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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and Cash Equivalents $ 120 $ 177
Accounts Receivable, net of allowances 1,184 1,435
Tax Receivable 0 242
Unbilled Revenues 161 240
Fuel 346 331
Materials and Supplies, net 579 571
Prepayments 249 94
Derivative Contracts 18 11
Regulatory Assets 352 389
Other 50 17
Total Current Assets 3,059 3,507
PROPERTY, PLANT AND EQUIPMENT 45,500 44,201
Less: Accumulated Depreciation and Amortization (10,093) (9,838)
Net Property, Plant and Equipment 35,407 34,363
NONCURRENT ASSETS    
Regulatory Assets 3,593 3,399
Operating Lease, Right-of-Use Asset 285 0
Long-Term Investments 812 896
Nuclear Decommissioning Trust (NDT) Fund 2,135 1,878
Long-Term Tax Receivable 150 0
Long-Term Receivable of Variable Interest Entities (VIEs) 639 624
Rabbi Trust Fund 246 224
Goodwill 16 16
Other Intangibles 188 143
Derivative Contracts 27 1
Other 258 275
Total Noncurrent Assets 8,349 7,456
Total Assets 46,815 45,326
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 1,056 1,294
Commercial Paper and Loans 346 1,016
Accounts Payable 1,244 1,451
Derivative Contracts 32 11
Accrued Interest 174 110
Accrued Taxes 37 26
Clean Energy Program 187 143
Obligation to Return Cash Collateral 123 136
Regulatory Liabilities 346 311
Other 522 437
Total Current Liabilities 4,067 4,935
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,143 5,713
Regulatory Liabilities 2,972 3,221
Operating Leases 275 0
Asset Retirement Obligations 1,073 1,063
OPEB Costs 695 704
OPEB Costs of Servco 525 501
Accrued Pension Costs 819 791
Accrued Pension Costs of Servco 98 109
Environmental Costs 361 327
Derivative Contracts 5 4
Long-Term Accrued Taxes 165 181
Other 244 232
Total Noncurrent Liabilities 13,375 12,846
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 14,448 13,168
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 4,989 4,980
Treasury Stock, at cost (832) (808)
Retained Earnings 11,206 10,582
Accumulated Other Comprehensive Income (Loss) (438) (377)
Total Stockholder's Equity 14,925 14,377
Total Capitalization 29,373 27,545
TOTAL LIABILITIES AND CAPITALIZATION 46,815 45,326
Public Service Electric and Gas Company [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 25 39
Accounts Receivable, net of allowances 852 879
Accounts Receivable-Affiliated Companies 12 123
Tax Receivable 0 20
Unbilled Revenues 161 240
Materials and Supplies, net 213 196
Prepayments 123 10
Regulatory Assets 352 389
Other 39 11
Total Current Assets 1,777 1,907
PROPERTY, PLANT AND EQUIPMENT 33,298 31,633
Less: Accumulated Depreciation and Amortization (6,532) (6,277)
Net Property, Plant and Equipment 26,766 25,356
NONCURRENT ASSETS    
Regulatory Assets 3,593 3,399
Operating Lease, Right-of-Use Asset 97 0
Long-Term Investments 251 270
Rabbi Trust Fund 48 45
Other 120 132
Total Noncurrent Assets 4,109 3,846
Total Assets 32,652 31,109
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 250 500
Commercial Paper and Loans 10 272
Accounts Payable 633 713
Accounts Payable-Affiliated Companies 208 321
Accrued Interest 106 84
Clean Energy Program 187 143
Obligation to Return Cash Collateral 123 136
Regulatory Liabilities 346 311
Other 422 345
Total Current Liabilities 2,285 2,825
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 4,132 3,830
Regulatory Liabilities 2,972 3,221
Operating Leases 85 0
Asset Retirement Obligations 300 302
OPEB Costs 476 486
Accrued Pension Costs 420 400
Environmental Costs 299 268
Long-Term Accrued Taxes 103 69
Other 127 124
Total Noncurrent Liabilities 8,914 8,700
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 9,576 8,684
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 1,095 1,095
Basis Adjustment 986 986
Retained Earnings 8,902 7,928
Accumulated Other Comprehensive Income (Loss) 2 (1)
Total Stockholder's Equity 11,877 10,900
Total Capitalization 21,453 19,584
TOTAL LIABILITIES AND CAPITALIZATION 32,652 31,109
PSEG Power [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 80 22
Accounts Receivable, net of allowances 279 477
Accounts Receivable-Affiliated Companies 233 274
Short-Term Loan to Affiliate 86 [1] 0
Fuel 346 331
Materials and Supplies, net 364 373
Prepayments 19 14
Derivative Contracts [2] 18 11
Other 6 5
Total Current Assets 1,431 1,507
PROPERTY, PLANT AND EQUIPMENT 11,853 12,224
Less: Accumulated Depreciation and Amortization (3,358) (3,382)
Net Property, Plant and Equipment 8,495 8,842
NONCURRENT ASSETS    
Operating Lease, Right-of-Use Asset 72 0
Long-Term Investments 67 86
Nuclear Decommissioning Trust (NDT) Fund 2,135 1,878
Rabbi Trust Fund 62 56
Goodwill 16 16
Other Intangibles 188 143
Derivative Contracts [2] 27 1
Other 60 65
Total Noncurrent Assets 2,627 2,245
Total Assets 12,553 12,594
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 406 44
Accounts Payable 448 498
Accounts Payable-Affiliated Companies 20 16
Short-Term Loan from Affiliate 0 193 [1]
Derivative Contracts [2] 26 11
Accrued Interest 49 21
Other 77 59
Total Current Liabilities 1,026 842
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 1,803 1,619
Operating Leases 63 0
Asset Retirement Obligations 770 758
OPEB Costs 177 176
Accrued Pension Costs 252 246
Derivative Contracts [2] 4 4
Long-Term Accrued Taxes 101 76
Other 151 122
Total Noncurrent Liabilities 3,321 3,001
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 2,433 2,791
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 4,904 5,051
Accumulated Other Comprehensive Income (Loss) (359) (319)
Total Stockholder's Equity 5,773 5,960
TOTAL LIABILITIES AND CAPITALIZATION $ 12,553 $ 12,594
[1]
PSEG 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 PSEG 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 September 30, 2019 and December 31, 2018.