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Accumulated Other Comprehensive Income (Loss), Net of Tax

3 Months Ended

Mar. 31, 2021

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Other Comprehensive Income (Loss), Net of Tax





















PSEG	Three Months Ended March 31, 2021
Accumulated Other Comprehensive Income (Loss)	Cash Flow Hedges		Pension and OPEB Plans		Available-for-Sale Securities		Total
	Millions
Balance as of December 31, 2020	$	(9)	$	(545)	$	50	$	(504)
Other Comprehensive Income (Loss) before Reclassifications	—		—		(40)		(40)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	1		3		(2)		2
Net Current Period Other Comprehensive Income (Loss)	1		3		(42)		(38)
Balance as of March 31, 2021	$	(8)	$	(542)	$	8	$	(542)

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)
Other Comprehensive Income (Loss) 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 Power	Three Months Ended March 31, 2021
Accumulated Other Comprehensive Income (Loss)	Cash Flow Hedges		Pension and OPEB Plans		Available-for-Sale Securities		Total
	Millions
Balance as of December 31, 2020	$	—	$	(459)	$	40	$	(419)
Other Comprehensive Income (Loss) before Reclassifications	—		—		(31)		(31)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	—		2		(1)		1
Net Current Period Other Comprehensive Income (Loss)	—		2		(32)		(30)
Balance as of March 31, 2021	$	—	$	(457)	$	8	$	(449)

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)
Other Comprehensive Income (Loss) 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			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, 2021
			Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount
			Millions
Cash Flow Hedges
Interest Rate Swaps	Interest Expense		$	(1)	$	—	$	(1)
Total Cash Flow Hedges			(1)		—		(1)
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)		(10)		3		(7)
Total Pension and OPEB Plans			(5)		2		(3)
Available-for-Sale Debt Securities
Realized Gains (Losses)	Net Gains (Losses) on Trust Investments		3		(1)		2
Total Available-for-Sale Debt Securities			3		(1)		2
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, 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 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, 2021
			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)	Net Gains (Losses) on Trust Investments		2		(1)		1
Total Available-for-Sale Debt Securities			2		(1)		1
Total			$	(1)	$	—	$	(1)



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 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Other Comprehensive Income (Loss), Net of Tax





















PSEG	Three Months Ended March 31, 2021
Accumulated Other Comprehensive Income (Loss)	Cash Flow Hedges		Pension and OPEB Plans		Available-for-Sale Securities		Total
	Millions
Balance as of December 31, 2020	$	(9)	$	(545)	$	50	$	(504)
Other Comprehensive Income (Loss) before Reclassifications	—		—		(40)		(40)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	1		3		(2)		2
Net Current Period Other Comprehensive Income (Loss)	1		3		(42)		(38)
Balance as of March 31, 2021	$	(8)	$	(542)	$	8	$	(542)

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)
Other Comprehensive Income (Loss) 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 Power	Three Months Ended March 31, 2021
Accumulated Other Comprehensive Income (Loss)	Cash Flow Hedges		Pension and OPEB Plans		Available-for-Sale Securities		Total
	Millions
Balance as of December 31, 2020	$	—	$	(459)	$	40	$	(419)
Other Comprehensive Income (Loss) before Reclassifications	—		—		(31)		(31)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	—		2		(1)		1
Net Current Period Other Comprehensive Income (Loss)	—		2		(32)		(30)
Balance as of March 31, 2021	$	—	$	(457)	$	8	$	(449)

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)
Other Comprehensive Income (Loss) 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			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, 2021
			Pre-Tax Amount		Tax (Expense) Benefit		After-Tax Amount
			Millions
Cash Flow Hedges
Interest Rate Swaps	Interest Expense		$	(1)	$	—	$	(1)
Total Cash Flow Hedges			(1)		—		(1)
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)		(10)		3		(7)
Total Pension and OPEB Plans			(5)		2		(3)
Available-for-Sale Debt Securities
Realized Gains (Losses)	Net Gains (Losses) on Trust Investments		3		(1)		2
Total Available-for-Sale Debt Securities			3		(1)		2
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, 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 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, 2021
			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)	Net Gains (Losses) on Trust Investments		2		(1)		1
Total Available-for-Sale Debt Securities			2		(1)		1
Total			$	(1)	$	—	$	(1)



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