Condensed Consolidated Balance Sheets (USD $) In Millions	Jun. 30, 2011		Dec. 31, 2010
CURRENT ASSETS
Cash and Cash Equivalents	$ 159		$ 280
Accounts Receivable	1,128		1,387
Tax Receivable	96		689
Unbilled Revenues	262		400
Fuel	565		666
Materials and Supplies, net	359		359
Prepayments	446		204
Derivative Contracts	135		182
Assets of Discontinued Operations	294		564
Deferred Income Taxes	96		43
Regulatory Assets	135		155
Other	111		122
Total Current Assets	3,786		5,051
PROPERTY, PLANT AND EQUIPMENT	24,056		23,272
Less: Accumulated Depreciation and Amortization	(7,162)		(6,882)
Net Property, Plant and Equipment	16,894		16,390
NONCURRENT ASSETS
Regulatory Assets	3,371		3,736
Regulatory Assets of Variable Interest Entities (VIEs)	1,032		1,128
Long-Term Investments	1,654		1,623
Nuclear Decommissioning Trust (NDT) Funds	1,441		1,363
Other Special Funds	168		160
Goodwill	16		16
Other Intangibles	142		136
Derivative Contracts	63		79
Restricted Cash of VIEs	21		21
Other	201		206
Total Noncurrent Assets	8,109		8,468
TOTAL ASSETS	28,789		29,909
CURRENT LIABILITIES
Long-Term Debt Due Within One Year	976		915
Securitization Debt of VIEs Due Within One Year	211		206
Commercial Paper and Loans	298		64
Accounts Payable	1,018		1,176
Derivative Contracts	67		103
Accrued Interest	98		108
Accrued Taxes	25		49
Clean Energy Program	215		195
Obligation to Return Cash Collateral	107		104
Regulatory Liabilities	156		174
Liabilities of Discontinued Operations	51		72
Other	308		319
Total Current Liabilities	3,530		3,485
NONCURRENT LIABILITIES
Deferred Income Taxes and Investment Tax Credits (ITC)	5,121		5,129
Regulatory Liabilities	241		285
Regulatory Liabilities of VIEs	9		8
Asset Retirement Obligations	475		461
Other Postretirement Benefit (OPEB) Costs	949		967
Accrued Pension Costs	198		788
Clean Energy Program	120		235
Environmental Costs	646		669
Derivative Contracts	21		22
Long-Term Accrued Taxes	223		248
Other	82		152
Total Noncurrent Liabilities	8,085		8,964
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 8)
LONG-TERM DEBT
Long-Term Debt	6,180		6,834
Securitization Debt of VIEs	838		939
Project Level, Non-Recourse Debt	45		46
Total Long-Term Debt	7,063		7,819
STOCKHOLDERS' EQUITY
Common Stock	4,812		4,807
Treasury Stock, at cost, 2011-27,651,927 shares; 2010-27,582,437 shares	(601)		(593)
Retained Earnings	6,077		5,575
Accumulated Other Comprehensive Loss	(179)		(156)
Total Common Stockholders' Equity	10,109		9,633
Noncontrolling Interest	2		8
Total Stockholders' Equity	10,111		9,641
Total Capitalization	17,174		17,460
TOTAL LIABILITIES AND CAPITALIZATION	28,789		29,909
Power [Member]
CURRENT ASSETS
Cash and Cash Equivalents	14		11
Accounts Receivable	352		511
Accounts Receivable - Affiliated Companies, net	98		782
Short-Term Loan to Affiliate	609		398
Fuel	565		666
Materials and Supplies, net	267		269
Prepayments	38		80
Derivative Contracts	115		163
Assets of Discontinued Operations	294		564
Total Current Assets	2,352		3,444
PROPERTY, PLANT AND EQUIPMENT	8,867		8,643
Less: Accumulated Depreciation and Amortization	(2,457)		(2,301)
Net Property, Plant and Equipment	6,410		6,342
NONCURRENT ASSETS
Nuclear Decommissioning Trust (NDT) Funds	1,441		1,363
Other Special Funds	32		32
Goodwill	16		16
Other Intangibles	142		130
Derivative Contracts	26		42
Long-Term Accrued Taxes	20		16
Other	78		67
Total Noncurrent Assets	1,755		1,666
TOTAL ASSETS	10,517		11,452
CURRENT LIABILITIES
Long-Term Debt Due Within One Year	711		650
Accounts Payable	541		643
Derivative Contracts	58		91
Deferred Income Taxes	11		64
Accrued Interest	30		40
Liabilities of Discontinued Operations	51		72
Other	87		91
Total Current Liabilities	1,489		1,651
NONCURRENT LIABILITIES
Deferred Income Taxes and Investment Tax Credits (ITC)	1,082		1,146
Asset Retirement Obligations	250		242
Other Postretirement Benefit (OPEB) Costs	156		151
Accrued Pension Costs	77		253
Environmental Costs	51		51
Derivative Contracts	21		22
Other	37		104
Total Noncurrent Liabilities	1,674		1,969
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 8)
LONG-TERM DEBT
Total Long-Term Debt	2,140		2,805
STOCKHOLDERS' EQUITY
Contributed Capital	2,028		2,028
Basis Adjustment	(986)		(986)
Retained Earnings	4,299		4,080
Accumulated Other Comprehensive Loss	(127)		(95)
Total Stockholders' Equity	5,214		5,027
TOTAL LIABILITIES AND CAPITALIZATION	10,517		11,452
PSE&G [Member]
CURRENT ASSETS
Cash and Cash Equivalents	26		245
Accounts Receivable	766		832
Accounts Receivable - Affiliated Companies, net	19		0
Unbilled Revenues	262		400
Materials and Supplies, net	92		90
Prepayments	351		117
Regulatory Assets	135		155
Other	32		19
Total Current Assets	1,683		1,858
PROPERTY, PLANT AND EQUIPMENT	14,612		14,068
Less: Accumulated Depreciation and Amortization	(4,431)		(4,326)
Net Property, Plant and Equipment	10,181		9,742
NONCURRENT ASSETS
Regulatory Assets	3,371		3,736
Regulatory Assets of Variable Interest Entities (VIEs)	1,032		1,128
Long-Term Investments	252		230
Other Special Funds	56		54
Derivative Contracts	10		17
Restricted Cash of VIEs	21		21
Other	91		87
Total Noncurrent Assets	4,833		5,273
TOTAL ASSETS	16,697		16,873
CURRENT LIABILITIES
Long-Term Debt Due Within One Year	264		264
Securitization Debt of VIEs Due Within One Year	211		206
Commercial Paper and Loans	298		0
Accounts Payable	367		406
Accounts Payable - Affiliated Companies, net	0		85
Derivative Contracts	9		12
Deferred Income Taxes	23		19
Accrued Interest	65		65
Clean Energy Program	215		195
Obligation to Return Cash Collateral	107		104
Regulatory Liabilities	156		174
Other	212		229
Total Current Liabilities	1,927		1,759
NONCURRENT LIABILITIES
Deferred Income Taxes and Investment Tax Credits (ITC)	3,193		3,127
Regulatory Liabilities	241		285
Regulatory Liabilities of VIEs	9		8
Asset Retirement Obligations	221		216
Other Postretirement Benefit (OPEB) Costs	747		770
Accrued Pension Costs	23		377
Clean Energy Program	120		235
Environmental Costs	594		617
Long-Term Accrued Taxes	47	[1]	74	[1]
Other	24		23
Total Noncurrent Liabilities	5,219		5,732
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 8)
LONG-TERM DEBT
Long-Term Debt	4,020		4,019
Securitization Debt of VIEs	838		939
Total Long-Term Debt	4,858		4,958
STOCKHOLDERS' EQUITY
Common Stock	892		892
Contributed Capital	420		420
Basis Adjustment	986		986
Retained Earnings	2,394		2,126
Accumulated Other Comprehensive Loss	1		0
Total Stockholders' Equity	4,693		4,424
Total Capitalization	9,551		9,382
TOTAL LIABILITIES AND CAPITALIZATION	$ 16,697		$ 16,873

[1] PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a stand-alone basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are net operating losses and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits.