Regulatory Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

PSE&G had the following Regulatory Assets and Liabilities:

	As of December 31,
	2019		2018
	Millions
Regulatory Assets
Current
New Jersey Clean Energy Program	$	143	$	143
Electric Energy Costs—Basic Generation Service (BGS)	57		115
2018 Distribution Base Rate Case Regulatory Assets (BRC)	56		56
Societal Benefits Charge (SBC)	30		9
Green Program Recovery Charges (GPRC)	10		34
Other	55		32
Total Current Regulatory Assets	$	351	$	389
Noncurrent
Pension and OPEB Costs	$	1,284	$	1,090
Deferred Income Tax Regulatory Assets	966		896
Manufactured Gas Plant (MGP) Remediation Costs	357		321
Electric Transmission and Gas Cost of Removal	216		223
Asset Retirement Obligation	172		166
BRC	159		214
Remediation Adjustment Charge (RAC) (Other SBC)	158		175
GPRC	118		95
Unamortized Loss on Reacquired Debt and Debt Expense	42		49
Gas Costs—BGSS	27		31
Other	178		139
Total Noncurrent Regulatory Assets	$	3,677	$	3,399
Total Regulatory Assets	$	4,028	$	3,788

Schedule of Regulatory Liabilities

	As of December 31,
	2019		2018
	Millions
Regulatory Liabilities
Current
Deferred Income Tax Regulatory Liabilities	$	193	$	299
Weather Normalization Charge (WNC)	15		—
Tax Adjustment Credit (TAC)	12		4
Gas Margin Adjustment Clause	5		8
Other	9		—
Total Current Regulatory Liabilities	$	234	$	311
Noncurrent
Deferred Income Tax Regulatory Liabilities	$	2,955	$	3,170
Electric Distribution Cost of Removal	47		51
Total Noncurrent Regulatory Liabilities	$	3,002	$	3,221
Total Regulatory Liabilities	$	3,236	$	3,532