Pension and OPEB (Tables)

9 Months Ended

Sep. 30, 2020

The following table provides the components of net periodic benefit costs relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization and co-owner allocations. Only the service cost component is eligible for capitalization, when applicable.



	Pension Benefits				OPEB				Pension Benefits				OPEB
	Three Months Ended				Three Months Ended				Nine Months Ended				Nine Months Ended
	September 30,				September 30,				September 30,				September 30,
	2020		2019		2020		2019		2020		2019		2020		2019
	Millions
Components of Net Periodic Benefit (Credits) Costs
Service Cost (included in O&M Expense)	$	36	$	33	$	2	$	2	$	106	$	90	$	7	$	7
Non-Service Components of Pension and OPEB (Credits) Costs
Interest Cost	48		51		8		12		144		167		25		34
Expected Return on Plan Assets	(111)		(108)		(10)		(9)		(332)		(301)		(29)		(27)
Amortization of Net
Prior Service Credit	(3)		(4)		(32)		(32)		(8)		(13)		(96)		(96)
Actuarial Loss	23		21		12		13		69		75		35		38
Non-Service Components of Pension and OPEB (Credits) Costs	(43)		(40)		(22)		(16)		(127)		(72)		(65)		(51)
Total Benefit (Credits) Costs	$	(7)	$	(7)	$	(20)	$	(14)	$	(21)	$	18	$	(58)	$	(44)

Schedule Of Pension And OPEB Costs

Pension and OPEB (credits) costs for PSE&G, PSEG Power and PSEG’s other subsidiaries, excluding Servco, are detailed as follows:



	Pension Benefits				OPEB				Pension Benefits				OPEB
	Three Months Ended				Three Months Ended				Nine Months Ended				Nine Months Ended
	September 30,				September 30,				September 30,				September 30,
	2020		2019		2020		2019		2020		2019		2020		2019
	Millions
PSE&G	$	(7)	$	(6)	$	(19)	$	(14)	$	(20)	$	7	$	(57)	$	(46)
PSEG Power	(1)		(2)		—		—		(4)		5		—		2
Other	1		1		(1)		—		3		6		(1)		—
Total Benefit (Credits) Costs	$	(7)	$	(7)	$	(20)	$	(14)	$	(21)	$	18	$	(58)	$	(44)