XML 89 R73.htm IDEA: XBRL DOCUMENT v3.23.1
Debt and Credit Facilities Debt and Credit Facilities (Short-Term Liquidity) (Details) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Commercial Paper     $ 1,250   $ 2,200
Commitments of Single Institution as Percentage of Total Commitments     10.00%    
Line of Credit Facility, Remaining Borrowing Capacity [1]     $ 3,931    
Line of Credit Facility, Maximum Borrowing Capacity [1]     4,150    
Line of Credit Facility, Fair Value of Amount Outstanding [1],[2]     219    
Repayments of Short-term Debt     750 $ 1,250  
Collateral Already Posted, Aggregate Fair Value     727   $ 1,521
Net Change in Commercial Paper and Loans     (200) $ (593)  
Public Service Electric and Gas Company [Member]          
Line of Credit Facility, Remaining Borrowing Capacity     982    
Line of Credit Facility, Maximum Borrowing Capacity     1,000    
Line of Credit Facility, Fair Value of Amount Outstanding     18    
PSEG Power [Member]          
Line of Credit Facility, Remaining Borrowing Capacity     1,451    
Line of Credit Facility, Maximum Borrowing Capacity     1,650    
Line of Credit Facility, Fair Value of Amount Outstanding     199    
Five Year Credit Facility Maturing March 2023 [Member] | Public Service Electric and Gas Company [Member]          
Line of Credit Facility, Remaining Borrowing Capacity     $ 982    
Debt Instrument, Maturity Date, Description     Mar 2027    
Line of Credit Facility, Maximum Borrowing Capacity     $ 1,000    
Line of Credit Facility, Fair Value of Amount Outstanding [2]     18    
Five Year Credit Facility Maturing March 2023 [Member] | PSEG Power [Member]          
Line of Credit Facility, Remaining Borrowing Capacity     $ 1,211    
Debt Instrument, Maturity Date, Description     Mar 2027    
Line of Credit Facility, Maximum Borrowing Capacity [3]     $ 1,250    
Line of Credit Facility, Fair Value of Amount Outstanding     39    
Letter of Credit Facilities expiring April 2024 | PSEG Power [Member]          
Line of Credit Facility, Remaining Borrowing Capacity     $ 34    
Debt Instrument, Maturity Date, Description     Apr 2024    
Line of Credit Facility, Maximum Borrowing Capacity     $ 100    
Line of Credit Facility, Fair Value of Amount Outstanding     66    
Letter of Credit Facilities expiring April 2025 | PSEG Power [Member]          
Line of Credit Facility, Remaining Borrowing Capacity     $ 106    
Debt Instrument, Maturity Date, Description     Sept 2024    
Line of Credit Facility, Maximum Borrowing Capacity     $ 200    
Line of Credit Facility, Fair Value of Amount Outstanding     94    
Letter of Credit Facilities expiring September 2024 | PSEG Power [Member]          
Line of Credit Facility, Remaining Borrowing Capacity     $ 100    
Debt Instrument, Maturity Date, Description     Apr 2025    
Line of Credit Facility, Maximum Borrowing Capacity     $ 100    
Line of Credit Facility, Fair Value of Amount Outstanding     0    
Uncommitted Letter of Credit Facility | PSEG Power [Member]          
Line of Credit Facility, Maximum Borrowing Capacity     150    
April 2022 Term Loan          
Proceeds from Short-Term Loan   $ 1,500      
Repayments of Short-term Debt     750    
April 2022 Term Loan | Subsequent Event [Member]          
Repayments of Short-term Debt $ 750        
April 2023 Term Loan | Subsequent Event [Member]          
Proceeds from Short-Term Loan $ 750        
PSEG [Member]          
Line of Credit Facility, Remaining Borrowing Capacity     1,498    
Line of Credit Facility, Maximum Borrowing Capacity     1,500    
Line of Credit Facility, Fair Value of Amount Outstanding     2    
PSEG [Member] | Five Year Credit Facility Maturing March 2023 [Member]          
Line of Credit Facility, Remaining Borrowing Capacity     $ 1,498    
Debt Instrument, Maturity Date, Description     Mar 2027    
Line of Credit Facility, Maximum Borrowing Capacity [3]     $ 1,500    
Line of Credit Facility, Fair Value of Amount Outstanding [2]     $ 2    
[1] Amounts do not include uncommitted credit facilities.
[2] 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.
[3] 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.