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Pension, OPEB and Savings Plans (Changes In The Benefit Obligation And The Fair Value Of Plan Assets) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]      
Deferred Costs and Other Assets $ 8,383 $ 8,835  
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year [1] 6,921    
Fair Value of Assets at End of Year [1] 7,499 6,921  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Accrued Benefit Cost (174) (226)  
Pension Benefits [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Accumulated Other Comprehensive Income (Loss), Defined Benefit Pension and Other Postretirement Plans, Before Tax 495 760  
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax 355 545  
Regulatory Assets 1,043 1,489  
Deferred Costs and Other Assets 117 159  
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year [2] 7,507 6,892  
Service Cost 151 141 $ 123
Interest Cost 140 192 218
Actuarial (Gain) Loss [3] (199) 615  
Gross Benefits Paid (359) (333)  
Plan Assumptions 0 0  
Benefit Obligation at End of Year [2] 7,240 7,507 6,892
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 6,368 5,929  
Actual Return on Plan Assets 886 761  
Employer Contributions 11 11  
Gross Benefits Paid (359) (333)  
Fair Value of Assets at End of Year 6,906 6,368 5,929
Funded Status (Plan Assets less Benefit Obligation) (334) (1,139)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Current Accrued Benefit Cost (16) [4] (11)  
Accrued Benefit Cost (318) (1,128)  
Amounts Recognized (334) (1,139)  
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]      
Prior Service Cost 0 0  
Net Actuarial Loss 1,643 2,354  
Total [5] (1,643) (2,354)  
Liability, Defined Benefit Plan, Current portion held for sale 5    
Other Benefits [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year [2] 1,306 1,285  
Service Cost 9 9 10
Interest Cost 22 34 45
Actuarial (Gain) Loss [3] (90) 32  
Gross Benefits Paid (50) (50)  
Plan Assumptions 0 (4)  
Benefit Obligation at End of Year [2] 1,197 1,306 1,285
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 564 540  
Actual Return on Plan Assets 79 70  
Employer Contributions 13 4  
Gross Benefits Paid (50) (50)  
Fair Value of Assets at End of Year 606 564 540
Funded Status (Plan Assets less Benefit Obligation) (591) (742)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Current Accrued Benefit Cost (19) [4] (12)  
Accrued Benefit Cost (572) (730)  
Amounts Recognized (591) (742)  
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]      
Prior Service Cost (181) (310)  
Net Actuarial Loss 193 364  
Total [5] (12) (54)  
Liability, Defined Benefit Plan, Current portion held for sale 7    
Long Island Electric Utility Servco LLC Pension and OPEB [Member]      
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 343    
Fair Value of Assets at End of Year 422 343  
Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Pension Benefits [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year 569 [6] 453  
Service Cost 38 33  
Interest Cost 14 14  
Actuarial (Gain) Loss (18) 74  
Gross Benefits Paid (7) (5)  
Plan Assumptions 0 0  
Benefit Obligation at End of Year 596 [6] 569 [6] 453
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 343 282  
Actual Return on Plan Assets 49 36  
Employer Contributions 37 30  
Gross Benefits Paid (7) (5)  
Fair Value of Assets at End of Year 422 343 282
Funded Status (Plan Assets less Benefit Obligation) (174) (226)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Accrued Benefit Cost (174) (226)  
Amounts Recognized [7] (174) (226)  
Long Island Electric Utility Servco LLC Pension and OPEB [Member] | Other Benefits [Member]      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation at Beginning of Year 699 [6] 626  
Service Cost 23 20  
Interest Cost 18 20  
Actuarial (Gain) Loss (89) 42  
Gross Benefits Paid (11) (9)  
Plan Assumptions 0 0  
Benefit Obligation at End of Year 640 [6] 699 [6] 626
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair Value of Assets at Beginning of Year 0 0  
Actual Return on Plan Assets 0 0  
Employer Contributions 11 9  
Gross Benefits Paid (11) (9)  
Fair Value of Assets at End of Year 0 0 $ 0
Funded Status (Plan Assets less Benefit Obligation) (640) (699)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]      
Accrued Benefit Cost (640) (699)  
Amounts Recognized [7] $ (640) $ (699)  
[1] Excludes net receivables of $11 million and $10 million as of December 31, 2021 and 2020, respectively, which consist of interest, dividends and receivables and payables related to pending securities sales and purchases. In addition, the table excludes cash and foreign currency of $2 million and $1 million as of December 31, 2021 and 2020, respectively.
[2] Represents projected benefit obligation for pension benefits and the accumulated postretirement benefit obligation for other benefits. The vested benefit obligation is the actuarial present value of the vested benefits to which the employee is currently entitled but based on the employee’s expected date of separation or retirement.
[3] For pension benefits, the net actuarial gain in 2021 was due primarily to an increase in the discount rate. For OPEB, the net actuarial gain in 2021 was due primarily to an increase in the discount rate coupled with lower than expected claims experience. For pension benefits, the net actuarial loss in 2020 was due primarily to a decrease in the discount rate. For OPEB, the net actuarial loss in 2020 was due primarily to a decrease in the discount rate, partially offset by actuarial gains driven by lower than expected claims experience.
[4] Includes ($5) million and ($7) million for pension benefits and other benefits, respectively, as of December 31, 2021 classified as Held for Sale. For additional information, see Note 4. Early Plant Retirements/Asset Dispositions and Impairments.
[5] Includes $495 million ($355 million, after-tax) and $760 million ($545 million, after-tax) in Accumulated Other Comprehensive Loss related to Pension and OPEB as of December 31, 2021 and 2020, respectively. Also includes Regulatory Assets of $1,043 million and Deferred Assets of $117 million as of December 31, 2021 and Regulatory Assets of $1,489 million and Deferred Assets of $159 million as of December 31, 2020
[6] Represents projected benefit obligation for pension benefits and the accumulated postretirement benefit obligation for other benefits. The vested benefit obligation is the actuarial present value of the vested benefits to which the employee is currently entitled but based on the employee’s expected date of separation or retirement.(B)For pension benefits, the net actuarial gain in 2021 was due primarily to an increase in the discount rate. For OPEB, the net actuarial gain in 2021 was due primarily to updated assumptions. For pension benefits, the net actuarial loss in 2020 was due primarily to a decrease in the discount rate. For OPEB, the net actuarial loss in 2020 was due primarily to a decrease in the discount rate, partially offset by actuarial gains driven by lower than expected participation experience.
[7] Amounts equal to the accrued pension and OPEB costs of Servco are offset in Long-Term Receivable of VIE on PSEG’s Consolidated Balance Sheets.