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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and Cash Equivalents $ 65 $ 177
Accounts Receivable, net of allowances 1,454 1,435
Tax Receivable 149 242
Unbilled Revenues 188 240
Fuel 134 331
Materials and Supplies, net 584 571
Prepayments 112 94
Derivative Contracts 20 11
Regulatory Assets 294 389
Other 27 17
Total Current Assets 3,027 3,507
PROPERTY, PLANT AND EQUIPMENT 44,854 44,201
Less: Accumulated Depreciation and Amortization (10,067) (9,838)
Net Property, Plant and Equipment 34,787 34,363
NONCURRENT ASSETS    
Regulatory Assets 3,423 3,399
Operating Lease, Right-of-Use Asset 253 0
Long-Term Investments 906 896
Nuclear Decommissioning Trust (NDT) Fund 2,049 1,878
Long-Term Receivable of Variable Interest Entities (VIEs) 631 624
Rabbi Trust Fund 233 224
Goodwill 16 16
Other Intangibles 156 143
Derivative Contracts 4 1
Other 271 275
Total Noncurrent Assets 7,942 7,456
Total Assets 45,756 45,326
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 900 1,294
Commercial Paper and Loans 1,151 1,016
Accounts Payable 1,135 1,451
Derivative Contracts 13 11
Accrued Interest 158 110
Accrued Taxes 73 26
Clean Energy Program 85 143
Obligation to Return Cash Collateral 129 136
Regulatory Liabilities 320 311
Other 509 437
Total Current Liabilities 4,473 4,935
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,929 5,713
Regulatory Liabilities 3,148 3,221
Operating Leases 250 0
Asset Retirement Obligations 1,067 1,063
OPEB Costs 698 704
OPEB Costs of Servco 509 501
Accrued Pension Costs 778 791
Accrued Pension Costs of Servco 108 109
Environmental Costs 364 327
Derivative Contracts 7 4
Long-Term Accrued Taxes 189 181
Other 206 232
Total Noncurrent Liabilities 13,253 12,846
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 13,216 13,168
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 4,969 4,980
Treasury Stock, at cost (839) (808)
Retained Earnings 11,125 10,582
Accumulated Other Comprehensive Income (Loss) (441) (377)
Total Stockholder's Equity 14,814 14,377
Total Capitalization 28,030 27,545
TOTAL LIABILITIES AND CAPITALIZATION 45,756 45,326
PSE And G [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 15 39
Accounts Receivable, net of allowances 1,047 879
Accounts Receivable-Affiliated Companies 0 123
Tax Receivable 0 20
Unbilled Revenues 188 240
Materials and Supplies, net 201 196
Prepayments 23 10
Regulatory Assets 294 389
Other 19 11
Total Current Assets 1,787 1,907
PROPERTY, PLANT AND EQUIPMENT 32,114 31,633
Less: Accumulated Depreciation and Amortization (6,360) (6,277)
Net Property, Plant and Equipment 25,754 25,356
NONCURRENT ASSETS    
Regulatory Assets 3,423 3,399
Operating Lease, Right-of-Use Asset 89 0
Long-Term Investments 275 270
Rabbi Trust Fund 46 45
Other 126 132
Total Noncurrent Assets 3,959 3,846
Total Assets 31,500 31,109
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 500 500
Commercial Paper and Loans 364 272
Accounts Payable 528 713
Accounts Payable-Affiliated Companies 274 321
Accrued Interest 96 84
Clean Energy Program 85 143
Obligation to Return Cash Collateral 129 136
Regulatory Liabilities 320 311
Other 402 345
Total Current Liabilities 2,698 2,825
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 3,913 3,830
Regulatory Liabilities 3,148 3,221
Operating Leases 79 0
Asset Retirement Obligations 302 302
OPEB Costs 479 486
Accrued Pension Costs 391 400
Environmental Costs 304 268
Long-Term Accrued Taxes 69 69
Other 127 124
Total Noncurrent Liabilities 8,812 8,700
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 8,686 8,684
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 1,095 1,095
Basis Adjustment 986 986
Retained Earnings 8,331 7,928
Accumulated Other Comprehensive Income (Loss) 0 (1)
Total Stockholder's Equity 11,304 10,900
Total Capitalization 19,990 19,584
TOTAL LIABILITIES AND CAPITALIZATION 31,500 31,109
Power [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 28 22
Accounts Receivable, net of allowances 355 477
Accounts Receivable-Affiliated Companies 284 274
Short-Term Loan to Affiliate 87 [1] 0
Fuel 134 331
Materials and Supplies, net 381 373
Prepayments 17 14
Derivative Contracts [2] 19 11
Other 7 5
Total Current Assets 1,312 1,507
PROPERTY, PLANT AND EQUIPMENT 12,396 12,224
Less: Accumulated Depreciation and Amortization (3,520) (3,382)
Net Property, Plant and Equipment 8,876 8,842
NONCURRENT ASSETS    
Operating Lease, Right-of-Use Asset 43 0
Long-Term Investments 86 86
Nuclear Decommissioning Trust (NDT) Fund 2,049 1,878
Rabbi Trust Fund 59 56
Goodwill 16 16
Other Intangibles 156 143
Derivative Contracts [2] 4 1
Other 70 65
Total Noncurrent Assets 2,483 2,245
Total Assets 12,671 12,594
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 0 44
Accounts Payable 472 498
Accounts Payable-Affiliated Companies 21 16
Short-Term Loan from Affiliate 0 193 [1]
Derivative Contracts [2] 13 11
Accrued Interest 49 21
Other 83 59
Total Current Liabilities 638 842
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 1,755 1,619
Operating Leases 39 0
Asset Retirement Obligations 762 758
OPEB Costs 176 176
Accrued Pension Costs 243 246
Derivative Contracts [2] 1 4
Long-Term Accrued Taxes 82 76
Other 117 122
Total Noncurrent Liabilities 3,175 3,001
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 2,836 2,791
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 5,166 5,051
Accumulated Other Comprehensive Income (Loss) (372) (319)
Total Stockholder's Equity 6,022 5,960
TOTAL LIABILITIES AND CAPITALIZATION $ 12,671 $ 12,594
[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 and PSEG’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 March 31, 2019 and December 31, 2018.