Pension and OPEB (Tables)

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Components Of Net Periodic Benefit Cost

The following table provides the components of net periodic benefit credits relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization and co-owner allocations. Only the service cost component is eligible for capitalization, when applicable.

	Pension Benefits				OPEB				Pension Benefits				OPEB
	Three Months Ended				Three Months Ended				Nine Months Ended				Nine Months Ended
	September 30,				September 30,				September 30,				September 30,
	2021		2020		2021		2020		2021		2020		2021		2020
	Millions
Components of Net Periodic Benefit (Credits) Costs
Service Cost (included in O&M Expense)	$	37	$	36	$	3	$	2	$	113	$	106	$	7	$	7
Non-Service Components of Pension and OPEB (Credits) Costs
Interest Cost	35		48		5		8		105		144		16		25
Expected Return on Plan Assets	(119)		(111)		(10)		(10)		(357)		(332)		(31)		(29)
Amortization of Net
Prior Service Credit	—		(3)		(33)		(32)		—		(8)		(97)		(96)
Actuarial Loss	26		23		11		12		77		69		33		35
Non-Service Components of Pension and OPEB (Credits) Costs	(58)		(43)		(27)		(22)		(175)		(127)		(79)		(65)
Total Benefit (Credits) Costs	$	(21)	$	(7)	$	(24)	$	(20)	$	(62)	$	(21)	$	(72)	$	(58)

Schedule Of Pension And OPEB Costs

Pension and OPEB credits for PSE&G, PSEG Power and PSEG’s other subsidiaries, excluding Servco, are detailed as follows:

	Pension Benefits				OPEB				Pension Benefits				OPEB
	Three Months Ended				Three Months Ended				Nine Months Ended				Nine Months Ended
	September 30,				September 30,				September 30,				September 30,
	2021		2020		2021		2020		2021		2020		2021		2020
	Millions
PSE&G	$	(16)	$	(7)	$	(23)	$	(19)	$	(48)	$	(20)	$	(69)	$	(57)
PSEG Power	(4)		(1)		(1)		—		(13)		(4)		(2)		—
Other	(1)		1		—		(1)		(1)		3		(1)		(1)
Total Benefit (Credits) Costs	$	(21)	$	(7)	$	(24)	$	(20)	$	(62)	$	(21)	$	(72)	$	(58)