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Selected Quarterly Data
 12 Months Ended
Dec. 31, 2019
Schedule of Quarterly Data [Line Items]  
Selected Quarterly Data Selected Quarterly Data (Unaudited)
The information shown in the following tables, in the opinion of PSEG, PSE&G and PSEG Power includes all adjustments, consisting only of normal recurring accruals, necessary to fairly present such amounts.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
 
March 31,
 
June 30, (A)
 
September 30,
 
December 31, (B)
 
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
PSEG Consolidated:
 
Millions, except per share data
 
 
Operating Revenues
 
$
2,980

 
$
2,818

 
$
2,316

 
$
2,016

 
$
2,302

 
$
2,394

 
$
2,478

 
$
2,468

 
 
Operating Income
 
$
786

 
$
832

 
$
160

 
$
411

 
$
490

 
$
554

 
$
507

 
$
501

 
 
Net Income
 
$
700

 
$
558

 
$
153

 
$
269

 
$
403

 
$
412

 
$
437

 
$
199

 
 
Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
 
$
1.39

 
$
1.11

 
$
0.30

 
$
0.53

 
$
0.80

 
$
0.82

 
$
0.86

 
$
0.39

 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
 
$
1.38

 
$
1.10

 
$
0.30

 
$
0.53

 
$
0.79

 
$
0.81

 
$
0.86

 
$
0.39

 
 
Weighted Average Common Shares Outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
504

 
504

 
504

 
504

 
504

 
504

 
504

 
504

 
 
Diluted
 
507

 
507

 
507

 
507

 
507

 
507

 
507

 
508

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
PSE&G:
 
Millions
 
 
Operating Revenues
 
$
2,032

 
$
1,845

 
$
1,382

 
$
1,386

 
$
1,604

 
$
1,595

 
$
1,607

 
$
1,645

 
 
Operating Income
 
$
465

 
$
482

 
$
282

 
$
358

 
$
392

 
$
421

 
$
330

 
$
345

 
 
Net Income
 
$
403

 
$
319

 
$
227

 
$
231

 
$
344

 
$
278

 
$
276

 
$
239

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
 
March 31,
 
June 30, (A)
 
September 30,
 
December 31, (B)
 
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
PSEG Power:
 
Millions
 
 
Operating Revenues
 
$
1,416

 
$
1,403

 
$
1,083

 
$
767

 
$
771

 
$
868

 
$
1,115

 
$
1,108

 
 
Operating Income (Loss)
 
$
301

 
$
329

 
$
(86
)
 
$
42

 
$
79

 
$
112

 
$
154

 
$
113

 
 
Net Income (Loss)
 
$
296

 
$
234

 
$
(40
)
 
$
41

 
$
53

 
$
125

 
$
159

 
$
(35
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(A)
The decrease in Operating Income and Net Income at PSEG consolidated and PSEG Power in the second quarter of 2019 as compared to the same quarter in 2018 was primarily due to the loss in 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants, offsetting MTM net gains in 2019 as compared to net losses in 2018.
(B)
The increase in Net Income at PSEG consolidated and PSEG Power in the fourth quarter of 2019 as compared to the same quarter in 2018 was primarily due to net gains in 2019 as compared to net losses in 2018 on equity securities in PSEG Power’s NDT Fund.
Public Service Electric and Gas Company  
Schedule of Quarterly Data [Line Items]  
Selected Quarterly Data Selected Quarterly Data (Unaudited)
The information shown in the following tables, in the opinion of PSEG, PSE&G and PSEG Power includes all adjustments, consisting only of normal recurring accruals, necessary to fairly present such amounts.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
 
March 31,
 
June 30, (A)
 
September 30,
 
December 31, (B)
 
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
PSEG Consolidated:
 
Millions, except per share data
 
 
Operating Revenues
 
$
2,980

 
$
2,818

 
$
2,316

 
$
2,016

 
$
2,302

 
$
2,394

 
$
2,478

 
$
2,468

 
 
Operating Income
 
$
786

 
$
832

 
$
160

 
$
411

 
$
490

 
$
554

 
$
507

 
$
501

 
 
Net Income
 
$
700

 
$
558

 
$
153

 
$
269

 
$
403

 
$
412

 
$
437

 
$
199

 
 
Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
 
$
1.39

 
$
1.11

 
$
0.30

 
$
0.53

 
$
0.80

 
$
0.82

 
$
0.86

 
$
0.39

 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
 
$
1.38

 
$
1.10

 
$
0.30

 
$
0.53

 
$
0.79

 
$
0.81

 
$
0.86

 
$
0.39

 
 
Weighted Average Common Shares Outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
504

 
504

 
504

 
504

 
504

 
504

 
504

 
504

 
 
Diluted
 
507

 
507

 
507

 
507

 
507

 
507

 
507

 
508

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
PSE&G:
 
Millions
 
 
Operating Revenues
 
$
2,032

 
$
1,845

 
$
1,382

 
$
1,386

 
$
1,604

 
$
1,595

 
$
1,607

 
$
1,645

 
 
Operating Income
 
$
465

 
$
482

 
$
282

 
$
358

 
$
392

 
$
421

 
$
330

 
$
345

 
 
Net Income
 
$
403

 
$
319

 
$
227

 
$
231

 
$
344

 
$
278

 
$
276

 
$
239

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
 
March 31,
 
June 30, (A)
 
September 30,
 
December 31, (B)
 
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
PSEG Power:
 
Millions
 
 
Operating Revenues
 
$
1,416

 
$
1,403

 
$
1,083

 
$
767

 
$
771

 
$
868

 
$
1,115

 
$
1,108

 
 
Operating Income (Loss)
 
$
301

 
$
329

 
$
(86
)
 
$
42

 
$
79

 
$
112

 
$
154

 
$
113

 
 
Net Income (Loss)
 
$
296

 
$
234

 
$
(40
)
 
$
41

 
$
53

 
$
125

 
$
159

 
$
(35
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(A)
The decrease in Operating Income and Net Income at PSEG consolidated and PSEG Power in the second quarter of 2019 as compared to the same quarter in 2018 was primarily due to the loss in 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants, offsetting MTM net gains in 2019 as compared to net losses in 2018.
(B)
The increase in Net Income at PSEG consolidated and PSEG Power in the fourth quarter of 2019 as compared to the same quarter in 2018 was primarily due to net gains in 2019 as compared to net losses in 2018 on equity securities in PSEG Power’s NDT Fund.
PSEG Power LLC  
Schedule of Quarterly Data [Line Items]  
Selected Quarterly Data Selected Quarterly Data (Unaudited)
The information shown in the following tables, in the opinion of PSEG, PSE&G and PSEG Power includes all adjustments, consisting only of normal recurring accruals, necessary to fairly present such amounts.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
 
March 31,
 
June 30, (A)
 
September 30,
 
December 31, (B)
 
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
PSEG Consolidated:
 
Millions, except per share data
 
 
Operating Revenues
 
$
2,980

 
$
2,818

 
$
2,316

 
$
2,016

 
$
2,302

 
$
2,394

 
$
2,478

 
$
2,468

 
 
Operating Income
 
$
786

 
$
832

 
$
160

 
$
411

 
$
490

 
$
554

 
$
507

 
$
501

 
 
Net Income
 
$
700

 
$
558

 
$
153

 
$
269

 
$
403

 
$
412

 
$
437

 
$
199

 
 
Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
 
$
1.39

 
$
1.11

 
$
0.30

 
$
0.53

 
$
0.80

 
$
0.82

 
$
0.86

 
$
0.39

 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
 
$
1.38

 
$
1.10

 
$
0.30

 
$
0.53

 
$
0.79

 
$
0.81

 
$
0.86

 
$
0.39

 
 
Weighted Average Common Shares Outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
504

 
504

 
504

 
504

 
504

 
504

 
504

 
504

 
 
Diluted
 
507

 
507

 
507

 
507

 
507

 
507

 
507

 
508

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
PSE&G:
 
Millions
 
 
Operating Revenues
 
$
2,032

 
$
1,845

 
$
1,382

 
$
1,386

 
$
1,604

 
$
1,595

 
$
1,607

 
$
1,645

 
 
Operating Income
 
$
465

 
$
482

 
$
282

 
$
358

 
$
392

 
$
421

 
$
330

 
$
345

 
 
Net Income
 
$
403

 
$
319

 
$
227

 
$
231

 
$
344

 
$
278

 
$
276

 
$
239

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
 
March 31,
 
June 30, (A)
 
September 30,
 
December 31, (B)
 
 
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
PSEG Power:
 
Millions
 
 
Operating Revenues
 
$
1,416

 
$
1,403

 
$
1,083

 
$
767

 
$
771

 
$
868

 
$
1,115

 
$
1,108

 
 
Operating Income (Loss)
 
$
301

 
$
329

 
$
(86
)
 
$
42

 
$
79

 
$
112

 
$
154

 
$
113

 
 
Net Income (Loss)
 
$
296

 
$
234

 
$
(40
)
 
$
41

 
$
53

 
$
125

 
$
159

 
$
(35
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(A)
The decrease in Operating Income and Net Income at PSEG consolidated and PSEG Power in the second quarter of 2019 as compared to the same quarter in 2018 was primarily due to the loss in 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants, offsetting MTM net gains in 2019 as compared to net losses in 2018.
(B)
The increase in Net Income at PSEG consolidated and PSEG Power in the fourth quarter of 2019 as compared to the same quarter in 2018 was primarily due to net gains in 2019 as compared to net losses in 2018 on equity securities in PSEG Power’s NDT Fund.