Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and Cash Equivalents $ 118 $ 313
Accounts Receivable, net of allowances 1,320 1,348
Tax Receivable 121 127
Unbilled Revenues 196 296
Fuel 162 289
Materials and Supplies, net 574 577
Prepayments 114 118
Derivative Contracts 43 29
Regulatory Assets 139 211
Other 19 4
Total Current Assets 2,806 3,312
PROPERTY, PLANT AND EQUIPMENT 42,033 41,231
Less: Accumulated Depreciation and Amortization (9,628) (9,434)
Net Property, Plant and Equipment 32,405 31,797
NONCURRENT ASSETS    
Regulatory Assets 3,208 3,222
Long-Term Investments 938 932
Nuclear Decommissioning Trust (NDT) Fund 2,051 2,133
Long-Term Receivable of Variable Interest Entities (VIEs) 690 686
Rabbi Trust Fund 225 231
Goodwill 16 16
Other Intangibles 131 114
Derivative Contracts 48 7
Other 272 266
Total Noncurrent Assets 7,579 7,607
Total Assets 42,790 42,716
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 1,000 1,000
Commercial Paper and Loans 594 542
Accounts Payable 1,295 1,694
Derivative Contracts 10 16
Accrued Interest 147 103
Accrued Taxes 173 48
Clean Energy Program 85 128
Obligation to Return Cash Collateral 136 129
Regulatory Liabilities 34 47
Other 474 461
Total Current Liabilities 3,948 4,168
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,329 5,240
Regulatory Liabilities 2,942 2,948
Asset Retirement Obligations 1,037 1,024
OPEB Costs 1,432 1,455
OPEB Costs of Servco 550 542
Accrued Pension Costs 508 537
Accrued Pension Costs of Servco 126 129
Environmental Costs 342 357
Derivative Contracts 2 5
Long-Term Accrued Taxes 176 175
Other 222 221
Total Noncurrent Liabilities 12,666 12,633
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 12,072 12,068
STOCKHOLDER'S EQUITY    
Common Stock 4,946 4,961
Treasury Stock, at cost (816) (763)
Retained Earnings 10,385 9,878
Accumulated Other Comprehensive Income (Loss) (411) (229)
Total Stockholder's Equity 14,104 13,847
Total Capitalization 26,176 25,915
TOTAL LIABILITIES AND CAPITALIZATION 42,790 42,716
PSE And G [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 48 242
Accounts Receivable, net of allowances 961 882
Unbilled Revenues 196 296
Materials and Supplies, net 199 197
Prepayments 22 44
Regulatory Assets 139 211
Other 17 4
Total Current Assets 1,582 1,876
PROPERTY, PLANT AND EQUIPMENT 29,689 29,117
Less: Accumulated Depreciation and Amortization (6,154) (6,101)
Net Property, Plant and Equipment 23,535 23,016
NONCURRENT ASSETS    
Regulatory Assets 3,208 3,222
Long-Term Investments 284 280
Rabbi Trust Fund 45 46
Other 120 114
Total Noncurrent Assets 3,657 3,662
Total Assets 28,774 28,554
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 750 750
Accounts Payable 613 728
Accounts Payable-Affiliated Companies 385 340
Accrued Interest 92 78
Clean Energy Program 85 128
Obligation to Return Cash Collateral 136 129
Regulatory Liabilities 34 47
Other 327 311
Total Current Liabilities 2,422 2,511
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 3,443 3,391
Regulatory Liabilities 2,942 2,948
Asset Retirement Obligations 214 212
OPEB Costs 1,078 1,103
Accrued Pension Costs 207 226
Environmental Costs 268 283
Long-Term Accrued Taxes 93 91
Other 112 114
Total Noncurrent Liabilities 8,357 8,368
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 7,843 7,841
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 1,095 1,095
Basis Adjustment 986 986
Retained Earnings 7,180 6,861
Accumulated Other Comprehensive Income (Loss) (1) 0
Total Stockholder's Equity 10,152 9,834
Total Capitalization 17,995 17,675
TOTAL LIABILITIES AND CAPITALIZATION 28,774 28,554
Power [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 11 32
Accounts Receivable, net of allowances 301 380
Accounts Receivable-Affiliated Companies 215 221
Fuel 162 289
Materials and Supplies, net 370 376
Prepayments 12 11
Derivative Contracts [1] 43 29
Other 4 3
Total Current Assets 1,118 1,341
PROPERTY, PLANT AND EQUIPMENT 11,980 11,755
Less: Accumulated Depreciation and Amortization (3,291) (3,159)
Net Property, Plant and Equipment 8,689 8,596
NONCURRENT ASSETS    
Long-Term Investments 86 87
Nuclear Decommissioning Trust (NDT) Fund 2,051 2,133
Rabbi Trust Fund 56 57
Goodwill 16 16
Other Intangibles 131 114
Derivative Contracts [1] 48 7
Other 68 67
Total Noncurrent Assets 2,456 2,481
Total Assets 12,263 12,418
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 250 250
Accounts Payable 510 712
Accounts Payable-Affiliated Companies 69 57
Short-Term Loan from Affiliate [2] 35 281
Derivative Contracts [1] 10 16
Accrued Interest 43 20
Other 108 99
Total Current Liabilities 1,025 1,435
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 1,434 1,406
Asset Retirement Obligations 821 810
OPEB Costs 285 283
Accrued Pension Costs 176 184
Derivative Contracts [1] 2 5
Long-Term Accrued Taxes 46 52
Other 141 140
Total Noncurrent Liabilities 2,905 2,880
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 2,137 2,136
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 5,320 4,911
Accumulated Other Comprehensive Income (Loss) (352) (172)
Total Stockholder's Equity 6,196 5,967
TOTAL LIABILITIES AND CAPITALIZATION $ 12,263 $ 12,418
[1] Substantially all of Power’s derivative instruments are contracts subject to master netting agreements. Contracts not subject to master netting or similar agreements are immaterial and did not have any collateral posted or received as of March 31, 2018 and December 31, 2017.
[2] Power’s short-term loans with PSEG are for working capital and other short-term needs. Interest Income and Interest Expense relating to these short-term funding activities were immaterial.