Debt and Credit Facilities Debt and Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2022

Debt and Credit Facilities [Abstract]

Schedule of Line of Credit Facilities [Table Text Block]

Each of the credit facilities is restricted as to availability and use to the specific companies as listed in the following table; however, if necessary, the PSEG facilities can also be used to support its subsidiaries’ liquidity needs.

The total credit facilities and available liquidity as of September 30, 2022 were as follows:

	As of September 30, 2022
Company/Facility	Total Facility		Usage (B)		Available Liquidity		Expiration Date	Primary Purpose
	Millions
PSEG
Revolving Credit Facility (A)	$	1,500	$	237	$	1,263	Mar 2027	Commercial Paper Support/Funding/Letters of Credit
Total PSEG	$	1,500	$	237	$	1,263
PSE&G
Revolving Credit Facility	$	1,000	$	18	$	982	Mar 2027	Commercial Paper Support/Funding/Letters of Credit
Total PSE&G	$	1,000	$	18	$	982
PSEG Power
Revolving Credit Facility (A)	$	1,250	$	117	$	1,133	Mar 2027	Funding/Letters of Credit
Letter of Credit Facility	200		196		4		Sept 2024	Letters of Credit
Letter of Credit Facility	100		85		15		Apr 2024	Letters of Credit
Letter of Credit Facility	100		91		9		Apr 2025	Letters of Credit
Total PSEG Power	$	1,650	$	489	$	1,161
Total (C)	$	4,150	$	744	$	3,406

(A)Master Credit Facility with sub-limits of $1.5 billion for PSEG and $1.25 billion for PSEG Power.

(B)The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of September 30, 2022, PSEG had $235 million outstanding at a weighted average interest rate of 3.10%. PSE&G had no Commercial Paper outstanding as of September 30, 2022.

(C)Amounts do not include uncommitted credit facilities.