Pension and OPEB (Tables)

6 Months Ended

Jun. 30, 2021

Retirement Benefits [Abstract]

Components Of Net Periodic Benefit Cost

The following table provides the components of net periodic benefit credits 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				Six Months Ended				Six Months Ended
	June 30,				June 30,				June 30,				June 30,
	2021		2020		2021		2020		2021		2020		2021		2020
	Millions
Components of Net Periodic Benefit (Credits) Costs
Service Cost (included in O&M Expense)	$	38	$	35	$	2	$	3	$	76	$	70	$	4	$	5
Non-Service Components of Pension and OPEB (Credits) Costs
Interest Cost	35		48		6		8		70		96		11		17
Expected Return on Plan Assets	(119)		(110)		(11)		(9)		(238)		(221)		(21)		(19)
Amortization of Net
Prior Service Credit	—		(3)		(32)		(32)		—		(5)		(64)		(64)
Actuarial Loss	25		23		11		11		51		46		22		23
Non-Service Components of Pension and OPEB (Credits) Costs	(59)		(42)		(26)		(22)		(117)		(84)		(52)		(43)
Total Benefit (Credits) Costs	$	(21)	$	(7)	$	(24)	$	(19)	$	(41)	$	(14)	$	(48)	$	(38)

Schedule Of Pension And OPEB Costs

Pension and OPEB credits 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				Six Months Ended				Six Months Ended
	June 30,				June 30,				June 30,				June 30,
	2021		2020		2021		2020		2021		2020		2021		2020
	Millions
PSE&G	$	(16)	$	(6)	$	(23)	$	(19)	$	(32)	$	(13)	$	(46)	$	(38)
PSEG Power	(5)		(2)		—		—		(9)		(3)		(1)		—
Other	—		1		(1)		—		—		2		(1)		—
Total Benefit (Credits) Costs	$	(21)	$	(7)	$	(24)	$	(19)	$	(41)	$	(14)	$	(48)	$	(38)