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Trust Investments (Tables)
 12 Months Ended
Dec. 31, 2019
Nuclear Decommissioning Trust (NDT) Fund [Member]  
Schedule of Trust Investments [Line Items]  
Schedule of Available-for-sale Securities Reconciliation
The following tables show the fair values and gross unrealized gains and losses for the securities held in the NDT Fund.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2019
 
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
 
Millions
 
 
Equity Securities
 
 
 
 
 
 
 
 
 
 
Domestic
 
$
425

 
$
238

 
$
(4
)
 
$
659

 
 
International
 
400

 
103

 
(11
)
 
492

 
 
Total Equity Securities
 
825

 
341

 
(15
)
 
1,151

 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
 
 
 
Government
 
563

 
16

 
(2
)
 
577

 
 
Corporate
 
470

 
17

 
(1
)
 
486

 
 
Total Available-for-Sale Debt Securities
 
1,033

 
33

 
(3
)
 
1,063

 
 
Total NDT Fund Investments (A)
 
$
1,858

 
$
374

 
$
(18
)
 
$
2,214

 
 
 
 
 
 
 
 
 
 


 
(A)    The NDT Fund Investments table excludes foreign currency of $2 million as of December 31, 2019,
which is part of the NDT Fund.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2018
 
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
 
Millions
 
 
Equity Securities
 
 
 
 
 
 
 
 
 
 
Domestic
 
$
447

 
$
153

 
$
(29
)
 
$
571

 
 
International
 
323

 
36

—

(30
)
 
329

 
 
Total Equity Securities
 
770

 
189

 
(59
)
 
900

 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
 
 
 
Government
 
498

 
2

 
(9
)
 
491

 
 
Corporate
 
501

 
1

 
(15
)
 
487

 
 
Total Available-for-Sale Debt Securities
 
999

 
3

 
(24
)
 
978

 
 
Total NDT Fund Investments
 
$
1,769

 
$
192

 
$
(83
)
 
$
1,878

 
 
 
 
 
 
 
 
 
 
 
 
Schedule Of Accounts Receivable And Accounts Payable
The amounts in the preceding tables do not include receivables and payables for NDT Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Consolidated Balance Sheets as shown in the following table.
 
 
 
 
 
 
 
 
 
 
As of December 31,
 
 
 
 
2019
 
2018
 
 
 
 
Millions
 
 
Accounts Receivable
 
$
11

 
$
17

 
 
Accounts Payable
 
$
11

 
$
5

 
 
 
 
 
 
 
 
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months
The following table shows the value of securities in the NDT Fund that have been in an unrealized loss position for less than and greater than 12 months.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2019
 
As of December 31, 2018
 
 
 
 
Less Than 12
Months
 
Greater Than 12
Months
 
Less Than 12
Months
 
Greater Than 12
Months
 
 
 
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
 
 
 
Millions
 
 
Equity Securities (A)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Domestic
 
$
21

 
$
(1
)
 
$
6

 
$
(3
)
 
$
147

 
$
(26
)
 
$
5

 
$
(3
)
 
 
International
 
28

 
(2
)
 
34

 
(9
)
 
131

 
(28
)
 
5

 
(2
)
 
 
Total Equity Securities
 
49

 
(3
)
 
40

 
(12
)
 
278

 
(54
)
 
10

 
(5
)
 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government (B)
 
99

 
(2
)
 
30

 
—

 
51

 
—

 
317

 
(9
)
 
 
Corporate (C)
 
49

 
—

 
12

 
(1
)
 
150

 
(5
)
 
222

 
(10
)
 
 
Total Available-for-Sale Debt Securities
 
148

 
(2
)
 
42

 
(1
)
 
201

 
(5
)
 
539

 
(19
)
 
 
NDT Trust Investments
 
$
197

 
$
(5
)
 
$
82

 
$
(13
)
 
$
479

 
$
(59
)
 
$
549

 
$
(24
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(A)
Equity Securities—Investments in marketable equity securities within the NDT Fund are primarily in common stocks within a broad range of industries and sectors. Unrealized gains and losses on these securities are recorded in Net Income.
(B)
Debt Securities (Government)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). The unrealized losses on PSEG Power’s NDT investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. These investments are guaranteed by the U.S. government or an agency of the U.S. government. PSEG Power also has investments in municipal bonds that are primarily in investment grade securities. It is not expected that these securities will settle for less than their amortized cost. Since PSEG Power does not intend to sell these securities nor will it be more-likely-than-not required to sell, PSEG Power does not consider these debt securities to be other-than-temporarily impaired as of December 31, 2019.
(C)
Debt Securities (Corporate)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). PSEG Power’s investments in corporate bonds are primarily in investment grade securities. It is not expected that these securities would settle for less than their amortized cost. Since PSEG Power does not intend to sell these securities nor will it be more-likely-than-not required to sell, PSEG Power does not consider these debt securities to be other-than-temporarily impaired as of December 31, 2019.
Amount Of Available-For-Sale Debt Securities By Maturity Periods
The NDT Fund debt securities held as of December 31, 2019 had the following maturities:
 
 
 
 
 
 
Time Frame
 
Fair Value
 
 
 
 
Millions
 
 
Less than one year
 
$
19

 
 
1 - 5 years
 
273

 
 
6 - 10 years
 
188

 
 
11 - 15 years
 
51

 
 
16 - 20 years
 
77

 
 
Over 20 years
 
455

 
 
Total NDT Available-for-Sale Debt Securities
 
$
1,063

 
 
 
 
 
 
Schedule of Realized Gain (Loss)
The proceeds from the sales of and the net gains (losses) on securities in the NDT Fund were:
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
 
 
2019
 
2018
 
2017
 
 
 
 
Millions
 
 
Proceeds from Sales (A)
 
$
1,614

 
$
1,398

 
$
2,137

 
 
Net Realized Gains (Losses):
 
 
 
 
 
 
 
 
Gross Realized Gains
 
$
107

 
$
121

 
$
157

 
 
Gross Realized Losses
 
(53
)
 
(51
)
 
(23
)
 
 
Net Realized Gains (Losses) on NDT Fund (B)
 
54

 
70

 
134

 
 
Unrealized Gains (Losses) on Equity Securities in NDT Fund (C)
 
196

 
(209
)
 
N/A

 
 
Other-Than-Temporary-Impairments (OTTI)
 
—

 
—

 
(12
)
 
 
Net Gains (Losses) on NDT Fund Investments
 
$
250

 
$
(139
)
 
$
122

 
 
 
 
 
 
 
 
 
 

(A)
Includes activity in accounts related to the liquidation of funds being transitioned to new managers.
(B)
The cost of these securities was determined on the basis of specific identification.
Rabbi Trust [Member]  
Schedule of Trust Investments [Line Items]  
Schedule of Available-for-sale Securities Reconciliation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2019
 
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
 
Millions
 
 
Equity Securities
 
 
 
 
 
 
 
 
 
 
Domestic
 
$
21

 
$
7

 
$
—

 
$
28

 
 
International
 
—

 
—

 
—

 
—

 
 
Total Equity Securities
 
21

 
7

 
—

 
28

 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
 
 
 
  Government
 
100

 
4

 
—

 
104

 
 
  Corporate
 
107

 
7

 
—

 
114

 
 
Total Available-for-Sale Debt Securities
 
207

 
11

 
—

 
218

 
 
Total Rabbi Trust Investments
 
$
228

 
$
18

 
$
—

 
$
246

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2018
 
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
 
Millions
 
 
Equity Securities
 
 
 
 
 
 
 
 
 
 
Domestic
 
$
22

 
$
1

 
$
—

 
$
23

 
 
International
 
—

 
—

 
—

 
—

 
 
Total Equity Securities
 
22

 
1

 
—

 
23

 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
 
 
 
  Government
 
110

 
1

 
(2
)
 
109

 
 
  Corporate
 
96

 
—

 
(4
)
 
92

 
 
Total Available-for-Sale Debt Securities
 
206

 
1

 
(6
)
 
201

 
 
Total Rabbi Trust Investments
 
$
228

 
$
2

 
$
(6
)
 
$
224

 
 
 
 
 
 
 
 
 
 
 
 
Schedule Of Accounts Receivable And Accounts Payable
The amounts in the preceding tables do not include receivables and payables for Rabbi Trust Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Consolidated Balance Sheets as shown in the following table.
 
 
 
 
 
 
 
 
 
 
As of December 31,
 
 
 
 
2019
 
2018
 
 
 
 
Millions
 
 
Accounts Receivable
 
$
2

 
$
2

 
 
Accounts Payable
 
$
—

 
$
—

 
 
 
 
 
 
 
 
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months
The following table shows the value of securities in the Rabbi Trust Fund that have been in an unrealized loss position for less than and greater than 12 months:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2019
 
As of December 31, 2018
 
 
 
 
Less Than 12
Months
 
Greater Than 12
Months
 
Less Than 12
Months
 
Greater Than 12
Months
 
 
 
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
 
 
 
Millions
 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government (A)
 
$
26

 
$
—

 
$
3

 
$
—

 
$
18

 
$
—

 
$
59

 
$
(2
)
 
 
Corporate (B)
 
11

 
—

 
2

 
—

 
50

 
(3
)
 
29

 
(1
)
 
 
Total Available-for-Sale Debt Securities
 
37

 
—

 
5

 
—

 
68

 
(3
)
 
88

 
(3
)
 
 
Rabbi Trust Investments
 
$
37

 
$
—

 
$
5

 
$
—

 
$
68

 
$
(3
)
 
$
88

 
$
(3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

(A)
Debt Securities (Government)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). The unrealized losses on PSEG’s Rabbi Trust investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. These investments are guaranteed by the U.S. government or an agency of the U.S. government. PSEG also has investments in municipal bonds that are primarily in investment grade securities. It is not expected that these securities will settle for less than their amortized cost. Since PSEG does not intend to sell these securities nor will it be more-likely-than-not required to sell, PSEG does not consider these debt securities to be other-than-temporarily impaired as of December 31, 2019.
(B)
Debt Securities (Corporate)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). PSEG’s investments in corporate bonds are primarily in investment grade securities. It is not expected that these securities would settle for less than their amortized cost. Since PSEG does not intend to sell these securities nor will it be more-likely-than-not required to sell, PSEG does not consider these debt securities to be other-than-temporarily impaired as of December 31, 2019
Amount Of Available-For-Sale Debt Securities By Maturity Periods
The Rabbi Trust debt securities held as of December 31, 2019 had the following maturities:
 
 
 
 
 
 
Time Frame
 
Fair Value
 
 
 
 
Millions
 
 
Less than one year
 
$
3

 
 
1 - 5 years
 
28

 
 
6 - 10 years
 
33

 
 
11 - 15 years
 
14

 
 
16 - 20 years
 
28

 
 
Over 20 years
 
112

 
 
Total Rabbi Trust Available-for-Sale Debt Securities
 
$
218

 
 
 
 
 
 
Schedule of Realized Gain (Loss)
The proceeds from the sales of and the net gains (losses) on securities in the Rabbi Trust Fund were:
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
 
 
2019
 
2018
 
2017
 
 
 
 
Millions
 
 
Proceeds from Rabbi Trust Sales (A)
 
$
173

 
$
103

 
$
182

 
 
Net Realized Gains (Losses):
 
 
 
 
 
 
 
 
Gross Realized Gains
 
$
7

 
$
2

 
$
17

 
 
Gross Realized Losses
 
(3
)
 
(4
)
 
(5
)
 
 
Net Realized Gains (Losses) on Rabbi Trust (B)
 
4

 
(2
)
 
12

 
 
Unrealized Gains (Losses) on Equity Securities in Rabbi Trust (C)
 
6

 
(2
)
 
N/A

 
 
Net Gains (Losses) on Rabbi Trust Investments
 
$
10

 
$
(4
)
 
$
12

 
 
 
 
 
 
 
 
 
 

(A)
Includes activity in accounts related to the liquidation of funds being transitioned to new managers.
(B)
The cost of these securities was determined on the basis of specific identification.
(C)
Effective January 1, 2018, unrealized gains (losses) on equity securities are recorded in Net Income instead of Other Comprehensive Income (Loss).
Rabbi Trust Fair Value by Company The fair value of the Rabbi Trust related to PSEG, PSE&G and PSEG Power are detailed as follows:
 
 
 
 
 
 
 
 
 
 
As of December 31,
 
As of December 31,
 
 
 
 
2019
 
2018
 
 
 
 
Millions
 
 
PSE&G
 
$
48

 
$
45

 
 
PSEG Power
 
62

 
56

 
 
Other
 
136

 
123

 
 
Total Rabbi Trust Investments
 
$
246

 
$
224