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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and Cash Equivalents $ 88 $ 313
Accounts Receivable, net of allowances 1,240 1,348
Tax Receivable 225 127
Unbilled Revenues 155 296
Fuel 329 289
Materials and Supplies, net 590 577
Prepayments 214 118
Derivative Contracts 11 29
Regulatory Assets 317 211
Other 46 4
Total Current Assets 3,215 3,312
PROPERTY, PLANT AND EQUIPMENT 43,613 41,231
Less: Accumulated Depreciation and Amortization (9,832) (9,434)
Net Property, Plant and Equipment 33,781 31,797
NONCURRENT ASSETS    
Regulatory Assets 3,761 3,222
Long-Term Investments 923 932
Nuclear Decommissioning Trust (NDT) Fund 2,096 2,133
Long-Term Receivable of Variable Interest Entities (VIEs) 682 686
Rabbi Trust Fund 225 231
Goodwill 16 16
Other Intangibles 107 114
Derivative Contracts 2 7
Other 265 266
Total Noncurrent Assets 8,077 7,607
Total Assets 45,073 42,716
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 1,450 1,000
Commercial Paper and Loans 419 542
Accounts Payable 1,317 1,694
Derivative Contracts 13 16
Accrued Interest 159 103
Accrued Taxes 36 48
Clean Energy Program 187 128
Obligation to Return Cash Collateral 130 129
Regulatory Liabilities 303 47
Other 471 461
Total Current Liabilities 4,485 4,168
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,720 5,240
Regulatory Liabilities 3,286 2,948
Asset Retirement Obligations 1,059 1,024
OPEB Costs 1,410 1,455
OPEB Costs of Servco 560 542
Accrued Pension Costs 451 537
Accrued Pension Costs of Servco 108 129
Environmental Costs 348 357
Derivative Contracts 2 5
Long-Term Accrued Taxes 152 175
Other 224 221
Total Noncurrent Liabilities 13,320 12,633
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 12,909 12,068
STOCKHOLDER'S EQUITY    
Common Stock 4,966 4,961
Treasury Stock, at cost (811) (763)
Retained Earnings 10,611 9,878
Accumulated Other Comprehensive Income (Loss) (407) (229)
Total Stockholder's Equity 14,359 13,847
Total Capitalization 27,268 25,915
TOTAL LIABILITIES AND CAPITALIZATION 45,073 42,716
PSE And G [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 25 242
Accounts Receivable, net of allowances 842 882
Accounts Receivable-Affiliated Companies 55 0
Unbilled Revenues 155 296
Materials and Supplies, net 200 197
Prepayments 117 44
Regulatory Assets 317 211
Other 26 4
Total Current Assets 1,737 1,876
PROPERTY, PLANT AND EQUIPMENT 30,997 29,117
Less: Accumulated Depreciation and Amortization (6,241) (6,101)
Net Property, Plant and Equipment 24,756 23,016
NONCURRENT ASSETS    
Regulatory Assets 3,761 3,222
Long-Term Investments 278 280
Rabbi Trust Fund 46 46
Other 116 114
Total Noncurrent Assets 4,201 3,662
Total Assets 30,694 28,554
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 500 750
Commercial Paper and Loans 40 0
Accounts Payable 666 728
Accounts Payable-Affiliated Companies 164 340
Accrued Interest 96 78
Clean Energy Program 187 128
Obligation to Return Cash Collateral 130 129
Regulatory Liabilities 303 47
Other 367 311
Total Current Liabilities 2,453 2,511
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 3,718 3,391
Regulatory Liabilities 3,286 2,948
Asset Retirement Obligations 215 212
OPEB Costs 1,052 1,103
Accrued Pension Costs 171 226
Environmental Costs 271 283
Long-Term Accrued Taxes 67 91
Other 118 114
Total Noncurrent Liabilities 8,898 8,368
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 8,682 7,841
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 1,095 1,095
Basis Adjustment 986 986
Retained Earnings 7,689 6,861
Accumulated Other Comprehensive Income (Loss) (1) 0
Total Stockholder's Equity 10,661 9,834
Total Capitalization 19,343 17,675
TOTAL LIABILITIES AND CAPITALIZATION 30,694 28,554
Power [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 41 32
Accounts Receivable, net of allowances 343 380
Accounts Receivable-Affiliated Companies 121 221
Short-Term Loan to Affiliate 119 [1] 0
Fuel 329 289
Materials and Supplies, net 386 376
Prepayments 20 11
Derivative Contracts [2] 11 29
Other 6 3
Total Current Assets 1,376 1,341
PROPERTY, PLANT AND EQUIPMENT 12,277 11,755
Less: Accumulated Depreciation and Amortization (3,408) (3,159)
Net Property, Plant and Equipment 8,869 8,596
NONCURRENT ASSETS    
Long-Term Investments 88 87
Nuclear Decommissioning Trust (NDT) Fund 2,096 2,133
Rabbi Trust Fund 57 57
Goodwill 16 16
Other Intangibles 107 114
Derivative Contracts [2] 2 7
Other 70 67
Total Noncurrent Assets 2,436 2,481
Total Assets 12,681 12,418
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 250 250
Accounts Payable 465 712
Accounts Payable-Affiliated Companies 21 57
Short-Term Loan from Affiliate 0 281 [1]
Derivative Contracts [2] 13 16
Accrued Interest 51 20
Other 69 99
Total Current Liabilities 869 1,435
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 1,577 1,406
Asset Retirement Obligations 841 810
OPEB Costs 289 283
Accrued Pension Costs 161 184
Derivative Contracts [2] 2 5
Long-Term Accrued Taxes 1 52
Other 140 140
Total Noncurrent Liabilities 3,011 2,880
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 2,834 2,136
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 5,086 4,911
Accumulated Other Comprehensive Income (Loss) (347) (172)
Total Stockholder's Equity 5,967 5,967
TOTAL LIABILITIES AND CAPITALIZATION $ 12,681 $ 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 September 30, 2018 and December 31, 2017.