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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
CURRENT ASSETS    
Cash and Cash Equivalents $ 834 $ 280
Accounts Receivable 967 1,387
Tax Receivable 16 689
Unbilled Revenues 289 400
Fuel 685 666
Materials and Supplies, net 367 359
Prepayments 308 204
Derivative Contracts 156 182
Assets of Discontinued Operations 0 564
Deferred Income Taxes 0 43
Regulatory Assets 167 155
Other 122 122
Total Current Assets 3,911 5,051
PROPERTY, PLANT AND EQUIPMENT 25,080 23,272
Less: Accumulated Depreciation and Amortization (7,231) (6,882)
Net Property, Plant and Equipment 17,849 16,390
NONCURRENT ASSETS    
Regulatory Assets 3,805 3,736
Regulatory Assets of Variable Interest Entities (VIEs) 925 1,128
Total Long-Term Investments 1,303 1,623
Nuclear Decommissioning Trust (NDT) Funds 1,349 1,363
Other Special Funds 172 160
Goodwill 16 16
Other Intangibles 131 136
Derivative Contracts 106 79
Restricted Cash of VIEs 22 21
Other 232 206
Total Noncurrent Assets 8,061 8,468
TOTAL ASSETS 29,821 29,909
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 417 915
Securitization Debt of VIEs Due Within One Year 216 206
Commercial Paper and Loans 0 64
Accounts Payable 1,184 1,176
Derivative Contracts 131 103
Accrued Interest 97 108
Accrued Taxes 30 49
Deferred Income Taxes 170 0
Clean Energy Program 214 195
Obligation to Return Cash Collateral 107 104
Regulatory Liabilities 100 174
Liabilities of Discontinued Operations 0 72
Other 291 319
Total Current Liabilities 2,957 3,485
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,458 5,129
Regulatory Liabilities 228 285
Regulatory Liabilities of VIEs 9 8
Asset Retirement Obligations 489 461
Other Postretirement Benefit (OPEB) Costs 1,127 967
Accrued Pension Costs 734 788
Clean Energy Program 39 235
Environmental Costs 643 669
Derivative Contracts 26 22
Long-Term Accrued Taxes 292 248
Other 86 152
Total Noncurrent Liabilities 9,131 8,964
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 13)      
LONG-TERM DEBT    
Long-Term Debt 6,694 6,834
Securitization Debt of VIEs 723 939
Project Level, Non-Recourse Debt 44 46
Total Long-Term Debt 7,461 7,819
STOCKHOLDERS' EQUITY    
Common Stock 4,823 4,807
Treasury Stock, at cost, 2011-27,611,374 shares; 2010-27,582,437 shares (601) (593)
Retained Earnings 6,385 5,575
Accumulated Other Comprehensive Loss (Income) (337) (156)
Total Common Stockholders' Equity 10,270 9,633
Noncontrolling Interest 2 8
Total Stockholders' Equity 10,272 9,641
Total Capitalization 17,733 17,460
TOTAL LIABILITIES AND CAPITALIZATION 29,821 29,909
Power [Member]
    
CURRENT ASSETS    
Cash and Cash Equivalents 12 11
Accounts Receivable 267 511
Accounts Receivable - Affiliated Companies, net 381 782
Short-Term Loan to Affiliate 907 398
Fuel 685 666
Materials and Supplies, net 272 269
Prepayments 24 80
Derivative Contracts 139 163
Assets of Discontinued Operations 0 564
Total Current Assets 2,687 3,444
PROPERTY, PLANT AND EQUIPMENT 9,191 8,643
Less: Accumulated Depreciation and Amortization (2,460) (2,301)
Net Property, Plant and Equipment 6,731 6,342
NONCURRENT ASSETS    
Nuclear Decommissioning Trust (NDT) Funds 1,349 1,363
Other Special Funds 33 32
Goodwill 16 16
Other Intangibles 131 130
Derivative Contracts 55 42
Long-Term Accrued Taxes 0 16
Other 85 67
Total Noncurrent Assets 1,669 1,666
TOTAL ASSETS 11,087 11,452
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 66 650
Accounts Payable 541 643
Derivative Contracts 124 91
Accrued Interest 32 40
Deferred Income Taxes 53 64
Liabilities of Discontinued Operations 0 72
Other 86 91
Total Current Liabilities 902 1,651
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 1,266 1,146
Asset Retirement Obligations 259 242
Other Postretirement Benefit (OPEB) Costs 180 151
Accrued Pension Costs 236 253
Derivative Contracts 24 22
Long-Term Accrued Taxes 8 0
Other 83 155
Total Noncurrent Liabilities 2,056 1,969
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 13)      
LONG-TERM DEBT    
Total Long-Term Debt 2,685 2,805
STOCKHOLDERS' EQUITY    
Contributed Capital 2,028 2,028
Basis Adjustment (986) (986)
Retained Earnings 4,678 4,080
Accumulated Other Comprehensive Loss (Income) (276) (95)
Total Stockholders' Equity 5,444 5,027
TOTAL LIABILITIES AND CAPITALIZATION 11,087 11,452
PSE&G [Member]
    
CURRENT ASSETS    
Cash and Cash Equivalents 143 245
Accounts Receivable 691 832
Tax Receivable 16 0
Unbilled Revenues 289 400
Materials and Supplies, net 94 90
Prepayments 117 117
Regulatory Assets 167 155
Other 21 19
Total Current Assets 1,538 1,858
PROPERTY, PLANT AND EQUIPMENT 15,306 14,068
Less: Accumulated Depreciation and Amortization (4,539) (4,326)
Net Property, Plant and Equipment 10,767 9,742
NONCURRENT ASSETS    
Regulatory Assets 3,805 3,736
Regulatory Assets of Variable Interest Entities (VIEs) 925 1,128
Total Long-Term Investments 280 230
Other Special Funds 57 54
Derivative Contracts 4 17
Restricted Cash of VIEs 22 21
Other 89 87
Total Noncurrent Assets 5,182 5,273
TOTAL ASSETS 17,487 16,873
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 300 264
Securitization Debt of VIEs Due Within One Year 216 206
Accounts Payable 498 406
Accounts Payable - Affiliated Companies, net 280 85
Derivative Contracts 7 12
Accrued Interest 65 65
Deferred Income Taxes 32 19
Clean Energy Program 214 195
Obligation to Return Cash Collateral 107 104
Regulatory Liabilities 100 174
Other 186 229
Total Current Liabilities 2,005 1,759
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 3,675 3,127
Regulatory Liabilities 228 285
Regulatory Liabilities of VIEs 9 8
Asset Retirement Obligations 226 216
Other Postretirement Benefit (OPEB) Costs 900 770
Accrued Pension Costs 355 377
Clean Energy Program 39 235
Environmental Costs 592 617
Long-Term Accrued Taxes 83 [1] 74 [1]
Other 35 23
Total Noncurrent Liabilities 6,142 5,732
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 13)      
LONG-TERM DEBT    
Long-Term Debt 3,970 4,019
Securitization Debt of VIEs 723 939
Total Long-Term Debt 4,693 4,958
STOCKHOLDERS' EQUITY    
Common Stock 892 892
Contributed Capital 420 420
Basis Adjustment 986 986
Retained Earnings 2,347 2,126
Accumulated Other Comprehensive Loss (Income) 2 0
Total Stockholders' Equity 4,647 4,424
Total Capitalization 9,340 9,382
TOTAL LIABILITIES AND CAPITALIZATION $ 17,487 $ 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.