XML 73 R26.htm IDEA: XBRL DOCUMENT v3.20.1
Accumulated Other Comprehensive Income (Loss), Net of Tax
 3 Months Ended
Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Accumulated Other Comprehensive Income (Loss), Net of Tax Accumulated Other Comprehensive Income (Loss), Net of Tax
 
 
 
 
 
 
 
 
 
 
 
 
PSEG
 
Three Months Ended March 31, 2020
 
 
Accumulated Other Comprehensive Income (Loss)
 
Cash Flow Hedges
 
Pension and OPEB Plans
 
Available-for-Sale Securities
 
Total
 
 
 
 
Millions
 
 
Balance as of December 31, 2019
 
$
(15
)
 
$
(499
)
 
$
25

 
$
(489
)
 
 
Current Period Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income before Reclassifications
 
(4
)
 
—

 
14

 
10

 
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
1

 
3

 
(6
)
 
(2
)
 
 
Net Current Period Other Comprehensive Income (Loss)
 
(3
)
 
3

 
8

 
8

 
 
Balance as of March 31, 2020
 
$
(18
)
 
$
(496
)
 
$
33

 
$
(481
)
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG
 
Three Months Ended March 31, 2019
 
 
Accumulated Other Comprehensive Income (Loss)
 
Cash Flow Hedges
 
Pension and OPEB Plans
 
Available-for-Sale Securities
 
Total
 
 
 
 
Millions
 
 
Balance as of December 31, 2018
 
$
(1
)
 
$
(360
)
 
$
(16
)
 
$
(377
)
 
 
Cumulative Effect Adjustment to Reclassify Stranded Tax Effects Resulting in the Change in the Federal Corporate Income Tax to Retained Earnings
 
—

 
(81
)
 
—

 
(81
)
 
 
Current Period Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income before Reclassifications
 
(4
)
 
(3
)
 
20

 
13

 
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
—

 
3

 
1

 
4

 
 
Net Current Period Other Comprehensive Income (Loss)
 
(4
)
 
—

 
21

 
17

 
 
Net Change in Accumulated Other Comprehensive Income (Loss)
 
(4
)
 
(81
)
 
21

 
(64
)
 
 
Balance as of March 31, 2019
 
$
(5
)
 
$
(441
)
 
$
5

 
$
(441
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG Power
 
Three Months Ended March 31, 2020
 
 
Accumulated Other Comprehensive Income (Loss)
 
Cash Flow Hedges
 
Pension and OPEB Plans
 
Available-for-Sale Securities
 
Total
 
 
 
 
Millions
 
 
Balance as of December 31, 2019
 
$
—

 
$
(420
)
 
$
19

 
$
(401
)
 
 
Current Period Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income before Reclassifications
 
—

 
—

 
11

 
11

 
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
—

 
2

 
(4
)
 
(2
)
 
 
Net Current Period Other Comprehensive Income (Loss)
 
—

 
2

 
7

 
9

 
 
Balance as of March 31, 2020
 
$
—

 
$
(418
)
 
$
26

 
$
(392
)
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG Power
 
Three Months Ended March 31, 2019
 
 
Accumulated Other Comprehensive Income (Loss)
 
Cash Flow Hedges
 
Pension and OPEB Plans
 
Available-for-Sale Securities
 
Total
 
 
 
 
Millions
 
 
Balance as of December 31, 2018
 
$
—

 
$
(306
)
 
$
(13
)
 
$
(319
)
 
 
Cumulative Effect Adjustment to Reclassify Stranded Tax Effects Resulting in the Change in the Federal Corporate Income Tax to Retained Earnings
 
—

 
(69
)
 
—

 
(69
)
 
 
Current Period Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income before Reclassifications
 
—

 
(3
)
 
15

 
12

 
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
—

 
3

 
1

 
4

 
 
Net Current Period Other Comprehensive Income (Loss)
 
—

 
—

 
16

 
16

 
 
Net Change in Accumulated Other Comprehensive Income (Loss)
 
—

 
(69
)
 
16

 
(53
)
 
 
Balance as of March 31, 2019
 
$
—

 
$
(375
)
 
$
3

 
$
(372
)
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
PSEG
 
 
 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Income Statement
 
 
 
 
 
Three Months Ended
 
 
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Location of Pre-Tax Amount In Statement of Operations
March 31, 2020
 
 
 
Pre-Tax Amount
 
Tax (Expense) Benefit
 
After-Tax Amount
 
 
 
 
 
Millions
 
 
Cash Flow Hedges
 
 
 
 
 
 
 
 
 
Interest Rate Swaps
 
Interest Expense
$
(2
)
 
$
1

 
$
(1
)
 
 
Total Cash Flow Hedges
 
 
(2
)
 
1

 
(1
)
 
 
Pension and OPEB Plans
 
 
 
 
 
 
 
Amortization of Prior Service (Cost) Credit
 
Non-Operating Pension and OPEB Credits (Costs)
6

 
(2
)
 
4

 
 
Amortization of Actuarial Loss
 
Non-Operating Pension and OPEB Credits (Costs)
(10
)
 
3

 
(7
)
 
 
Total Pension and OPEB Plans
(4
)
 
1

 
(3
)
 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
Realized Gains (Losses) and Impairments
 
Net Gains (Losses) on Trust Investments
9

 
(3
)
 
6

 
 
Total Available-for-Sale Debt Securities
9

 
(3
)
 
6

 
 
Total
 
 
$
3

 
$
(1
)
 
$
2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG
 
 
 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Income Statement
 
 
 
 
 
Three Months Ended
 
 
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Location of Pre-Tax Amount In Statement of Operations
March 31, 2019
 
 
 
Pre-Tax Amount
 
Tax (Expense) Benefit
 
After-Tax Amount
 
 
 
 
 
Millions
 
 
Pension and OPEB Plans
 
 
 
 
 
 
 
Amortization of Prior Service (Cost) Credit
 
Non-Operating Pension and OPEB Credits (Costs)
$
7

 
$
(2
)
 
$
5

 
 
Amortization of Actuarial Loss
 
Non-Operating Pension and OPEB Credits (Costs)
(12
)
 
4

 
(8
)
 
 
Total Pension and OPEB Plans
(5
)
 
2

 
(3
)
 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
Realized Gains (Losses)
 
Net Gains (Losses) on Trust Investments
(1
)
 
—

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

 
(1
)
 
 
Total
 
 
$
(6
)
 
$
2

 
$
(4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG Power
 
 
 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Income Statement
 
 
 
 
 
Three Months Ended
 
 
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Location of Pre-Tax Amount In Statement of Operations
March 31, 2020
 
 
 
Pre-Tax Amount
 
Tax (Expense) Benefit
 
After-Tax Amount
 
 
 
 
 
Millions
 
 
Pension and OPEB Plans
 
 
 
 
 
 
 
Amortization of Prior Service (Cost) Credit
 
Non-Operating Pension and OPEB Credits (Costs)
$
5

 
$
(1
)
 
$
4

 
 
Amortization of Actuarial Loss
 
Non-Operating Pension and OPEB Credits (Costs)
(8
)
 
2

 
(6
)
 
 
Total Pension and OPEB Plans
(3
)
 
1

 
(2
)
 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
Realized Gains (Losses) and Impairments
 
Net Gains (Losses) on Trust Investments
7

 
(3
)
 
4

 
 
Total Available-for-Sale Debt Securities
7

 
(3
)
 
4

 
 
Total
 
 
$
4

 
$
(2
)
 
$
2

 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
PSEG Power
 
 
 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Income Statement
 
 
 
 
 
Three Months Ended
 
 
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Location of Pre-Tax Amount In Statement of Operations
March 31, 2019
 
 
 
Pre-Tax Amount
 
Tax (Expense) Benefit
 
After-Tax Amount
 
 
 
 
 
Millions
 
 
Pension and OPEB Plans
 
 
 
 
 
 
 
Amortization of Prior Service (Cost) Credit
 
Non-Operating Pension and OPEB Credits (Costs)
$
6

 
$
(2
)
 
$
4

 
 
Amortization of Actuarial Loss
 
Non-Operating Pension and OPEB Credits (Costs)
(10
)
 
3

 
(7
)
 
 
Total Pension and OPEB Plans
(4
)
 
1

 
(3
)
 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
Realized Gains (Losses)
 
Net Gains (Losses) on Trust Investments
(1
)
 
—

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

 
(1
)
 
 
Total
 
 
$
(5
)
 
$
1

 
$
(4
)
 
 
 
 
 
 
 
 
 
 
 
PSEG Power [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Accumulated Other Comprehensive Income (Loss), Net of Tax Accumulated Other Comprehensive Income (Loss), Net of Tax
 
 
 
 
 
 
 
 
 
 
 
 
PSEG
 
Three Months Ended March 31, 2020
 
 
Accumulated Other Comprehensive Income (Loss)
 
Cash Flow Hedges
 
Pension and OPEB Plans
 
Available-for-Sale Securities
 
Total
 
 
 
 
Millions
 
 
Balance as of December 31, 2019
 
$
(15
)
 
$
(499
)
 
$
25

 
$
(489
)
 
 
Current Period Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income before Reclassifications
 
(4
)
 
—

 
14

 
10

 
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
1

 
3

 
(6
)
 
(2
)
 
 
Net Current Period Other Comprehensive Income (Loss)
 
(3
)
 
3

 
8

 
8

 
 
Balance as of March 31, 2020
 
$
(18
)
 
$
(496
)
 
$
33

 
$
(481
)
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG
 
Three Months Ended March 31, 2019
 
 
Accumulated Other Comprehensive Income (Loss)
 
Cash Flow Hedges
 
Pension and OPEB Plans
 
Available-for-Sale Securities
 
Total
 
 
 
 
Millions
 
 
Balance as of December 31, 2018
 
$
(1
)
 
$
(360
)
 
$
(16
)
 
$
(377
)
 
 
Cumulative Effect Adjustment to Reclassify Stranded Tax Effects Resulting in the Change in the Federal Corporate Income Tax to Retained Earnings
 
—

 
(81
)
 
—

 
(81
)
 
 
Current Period Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income before Reclassifications
 
(4
)
 
(3
)
 
20

 
13

 
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
—

 
3

 
1

 
4

 
 
Net Current Period Other Comprehensive Income (Loss)
 
(4
)
 
—

 
21

 
17

 
 
Net Change in Accumulated Other Comprehensive Income (Loss)
 
(4
)
 
(81
)
 
21

 
(64
)
 
 
Balance as of March 31, 2019
 
$
(5
)
 
$
(441
)
 
$
5

 
$
(441
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG Power
 
Three Months Ended March 31, 2020
 
 
Accumulated Other Comprehensive Income (Loss)
 
Cash Flow Hedges
 
Pension and OPEB Plans
 
Available-for-Sale Securities
 
Total
 
 
 
 
Millions
 
 
Balance as of December 31, 2019
 
$
—

 
$
(420
)
 
$
19

 
$
(401
)
 
 
Current Period Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income before Reclassifications
 
—

 
—

 
11

 
11

 
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
—

 
2

 
(4
)
 
(2
)
 
 
Net Current Period Other Comprehensive Income (Loss)
 
—

 
2

 
7

 
9

 
 
Balance as of March 31, 2020
 
$
—

 
$
(418
)
 
$
26

 
$
(392
)
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG Power
 
Three Months Ended March 31, 2019
 
 
Accumulated Other Comprehensive Income (Loss)
 
Cash Flow Hedges
 
Pension and OPEB Plans
 
Available-for-Sale Securities
 
Total
 
 
 
 
Millions
 
 
Balance as of December 31, 2018
 
$
—

 
$
(306
)
 
$
(13
)
 
$
(319
)
 
 
Cumulative Effect Adjustment to Reclassify Stranded Tax Effects Resulting in the Change in the Federal Corporate Income Tax to Retained Earnings
 
—

 
(69
)
 
—

 
(69
)
 
 
Current Period Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income before Reclassifications
 
—

 
(3
)
 
15

 
12

 
 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
—

 
3

 
1

 
4

 
 
Net Current Period Other Comprehensive Income (Loss)
 
—

 
—

 
16

 
16

 
 
Net Change in Accumulated Other Comprehensive Income (Loss)
 
—

 
(69
)
 
16

 
(53
)
 
 
Balance as of March 31, 2019
 
$
—

 
$
(375
)
 
$
3

 
$
(372
)
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
PSEG
 
 
 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Income Statement
 
 
 
 
 
Three Months Ended
 
 
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Location of Pre-Tax Amount In Statement of Operations
March 31, 2020
 
 
 
Pre-Tax Amount
 
Tax (Expense) Benefit
 
After-Tax Amount
 
 
 
 
 
Millions
 
 
Cash Flow Hedges
 
 
 
 
 
 
 
 
 
Interest Rate Swaps
 
Interest Expense
$
(2
)
 
$
1

 
$
(1
)
 
 
Total Cash Flow Hedges
 
 
(2
)
 
1

 
(1
)
 
 
Pension and OPEB Plans
 
 
 
 
 
 
 
Amortization of Prior Service (Cost) Credit
 
Non-Operating Pension and OPEB Credits (Costs)
6

 
(2
)
 
4

 
 
Amortization of Actuarial Loss
 
Non-Operating Pension and OPEB Credits (Costs)
(10
)
 
3

 
(7
)
 
 
Total Pension and OPEB Plans
(4
)
 
1

 
(3
)
 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
Realized Gains (Losses) and Impairments
 
Net Gains (Losses) on Trust Investments
9

 
(3
)
 
6

 
 
Total Available-for-Sale Debt Securities
9

 
(3
)
 
6

 
 
Total
 
 
$
3

 
$
(1
)
 
$
2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG
 
 
 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Income Statement
 
 
 
 
 
Three Months Ended
 
 
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Location of Pre-Tax Amount In Statement of Operations
March 31, 2019
 
 
 
Pre-Tax Amount
 
Tax (Expense) Benefit
 
After-Tax Amount
 
 
 
 
 
Millions
 
 
Pension and OPEB Plans
 
 
 
 
 
 
 
Amortization of Prior Service (Cost) Credit
 
Non-Operating Pension and OPEB Credits (Costs)
$
7

 
$
(2
)
 
$
5

 
 
Amortization of Actuarial Loss
 
Non-Operating Pension and OPEB Credits (Costs)
(12
)
 
4

 
(8
)
 
 
Total Pension and OPEB Plans
(5
)
 
2

 
(3
)
 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
Realized Gains (Losses)
 
Net Gains (Losses) on Trust Investments
(1
)
 
—

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

 
(1
)
 
 
Total
 
 
$
(6
)
 
$
2

 
$
(4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSEG Power
 
 
 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Income Statement
 
 
 
 
 
Three Months Ended
 
 
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Location of Pre-Tax Amount In Statement of Operations
March 31, 2020
 
 
 
Pre-Tax Amount
 
Tax (Expense) Benefit
 
After-Tax Amount
 
 
 
 
 
Millions
 
 
Pension and OPEB Plans
 
 
 
 
 
 
 
Amortization of Prior Service (Cost) Credit
 
Non-Operating Pension and OPEB Credits (Costs)
$
5

 
$
(1
)
 
$
4

 
 
Amortization of Actuarial Loss
 
Non-Operating Pension and OPEB Credits (Costs)
(8
)
 
2

 
(6
)
 
 
Total Pension and OPEB Plans
(3
)
 
1

 
(2
)
 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
Realized Gains (Losses) and Impairments
 
Net Gains (Losses) on Trust Investments
7

 
(3
)
 
4

 
 
Total Available-for-Sale Debt Securities
7

 
(3
)
 
4

 
 
Total
 
 
$
4

 
$
(2
)
 
$
2

 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
PSEG Power
 
 
 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Income Statement
 
 
 
 
 
Three Months Ended
 
 
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
 
Location of Pre-Tax Amount In Statement of Operations
March 31, 2019
 
 
 
Pre-Tax Amount
 
Tax (Expense) Benefit
 
After-Tax Amount
 
 
 
 
 
Millions
 
 
Pension and OPEB Plans
 
 
 
 
 
 
 
Amortization of Prior Service (Cost) Credit
 
Non-Operating Pension and OPEB Credits (Costs)
$
6

 
$
(2
)
 
$
4

 
 
Amortization of Actuarial Loss
 
Non-Operating Pension and OPEB Credits (Costs)
(10
)
 
3

 
(7
)
 
 
Total Pension and OPEB Plans
(4
)
 
1

 
(3
)
 
 
Available-for-Sale Debt Securities
 
 
 
 
 
 
 
Realized Gains (Losses)
 
Net Gains (Losses) on Trust Investments
(1
)
 
—

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

 
(1
)
 
 
Total
 
 
$
(5
)
 
$
1

 
$
(4
)