Debt and Credit Facilities Debt and Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2024

Debt and Credit Facilities [Abstract]

Schedule of Line of Credit Facilities [Table Text Block]

The total committed credit facilities and available liquidity as of June 30, 2024 were as follows:

	As of June 30, 2024
Company/Facility	Total Facility		Usage (B)		Available Liquidity		Expiration Date	Primary Purpose
	Millions
PSEG
Revolving Credit Facility (A)	$	1,500	$	504	$	996	Mar 2028	Commercial Paper Support/Funding/Letters of Credit
Total PSEG	$	1,500	$	504	$	996
PSE&G
Revolving Credit Facility	$	1,000	$	411	$	589	Mar 2028	Commercial Paper Support/Funding/Letters of Credit
Total PSE&G	$	1,000	$	411	$	589
PSEG Power
Revolving Credit Facility (A)	$	1,250	$	39	$	1,211	Mar 2028	Funding/Letters of Credit
Letter of Credit Facility	75		45		30		Apr 2026	Letters of Credit
Letter of Credit Facility	200		77		123		Sept 2024	Letters of Credit
Total PSEG Power	$	1,525	$	161	$	1,364
Total (C)	$	4,025	$	1,076	$	2,949

(A)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.

(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 June 30, 2024, PSEG had $489 million outstanding commercial paper at a weighted average interest rate of 5.52% and PSE&G had $390 million outstanding at a weighted average interest rate of 5.49%.

(C)Amounts do not include uncommitted credit facilities or 364-day term loans, if any apply.