Debt and Credit Facilities Debt and Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2019

Debt and Credit Facilities [Abstract]

Schedule of Line of Credit Facilities [Table Text Block]

Each of the credit facilities is restricted as to availability and use to the specific companies as listed in the following table; however, if necessary, the PSEG facilities can also be used to support its subsidiaries’ liquidity needs. The total credit facilities and available liquidity as of September 30, 2019 were as follows:

	As of September 30, 2019
Company/Facility	Total Facility		Usage (D)		Available Liquidity		Expiration Date	Primary Purpose
	Millions
PSEG
5-year Credit Facilities (A)	$	1,500	$	349	$	1,151	Mar 2023	Commercial Paper Support/Funding/Letters of Credit
Total PSEG	$	1,500	$	349	$	1,151
PSE&G
5-year Credit Facility (B)	$	600	$	26	$	574	Mar 2023	Commercial Paper Support/Funding/Letters of Credit
Total PSE&G	$	600	$	26	$	574
PSEG Power
3-year Letter of Credit Facilities	$	200	$	136	$	64	Sept 2021	Letters of Credit
5-year Credit Facilities (C)	1,900		40		1,860		Mar 2023	Funding/Letters of Credit
Total PSEG Power	$	2,100	$	176	$	1,924
Total	$	4,200	$	551	$	3,649

(A) PSEG facilities will be reduced by $9 million in March 2022.

(B) PSE&G facility will be reduced by $4 million in March 2022.

(C) PSEG Power facilities will be reduced by $12 million in March 2022.

(D)

The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of September 30, 2019, PSEG had $336 million outstanding at a weighted average interest rate of 2.44%. PSE&G had $10 million outstanding at a weighted average interest rate of 2.17% under its Commercial Paper Program as of September 30, 2019.