Debt and Credit Facilities Debt and Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2023

Debt and Credit Facilities [Abstract]

Schedule of Line of Credit Facilities [Table Text Block]

Each of the credit facilities is restricted as to availability and use to the specific companies as listed in the following table; however, if necessary, the PSEG facilities can also be used to support its subsidiaries’ liquidity needs.

The total committed credit facilities and available liquidity as of March 31, 2023 were as follows:

	As of March 31, 2023
Company/Facility	Total Facility		Usage (B)		Available Liquidity		Expiration Date	Primary Purpose
	Millions
PSEG
Revolving Credit Facility (A)	$	1,500	$	2	$	1,498	Mar 2027	Commercial Paper Support/Funding/Letters of Credit
Total PSEG	$	1,500	$	2	$	1,498
PSE&G
Revolving Credit Facility	$	1,000	$	18	$	982	Mar 2027	Commercial Paper Support/Funding/Letters of Credit
Total PSE&G	$	1,000	$	18	$	982
PSEG Power
Revolving Credit Facility (A)	$	1,250	$	39	$	1,211	Mar 2027	Funding/Letters of Credit
Letter of Credit Facility	200		94		106		Sept 2024	Letters of Credit
Letter of Credit Facility	100		—		100		Apr 2025	Letters of Credit
Letter of Credit Facility	100		66		34		Apr 2024	Letters of Credit
Total PSEG Power	$	1,650	$	199	$	1,451
Total (C)	$	4,150	$	219	$	3,931

(A)Master Credit Facility with sub-limits of $1.5 billion for PSEG and $1.25 billion for PSEG Power; sub-limits can be adjusted pursuant to the terms of the Master Credit Facility agreement. The PSEG sub-limit includes a sustainability linked pricing based mechanism with potential increases or decreases, which are not expected to be material, depending on performance relative to targeted methane emission reductions.

(B)The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of March 31, 2023, neither PSEG nor PSE&G had any Commercial Paper outstanding.

(C)Amounts do not include uncommitted credit facilities.