118
Derivative Contracts 24 29
Regulatory Assets 296 211
Other 11 4
Total Current Assets 3,005 3,312
PROPERTY, PLANT AND EQUIPMENT 42,809 41,231
Less: Accumulated Depreciation and Amortization (9,658) (9,434)
Net Property, Plant and Equipment 33,151 31,797
NONCURRENT ASSETS    
Regulatory Assets 3,225 3,222
Long-Term Investments 924 932
Nuclear Decommissioning Trust (NDT) Fund 2,049 2,133
Long-Term Receivable of Variable Interest Entities (VIEs) 688 686
Rabbi Trust Fund 224 231
Goodwill 16 16
Other Intangibles 127 114
Derivative Contracts 21 7
Other 277 266
Total Noncurrent Assets 7,551 7,607
Total Assets 43,707 42,716
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 1,550 1,000
Commercial Paper and Loans 270 542
Accounts Payable 1,348 1,694
Derivative Contracts 23 16
Accrued Interest 105 103
Accrued Taxes 104 48
Clean Energy Program 203 128
Obligation to Return Cash Collateral 131 129
Regulatory Liabilities 32 47
Other 478 461
Total Current Liabilities 4,244 4,168
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,475 5,240
Regulatory Liabilities 2,937 2,948
Clean Energy Program Noncurrent 27 0
Asset Retirement Obligations 1,047 1,024
OPEB Costs 1,423 1,455
OPEB Costs of Servco 551 542
Accrued Pension Costs 480 537
Accrued Pension Costs of Servco 122 129
Environmental Costs 332 357
Derivative Contracts 1 5
Long-Term Accrued Taxes 177 175
Other 223 221
Total Noncurrent Liabilities 12,795 12,633
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 12,510 12,068
STOCKHOLDER'S EQUITY    
Common Stock 4,955 4,961
Treasury Stock, at cost (813) (763)
Retained Earnings 10,426 9,878
Accumulated Other Comprehensive Income (Loss) (410) (229)
Total Stockholder's Equity 14,158 13,847
Total Capitalization 26,668 25,915
TOTAL LIABILITIES AND CAPITALIZATION 43,707 42,716
PSE And G [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 20 242
Accounts Receivable, net of allowances 796 882
Accounts Receivable-Affiliated Companies 18 0
Unbilled Revenues 189 296
Materials and Supplies, net 195 197
Prepayments 205 44
Regulatory Assets 296 211
Other 10 4
Total Current Assets 1,729 1,876
PROPERTY, PLANT AND EQUIPMENT 30,396 29,117
Less: Accumulated Depreciation and Amortization (6,200) (6,101)
Net Property, Plant and Equipment 24,196 23,016
NONCURRENT ASSETS    
Regulatory Assets 3,225 3,222
Long-Term Investments 285 280
Rabbi Trust Fund 45 46
Other 123 114
Total Noncurrent Assets 3,678 3,662
Total Assets 29,603 28,554
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 600 750
Commercial Paper and Loans 195 0
Accounts Payable 704 728
Accounts Payable-Affiliated Companies 150 340
Accrued Interest 79 78
Clean Energy Program 203 128
Obligation to Return Cash Collateral 131 129
Regulatory Liabilities 32 47
Other 376 311
Total Current Liabilities 2,470 2,511
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 3,570 3,391
Regulatory Liabilities 2,937 2,948
Clean Energy Program Noncurrent 27 0
Asset Retirement Obligations 214 212
OPEB Costs 1,066 1,103
Accrued Pension Costs 189 226
Environmental Costs 255 283
Long-Term Accrued Taxes 94 91
Other 111 114
Total Noncurrent Liabilities 8,463 8,368
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 8,286 7,841
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 1,095 1,095
Basis Adjustment 986 986
Retained Earnings 7,411 6,861
Total Stockholder's Equity 10,384 9,834
Total Capitalization 18,670 17,675
TOTAL LIABILITIES AND CAPITALIZATION 29,603 28,554
Power [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 20 32
Accounts Receivable, net of allowances 313 380
Accounts Receivable-Affiliated Companies 81 221
Short-Term Loan to Affiliate 519 [1] 0
Fuel 218 289
Materials and Supplies, net 376 376
Prepayments 10 11
Derivative Contracts [2] 24 29
Other 4 3
Total Current Assets 1,565 1,341
PROPERTY, PLANT AND EQUIPMENT 12,046 11,755
Less: Accumulated Depreciation and Amortization (3,267) (3,159)
Net Property, Plant and Equipment 8,779 8,596
NONCURRENT ASSETS    
Long-Term Investments 87 87
Nuclear Decommissioning Trust (NDT) Fund 2,049 2,133
Rabbi Trust Fund 56 57
Goodwill 16 16
Other Intangibles 127 114
Derivative Contracts [2] 21 7
Other 72 67
Total Noncurrent Assets 2,428 2,481
Total Assets 12,772 12,418
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 250 250
Accounts Payable 468 712
Accounts Payable-Affiliated Companies 148 57
Short-Term Loan from Affiliate 0 281 [1]
Derivative Contracts [2] 23 16
Accrued Interest 22 20
Other 62 99
Total Current Liabilities 973 1,435
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 1,451 1,406
Asset Retirement Obligations 831 810
OPEB Costs 287 283
Accrued Pension Costs 169 184
Derivative Contracts [2] 1 5
Long-Term Accrued Taxes 45 52
Other 143 140
Total Noncurrent Liabilities 2,927 2,880
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 2,833 2,136
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 5,161 4,911
Accumulated Other Comprehensive Income (Loss) (350) (172)
Total Stockholder's Equity 6,039 5,967
TOTAL LIABILITIES AND CAPITALIZATION $ 12,772 $ 12,418
[1] Power’s short-term loans with PSEG are for working capital and other short-term needs. Interest Income and Interest Expense relating to these short-term funding activities were immaterial.
[2] Substantially all of Power’s derivative instruments are contracts subject to master netting agreements. Contracts not subject to master netting or similar agreements are immaterial and did not have any collateral posted or received as of June 30, 2018 and December 31, 2017.