Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Payment Award, Valuation Assumptions [Table Text Block]

PSEG recognizes compensation expense for the total shareholder return (TSR) target for its PSU awards based on the grant date fair values of the award, which are determined using the Monte Carlo model. The following table provides the assumptions used to calculate the grant date fair value of the TSR portion of the PSU awards for 2019, 2018 and 2017:

Grant Date	Risk-Free Interest Rate	Volatility
February 19, 2019	2.47%	16.74%
February 20, 2018	2.36%	17.57%
February 21, 2017	1.50%	20.00%

Share Based Compensation Impacts

	2019		2018		2017
	Millions
Compensation Cost included in Operation and Maintenance Expense	$	33	$	30	$	31
Income Tax Benefit Recognized in Consolidated Statement of Operations	$	9	$	9	$	13

Activity For Options Exercised

Activity for options exercised for the years ended December 31, 2019, 2018 and 2017 is shown below:

	2019		2018		2017
	Millions
Total Intrinsic Value of Options Exercised	$	5	$	2	$	5
Cash Received from Options Exercised	$	8	$	4	$	26
Tax Benefit Realized from Options Exercised	$	1	$	—	$	—

Restricted Stock Units Activity

Changes in RSUs for the year ended December 31, 2019 are summarized as follows:

	Shares	Weighted Average Grant Date Fair Value		Weighted Average Remaining Years Contractual Term	Aggregate Intrinsic Value
Non-vested as of January 1, 2019	257,583	$	46.58
Granted	200,923	$	56.24
Vested	207,126	$	51.34
Canceled/Forfeited	36,399	$	50.23
Non-vested as of December 31, 2019	214,981	$	50.41	1.1	$	12,694,628

Performance Units Information

Changes in PSUs for the year ended December 31, 2019 are summarized as follows:

	Shares	Weighted Average Grant Date Fair Value		Weighted Average Remaining Years Contractual Term	Aggregate Intrinsic Value
Non-vested as of January 1, 2019	377,541	$	51.94
Granted	320,078	$	62.17
Vested	299,201	$	54.10
Canceled/Forfeited	63,903	$	54.52
Non-vested as of December 31, 2019	334,515	$	59.30	1.6	$	19,753,111