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Pension, OPEB and Savings Plans (Changes In The Benefit Obligation And The Fair Value Of Plan Assets) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year [1] $ 6,449    
Fair Value of Assets at End of Year [1] 6,921 $ 6,449  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Accrued Benefit Cost (226) (171)  
Pension Benefits [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Accumulated Other Comprehensive Income (Loss), Defined Benefit Pension and Other Postretirement Plans, Before Tax 760 695  
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax 545 499  
Regulatory Assets 1,489 1,284  
Deferred Costs and Other Assets 159 137  
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year [2] 6,892 5,921  
Service Cost 141 123 $ 130
Interest Cost 192 218 208
Actuarial (Gain) Loss [3] 615 955  
Gross Benefits Paid (333) (325)  
Plan Assumptions 0 0  
Benefit Obligation at End of Year [2] 7,507 6,892 5,921
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 5,929 5,120  
Actual Return on Plan Assets 761 1,122  
Employer Contributions 11 12  
Gross Benefits Paid (333) (325)  
Fair Value of Assets at End of Year 6,368 5,929 5,120
Funded Status (Plan Assets less Benefit Obligation) (1,139) (963)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Current Accrued Benefit Cost (11) (11)  
Accrued Benefit Cost (1,128) (952)  
Amounts Recognized (1,139) (963)  
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]      
Prior Service Cost 0 (10)  
Net Actuarial Loss 2,354 2,150  
Total [4] (2,354) (2,140)  
Other Benefits [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year [2] 1,285 1,203  
Service Cost 9 10 18
Interest Cost 34 45 66
Actuarial (Gain) Loss [3] 32 109  
Gross Benefits Paid (50) (82)  
Plan Assumptions (4) 0  
Benefit Obligation at End of Year [2] 1,306 1,285 1,203
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 540 488  
Actual Return on Plan Assets 70 107  
Employer Contributions 4 27  
Gross Benefits Paid (50) (82)  
Fair Value of Assets at End of Year 564 540 488
Funded Status (Plan Assets less Benefit Obligation) (742) (745)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Current Accrued Benefit Cost (12) (11)  
Accrued Benefit Cost (730) (734)  
Amounts Recognized (742) (745)  
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]      
Prior Service Cost (310) (433)  
Net Actuarial Loss 364 409  
Total [4] (54) 24  
Long Island Electric Utility Servco LLC Pension and OPEB [Member]      
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 282    
Fair Value of Assets at End of Year 343 282  
Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Pension Benefits [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year 453 [5] 321  
Service Cost 33 26  
Interest Cost 14 14  
Actuarial (Gain) Loss 74 96  
Gross Benefits Paid (5) (4)  
Plan Assumptions 0 0  
Benefit Obligation at End of Year 569 [5] 453 [5] 321
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 282 212  
Actual Return on Plan Assets 36 46  
Employer Contributions 30 28  
Gross Benefits Paid (5) (4)  
Fair Value of Assets at End of Year 343 282 212
Funded Status (Plan Assets less Benefit Obligation) (226) (171)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Accrued Benefit Cost (226) (171)  
Amounts Recognized [6] (226) (171)  
Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Other Benefits [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year 626 [5] 501  
Service Cost 20 16  
Interest Cost 20 22  
Actuarial (Gain) Loss 42 96  
Gross Benefits Paid (9) (6)  
Plan Assumptions 0 (3)  
Benefit Obligation at End of Year 699 [5] 626 [5] 501
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 0 0  
Actual Return on Plan Assets 0 0  
Employer Contributions 9 6  
Gross Benefits Paid (9) (6)  
Fair Value of Assets at End of Year 0 0 $ 0
Funded Status (Plan Assets less Benefit Obligation) (699) (626)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Accrued Benefit Cost (699) (626)  
Amounts Recognized [6] $ (699) $ (626)  
[1] Excludes net receivables of $10 million and $15 million as of December 31, 2020 and 2019, respectively, which consist of interest, dividends and receivables and payables related to pending securities sales and purchases. In addition, the table excludes cash and foreign currency of $1 million and $5 million as of December 31, 2020 and 2019, respectively.
[2] Represents projected benefit obligation for pension benefits and the accumulated postretirement benefit obligation for other benefits. The vested benefit obligation is the actuarial present value of the vested benefits to which the employee is currently entitled but based on the employee’s expected date of separation or retirement.
[3] For pension benefits, the net actuarial loss was primarily due to a decrease in the discount rate. For OPEB, the net actuarial loss was primarily due to a decrease in the discount rate, partially offset by actuarial gains driven by lower than expected claims experience.
[4] Includes $760 million ($545 million, after-tax) and $695 million ($499 million, after-tax) in Accumulated Other Comprehensive Loss related to Pension and OPEB as of December 31, 2020 and 2019, respectively. Also includes Regulatory Assets of $1,489 million and Deferred Assets of $159 million as of December 31, 2020 and Regulatory Assets of $1,284 million and Deferred Assets of $137 million as of December 31, 2019.
[5] Represents projected benefit obligation for pension benefits and the accumulated postretirement benefit obligation for other benefits. The vested benefit obligation is the actuarial present value of the vested benefits to which the employee is currently entitled but based on the employee’s expected date of separation or retirement.(B)For pension benefits, the net actuarial loss was primarily due to a decrease in the discount rate. For OPEB, the net actuarial loss in 2020 was primarily due to a decrease in the discount rate, partially offset by actuarial gains driven by lower than expected participation experience. The OPEB net actuarial loss in 2019 was primarily due to a decrease in the discount rate.
[6] Amounts equal to the accrued pension and OPEB costs of Servco are offset in Long-Term Receivable of VIE on PSEG’s Consolidated Balance Sheets.