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Pension, OPEB and Savings Plans (Changes In The Benefit Obligation And The Fair Value Of Plan Assets) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year [1] $ 5,595    
Fair Value of Assets at End of Year [1] 6,449 $ 5,595  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Accrued Benefit Cost (171) (109)  
Pension Benefits [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Accumulated Other Comprehensive Income (Loss), Defined Benefit Pension and Other Postretirement Plans, Before Tax 695 619  
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax 499 360  
Regulatory Assets 1,284 1,090  
Deferred Costs and Other Assets 137 127  
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year [2] 5,921 6,359  
Service Cost 123 130 $ 114
Interest Cost 218 208 204
Actuarial (Gain) Loss 955 (460)  
Gross Benefits Paid (325) (316)  
Plan Assumptions 0 0  
Benefit Obligation at End of Year [2] 6,892 5,921 6,359
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 5,120 5,812  
Actual Return on Plan Assets 1,122 (388)  
Employer Contributions 12 12  
Gross Benefits Paid (325) (316)  
Fair Value of Assets at End of Year 5,929 5,120 5,812
Funded Status (Plan Assets less Benefit Obligation) (963) (801)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Current Accrued Benefit Cost (11) (10)  
Accrued Benefit Cost (952) (791)  
Amounts Recognized (963) (801)  
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]      
Prior Service Cost (10) (28)  
Net Actuarial Loss 2,150 2,005  
Total [3] (2,140) (1,977)  
Other Benefits [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year [2] 1,203 1,976  
Service Cost 10 18 17
Interest Cost 45 66 63
Actuarial (Gain) Loss 109 (222)  
Gross Benefits Paid (82) (76)  
Plan Assumptions 0 (559)  
Benefit Obligation at End of Year [2] 1,285 1,203 1,976
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 488 511  
Actual Return on Plan Assets 107 (36)  
Employer Contributions 27 89  
Gross Benefits Paid (82) (76)  
Fair Value of Assets at End of Year 540 488 511
Funded Status (Plan Assets less Benefit Obligation) (745) (715)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Current Accrued Benefit Cost (11) (11)  
Accrued Benefit Cost (734) (704)  
Amounts Recognized (745) (715)  
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]      
Prior Service Cost (433) (561)  
Net Actuarial Loss 409 420  
Total [3] 24 141  
Long Island Electric Utility Servco LLC Pension and OPEB [Member]      
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 212    
Fair Value of Assets at End of Year 282 212  
Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Pension Benefits [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year 321 [4] 320  
Service Cost 26 30  
Interest Cost 14 12  
Actuarial (Gain) Loss 96 (38)  
Gross Benefits Paid (4) (3)  
Plan Assumptions 0 0  
Benefit Obligation at End of Year 453 [4] 321 [4] 320
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 212 191  
Actual Return on Plan Assets 46 (16)  
Employer Contributions 28 40  
Gross Benefits Paid (4) (3)  
Fair Value of Assets at End of Year 282 212 191
Funded Status (Plan Assets less Benefit Obligation) (171) (109)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Accrued Benefit Cost (171) (109)  
Amounts Recognized [5] (171) (109)  
Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Other Benefits [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year 501 [4] 542  
Service Cost 16 18  
Interest Cost 22 20  
Actuarial (Gain) Loss 96 (73)  
Gross Benefits Paid (6) (6)  
Plan Assumptions (3) 0  
Benefit Obligation at End of Year 626 [4] 501 [4] 542
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 0 0  
Actual Return on Plan Assets 0 0  
Employer Contributions 6 6  
Gross Benefits Paid (6) (6)  
Fair Value of Assets at End of Year 0 0 $ 0
Funded Status (Plan Assets less Benefit Obligation) (626) (501)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Accrued Benefit Cost (626) (501)  
Amounts Recognized [5] $ (626) $ (501)  
[1] Excludes net receivables of $15 million and $14 million as of December 31, 2019 and 2018, respectively, which consist of interest, dividends and receivables and payables related to pending securities sales and purchases.
[2]
Represents projected benefit obligation for pension benefits and the accumulated postretirement benefit obligation for other benefits. The vested benefit obligation is the actuarial present value of the vested benefits to which the employee is currently entitled but based on the employee’s expected date of separation or retirement.
[3]
Includes $695 million ($499 million, after-tax) and $619 million ($360 million, after-tax) in Accumulated Other Comprehensive Loss related to Pension and OPEB as of December 31, 2019 and 2018, respectively. Also includes Regulatory Assets of $1,284 million and Deferred Assets of $137 million as of December 31, 2019 and Regulatory Assets of $1,090 million and Deferred Assets of $127 million as of December 31, 2018.
[4]
Represents projected benefit obligation for pension benefits and the accumulated postretirement benefit obligation for other benefits. The vested benefit obligation is the actuarial present value of the vested benefits to which the employee is currently entitled but based on the employee’s expected date of separation or retirement.
[5]
Amounts equal to the accrued pension and OPEB costs of Servco are offset in Long-Term Receivable of VIE on PSEG’s Consolidated Balance Sheets.