XML 90 R73.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debt and Credit Facilities Debt and Credit Facilities (Short-Term Liquidity) (Details) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended
Apr. 30, 2024
Aug. 31, 2023
Apr. 30, 2023
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Commercial Paper       $ 525   $ 949
Commitments of Single Institution as Percentage of Total Commitments       10.00%    
Line of Credit Facility, Remaining Borrowing Capacity [1]       $ 3,811    
Line of Credit Facility, Maximum Borrowing Capacity [1]       4,025    
Line of Credit Facility, Fair Value of Amount Outstanding [1],[2]       214    
Repayments of Short-term Debt       0 $ 750  
Collateral Already Posted, Aggregate Fair Value       281   113
Net Change in Commercial Paper and Loans       (425) (200)  
Public Service Electric and Gas Company [Member]            
Commercial Paper       25   $ 425
Line of Credit Facility, Remaining Borrowing Capacity       955    
Line of Credit Facility, Maximum Borrowing Capacity       1,000    
Line of Credit Facility, Fair Value of Amount Outstanding       45    
Net Change in Commercial Paper and Loans       (400) $ 0  
PSEG Power [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       1,358    
Line of Credit Facility, Maximum Borrowing Capacity       1,525    
Line of Credit Facility, Fair Value of Amount Outstanding       167    
Five Year Credit Facility Maturing March 2023 [Member]            
Line of Credit Facility, Maximum Borrowing Capacity       3,750    
Five Year Credit Facility Maturing March 2023 [Member] | Public Service Electric and Gas Company [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       $ 955    
Debt Instrument, Maturity Date, Description       Mar 2028    
Line of Credit Facility, Maximum Borrowing Capacity       $ 1,000    
Line of Credit Facility, Fair Value of Amount Outstanding [2]       45    
Five Year Credit Facility Maturing March 2023 [Member] | PSEG Power [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       $ 1,211    
Debt Instrument, Maturity Date, Description       Mar 2028    
Line of Credit Facility, Maximum Borrowing Capacity [3]       $ 1,250    
Line of Credit Facility, Fair Value of Amount Outstanding       39    
Letter of Credit Facilities expiring April 2025 | PSEG Power [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       $ 30    
Debt Instrument, Maturity Date, Description       Apr 2026    
Line of Credit Facility, Maximum Borrowing Capacity       $ 75    
Line of Credit Facility, Fair Value of Amount Outstanding       45    
Letter of Credit Facilities expiring September 2024 | PSEG Power [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       $ 117    
Debt Instrument, Maturity Date, Description       Sept 2024    
Line of Credit Facility, Maximum Borrowing Capacity       $ 200    
Line of Credit Facility, Fair Value of Amount Outstanding       83    
Uncommitted Letter of Credit Facility | PSEG Power [Member]            
Line of Credit Facility, Maximum Borrowing Capacity       100    
Subsidiary Uncommitted Letter of Credit Facility | PSEG Power [Member]            
Line of Credit Facility, Maximum Borrowing Capacity       150    
April 2023 Term Loan            
Proceeds from Short-Term Loan     $ 750      
Repayments of Short-term Debt   $ 250        
April 2023 Term Loan | Subsequent Event [Member]            
Repayments of Short-term Debt $ 500          
PSEG [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       1,498    
Line of Credit Facility, Maximum Borrowing Capacity       1,500    
Line of Credit Facility, Fair Value of Amount Outstanding       2    
PSEG [Member] | Five Year Credit Facility Maturing March 2023 [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       $ 1,498    
Debt Instrument, Maturity Date, Description       Mar 2028    
Line of Credit Facility, Maximum Borrowing Capacity [3]       $ 1,500    
Line of Credit Facility, Fair Value of Amount Outstanding [2]       2    
PSEG [Member] | Five Year Credit Facility Maturing March 2023 [Member]            
Commercial Paper       0    
Public Service Electric and Gas Company [Member] | Five Year Credit Facility Maturing March 2023 [Member]            
Commercial Paper       $ 25    
Short-term Debt, Weighted Average Interest Rate, at Point in Time       5.45%    
[1] Amounts do not include uncommitted credit facilities or 364-day term loans.
[2] The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of March 31, 2024, PSEG had no outstanding commercial paper and PSE&G had $25 million outstanding at a weighted average interest rate of 5.45%.
[3] Master Credit Facility with sub-limits of $1.5 billion for PSEG and $1.25 billion for PSEG Power; sub-limits can be adjusted pursuant to the terms of the Master Credit Facility agreement. The PSEG sub-limit includes a sustainability linked pricing based mechanism with potential increases or decreases, which are not expected to be material, depending on performance relative to targeted methane emission reductions.