XML 188 R102.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Pension, OPEB and Savings Plans (Narrative) (Details)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
USD ($)
plan
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Jul. 01, 2019
USD ($)
Defined Benefit Plan Disclosure [Line Items]            
Number of PSEG's defined contribution plans | plan   2        
Defined benefit plan funded status of plan percentage   86.00%        
Rabbi trust assets used to fund nonqualified pension plans   $ 246        
Defined benefit plans, projected benefit and accumulated benefit obligations   $ 6,700 $ 5,700      
Maximum annual 401(k) contribution per employee, percent   50.00%        
Defined Contribution Plan, Employer Matching Contribution, Percent of Match   50.00%        
Total Employer Matching Contributions   $ 40 41 $ 41    
Pension Benefits [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax   499 360      
Accumulated Other Comprehensive Income (Loss), Defined Benefit Pension and Other Postretirement Plans, Before Tax   695 619      
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)   $ 11 $ (36) $ 3    
Discount Rate   3.30% 4.41% 3.73%   3.65%
Expected long-term rate of return on plan assets   7.80% 7.80% 7.80%    
Defined benefit plans, projected benefit and accumulated benefit obligations           $ 6,400
Interest in Master Trust assets percentage   92.00%        
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment   $ 0 $ 0      
Other Pension Plan, Defined Benefit [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Defined Benefit Plan, Benefit Obligation   176        
Other Benefits [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)   $ (59) $ 106 $ 86    
Discount Rate   3.20% 4.31% 3.76%    
Expected long-term rate of return on plan assets   7.79% 7.80% 7.80%    
Interest in Master Trust assets percentage     8.00%      
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment   $ 0 $ 559      
Equity Securities [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Target allocation percentage of assets   59.00%        
Fixed Income Securities [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Target allocation percentage of assets   23.00%        
Thrift Plan [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Employer matching contribution, percent   8.00%        
Savings Plan [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Employer matching contribution, percent   7.00%        
Long Island Electric Utility Servco LLC Pension and OPEB [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Number of PSEG's defined contribution plans | plan   2        
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year   $ 30        
Maximum annual 401(k) contribution per employee, percent   50.00%        
Defined Contribution Plan, Employer Matching Contribution, Percent of Match   50.00%        
Employer matching contribution, percent   8.00%        
Total Employer Matching Contributions   $ 8 7   $ 6  
Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Pension Benefits [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)   $ 28 $ 40 $ 35    
Discount Rate   3.52% 4.60% 3.90%    
Expected long-term rate of return on plan assets   7.60%        
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment   $ 0 $ 0      
Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Other Benefits [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)   $ 6 $ 6 $ 4    
Discount Rate   3.60% 4.67% 3.96%    
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment   $ 3 $ 0      
Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Equity Securities [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Target allocation percentage of assets   60.00%        
Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Fixed Income Securities [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Target allocation percentage of assets   25.00%        
Subsequent Event [Member] | Pension Benefits [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Expected long-term rate of return on plan assets 7.70%          
Subsequent Event [Member] | Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Pension Benefits [Member]            
Defined Benefit Plan Disclosure [Line Items]            
Expected long-term rate of return on plan assets 7.60%