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Pension and OPEB (Tables)
 6 Months Ended
Jun. 30, 2019
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. Only the service cost component is eligible for capitalization, when applicable.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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,
 
 
 
2019

 
2018
 
2019

 
2018
 
2019
 
2018
 
2019
 
2018
 
 
 
Millions
 
 
Components of Net Periodic Benefit (Credits) Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service Cost (included in O&M Expense)
$
28

 
$
33

 
$
3

 
$
5

 
$
57

 
$
65

 
$
5

 
$
9

 
 
Non-Service Components of Pension and OPEB (Credits) Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Cost
58

 
52

 
11

 
17

 
116

 
104

 
22

 
33

 
 
Expected Return on Plan Assets
(96
)
 
(110
)
 
(9
)
 
(11
)
 
(193
)
 
(220
)
 
(18
)
 
(21
)
 
 
Amortization of Net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior Service Credit
(4
)
 
(5
)
 
(32
)
 
—

 
(9
)
 
(9
)
 
(64
)
 
—

 
 
Actuarial Loss
27

 
21

 
12

 
16

 
54

 
42

 
25

 
32

 
 
Non-Service Components of Pension and OPEB (Credits) Costs
(15
)
 
(42
)
 
(18
)
 
22

 
(32
)
 
(83
)
 
(35
)
 
44

 
 
Total Benefit (Credits) Costs
$
13

 
$
(9
)
 
$
(15
)
 
$
27

 
$
25

 
$
(18
)
 
$
(30
)
 
$
53

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule Of Pension And OPEB Costs
Pension and OPEB costs for PSE&G, PSEG 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,
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
 
Millions
 
 
PSE&G
$
6

 
$
(7
)
 
$
(16
)
 
$
17

 
$
13

 
$
(15
)
 
$
(32
)
 
$
34

 
 
PSEG Power
4

 
(3
)
 
1

 
8

 
7

 
(5
)
 
2

 
16

 
 
Other
3

 
1

 
—

 
2

 
5

 
2

 
—

 
3

 
 
Total Benefit (Credits) Costs
$
13

 
$
(9
)
 
$
(15
)
 
$
27

 
$
25

 
$
(18
)
 
$
(30
)
 
$
53