XML 80 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Revenues $ 2,781 $ 2,980
Operating Expenses [Abstract]    
Energy Costs 906 1,124
Operation and Maintenance 754 756
Depreciation and Amortization 324 314
Total Operating Expenses 1,984 2,194
OPERATING INCOME 797 786
Income from Equity Method Investments 3 2
Net Gains (Losses) on Trust Investments (221) 128
Other Income (Deductions) 4 33
Non-Operating Pension and OPEB Credits (Costs) 62 33
Interest Expense (153) (133)
Income Before Income Taxes 492 849
Income Tax Benefit (Expense) (44) (149)
Net Income $ 448 $ 700
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
BASIC (shares) 504 504
DILUTED (shares) 507 507
EARNINGS PER SHARE:    
BASIC (dollars per share) $ 0.89 $ 1.39
DILUTED (dollars per share) $ 0.88 $ 1.38
Public Service Electric and Gas Company [Member]    
Operating Revenues $ 1,883 $ 2,032
Operating Expenses [Abstract]    
Energy Costs 708 947
Operation and Maintenance 386 408
Depreciation and Amortization 222 212
Total Operating Expenses 1,316 1,567
OPERATING INCOME 567 465
Net Gains (Losses) on Trust Investments 0 1
Other Income (Deductions) 27 19
Non-Operating Pension and OPEB Credits (Costs) 51 30
Interest Expense (96) (87)
Income Before Income Taxes 549 428
Income Tax Benefit (Expense) (109) (25)
Net Income 440 403
PSEG Power [Member]    
Operating Revenues 1,220 1,416
Operating Expenses [Abstract]    
Energy Costs 676 786
Operation and Maintenance 241 235
Depreciation and Amortization 94 94
Total Operating Expenses 1,011 1,115
OPERATING INCOME 209 301
Income from Equity Method Investments 3 2
Net Gains (Losses) on Trust Investments (220) 126
Other Income (Deductions) (23) 13
Non-Operating Pension and OPEB Credits (Costs) 8 3
Interest Expense (34) (25)
Income Before Income Taxes (57) 420
Income Tax Benefit (Expense) 70 (124)
Net Income $ 13 $ 296