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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and Cash Equivalents $ 931 $ 834
Accounts Receivable 992 967
Tax Receivable 16 16
Unbilled Revenues 230 289
Fuel 491 685
Materials and Supplies, net 375 367
Prepayments 315 308
Derivative Contracts 202 156
Regulatory Assets 381 167
Other 28 122
Total Current Assets 3,961 3,911
PROPERTY, PLANT AND EQUIPMENT 25,596 25,080
Less: Accumulated Depreciation and Amortization (7,363) (7,231)
Net Property, Plant and Equipment 18,233 17,849
NONCURRENT ASSETS    
Regulatory Assets 3,437 3,805
Regulatory Assets of Variable Interest Entities (VIEs) 877 925
Long-Term Investments 1,276 1,303
Nuclear Decommissioning Trust (NDT) Fund 1,449 1,349
Other Special Funds 226 172
Goodwill 16 16
Other Intangibles 136 131
Derivative Contracts 131 106
Restricted Cash of VIEs 22 22
Other 238 232
Total Noncurrent Assets 7,808 8,061
TOTAL ASSETS 30,002 29,821
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 501 417
Securitization Debt of VIEs Due Within One Year 218 216
Commercial Paper and Loans 29 0
Accounts Payable 1,030 1,184
Derivative Contracts 154 131
Accrued Interest 115 97
Accrued Taxes 59 30
Deferred Income Taxes 258 170
Clean Energy Program 199 214
Obligation to Return Cash Collateral 119 107
Regulatory Liabilities 81 100
Other 345 291
Total Current Liabilities 3,108 2,957
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,693 5,458
Regulatory Liabilities 216 228
Regulatory Liabilities of VIEs 10 9
Asset Retirement Obligations 497 489
Other Postretirement Benefit (OPEB) Costs 1,115 1,127
Accrued Pension Costs 613 734
Clean Energy Program 0 39
Environmental Costs 606 643
Derivative Contracts 20 26
Long-Term Accrued Taxes 154 292
Other 85 86
Total Noncurrent Liabilities 9,009 9,131
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 8)      
LONG-TERM DEBT    
Long-Term Debt 6,544 6,694
Securitization Debt of VIEs 671 723
Project Level, Non-Recourse Debt 44 44
Total Long-Term Debt 7,259 7,461
STOCKHOLDERS' EQUITY    
Common Stock 4,823 4,823
Treasury Stock, at cost, 2012-27,663,745 shares; 2011-27,611,374 shares (605) (601)
Retained Earnings 6,699 6,385
Accumulated Other Comprehensive (Loss) Income (293) (337)
Total Common Stockholders' Equity 10,624 10,270
Noncontrolling Interest 2 2
Total Stockholders' Equity 10,626 10,272
Total Capitalization 17,885 17,733
TOTAL LIABILITIES AND CAPITALIZATION 30,002 29,821
Power [Member]
    
CURRENT ASSETS    
Cash and Cash Equivalents 5 12
Accounts Receivable 219 267
Accounts Receivable - Affiliated Companies, net 243 381
Short-Term Loan to Affiliate 1,035 907
Fuel 491 685
Materials and Supplies, net 278 272
Prepayments 48 24
Derivative Contracts 186 139
Total Current Assets 2,505 2,687
PROPERTY, PLANT AND EQUIPMENT 9,345 9,191
Less: Accumulated Depreciation and Amortization (2,550) (2,460)
Net Property, Plant and Equipment 6,795 6,731
NONCURRENT ASSETS    
Nuclear Decommissioning Trust (NDT) Fund 1,449 1,349
Other Special Funds 44 33
Goodwill 16 16
Other Intangibles 136 131
Derivative Contracts 51 55
Other 93 85
Total Noncurrent Assets 1,789 1,669
TOTAL ASSETS 11,089 11,087
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 0 66
Accounts Payable 473 541
Derivative Contracts 152 124
Accrued Interest 49 32
Deferred Income Taxes 56 53
Other 67 86
Total Current Liabilities 797 902
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 1,364 1,266
Asset Retirement Obligations 264 259
Other Postretirement Benefit (OPEB) Costs 183 180
Accrued Pension Costs 200 236
Derivative Contracts 18 24
Long-Term Accrued Taxes 52 8
Other 84 83
Total Noncurrent Liabilities 2,165 2,056
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 8)      
LONG-TERM DEBT    
Total Long-Term Debt 2,685 2,685
STOCKHOLDERS' EQUITY    
Contributed Capital 2,028 2,028
Basis Adjustment (986) (986)
Retained Earnings 4,632 4,678
Accumulated Other Comprehensive (Loss) Income (232) (276)
Total Stockholders' Equity 5,442 5,444
TOTAL LIABILITIES AND CAPITALIZATION 11,089 11,087
PSE And G [Member]
    
CURRENT ASSETS    
Cash and Cash Equivalents 35 143
Accounts Receivable 764 691
Tax Receivable 16 16
Unbilled Revenues 230 289
Deferred Income Taxes 5 0
Materials and Supplies, net 97 94
Prepayments 65 117
Regulatory Assets 381 167
Other 18 21
Total Current Assets 1,611 1,538
PROPERTY, PLANT AND EQUIPMENT 15,637 15,306
Less: Accumulated Depreciation and Amortization (4,572) (4,539)
Net Property, Plant and Equipment 11,065 10,767
NONCURRENT ASSETS    
Regulatory Assets 3,437 3,805
Regulatory Assets of Variable Interest Entities (VIEs) 877 925
Long-Term Investments 299 280
Other Special Funds 75 57
Derivative Contracts 34 4
Restricted Cash of VIEs 22 22
Other 94 89
Total Noncurrent Assets 4,838 5,182
TOTAL ASSETS 17,514 17,487
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 450 300
Securitization Debt of VIEs Due Within One Year 218 216
Commercial Paper and Loans 29 0
Accounts Payable 421 498
Accounts Payable - Affiliated Companies, net 280 280
Derivative Contracts 2 7
Accrued Interest 65 65
Deferred Income Taxes 0 32
Clean Energy Program 199 214
Obligation to Return Cash Collateral 119 107
Regulatory Liabilities 81 100
Other 278 186
Total Current Liabilities 2,142 2,005
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 3,803 3,675
Regulatory Liabilities 216 228
Regulatory Liabilities of VIEs 10 9
Asset Retirement Obligations 228 226
Other Postretirement Benefit (OPEB) Costs 885 900
Accrued Pension Costs 282 355
Clean Energy Program 0 39
Environmental Costs 555 592
Long-Term Accrued Taxes 23 [1] 83 [1]
Other 35 35
Total Noncurrent Liabilities 6,037 6,142
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 8)      
LONG-TERM DEBT    
Long-Term Debt 3,821 3,970
Securitization Debt of VIEs 671 723
Total Long-Term Debt 4,492 4,693
STOCKHOLDERS' EQUITY    
Common Stock 892 892
Contributed Capital 420 420
Basis Adjustment 986 986
Retained Earnings 2,544 2,347
Accumulated Other Comprehensive (Loss) Income 1 2
Total Stockholders' Equity 4,843 4,647
Total Capitalization 9,335 9,340
TOTAL LIABILITIES AND CAPITALIZATION $ 17,514 $ 17,487
[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.