Public Service Enterprise (PEG) 10-Q4 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2024	Oct. 22, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-09120
Entity Registrant Name	Public Service Enterprise Group Incorporated
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-2625848
Entity Address, Address Line One	80 Park Plaza
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	430-7000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		498,225,421
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000788784
Common Stock without par value [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock without par value
Trading Symbol	PEG
Security Exchange Name	NYSE
Public Service Electric and Gas Company [Member]
Entity Information [Line Items]
Entity File Number	001-00973
Entity Registrant Name	Public Service Electric and Gas Company
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-1212800
Entity Address, Address Line One	80 Park Plaza
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	430-7000
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		132,450,344
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000081033
Public Service Electric and Gas Company [Member] \| First and Refunding Mortgage Bonds Eight Percent, Due Two Thousand Thirty Seven [Member]
Entity Information [Line Items]
Title of 12(b) Security	8.00% First and Refunding Mortgage Bonds, due 2037
Trading Symbol	PEG37D
Security Exchange Name	NYSE
Public Service Electric and Gas Company [Member] \| First and Refunding Mortgage Bonds Five Percent, Due Two Thousand Thirty Seven [Member]
Entity Information [Line Items]
Title of 12(b) Security	5.00% First and Refunding Mortgage Bonds, due 2037
Trading Symbol	PEG37J
Security Exchange Name	NYSE

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
OPERATING REVENUES		$ 2,642	$ 2,456	$ 7,825	$ 8,632
OPERATING EXPENSES
Energy Costs		899	831	2,628	2,517
Operation and Maintenance		808	792	2,415	2,279
Depreciation and Amortization		294	282	874	843
Total Operating Expenses		2,001	1,905	5,917	5,639
OPERATING INCOME		641	551	1,908	2,993
Income from Equity Method Investments		1	0	2	1
Net Gains (Losses) on Trust Investments		89	(40)	191	63
Net Other Income (Deductions)		37	41	119	132
Net Non-Operating Pension and Other Postretirement Benefit (OPEB) Credits (Costs)		18	(302)	55	(245)
Interest Expense		(227)	(185)	(650)	(550)
INCOME BEFORE INCOME TAXES		559	65	1,625	2,394
Income Tax Benefit (Expense)		(39)	74	(139)	(377)
NET INCOME	[1]	$ 520	$ 139	$ 1,486	$ 2,017
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
BASIC (shares)		498	498	498	497
DILUTED (shares)		500	500	500	500
EARNINGS PER SHARE:
BASIC (dollars per share)		$ 1.04	$ 0.28	$ 2.98	$ 4.06
DILUTED (dollars per share)		$ 1.04	$ 0.27	$ 2.97	$ 4.03
Public Service Electric and Gas Company [Member]
OPERATING REVENUES		$ 2,139	$ 1,999	$ 6,335	$ 5,954
OPERATING EXPENSES
Energy Costs		839	765	2,450	2,300
Operation and Maintenance		464	459	1,395	1,348
Depreciation and Amortization		254	244	758	728
Total Operating Expenses		1,557	1,468	4,603	4,376
OPERATING INCOME		582	531	1,732	1,578
Net Other Income (Deductions)		18	21	50	65
Net Non-Operating Pension and Other Postretirement Benefit (OPEB) Credits (Costs)		20	30	58	86
Interest Expense		(151)	(128)	(430)	(364)
INCOME BEFORE INCOME TAXES		469	454	1,410	1,365
Income Tax Benefit (Expense)		(90)	(53)	(241)	(141)
NET INCOME		$ 379	$ 401	$ 1,169	$ 1,224

[1] Includes net after-tax gains (losses) of $ 17 million and $( 17 ) million for the three months and $( 55 ) million and $ 750 million for the nine months ended September 30, 2024 and 2023 , respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
NET INCOME	[1]	$ 520	$ 139	$ 1,486	$ 2,017
Other Comprehensive Income (Loss), net of tax
Unrealized Gains (Losses) on Available-for-Sale Securities, net of tax (expense) benefit		37	(31)	22	(13)
Unrealized Gains (Losses) on Cash Flow Hedges, net of tax (expense) benefit		(8)	11	9	21
Pension/OPEB adjustment, net of tax (expense) benefit		2	322	6	329
Other Comprehensive Income (Loss), net of tax		31	302	37	337
Comprehensive Income		551	441	1,523	2,354
Public Service Electric and Gas Company [Member]
NET INCOME		379	401	1,169	1,224
Other Comprehensive Income (Loss), net of tax
Unrealized Gains (Losses) on Available-for-Sale Securities, net of tax (expense) benefit		1	(1)	1	0
Other Comprehensive Income (Loss), net of tax		1	(1)	1
Comprehensive Income		$ 380	$ 400	$ 1,170	$ 1,224

[1] Includes net after-tax gains (losses) of $ 17 million and $( 17 ) million for the three months and $( 55 ) million and $ 750 million for the nine months ended September 30, 2024 and 2023 , respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Unrealized Gains (Losses) on Available-for-Sale Securities, tax	$ (24)	$ 19	$ (14)	$ 8
Unrealized Gains (Losses) on Cash Flow Hedges, Tax	3	(4)	(4)	(8)
Pension/OPEB adjustment, tax	(1)	(126)	(2)	(129)
Public Service Electric and Gas Company [Member]
Unrealized Gains (Losses) on Available-for-Sale Securities, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and Cash Equivalents	$ 203	$ 54
Accounts Receivable, net of allowance	1,451	1,482
Tax Receivable	148	10
Unbilled Revenues, net of allowance	183	244
Fuel	271	264
Materials and Supplies, net	907	759
Prepayments	278	144
Derivative Contracts	35	112
Regulatory Assets	489	273
Other	27	31
Total Current Assets	3,992	3,373
PROPERTY, PLANT AND EQUIPMENT	50,615	48,603
Less: Accumulated Depreciation and Amortization	(11,014)	(10,572)
Net Property, Plant and Equipment	39,601	38,031
NONCURRENT ASSETS
Regulatory Assets	6,034	5,157
Operating Lease, Right-of-Use Asset	167	179
Long-Term Investments	265	295
Nuclear Decommissioning Trust (NDT) Fund	2,799	2,524
Long-Term Receivable of Variable Interest Entities (VIE)	641	632
Rabbi Trust Fund	175	179
Derivative Contracts	36	29
Other	370	342
Total Noncurrent Assets	10,487	9,337
TOTAL ASSETS	54,080	50,741
CURRENT LIABILITIES
Long-Term Debt Due Within One Year	2,400	1,500
Commercial Paper and Loans	547	949
Accounts Payable	1,121	1,214
Derivative Contracts	18	86
Accrued Interest	225	170
Accrued Taxes	15	8
Clean Energy Program	185	145
Obligation to Return Cash Collateral	93	89
Regulatory Liabilities	603	349
Other	651	547
Total Current Liabilities	5,858	5,057
NONCURRENT LIABILITIES
Deferred Income Taxes and Investment Tax Credits (ITC)	7,190	6,671
Regulatory Liabilities	2,309	2,075
Operating Leases	159	173
Asset Retirement Obligations	1,497	1,468
Environmental Costs	229	213
Derivative Contracts	6	6
Long-Term Accrued Taxes	41	45
Other	196	201
Total Noncurrent Liabilities	13,167	12,423
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT
Total Long-Term Debt	18,960	17,784
STOCKHOLDER'S EQUITY
Common Stock, Value, Issued	5,036	5,018
Treasury Stock, at cost	(1,405)	(1,379)
Retained Earnings	12,606	12,017
Accumulated Other Comprehensive Income (Loss)	(142)	(179)
Total Stockholder's Equity	16,095	15,477
Total Capitalization	35,055	33,261
TOTAL LIABILITIES AND CAPITALIZATION	54,080	50,741
Consolidated Entity Excluding Variable Interest Entities (VIE)
NONCURRENT LIABILITIES
OPEB Costs	321	349
Accrued Pension Costs	595	606
Variable Interest Entity, Primary Beneficiary
NONCURRENT LIABILITIES
OPEB Costs	533	514
Accrued Pension Costs	91	102
Public Service Electric and Gas Company [Member]
CURRENT ASSETS
Cash and Cash Equivalents	185	30
Unbilled Revenues, net of allowance	183	244
Materials and Supplies, net	643	519
Prepayments	139	57
Regulatory Assets	489	273
Other	24	31
Total Current Assets	2,764	2,230
PROPERTY, PLANT AND EQUIPMENT	45,546	43,753
Less: Accumulated Depreciation and Amortization	(8,999)	(8,711)
Net Property, Plant and Equipment	36,547	35,042
NONCURRENT ASSETS
Regulatory Assets	6,034	5,157
Operating Lease, Right-of-Use Asset	96	99
Long-Term Investments	95	117
Rabbi Trust Fund	32	32
Other	216	196
Total Noncurrent Assets	6,473	5,601
TOTAL ASSETS	45,784	42,873
CURRENT LIABILITIES
Long-Term Debt Due Within One Year	600	750
Commercial Paper and Loans	0	425
Accrued Interest	136	139
Clean Energy Program	185	145
Obligation to Return Cash Collateral	93	89
Regulatory Liabilities	603	349
Other	360	434
Total Current Liabilities	2,910	3,615
NONCURRENT LIABILITIES
Deferred Income Taxes and Investment Tax Credits (ITC)	6,326	5,813
Regulatory Liabilities	2,309	2,075
Operating Leases	85	89
Asset Retirement Obligations	404	401
OPEB Costs	185	210
Accrued Pension Costs	384	396
Environmental Costs	162	151
Long-Term Accrued Taxes	0	2
Other	156	160
Total Noncurrent Liabilities	10,011	9,297
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT
Total Long-Term Debt	14,645	12,913
STOCKHOLDER'S EQUITY
Common Stock, Value, Issued	892	892
Contributed Capital	2,156	2,156
Retained Earnings	15,173	14,004
Accumulated Other Comprehensive Income (Loss)	(3)	(4)
Total Stockholder's Equity	18,218	17,048
Total Capitalization	32,863	29,961
TOTAL LIABILITIES AND CAPITALIZATION	45,784	42,873
Public Service Electric and Gas Company [Member] \| Nonrelated Party
CURRENT ASSETS
Accounts Receivable, net of allowance	1,101	1,076
CURRENT LIABILITIES
Accounts Payable	712	780
Public Service Electric and Gas Company [Member] \| Related Party
NONCURRENT ASSETS
Long Term Accrued Taxes Receivable	0
CURRENT LIABILITIES
Accounts Payable	$ 221	$ 504

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Accounts Receivable, allowance	$ 235	$ 279
Unbilled Revenues, allowance	$ 3	$ 4
Common stock, par value
Common Stock, authorized	1,000	1,000
Common Stock, issued	534	534
Treasury Stock, Shares	36	36
Public Service Electric and Gas Company [Member]
Accounts Receivable, allowance	$ 235	$ 279
Unbilled Revenues, allowance	$ 3	$ 4
Common Stock, authorized	150	150
Common Stock, issued	132	132
Common Stock, outstanding	132	132

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	[1]	$ 1,486	$ 2,017
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:
Depreciation and Amortization		874	843
Amortization of Nuclear Fuel		145	144
Provision for Deferred Income Taxes and ITC		283	293
Non-Cash Employee Benefit Plan (Credits) Costs		56	357
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives		76	(1,041)
Cost of Removal		(137)	(121)
Energy Efficiency Program Regulatory Investment Expenditures		(393)	(335)
Amortization of Energy Efficiency Program Expenditures		90	58
Net Change in Other Regulatory Assets and Liabilities		(81)	32
Net Realized (Gains) Losses and (Income) Expense from NDT Fund		(242)	(107)
Net Change in Certain Current Assets and Liabilities:
Tax Receivable		(138)	71
Prepayments		(134)	(204)
Cash Collateral		(3)	1,175
Obligation to Return Cash Collateral		4	(197)
Other Current Assets and Liabilities		(96)	137
Employee Benefit Plan Funding and Related Payments		(41)	(31)
Other		17	5
Net Cash Provided By (Used In) Operating Activities		1,766	3,096
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to Property, Plant and Equipment		(2,402)	(2,360)
Proceeds from Sale of Trust Investments		1,256	998
Purchases of Trust Investments		(1,294)	(1,025)
Proceeds from Equity Method Investment, Distribution, Return of Capital		0	291
Proceeds from Sales of Long-Lived Assets and Lease Investments		0	20
Other		77	46
Net Cash Provided By (Used In) Investing Activities		(2,363)	(2,030)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Change in Commercial Paper and Loans		98	(5)
Proceeds from Short-Term Loan		0	750
Payments of Short-term Debt		(500)	(2,250)
Issuance of Long-term Debt		3,350	1,800
Repayments of Long-term Debt		(1,250)	(825)
Cash Dividends Paid on Common Stock		(897)	(853)
Other		(75)	(94)
Net Cash Provided By (Used In) Financing Activities		726	(1,477)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash		129	(411)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period		99	511
Cash, Cash Equivalents and Restricted Cash at End of Period		228	100
Supplemental Disclosure of Cash Flow Information:
Income Taxes Paid (Received)		27	97
Interest Paid, Net of Amounts Capitalized		565	501
Accrued Property, Plant and Equipment Expenditures		508	425
Public Service Electric and Gas Company [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)		1,169	1,224
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:
Depreciation and Amortization		758	728
Provision for Deferred Income Taxes and ITC		297	129
Non-Cash Employee Benefit Plan (Credits) Costs		31	6
Cost of Removal		(137)	(121)
Energy Efficiency Program Regulatory Investment Expenditures		(393)	(335)
Amortization of Energy Efficiency Program Expenditures		90	58
Net Change in Other Regulatory Assets and Liabilities		(81)	32
Net Change in Certain Current Assets and Liabilities:
Accounts Receivable and Unbilled Revenues		31	177
Fuel, Materials and Supplies		(124)	(130)
Prepayments		(82)	(154)
Accounts Payable		(51)	(20)
Accounts Receivable/Payable-Affiliated Companies, net		(231)	(334)
Obligation to Return Cash Collateral		4	(197)
Other Current Assets and Liabilities		(90)	(42)
Employee Benefit Plan Funding and Related Payments		(26)	(17)
Other		(46)	(52)
Net Cash Provided By (Used In) Operating Activities		1,119	952
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to Property, Plant and Equipment		(2,157)	(2,149)
Proceeds from Sale of Trust Investments		4	4
Purchases of Trust Investments		(3)	(3)
Other		22	16
Net Cash Provided By (Used In) Investing Activities		(2,134)	(2,132)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Change in Commercial Paper and Loans		(425)	100
Issuance of Long-term Debt		2,100	1,800
Repayments of Long-term Debt		(500)	(825)
Cash Dividends Paid on Common Stock			(75)
Other		(25)	(17)
Net Cash Provided By (Used In) Financing Activities		1,150	983
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash		135	(197)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period		75	266
Cash, Cash Equivalents and Restricted Cash at End of Period		210	69
Supplemental Disclosure of Cash Flow Information:
Income Taxes Paid (Received)		39	111
Interest Paid, Net of Amounts Capitalized		413	339
Accrued Property, Plant and Equipment Expenditures		$ 378	$ 369

[1] Includes net after-tax gains (losses) of $ 17 million and $( 17 ) million for the three months and $( 55 ) million and $ 750 million for the nine months ended September 30, 2024 and 2023 , respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total		Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Public Service Electric and Gas Company [Member]	Public Service Electric and Gas Company [Member] Common Stock [Member]	Public Service Electric and Gas Company [Member] Retained Earnings [Member]	Public Service Electric and Gas Company [Member] AOCI Attributable to Parent [Member]	Public Service Electric and Gas Company [Member] Contributed Capital [Member]
Beginning Balance at Dec. 31, 2022	$ 13,729		$ 5,065	$ 10,591	$ (550)	$ (1,377)	$ 15,682	$ 892	$ 12,639	$ (5)	$ 2,156
Beginning Balance, Shares at Dec. 31, 2022			534			(37)
Net Income (Loss)	2,017	[1]		2,017			1,224		1,224
Other Comprehensive Income (Loss), net of tax (expense) benefit	337				337
Comprehensive Income	2,354						1,224
Cash Dividends on Common Stock	(853)			(853)			(75)		(75)
Other	(64)		$ (57)			$ (7)
Other, Shares						1
Ending Balance, Shares at Sep. 30, 2023			534			(36)
Ending Balance at Sep. 30, 2023	15,166		$ 5,008	11,755	(213)	$ (1,384)	16,831	892	13,788	(5)	2,156
Beginning Balance at Jun. 30, 2023	15,053		$ 5,054	11,900	(515)	$ (1,386)	16,506	892	13,462	(4)	2,156
Beginning Balance, Shares at Jun. 30, 2023			534			(37)
Net Income (Loss)	139	[1]		139			401		401
Other Comprehensive Income (Loss), net of tax (expense) benefit	302				302		(1)			(1)
Comprehensive Income	441						400
Cash Dividends on Common Stock	(284)			(284)			(75)		(75)
Other	(44)		$ (46)			$ 2
Other, Shares						1
Ending Balance, Shares at Sep. 30, 2023			534			(36)
Ending Balance at Sep. 30, 2023	15,166		$ 5,008	11,755	(213)	$ (1,384)	16,831	892	13,788	(5)	2,156
Beginning Balance at Dec. 31, 2023	15,477		$ 5,018	12,017	(179)	$ (1,379)	17,048	892	14,004	(4)	2,156
Beginning Balance, Shares at Dec. 31, 2023			534			(36)
Net Income (Loss)	1,486	[1]		1,486			1,169		1,169
Other Comprehensive Income (Loss), net of tax (expense) benefit	37				37		1			1
Comprehensive Income	1,523						1,170
Cash Dividends on Common Stock	(897)			(897)
Other	(8)		$ 18			$ (26)
Ending Balance, Shares at Sep. 30, 2024			534			(36)
Ending Balance at Sep. 30, 2024	16,095		$ 5,036	12,606	(142)	$ (1,405)	18,218	892	15,173	(3)	2,156
Beginning Balance at Jun. 30, 2024	15,824		$ 5,020	12,385	(173)	$ (1,408)	17,838	892	14,794	(4)	2,156
Beginning Balance, Shares at Jun. 30, 2024			534			(36)
Net Income (Loss)	520	[1]		520			379		379
Other Comprehensive Income (Loss), net of tax (expense) benefit	31				31		1			1
Comprehensive Income	551						380
Cash Dividends on Common Stock	(299)			(299)
Other	19		$ 16			$ 3
Ending Balance, Shares at Sep. 30, 2024			534			(36)
Ending Balance at Sep. 30, 2024	$ 16,095		$ 5,036	$ 12,606	$ (142)	$ (1,405)	$ 18,218	$ 892	$ 15,173	$ (3)	$ 2,156

[1] Includes net after-tax gains (losses) of $ 17 million and $( 17 ) million for the three months and $( 55 ) million and $ 750 million for the nine months ended September 30, 2024 and 2023 , respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Comprehensive Income (Loss), Tax	$ (22)	$ (111)	$ (20)	$ (129)
Common Stock, Cash Dividends, Per Share	$ 0.6	$ 0.57	$ 1.8	$ 1.71
Public Service Electric and Gas Company [Member]
Other Comprehensive Income (Loss), Tax	$ 0	$ 0	$ 0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions		3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	[1]	$ 520	$ 139	$ 1,486	$ 2,017

[1] Includes net after-tax gains (losses) of $ 17 million and $( 17 ) million for the three months and $( 55 ) million and $ 750 million for the nine months ended September 30, 2024 and 2023 , respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Director and Officer Rule 10b5-1 and non-Rule 10b5-1 Trading Plans During the three months ended September 30, 2024 , none of our officers or directors adopted, terminated or modified a Rule 10b5-1 trading plan or non-Rule 10b5-1 trading plan for the sale of PSEG common stock.
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization, Basis of Presenta

Organization, Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Organization, Basis of Presentation and Significant Accounting Policies	Note 1. Orga nization, Basis of Presentation and Significant Accounting Policies Organization Public Service Enterprise Group Incorporated (PSEG) is a public utility holding company that, acting through its wholly owned subsidiaries, is a predominantly regulated electric and gas utility and a nuclear generation business. PSEG’s principal operating subsidiaries are: • Public Service Electric and Gas Company (PSE&G) —which is a public utility engaged principally in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. PSE&G is subject to regulation by the New Jersey Board of Public Utilities (BPU), the Federal Energy Regulatory Commission (FERC) and other federal and New Jersey state regulators. PSE&G also invests in regulated solar generation projects and energy efficiency (EE) and related programs in New Jersey, which are regulated by the BPU. • PSEG Power LLC (PSEG Power) —which is an energy supply company that is comprised of the operations of merchant nuclear generating assets and fuel supply functions engaged in competitive energy sales via its principal direct wholly owned subsidiaries. PSEG Power’s subsidiaries are subject to regulation by FERC, the Nuclear Regulatory Commission (NRC), and other federal regulators and state regulators in the states in which they operate. PSEG’s other direct wholly owned subsidiaries are: PSEG Long Island LLC (PSEG LI), which operates the Long Island Power Authority’s (LIPA) electric transmission and distribution (T&D) system under an Operations Services Agreement (OSA); PSEG Energy Holdings L.L.C. (Energy Holdings), which primarily holds legacy lease investments and competitively bid, FERC regulated transmission; and PSEG Services Corporation (Services), which provides certain management, administrative and general services to PSEG and its subsidiaries at cost. Basis of Presentation The respective financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) applicable to Quarterly Reports on Form 10-Q. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting guidance generally accepted in the United States (GAAP) have been condensed or omitted pursuant to such rules and regulations. These Condensed Consolidated Financial Statements and Notes to Condensed Consolidated Financial Statements (Notes) should be read in conjunction with, and update and supplement matters discussed in, the Annual Report on Form 10-K for the year ended December 31, 2023. The unaudited condensed consolidated financial information furnished herein reflects all adjustments which are, in the opinion of management, necessary to fairly state the results for the interim periods presented. All such adjustments are of a normal recurring nature. All significant intercompany accounts and transactions are eliminated in consolidation. The year-end Condensed Consolidated Balance Sheets were derived from the audited Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2023 . Certain line item reclassifications have been made to prior year financial statements to conform with current year presentation. These reclassifications had no impact on PSEG’s or PSE&G’s results of operations, financial condition or cash flows. Significant Accounting Policies Cash, Cash Equivalents and Restricted Cash The following provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets that sum to the total of the same such amounts for the beginning (December 31, 2023) and ending periods shown in the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 . Restricted cash consists primarily of deposits received related to various construction projects at PSE&G. PSE&G PSEG Power Consolidated Millions As of December 31, 2023 Cash and Cash Equivalents $ 30 $ 24 $ 54 Restricted Cash in Other Current Assets 23 — 23 Restricted Cash in Other Noncurrent Assets 22 — 22 Cash, Cash Equivalents and Restricted Cash $ 75 $ 24 $ 99 As of September 30, 2024 Cash and Cash Equivalents $ 185 $ 18 $ 203 Restricted Cash in Other Current Assets 3 — 3 Restricted Cash in Other Noncurrent Assets 22 — 22 Cash, Cash Equivalents and Restricted Cash $ 210 $ 18 $ 228 (A) Includes amounts applicable to PSEG Power, Energy Holdings, Services and PSEG (parent company).
Public Service Electric and Gas Company [Member]
Organization, Basis of Presentation and Significant Accounting Policies	Note 1. Orga nization, Basis of Presentation and Significant Accounting Policies Organization Public Service Enterprise Group Incorporated (PSEG) is a public utility holding company that, acting through its wholly owned subsidiaries, is a predominantly regulated electric and gas utility and a nuclear generation business. PSEG’s principal operating subsidiaries are: • Public Service Electric and Gas Company (PSE&G) —which is a public utility engaged principally in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. PSE&G is subject to regulation by the New Jersey Board of Public Utilities (BPU), the Federal Energy Regulatory Commission (FERC) and other federal and New Jersey state regulators. PSE&G also invests in regulated solar generation projects and energy efficiency (EE) and related programs in New Jersey, which are regulated by the BPU. • PSEG Power LLC (PSEG Power) —which is an energy supply company that is comprised of the operations of merchant nuclear generating assets and fuel supply functions engaged in competitive energy sales via its principal direct wholly owned subsidiaries. PSEG Power’s subsidiaries are subject to regulation by FERC, the Nuclear Regulatory Commission (NRC), and other federal regulators and state regulators in the states in which they operate. PSEG’s other direct wholly owned subsidiaries are: PSEG Long Island LLC (PSEG LI), which operates the Long Island Power Authority’s (LIPA) electric transmission and distribution (T&D) system under an Operations Services Agreement (OSA); PSEG Energy Holdings L.L.C. (Energy Holdings), which primarily holds legacy lease investments and competitively bid, FERC regulated transmission; and PSEG Services Corporation (Services), which provides certain management, administrative and general services to PSEG and its subsidiaries at cost. Basis of Presentation The respective financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) applicable to Quarterly Reports on Form 10-Q. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting guidance generally accepted in the United States (GAAP) have been condensed or omitted pursuant to such rules and regulations. These Condensed Consolidated Financial Statements and Notes to Condensed Consolidated Financial Statements (Notes) should be read in conjunction with, and update and supplement matters discussed in, the Annual Report on Form 10-K for the year ended December 31, 2023. The unaudited condensed consolidated financial information furnished herein reflects all adjustments which are, in the opinion of management, necessary to fairly state the results for the interim periods presented. All such adjustments are of a normal recurring nature. All significant intercompany accounts and transactions are eliminated in consolidation. The year-end Condensed Consolidated Balance Sheets were derived from the audited Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2023 . Certain line item reclassifications have been made to prior year financial statements to conform with current year presentation. These reclassifications had no impact on PSEG’s or PSE&G’s results of operations, financial condition or cash flows. Significant Accounting Policies Cash, Cash Equivalents and Restricted Cash The following provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets that sum to the total of the same such amounts for the beginning (December 31, 2023) and ending periods shown in the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 . Restricted cash consists primarily of deposits received related to various construction projects at PSE&G. PSE&G PSEG Power Consolidated Millions As of December 31, 2023 Cash and Cash Equivalents $ 30 $ 24 $ 54 Restricted Cash in Other Current Assets 23 — 23 Restricted Cash in Other Noncurrent Assets 22 — 22 Cash, Cash Equivalents and Restricted Cash $ 75 $ 24 $ 99 As of September 30, 2024 Cash and Cash Equivalents $ 185 $ 18 $ 203 Restricted Cash in Other Current Assets 3 — 3 Restricted Cash in Other Noncurrent Assets 22 — 22 Cash, Cash Equivalents and Restricted Cash $ 210 $ 18 $ 228 (A) Includes amounts applicable to PSEG Power, Energy Holdings, Services and PSEG (parent company).

Revenues

Revenues	9 Months Ended
Revenues	Sep. 30, 2024
Revenues	Note 2 . Revenues Nature of Goods and Services The following is a description of principal activities by which PSEG and its subsidiaries generate their revenues. PSE&G Revenues from Contracts with Customers Electric and Gas Distribution and Transmission Revenues —PSE&G sells gas and electricity to customers under default commodity supply tariffs. PSE&G’s regulated electric and gas default commodity supply and distribution services are separate tariffs which are satisfied as the product(s) and/or service(s) are delivered to the customer. The electric and gas commodity and delivery tariffs are recurring contracts in effect until modified through the regulatory approval process as appropriate. Revenue is recognized over time as the service is rendered to the customer. Included in PSE&G’s regulated revenues are unbilled electric and gas revenues which represent the estimated amount customers will be billed for services rendered from the most recent meter reading to the end of the respective accounting period. PSE&G’s transmission revenues are earned under a separate tariff using a FERC-approved annual formula rate mechanism. The performance obligation of transmission service is satisfied and revenue is recognized as it is provided to the customer. The formula rate mechanism provides for an annual filing of an estimated revenue requirement with rates effective January 1 of each year and a true-up to that estimate based on actual revenue requirements. The true-up mechanism is an alternative revenue which is outside the scope of revenue from contracts with customers. Other Revenues from Contracts with Customers Other revenues from contracts with customers, which are not a material source of PSE&G revenues, are generated primarily from appliance repair services and solar generation projects. The performance obligations under these contracts are satisfied and revenue is recognized as control of products is delivered or services are rendered. Revenues Unrelated to Contracts with Customers Other PSE&G revenues unrelated to contracts with customers are derived from alternative revenue mechanisms recorded pursuant to regulatory accounting guidance. These revenues, which include the Conservation Incentive Program (CIP), green energy program true-ups and transmission formula rate true-ups, are not a material source of PSE&G revenues. PSEG Power & Other Revenues from Contracts with Customers Electricity and Related Products —PSEG Power owns generation solely within PJM Interconnection, L.L.C. (PJM), which facilitates the dispatch of energy and energy-related products. PSEG Power primarily sells to the PJM Independent System Operator (ISO) energy and ancillary services which are separately transacted in the day-ahead or real-time energy markets. The energy and ancillary services performance obligations are typically satisfied over time as delivered and revenue is recognized accordingly. Also, revenue for wholesale load contracts is recognized over time as the bundled service is provided to the customer. PSEG generally reports electricity sales and purchases conducted with PJM net on an hourly basis in either Operating Revenues or Energy Costs in its Condensed Consolidated Statements of Operations. The classification depends on the net hourly activity. PSEG Power enters into capacity sales and capacity purchases through PJM. The transactions are reported on a net basis dependent on PSEG Power’s monthly net sale or purchase position through PJM. The performance obligations with PJM are satisfied over time upon delivery of the capacity and revenue is recognized accordingly. In addition to capacity sold through PJM, PSEG Power sells capacity through bilateral contracts and the related revenue is reported on a gross basis and recognized over time upon delivery of the capacity. PSEG Power’s Salem 1, Salem 2 and Hope Creek nuclear plants have been awarded zero emission certificates (ZECs) by the BPU through May 2025. These nuclear plants are expected to receive ZEC revenue from the electric distribution companies (EDCs) in New Jersey. PSEG Power recognizes revenue when the units generate electricity, which is when the performance obligation is satisfied. These revenues are considered variable consideration within the scope of revenue from contracts with customers and are included in PJM Sales in the following tables. ZEC revenue recorded has been reduced by the estimated production tax credits (PTCs) generated from PSEG Power’s Salem 1, Salem 2, and Hope Creek nuclear plants through the nine months ended September 30, 2024. ZEC revenue will be adjusted based upon the actual value of the PTCs generated by these nuclear plants and that adjustment could be material. See Note 14. Income Taxes for further discussion on the factors that could result in an adjustment to the value of the PTCs. Gas Contracts— PSEG Power sells wholesale natural gas, primarily through an index based full-requirements Basic Gas Supply Service (BGSS) contract with PSE&G to meet the gas supply requirements of PSE&G’s customers. The BGSS contract remains in effect unless terminated by either party with a two-year notice. Based upon the availability of natural gas, storage and pipeline capacity beyond PSE&G’s daily needs, PSEG Power also sells gas and pipeline capacity to other counterparties under bilateral contracts. The performance obligation is primarily the delivery of gas which is satisfied over time. Revenue is recognized as gas is delivered or pipeline capacity is released. PSEG LI Contract —PSEG LI has a contract with LIPA which generates revenues. PSEG LI’s subsidiary, Long Island Electric Utility Servco, LLC (Servco) records costs which are recovered from LIPA and records the recovery of those costs as revenues when Servco is a principal in the transaction. Other Revenues from Contracts with Customers PSEG Power has entered into long-term contracts with LIPA for energy management and fuel procurement services. Revenue is recognized over time as services are rendered. Revenues Unrelated to Contracts with Customers PSEG Power’s revenues unrelated to contracts with customers include electric, gas and certain energy-related transactions accounted for in accordance with Derivatives and Hedging accounting guidance. See Note 11. Financial Risk Management Activities for further discussion. Energy Holdings generates lease revenues which are recorded pursuant to lease accounting guidance. Disaggregation of Revenues PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Three Months Ended September 30, 2024 Revenues from Contracts with Customers Electric Distribution $ 1,406 $ — $ — $ 1,406 Gas Distribution 162 — — 162 Transmission 441 — — 441 Electricity and Related Product Sales PJM Third-Party Sales — 206 — 206 Sales to Affiliates — 31 ( 31 ) — ISO-New England (NE) — — — — Gas Sales Third-Party Sales — 45 — 45 Sales to Affiliates — 48 ( 48 ) — Other Revenues from Contracts with Customers (B) 87 181 ( 1 ) 267 Total Revenues from Contracts with Customers 2,096 511 ( 80 ) 2,527 Revenues Unrelated to Contracts with Customers (C) 43 72 — 115 Total Operating Revenues $ 2,139 $ 583 $ ( 80 ) $ 2,642 PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Nine Months Ended September 30, 2024 Revenues from Contracts with Customers Electric Distribution $ 3,170 $ — $ — $ 3,170 Gas Distribution 1,385 — — 1,385 Transmission 1,313 — — 1,313 Electricity and Related Product Sales PJM Third-Party Sales — 600 — 600 Sales to Affiliates — 87 ( 87 ) — ISO-NE — 5 — 5 Gas Sales Third-Party Sales — 155 — 155 Sales to Affiliates — 559 ( 559 ) — Other Revenues from Contracts with Customers (B) 263 524 ( 4 ) 783 Total Revenues from Contracts with Customers 6,131 1,930 ( 650 ) 7,411 Revenues Unrelated to Contracts with Customers (C) 204 210 — 414 Total Operating Revenues $ 6,335 $ 2,140 $ ( 650 ) $ 7,825 PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Three Months Ended September 30, 2023 Revenues from Contracts with Customers Electric Distribution $ 1,281 $ — $ — $ 1,281 Gas Distribution 147 — — 147 Transmission 422 — — 422 Electricity and Related Product Sales PJM Third-Party Sales — 216 — 216 Sales to Affiliates — 32 ( 32 ) — ISO-NE — 3 — 3 Gas Sales Third-Party Sales — 44 — 44 Sales to Affiliates — 55 ( 55 ) — Other Revenues from Contracts with Customers (B) 90 163 ( 2 ) 251 Total Revenues from Contracts with Customers 1,940 513 ( 89 ) 2,364 Revenues Unrelated to Contracts with Customers (C) 59 33 — 92 Total Operating Revenues $ 1,999 $ 546 $ ( 89 ) $ 2,456 PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Nine Months Ended September 30, 2023 Revenues from Contracts with Customers Electric Distribution $ 2,795 $ — $ — $ 2,795 Gas Distribution 1,380 — — 1,380 Transmission 1,251 — — 1,251 Electricity and Related Product Sales PJM Third-Party Sales — 703 — 703 Sales to Affiliates — 90 ( 90 ) — ISO-NE — 9 — 9 Gas Sales Third-Party Sales — 156 — 156 Sales to Affiliates — 703 ( 703 ) — Other Revenues from Contracts with Customers (B) 262 469 ( 4 ) 727 Total Revenues from Contracts with Customers 5,688 2,130 ( 797 ) 7,021 Revenues Unrelated to Contracts with Customers (C) 266 1,345 — 1,611 Total Operating Revenues $ 5,954 $ 3,475 $ ( 797 ) $ 8,632 (A) Includes revenues applicable to PSEG Power, PSEG LI and Energy Holdings. (B) Includes primarily revenues from appliance repair services and the sale of solar renewable energy credits (SRECs) at auction at PSE&G. PSEG Power & Other includes PSEG LI’s OSA with LIPA and PSEG Power’s energy management fee with LIPA. (C) Includes primarily alternative revenues at PSE&G principally from the CIP program and derivative contracts and lease contracts at PSEG Power & Other. Contract Balances PSE&G PSE&G did not have any material contract balances (rights to consideration for services already provided or obligations to provide services in the future for consideration already received) as of September 30, 2024 and December 31, 2023 . Substantially all of PSE&G’s accounts receivable and unbilled revenues result from contracts with customers that are priced at tariff rates. Allowances represented approximately 16 % and 18 % of accounts receivable (including unbilled revenues) as of September 30, 2024 and December 31, 2023, respectively. Accounts Receivable — Allowance for Credit Losses PSE&G’s accounts receivable, including unbilled revenues, is primarily comprised of utility customer receivables for the provision of electric and gas service and appliance services, and are reported on the balance sheet as gross outstanding amounts adjusted for an allowance for credit losses. The allowance for credit losses reflects PSE&G’s best estimate of losses on the account balances. The allowance is based on PSE&G’s projection of accounts receivable aging, historical experience, economic factors and other currently available evidence, including the estimated impact of the COVID-19 pandemic on the outstanding balances as of September 30, 2024. PSE&G’s electric bad debt expense is recoverable through its Societal Benefits Clause (SBC) mechanism. As of September 30, 2024 , PSE&G had a deferred balance of $ 120 million from electric bad debts recorded as a Regulatory Asset, which included approximately $ 78 million of incremental bad debt due to the impact of the coronavirus pandemic. In addition, as of September 30, 2024 , PSE&G had deferred incremental gas bad debt expense of $ 68 million as a Regulatory Asset for future regulatory recovery due to the impact of the coronavirus pandemic. In June 2024, the BPU approved recovery of the incremental electric and gas bad debt amounts of $ 78 million and $ 68 million charged to PSE&G’s electric SBC and deferred COVID-19 deferrals, respectively. See Note 4. Rate Filings for additional information. The following provides a reconciliation of PSE&G’s allowance for credit losses for the three months and nine months ended September 30, 2024 and 2023: 2024 2023 Millions Balance as of June 30 $ 253 $ 294 Utility Customer and Other Accounts Provision 20 38 Write-offs, net of Recoveries of $ 10 million and $ 7 million in 2024 and 2023, respectively ( 35 ) ( 49 ) Balance as of September 30 $ 238 $ 283 2024 2023 Millions Balance as of Beginning of Year $ 283 $ 339 Utility Customer and Other Accounts Provision 65 62 Write-offs, net of Recoveries of $ 24 million and $ 20 million in 2024 and 2023, respectively ( 110 ) ( 118 ) Balance as of End of Period $ 238 $ 283 PSEG Power & Other PSEG Power generally collects consideration upon satisfaction of performance obligations, and therefore, PSEG Power had no material contract balances as of September 30, 2024 and December 31, 2023. PSEG Power’s accounts receivable include amounts resulting from contracts with customers and other contracts which are out of scope of accounting guidance for revenues from contracts with customers. The majority of these accounts receivable are subject to master netting agreements. As a result, accounts receivable resulting from contracts with customers and receivables unrelated to contracts with customers are netted within Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets. PSEG Power’s accounts receivable consist mainly of revenues from energy and ancillary services sold directly to ISOs and other counterparties. In the wholesale energy markets in which PSEG Power operates, payment for services rendered and products transferred are typically due within 30 days of delivery. As such, there is little credit risk associated with these receivables. PSEG Power did not record an allowance for credit losses for these receivables as of September 30, 2024 or December 31, 2023. PSEG Power monitors the status of its counterparties on an ongoing basis to assess whether there are any anticipated credit losses. PSEG LI did not have any material contract balances as of September 30, 2024 and December 31, 2023. Remaining Performance Obligations under Fixed Consideration Contracts PSEG primarily records revenues as allowed by the guidance, which states that if an entity has a right to consideration from a customer in an amount that corresponds directly with the value to the customer of the entity’s performance completed to date, the entity may recognize revenue in the amount to which the entity has a right to invoice. PSEG has future performance obligations under contracts with fixed consideration as follows: Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions —The Base Residual Auction is generally conducted annually three years in advance of the operating period. However, changes to capacity market rules have resulted in auction suspensions and delays so that recent auctions have been run closer in time to their operating periods. In February 2023, the results of the 2024/2025 auction were released and in July 2024 the results of the 2025/2026 auction were released. PSEG Power expects to realize the following average capacity prices resulting from the base and incremental auctions, including unit specific bilateral contracts for previously cleared capacity obligations. Delivery Year $ per Megawatt (MW)-Day MW Cleared June 2024 to May 2025 $ 61 3,700 June 2025 to May 2026 $ 270 3,500 Amended OSA —In April 2022, PSEG LI entered into an amended OSA with LIPA. The OSA remains a 12-year services contract ending in 2025 with annual fixed and variable components. The fixed fee for the provision of services thereunder in 2024 is approximately $ 44 million and is updated each year based on the change in the Consumer Price Index.
Public Service Electric and Gas Company [Member]
Revenues	Note 2 . Revenues Nature of Goods and Services The following is a description of principal activities by which PSEG and its subsidiaries generate their revenues. PSE&G Revenues from Contracts with Customers Electric and Gas Distribution and Transmission Revenues —PSE&G sells gas and electricity to customers under default commodity supply tariffs. PSE&G’s regulated electric and gas default commodity supply and distribution services are separate tariffs which are satisfied as the product(s) and/or service(s) are delivered to the customer. The electric and gas commodity and delivery tariffs are recurring contracts in effect until modified through the regulatory approval process as appropriate. Revenue is recognized over time as the service is rendered to the customer. Included in PSE&G’s regulated revenues are unbilled electric and gas revenues which represent the estimated amount customers will be billed for services rendered from the most recent meter reading to the end of the respective accounting period. PSE&G’s transmission revenues are earned under a separate tariff using a FERC-approved annual formula rate mechanism. The performance obligation of transmission service is satisfied and revenue is recognized as it is provided to the customer. The formula rate mechanism provides for an annual filing of an estimated revenue requirement with rates effective January 1 of each year and a true-up to that estimate based on actual revenue requirements. The true-up mechanism is an alternative revenue which is outside the scope of revenue from contracts with customers. Other Revenues from Contracts with Customers Other revenues from contracts with customers, which are not a material source of PSE&G revenues, are generated primarily from appliance repair services and solar generation projects. The performance obligations under these contracts are satisfied and revenue is recognized as control of products is delivered or services are rendered. Revenues Unrelated to Contracts with Customers Other PSE&G revenues unrelated to contracts with customers are derived from alternative revenue mechanisms recorded pursuant to regulatory accounting guidance. These revenues, which include the Conservation Incentive Program (CIP), green energy program true-ups and transmission formula rate true-ups, are not a material source of PSE&G revenues. PSEG Power & Other Revenues from Contracts with Customers Electricity and Related Products —PSEG Power owns generation solely within PJM Interconnection, L.L.C. (PJM), which facilitates the dispatch of energy and energy-related products. PSEG Power primarily sells to the PJM Independent System Operator (ISO) energy and ancillary services which are separately transacted in the day-ahead or real-time energy markets. The energy and ancillary services performance obligations are typically satisfied over time as delivered and revenue is recognized accordingly. Also, revenue for wholesale load contracts is recognized over time as the bundled service is provided to the customer. PSEG generally reports electricity sales and purchases conducted with PJM net on an hourly basis in either Operating Revenues or Energy Costs in its Condensed Consolidated Statements of Operations. The classification depends on the net hourly activity. PSEG Power enters into capacity sales and capacity purchases through PJM. The transactions are reported on a net basis dependent on PSEG Power’s monthly net sale or purchase position through PJM. The performance obligations with PJM are satisfied over time upon delivery of the capacity and revenue is recognized accordingly. In addition to capacity sold through PJM, PSEG Power sells capacity through bilateral contracts and the related revenue is reported on a gross basis and recognized over time upon delivery of the capacity. PSEG Power’s Salem 1, Salem 2 and Hope Creek nuclear plants have been awarded zero emission certificates (ZECs) by the BPU through May 2025. These nuclear plants are expected to receive ZEC revenue from the electric distribution companies (EDCs) in New Jersey. PSEG Power recognizes revenue when the units generate electricity, which is when the performance obligation is satisfied. These revenues are considered variable consideration within the scope of revenue from contracts with customers and are included in PJM Sales in the following tables. ZEC revenue recorded has been reduced by the estimated production tax credits (PTCs) generated from PSEG Power’s Salem 1, Salem 2, and Hope Creek nuclear plants through the nine months ended September 30, 2024. ZEC revenue will be adjusted based upon the actual value of the PTCs generated by these nuclear plants and that adjustment could be material. See Note 14. Income Taxes for further discussion on the factors that could result in an adjustment to the value of the PTCs. Gas Contracts— PSEG Power sells wholesale natural gas, primarily through an index based full-requirements Basic Gas Supply Service (BGSS) contract with PSE&G to meet the gas supply requirements of PSE&G’s customers. The BGSS contract remains in effect unless terminated by either party with a two-year notice. Based upon the availability of natural gas, storage and pipeline capacity beyond PSE&G’s daily needs, PSEG Power also sells gas and pipeline capacity to other counterparties under bilateral contracts. The performance obligation is primarily the delivery of gas which is satisfied over time. Revenue is recognized as gas is delivered or pipeline capacity is released. PSEG LI Contract —PSEG LI has a contract with LIPA which generates revenues. PSEG LI’s subsidiary, Long Island Electric Utility Servco, LLC (Servco) records costs which are recovered from LIPA and records the recovery of those costs as revenues when Servco is a principal in the transaction. Other Revenues from Contracts with Customers PSEG Power has entered into long-term contracts with LIPA for energy management and fuel procurement services. Revenue is recognized over time as services are rendered. Revenues Unrelated to Contracts with Customers PSEG Power’s revenues unrelated to contracts with customers include electric, gas and certain energy-related transactions accounted for in accordance with Derivatives and Hedging accounting guidance. See Note 11. Financial Risk Management Activities for further discussion. Energy Holdings generates lease revenues which are recorded pursuant to lease accounting guidance. Disaggregation of Revenues PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Three Months Ended September 30, 2024 Revenues from Contracts with Customers Electric Distribution $ 1,406 $ — $ — $ 1,406 Gas Distribution 162 — — 162 Transmission 441 — — 441 Electricity and Related Product Sales PJM Third-Party Sales — 206 — 206 Sales to Affiliates — 31 ( 31 ) — ISO-New England (NE) — — — — Gas Sales Third-Party Sales — 45 — 45 Sales to Affiliates — 48 ( 48 ) — Other Revenues from Contracts with Customers (B) 87 181 ( 1 ) 267 Total Revenues from Contracts with Customers 2,096 511 ( 80 ) 2,527 Revenues Unrelated to Contracts with Customers (C) 43 72 — 115 Total Operating Revenues $ 2,139 $ 583 $ ( 80 ) $ 2,642 PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Nine Months Ended September 30, 2024 Revenues from Contracts with Customers Electric Distribution $ 3,170 $ — $ — $ 3,170 Gas Distribution 1,385 — — 1,385 Transmission 1,313 — — 1,313 Electricity and Related Product Sales PJM Third-Party Sales — 600 — 600 Sales to Affiliates — 87 ( 87 ) — ISO-NE — 5 — 5 Gas Sales Third-Party Sales — 155 — 155 Sales to Affiliates — 559 ( 559 ) — Other Revenues from Contracts with Customers (B) 263 524 ( 4 ) 783 Total Revenues from Contracts with Customers 6,131 1,930 ( 650 ) 7,411 Revenues Unrelated to Contracts with Customers (C) 204 210 — 414 Total Operating Revenues $ 6,335 $ 2,140 $ ( 650 ) $ 7,825 PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Three Months Ended September 30, 2023 Revenues from Contracts with Customers Electric Distribution $ 1,281 $ — $ — $ 1,281 Gas Distribution 147 — — 147 Transmission 422 — — 422 Electricity and Related Product Sales PJM Third-Party Sales — 216 — 216 Sales to Affiliates — 32 ( 32 ) — ISO-NE — 3 — 3 Gas Sales Third-Party Sales — 44 — 44 Sales to Affiliates — 55 ( 55 ) — Other Revenues from Contracts with Customers (B) 90 163 ( 2 ) 251 Total Revenues from Contracts with Customers 1,940 513 ( 89 ) 2,364 Revenues Unrelated to Contracts with Customers (C) 59 33 — 92 Total Operating Revenues $ 1,999 $ 546 $ ( 89 ) $ 2,456 PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Nine Months Ended September 30, 2023 Revenues from Contracts with Customers Electric Distribution $ 2,795 $ — $ — $ 2,795 Gas Distribution 1,380 — — 1,380 Transmission 1,251 — — 1,251 Electricity and Related Product Sales PJM Third-Party Sales — 703 — 703 Sales to Affiliates — 90 ( 90 ) — ISO-NE — 9 — 9 Gas Sales Third-Party Sales — 156 — 156 Sales to Affiliates — 703 ( 703 ) — Other Revenues from Contracts with Customers (B) 262 469 ( 4 ) 727 Total Revenues from Contracts with Customers 5,688 2,130 ( 797 ) 7,021 Revenues Unrelated to Contracts with Customers (C) 266 1,345 — 1,611 Total Operating Revenues $ 5,954 $ 3,475 $ ( 797 ) $ 8,632 (A) Includes revenues applicable to PSEG Power, PSEG LI and Energy Holdings. (B) Includes primarily revenues from appliance repair services and the sale of solar renewable energy credits (SRECs) at auction at PSE&G. PSEG Power & Other includes PSEG LI’s OSA with LIPA and PSEG Power’s energy management fee with LIPA. (C) Includes primarily alternative revenues at PSE&G principally from the CIP program and derivative contracts and lease contracts at PSEG Power & Other. Contract Balances PSE&G PSE&G did not have any material contract balances (rights to consideration for services already provided or obligations to provide services in the future for consideration already received) as of September 30, 2024 and December 31, 2023 . Substantially all of PSE&G’s accounts receivable and unbilled revenues result from contracts with customers that are priced at tariff rates. Allowances represented approximately 16 % and 18 % of accounts receivable (including unbilled revenues) as of September 30, 2024 and December 31, 2023, respectively. Accounts Receivable — Allowance for Credit Losses PSE&G’s accounts receivable, including unbilled revenues, is primarily comprised of utility customer receivables for the provision of electric and gas service and appliance services, and are reported on the balance sheet as gross outstanding amounts adjusted for an allowance for credit losses. The allowance for credit losses reflects PSE&G’s best estimate of losses on the account balances. The allowance is based on PSE&G’s projection of accounts receivable aging, historical experience, economic factors and other currently available evidence, including the estimated impact of the COVID-19 pandemic on the outstanding balances as of September 30, 2024. PSE&G’s electric bad debt expense is recoverable through its Societal Benefits Clause (SBC) mechanism. As of September 30, 2024 , PSE&G had a deferred balance of $ 120 million from electric bad debts recorded as a Regulatory Asset, which included approximately $ 78 million of incremental bad debt due to the impact of the coronavirus pandemic. In addition, as of September 30, 2024 , PSE&G had deferred incremental gas bad debt expense of $ 68 million as a Regulatory Asset for future regulatory recovery due to the impact of the coronavirus pandemic. In June 2024, the BPU approved recovery of the incremental electric and gas bad debt amounts of $ 78 million and $ 68 million charged to PSE&G’s electric SBC and deferred COVID-19 deferrals, respectively. See Note 4. Rate Filings for additional information. The following provides a reconciliation of PSE&G’s allowance for credit losses for the three months and nine months ended September 30, 2024 and 2023: 2024 2023 Millions Balance as of June 30 $ 253 $ 294 Utility Customer and Other Accounts Provision 20 38 Write-offs, net of Recoveries of $ 10 million and $ 7 million in 2024 and 2023, respectively ( 35 ) ( 49 ) Balance as of September 30 $ 238 $ 283 2024 2023 Millions Balance as of Beginning of Year $ 283 $ 339 Utility Customer and Other Accounts Provision 65 62 Write-offs, net of Recoveries of $ 24 million and $ 20 million in 2024 and 2023, respectively ( 110 ) ( 118 ) Balance as of End of Period $ 238 $ 283 PSEG Power & Other PSEG Power generally collects consideration upon satisfaction of performance obligations, and therefore, PSEG Power had no material contract balances as of September 30, 2024 and December 31, 2023. PSEG Power’s accounts receivable include amounts resulting from contracts with customers and other contracts which are out of scope of accounting guidance for revenues from contracts with customers. The majority of these accounts receivable are subject to master netting agreements. As a result, accounts receivable resulting from contracts with customers and receivables unrelated to contracts with customers are netted within Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets. PSEG Power’s accounts receivable consist mainly of revenues from energy and ancillary services sold directly to ISOs and other counterparties. In the wholesale energy markets in which PSEG Power operates, payment for services rendered and products transferred are typically due within 30 days of delivery. As such, there is little credit risk associated with these receivables. PSEG Power did not record an allowance for credit losses for these receivables as of September 30, 2024 or December 31, 2023. PSEG Power monitors the status of its counterparties on an ongoing basis to assess whether there are any anticipated credit losses. PSEG LI did not have any material contract balances as of September 30, 2024 and December 31, 2023. Remaining Performance Obligations under Fixed Consideration Contracts PSEG primarily records revenues as allowed by the guidance, which states that if an entity has a right to consideration from a customer in an amount that corresponds directly with the value to the customer of the entity’s performance completed to date, the entity may recognize revenue in the amount to which the entity has a right to invoice. PSEG has future performance obligations under contracts with fixed consideration as follows: Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions —The Base Residual Auction is generally conducted annually three years in advance of the operating period. However, changes to capacity market rules have resulted in auction suspensions and delays so that recent auctions have been run closer in time to their operating periods. In February 2023, the results of the 2024/2025 auction were released and in July 2024 the results of the 2025/2026 auction were released. PSEG Power expects to realize the following average capacity prices resulting from the base and incremental auctions, including unit specific bilateral contracts for previously cleared capacity obligations. Delivery Year $ per Megawatt (MW)-Day MW Cleared June 2024 to May 2025 $ 61 3,700 June 2025 to May 2026 $ 270 3,500 Amended OSA —In April 2022, PSEG LI entered into an amended OSA with LIPA. The OSA remains a 12-year services contract ending in 2025 with annual fixed and variable components. The fixed fee for the provision of services thereunder in 2024 is approximately $ 44 million and is updated each year based on the change in the Consumer Price Index.

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	9 Months Ended
Variable Interest Entities (VIEs)	Sep. 30, 2024
Variable Interest Entity [Line Items]
Variable Interest Entities (VIEs)	Note 3. V ariable Interest Entity (VIE) VIE for which PSEG LI is the Primary Beneficiary PSEG LI consolidates Servco, a marginally capitalized VIE, which was created for the purpose of operating LIPA’s T&D system in Long Island, New York as well as providing administrative support functions to LIPA. PSEG LI is the primary beneficiary of Servco because it directs the operations of Servco, the activity that most significantly impacts Servco’s economic performance and it has the obligation to absorb losses of Servco that could potentially be significant to Servco. Such losses would be immaterial to PSEG. Pursuant to the OSA, Servco’s operating costs are paid entirely by LIPA, and therefore, PSEG LI’s risk is limited related to the activities of Servco. PSEG LI has no current obligation to provide direct financial support to Servco. In addition to payment of Servco’s operating costs as provided for in the OSA, PSEG LI receives an annual contract management fee. PSEG LI’s annual contract management fee, in certain situations, could be partially offset by Servco’s annual storm costs that are denied reimbursement by the Federal Emergency Management Agency, limited contingent liabilities and penalties for failing to meet certain performance metrics. For transactions in which Servco acts as principal and controls the services provided to LIPA, such as transactions with its employees for labor and labor-related activities, including pension and OPEB-related transactions, Servco records revenues and the related pass-through expenditures separately in Operating Revenues and Operation and Maintenance (O&M) Expense, respectively. Servco recorded $ 157 million and $ 140 million for the three months ended September 30, 2024 and 2023 , respectively, and $ 449 million and $ 397 million for the nine months ended September 30, 2024 and 2023 , respectively, of O&M Expense, the full reimbursement of which was reflected in Operating Revenues. For transactions in which Servco acts as an agent for LIPA, it records revenues and the related expenses on a net basis, resulting in no impact on PSEG’s Condensed Consolidated Statement of Operations.

Rate Filings

Rate Filings	9 Months Ended
Rate Filings	Sep. 30, 2024
Regulatory Assets [Line Items]
Rate Filings	Note 4. Rate Filings This Note should be read in conjunction with Note 6. Regulatory Assets and Liabilities to the Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2023. In addition to items previously reported in the Annual Report on Form 10-K, significant regulatory orders received and currently pending rate filings with the BPU or FERC by PSE&G are as follows: Electric and Gas Distribution Base Rate Case Filings – In October 2024, the BPU issued an Order approving the settlement of PSE&G’s distribution base rate case with new rates effective October 15, 2024. The Order provides for a $ 17.8 billion rate base, a 9.6 % return on equity for PSE&G’s distribution business and a 55 % equity component of its capitalization structure. The settlement results in a net increase in annual revenues of approximately $ 505 million, comprised of a $ 711 million increase in base revenues, offset by the return of tax benefits of approximately $ 206 million. The return of tax benefits includes the flowback to customers of excess accumulated deferred income taxes and the flowback of previously recovered deferred income taxes and current tax repair deductions under the Tax Adjustment Credit (TAC) mechanism approved by the BPU in PSE&G’s 2018 distribution base rate case. The settlement approves an additional flowback of previously recovered deferred income taxes and current mixed service cost deductions. As a result of the approval to flowback previously recovered deferred income taxes related to mixed service costs, PSE&G rec ognized a $ 509 mi llion regulatory liability and a corresponding regulatory asset as of September 30, 2024. The settlement also approved the recovery of regulatory assets primarily associated with deferred storm costs, PSE&G’s electric vehicle charging program (CEF-EV) and electric meter AMI deployment program (CEF-EC), including stranded costs associated with the early retirement of legacy meters. In addition, the Order approved mechanisms associated with the recovery of future storm costs as well as the recovery of annual pension and OPEB expenses beginning January 1, 2025. BGSS — In April 2024, the BPU gave final approval to PSE&G’s BGS S rate of 40 cents p er therm. In September 2024, the BPU approved on a provisional basis, PSE&G's request to decrease its BGSS rate to approximat ely 33 cents per therm, with new rate effective October 1, 2024. CIP — In April 2024, the BPU gave final approval to provisional gas CIP rates which were effective October 1, 2023. In July 2024, the BPU approved on a provisional basis, PSE&G’s annual electric CIP petition to recover deficient electric revenues of approximately $ 99 million based on the 12-month period ended May 31, 2024 with new rates effective August 1, 2024. In September 2024, BPU approved on a provisional basis, PSE&G's annual gas CIP petition to recover estimated deficient gas revenues of approximately $ 107 million based on the 12-month period ended September 30, 2024 with new rates effective October 1, 2024. COVID-19 Deferral— In June 2024, the BPU approved recovery of PSE&G’s previously deferred incremental COVID-19 costs over a five-year period, effective June 1, 2025. As of September 30, 2024 , PSE&G has deferred approximately $ 131 million as a Regulatory Asset for its net incremental costs, including $ 68 million for incremental gas bad debt expense associated with customer accounts receivable. Energy Strong II— In April 2024, the BPU approved an annualized increase in electric revenue requirement of $ 12 million, with rates effective May 1, 2024. The approved electric revenue increase represents the return of and on actual Energy Strong II investments placed in service through December 31, 2023. Green Program Recovery Charges (GPRC)— In May 2024, the BPU approved PSE&G’s petition for a second extension of its Clean Energy Future (CEF)-EE subprogram investment (a component of GPRC) by approximately $ 300 million covering a commitment period from July 2024 through December 2024. In June 2024, the BPU approved PSE&G’s updated 2023 GPRC cost recovery petition for $ 49 million and $ 15 million in annual electric and gas revenues, respectively. In June 2024, PSE&G filed its 2024 GPRC cost recovery petition requesting BPU approval for recovery of increases of $ 68 million and $ 24 million in annual electric and gas revenues, respectively. This matter is pending. In October 2024, the BPU approved PSE&G’s CEF-EE II investment program as a new component of GPRC. The Order authorizes a total spend of approximately $ 2.9 billion for energy efficiency projects committed between January 1, 2025 through June 30, 2027, and completed over an expected six-year period. The Order approving CEF-EE II will result in an annual increase in gas revenues of approximately $ 3 million, effective January 1, 2025. Infrastructure Advancement Program (IAP)— In May 2024, the BPU approved PSE&G's updated IAP cost recovery petition seeking BPU approval to recover in electric base rates an annual revenue increase of $ 5 million. This increase represents the return of and on investment for IAP electric investments in service through January 31, 2024. New rates were effective June 1, 2024. In November 2024, PSE&G filed an IAP cost recovery petition seeking BPU approval to recover in electric and gas base rates an annual revenue increase of $ 6 million and $ 5 million, respectively, effective May 1, 2025. This matter is pending. SBC— In March 2024, the BPU approved annual increases in electric and gas SBC revenues of $ 27 million and $ 32 million, respectively, pursuant to PSE&G’s 2023 SBC filing to recover electric and gas costs incurred under its EE & Renewable Energy and Social Programs. As part of the COVID-19 Order approved by the BPU in June 2024, PSE&G will commence recovery of the $ 78 million deferred electric bad debt expense over a five-year period effective with the approval of PSE&G’s next SBC filing. Tax Adjustment Credit (TAC)— In February 2024, the BPU approved PSE&G’s 2023 TAC filing to increase annual electric and gas revenues by approximately $ 61 million and $ 40 million, respectively, with new rates effective March 1, 2024. Transmission Formula Rates— In June 2024, in accordance with its transmission formula rate protocols, PSE&G filed with the FERC its 2023 true-up adjustment pertaining to its transmission formula rates in effect for calendar year 2023, as established by its 2023 annual forecast filing. The June 2024 true-up filing resulted in an approximate $ 12 million increase in the 2023 annual revenue requirement from the revenue requirement numbers contained in the forecast filing. PSE&G had previously recognized the majority of the increased revenue requirement in 2023. In October 2024, PSE&G filed its Annual Transmission Formula Rate Update with FERC, which will result in a $ 64 million increase in its annual transmission revenue effective January 1, 2025, subject to true-up. ZEC Program— In August 2024, the BPU approved the final ZEC price of $ 9.95 per MWh for the Energy Year ended May 31, 2024. As a result, PSE&G purchased approximately $ 166 million of ZECs including interest, from the eligible nuclear plants selected by the BPU with the final payment made in August 2024. As total customer collections equaled the required ZEC payments, there were no over-collected revenues from customers for the Energy Year ended May 31, 2024.
Public Service Electric and Gas Company [Member]
Regulatory Assets [Line Items]
Rate Filings	Note 4. Rate Filings This Note should be read in conjunction with Note 6. Regulatory Assets and Liabilities to the Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2023. In addition to items previously reported in the Annual Report on Form 10-K, significant regulatory orders received and currently pending rate filings with the BPU or FERC by PSE&G are as follows: Electric and Gas Distribution Base Rate Case Filings – In October 2024, the BPU issued an Order approving the settlement of PSE&G’s distribution base rate case with new rates effective October 15, 2024. The Order provides for a $ 17.8 billion rate base, a 9.6 % return on equity for PSE&G’s distribution business and a 55 % equity component of its capitalization structure. The settlement results in a net increase in annual revenues of approximately $ 505 million, comprised of a $ 711 million increase in base revenues, offset by the return of tax benefits of approximately $ 206 million. The return of tax benefits includes the flowback to customers of excess accumulated deferred income taxes and the flowback of previously recovered deferred income taxes and current tax repair deductions under the Tax Adjustment Credit (TAC) mechanism approved by the BPU in PSE&G’s 2018 distribution base rate case. The settlement approves an additional flowback of previously recovered deferred income taxes and current mixed service cost deductions. As a result of the approval to flowback previously recovered deferred income taxes related to mixed service costs, PSE&G rec ognized a $ 509 mi llion regulatory liability and a corresponding regulatory asset as of September 30, 2024. The settlement also approved the recovery of regulatory assets primarily associated with deferred storm costs, PSE&G’s electric vehicle charging program (CEF-EV) and electric meter AMI deployment program (CEF-EC), including stranded costs associated with the early retirement of legacy meters. In addition, the Order approved mechanisms associated with the recovery of future storm costs as well as the recovery of annual pension and OPEB expenses beginning January 1, 2025. BGSS — In April 2024, the BPU gave final approval to PSE&G’s BGS S rate of 40 cents p er therm. In September 2024, the BPU approved on a provisional basis, PSE&G's request to decrease its BGSS rate to approximat ely 33 cents per therm, with new rate effective October 1, 2024. CIP — In April 2024, the BPU gave final approval to provisional gas CIP rates which were effective October 1, 2023. In July 2024, the BPU approved on a provisional basis, PSE&G’s annual electric CIP petition to recover deficient electric revenues of approximately $ 99 million based on the 12-month period ended May 31, 2024 with new rates effective August 1, 2024. In September 2024, BPU approved on a provisional basis, PSE&G's annual gas CIP petition to recover estimated deficient gas revenues of approximately $ 107 million based on the 12-month period ended September 30, 2024 with new rates effective October 1, 2024. COVID-19 Deferral— In June 2024, the BPU approved recovery of PSE&G’s previously deferred incremental COVID-19 costs over a five-year period, effective June 1, 2025. As of September 30, 2024 , PSE&G has deferred approximately $ 131 million as a Regulatory Asset for its net incremental costs, including $ 68 million for incremental gas bad debt expense associated with customer accounts receivable. Energy Strong II— In April 2024, the BPU approved an annualized increase in electric revenue requirement of $ 12 million, with rates effective May 1, 2024. The approved electric revenue increase represents the return of and on actual Energy Strong II investments placed in service through December 31, 2023. Green Program Recovery Charges (GPRC)— In May 2024, the BPU approved PSE&G’s petition for a second extension of its Clean Energy Future (CEF)-EE subprogram investment (a component of GPRC) by approximately $ 300 million covering a commitment period from July 2024 through December 2024. In June 2024, the BPU approved PSE&G’s updated 2023 GPRC cost recovery petition for $ 49 million and $ 15 million in annual electric and gas revenues, respectively. In June 2024, PSE&G filed its 2024 GPRC cost recovery petition requesting BPU approval for recovery of increases of $ 68 million and $ 24 million in annual electric and gas revenues, respectively. This matter is pending. In October 2024, the BPU approved PSE&G’s CEF-EE II investment program as a new component of GPRC. The Order authorizes a total spend of approximately $ 2.9 billion for energy efficiency projects committed between January 1, 2025 through June 30, 2027, and completed over an expected six-year period. The Order approving CEF-EE II will result in an annual increase in gas revenues of approximately $ 3 million, effective January 1, 2025. Infrastructure Advancement Program (IAP)— In May 2024, the BPU approved PSE&G's updated IAP cost recovery petition seeking BPU approval to recover in electric base rates an annual revenue increase of $ 5 million. This increase represents the return of and on investment for IAP electric investments in service through January 31, 2024. New rates were effective June 1, 2024. In November 2024, PSE&G filed an IAP cost recovery petition seeking BPU approval to recover in electric and gas base rates an annual revenue increase of $ 6 million and $ 5 million, respectively, effective May 1, 2025. This matter is pending. SBC— In March 2024, the BPU approved annual increases in electric and gas SBC revenues of $ 27 million and $ 32 million, respectively, pursuant to PSE&G’s 2023 SBC filing to recover electric and gas costs incurred under its EE & Renewable Energy and Social Programs. As part of the COVID-19 Order approved by the BPU in June 2024, PSE&G will commence recovery of the $ 78 million deferred electric bad debt expense over a five-year period effective with the approval of PSE&G’s next SBC filing. Tax Adjustment Credit (TAC)— In February 2024, the BPU approved PSE&G’s 2023 TAC filing to increase annual electric and gas revenues by approximately $ 61 million and $ 40 million, respectively, with new rates effective March 1, 2024. Transmission Formula Rates— In June 2024, in accordance with its transmission formula rate protocols, PSE&G filed with the FERC its 2023 true-up adjustment pertaining to its transmission formula rates in effect for calendar year 2023, as established by its 2023 annual forecast filing. The June 2024 true-up filing resulted in an approximate $ 12 million increase in the 2023 annual revenue requirement from the revenue requirement numbers contained in the forecast filing. PSE&G had previously recognized the majority of the increased revenue requirement in 2023. In October 2024, PSE&G filed its Annual Transmission Formula Rate Update with FERC, which will result in a $ 64 million increase in its annual transmission revenue effective January 1, 2025, subject to true-up. ZEC Program— In August 2024, the BPU approved the final ZEC price of $ 9.95 per MWh for the Energy Year ended May 31, 2024. As a result, PSE&G purchased approximately $ 166 million of ZECs including interest, from the eligible nuclear plants selected by the BPU with the final payment made in August 2024. As total customer collections equaled the required ZEC payments, there were no over-collected revenues from customers for the Energy Year ended May 31, 2024.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2024
Leases	Note 5. Leases PSEG and its subsidiaries are both a lessor and a lessee in operating leases. As of September 30, 2024, PSEG and its subsidiaries were lessors for leases classified as operating leases or leveraged leases. See Note 6. Financing Receivables. There was no significant change in amounts reported in Note 7. Leases in the Annual Report on Form 10-K for the year ended December 31, 2023 for operating leases in which PSEG and its subsidiaries are lessees. PSEG and its subsidiaries, as lessors, have lease agreements with lease and non-lease components, which are primarily related to generating facilities and real estate assets . Rental income from these leases is included in Operating Revenues. A wholly owned subsidiary of PSEG Power is the lessor in an operating lease for certain parcels of land with terms through 2050, plus five optional renewal periods of ten years. Energy Holdings is the lessor in leveraged leases. See Note 6. Financing Receivables. Energy Holdings is the lessor in an operating lease for a domestic energy generation facility with a remaining term through 2036. As of September 30, 2024 , Energy Holdings’ property subject to the lease had a total carrying value of $ 10 million. The following is the operating lease income for the three months and nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Millions Fixed Lease Income $ 3 $ 7 $ 10 $ 19 Total Operating Lease Income $ 3 $ 7 $ 10 $ 19
Public Service Electric and Gas Company [Member]
Leases	Note 5. Leases PSEG and its subsidiaries are both a lessor and a lessee in operating leases. As of September 30, 2024, PSEG and its subsidiaries were lessors for leases classified as operating leases or leveraged leases. See Note 6. Financing Receivables. There was no significant change in amounts reported in Note 7. Leases in the Annual Report on Form 10-K for the year ended December 31, 2023 for operating leases in which PSEG and its subsidiaries are lessees. PSEG and its subsidiaries, as lessors, have lease agreements with lease and non-lease components, which are primarily related to generating facilities and real estate assets . Rental income from these leases is included in Operating Revenues. A wholly owned subsidiary of PSEG Power is the lessor in an operating lease for certain parcels of land with terms through 2050, plus five optional renewal periods of ten years. Energy Holdings is the lessor in leveraged leases. See Note 6. Financing Receivables. Energy Holdings is the lessor in an operating lease for a domestic energy generation facility with a remaining term through 2036. As of September 30, 2024 , Energy Holdings’ property subject to the lease had a total carrying value of $ 10 million. The following is the operating lease income for the three months and nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Millions Fixed Lease Income $ 3 $ 7 $ 10 $ 19 Total Operating Lease Income $ 3 $ 7 $ 10 $ 19

Financing Receivables

Financing Receivables	9 Months Ended
Financing Receivables	Sep. 30, 2024
Schedule of Financial Receivables [Line Items]
Financing Receivables	Note 6. Financ ing Receivables PSE&G PSE&G’s Solar Loan Programs are designed to help finance the installation of solar power systems throughout its electric service area. Interest income on the loans is recorded on an accrual basis. The loans are paid back with SRECs generated from the related installed solar electric system. PSE&G uses collection experience as a credit quality indicator for its Solar Loan Programs and conducted a comprehensive credit review for all borrowers. As of September 30, 2024, none of the solar loans were impaired; however, in the event a loan becomes impaired, the basis of the solar loan would be recovered through a regulatory recovery mechanism. Therefore, no current credit losses have been recorded for Solar Loan Programs I, II and III. A substantial portion of these loan amounts are noncurrent and reported in Long-Term Investments on PSEG’s and PSE&G’s Condensed Consolidated Balance Sheets. The following table reflects the outstanding loans by class of customer, none of which would be considered “non-performing.” As of Outstanding Loans by Class of Customers September 30, December 31, Millions Commercial/Industrial $ 42 $ 60 Residential 2 3 Total 44 63 Current Portion (included in Accounts Receivable) ( 18 ) ( 23 ) Noncurrent Portion (included in Long-Term Investments) $ 26 $ 40 The solar loans originated under three Solar Loan Programs are comprised as follows: Programs Balance as of September 30, 2024 Funding Provided Residential Loan Term Non-Residential Millions Solar Loan I $ 1 prior to 2013 10 years 15 years Solar Loan II 22 prior to 2015 10 years 15 years Solar Loan III 21 prior to 2022 10 years 10 years Total $ 44 The average life of loans paid in full is eight years , which is lower than the loan terms of 10 to 15 years due to the generation of SRECs being greater than expected and/or cash payments made to the loan. Payments on all outstanding loans were current as of September 30, 2024 and have an average remaining life of approximately two years . There are no remaining residential loans outstanding under the Solar Loan I program. Energy Holdings Energy Holdings, through its indirect subsidiaries, has investments in assets subject primarily to leveraged lease accounting. A leveraged lease is typically comprised of an investment by an equity investor and debt provided by a third-party debt investor. The debt is recourse only to the assets subject to lease and is not included on PSEG’s Condensed Consolidated Balance Sheets. As an equity investor, Energy Holdings’ equity investments in the leases are comprised of the total expected lease receivables over the lease terms, reduced for any income not yet earned on the leases. This amount is included in Long-Term Investments on PSEG’s Condensed Consolidated Balance Sheets. The more rapid depreciation of the leased property for tax purposes creates tax cash flow that will be repaid to the taxing authority in later periods. As such, the liability for such taxes due is recorded in Deferred Income Taxes on PSEG’s Condensed Consolidated Balance Sheets. Leveraged leases outstanding as of September 30, 2024 commenced in or prior to 2000. The following table shows Energy Holdings’ gross and net lease investments as of September 30, 2024 and December 31, 2023. As of September 30, December 31, Millions Lease Receivables (net of Non-Recourse Debt) $ 200 $ 223 Unearned and Deferred Income ( 53 ) ( 62 ) Gross Investments in Leases 147 161 Deferred Tax Liabilities ( 33 ) ( 36 ) Net Investments in Leases $ 114 $ 125 The corresponding receivables associated with the lease portfolio are reflected as follows, net of non-recourse debt. The ratings in the table represent the ratings of the entities providing payment assurance to Energy Holdings. Lease Receivables, Net of Counterparties' Standard & Poor's (S&P) Credit Rating as of September 30, 2024 As of September 30, 2024 Millions AA $ 7 A- 39 BBB+ 154 Total $ 200 PSEG recorded no credit losses for the leveraged leases existing on September 30, 2024 . Upon the occurrence of certain defaults, indirect subsidiaries of Energy Holdings would exercise their rights and seek recovery of their investments, potentially including stepping into the lease directly to protect their investments. While these actions could ultimately protect or mitigate the loss of value, they could require the use of significant capital and trigger certain material tax obligations which could, for certain leases, wholly or partially be mitigated by tax indemnification claims against the counterparty. A bankruptcy of a lessee would likely delay and potentially limit any efforts on the part of the lessors to assert their rights upon default and could delay the monetization of claims.
Public Service Electric and Gas Company [Member]
Schedule of Financial Receivables [Line Items]
Financing Receivables	Note 6. Financ ing Receivables PSE&G PSE&G’s Solar Loan Programs are designed to help finance the installation of solar power systems throughout its electric service area. Interest income on the loans is recorded on an accrual basis. The loans are paid back with SRECs generated from the related installed solar electric system. PSE&G uses collection experience as a credit quality indicator for its Solar Loan Programs and conducted a comprehensive credit review for all borrowers. As of September 30, 2024, none of the solar loans were impaired; however, in the event a loan becomes impaired, the basis of the solar loan would be recovered through a regulatory recovery mechanism. Therefore, no current credit losses have been recorded for Solar Loan Programs I, II and III. A substantial portion of these loan amounts are noncurrent and reported in Long-Term Investments on PSEG’s and PSE&G’s Condensed Consolidated Balance Sheets. The following table reflects the outstanding loans by class of customer, none of which would be considered “non-performing.” As of Outstanding Loans by Class of Customers September 30, December 31, Millions Commercial/Industrial $ 42 $ 60 Residential 2 3 Total 44 63 Current Portion (included in Accounts Receivable) ( 18 ) ( 23 ) Noncurrent Portion (included in Long-Term Investments) $ 26 $ 40 The solar loans originated under three Solar Loan Programs are comprised as follows: Programs Balance as of September 30, 2024 Funding Provided Residential Loan Term Non-Residential Millions Solar Loan I $ 1 prior to 2013 10 years 15 years Solar Loan II 22 prior to 2015 10 years 15 years Solar Loan III 21 prior to 2022 10 years 10 years Total $ 44 The average life of loans paid in full is eight years , which is lower than the loan terms of 10 to 15 years due to the generation of SRECs being greater than expected and/or cash payments made to the loan. Payments on all outstanding loans were current as of September 30, 2024 and have an average remaining life of approximately two years . There are no remaining residential loans outstanding under the Solar Loan I program. Energy Holdings Energy Holdings, through its indirect subsidiaries, has investments in assets subject primarily to leveraged lease accounting. A leveraged lease is typically comprised of an investment by an equity investor and debt provided by a third-party debt investor. The debt is recourse only to the assets subject to lease and is not included on PSEG’s Condensed Consolidated Balance Sheets. As an equity investor, Energy Holdings’ equity investments in the leases are comprised of the total expected lease receivables over the lease terms, reduced for any income not yet earned on the leases. This amount is included in Long-Term Investments on PSEG’s Condensed Consolidated Balance Sheets. The more rapid depreciation of the leased property for tax purposes creates tax cash flow that will be repaid to the taxing authority in later periods. As such, the liability for such taxes due is recorded in Deferred Income Taxes on PSEG’s Condensed Consolidated Balance Sheets. Leveraged leases outstanding as of September 30, 2024 commenced in or prior to 2000. The following table shows Energy Holdings’ gross and net lease investments as of September 30, 2024 and December 31, 2023. As of September 30, December 31, Millions Lease Receivables (net of Non-Recourse Debt) $ 200 $ 223 Unearned and Deferred Income ( 53 ) ( 62 ) Gross Investments in Leases 147 161 Deferred Tax Liabilities ( 33 ) ( 36 ) Net Investments in Leases $ 114 $ 125 The corresponding receivables associated with the lease portfolio are reflected as follows, net of non-recourse debt. The ratings in the table represent the ratings of the entities providing payment assurance to Energy Holdings. Lease Receivables, Net of Counterparties' Standard & Poor's (S&P) Credit Rating as of September 30, 2024 As of September 30, 2024 Millions AA $ 7 A- 39 BBB+ 154 Total $ 200 PSEG recorded no credit losses for the leveraged leases existing on September 30, 2024 . Upon the occurrence of certain defaults, indirect subsidiaries of Energy Holdings would exercise their rights and seek recovery of their investments, potentially including stepping into the lease directly to protect their investments. While these actions could ultimately protect or mitigate the loss of value, they could require the use of significant capital and trigger certain material tax obligations which could, for certain leases, wholly or partially be mitigated by tax indemnification claims against the counterparty. A bankruptcy of a lessee would likely delay and potentially limit any efforts on the part of the lessors to assert their rights upon default and could delay the monetization of claims.

Trust Investments

Trust Investments	9 Months Ended
Trust Investments	Sep. 30, 2024
Schedule of Trust Investments [Line Items]
Trust Investments	Note 7. T rust Investments Nuclear Decommissioning Trust (NDT) Fund PSEG Power maintains an external master NDT to fund its share of decommissioning costs for its five nuclear facilities upon their respective termination of operation. The trust contains two separate funds: a qualified fund and a non-qualified fund. Section 468A of the Internal Revenue Code limits the amount of money that can be contributed into a qualified fund. The funds are managed by third-party investment managers who operate under investment guidelines developed by PSEG Power. The following tables show the amortized costs basis, gross unrealized gains and losses and fair values for the securities held in the NDT Fund. As of September 30, 2024 Cost Gross Gross Fair Millions Equity Securities Domestic $ 506 $ 407 $ ( 2 ) $ 911 International 418 137 ( 11 ) 544 Total Equity Securities 924 544 ( 13 ) 1,455 Available-for-Sale Debt Securities Government 822 9 ( 61 ) 770 Corporate 558 9 ( 25 ) 542 Total Available-for-Sale Debt Securities 1,380 18 ( 86 ) 1,312 Total NDT Fund Investments (A) $ 2,304 $ 562 $ ( 99 ) $ 2,767 (A) The NDT Fund Investments table excludes cash and foreign currency of $ 32 million as of September 30, 2024 , which is part of the NDT Fund. As of December 31, 2023 Cost Gross Gross Fair Millions Equity Securities Domestic $ 482 $ 300 $ ( 2 ) $ 780 International 423 118 ( 11 ) 530 Total Equity Securities 905 418 ( 13 ) 1,310 Available-for-Sale Debt Securities Government 759 4 ( 72 ) 691 Corporate 555 6 ( 39 ) 522 Total Available-for-Sale Debt Securities 1,314 10 ( 111 ) 1,213 Total NDT Fund Investments (A) $ 2,219 $ 428 $ ( 124 ) $ 2,523 (A) The NDT Fund Investments table excludes cash and foreign currency of $ 1 million as of December 31, 2023 , which is part of the NDT Fund. Net unrealized gains (losses) on debt securities of $( 40 ) million (after-tax) were included in Accumulated Other Comprehensive Loss (AOCL) on PSEG’s Condensed Consolidated Balance Sheet as of September 30, 2024. The portion of net unrealized gains (losses) recognized in the third quarter and first nine months of 2024 related to equity securities still held as of September 30, 2024 was $ 86 million and $ 168 million, respectively. The amounts in the preceding tables do not include receivables and payables for NDT Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table. As of As of September 30, December 31, Millions Accounts Receivable $ 21 $ 19 Accounts Payable $ 14 $ 6 The following table shows the value of securities in the NDT Fund that have been in an unrealized loss position for less than and greater than 12 months. As of September 30, 2024 As of December 31, 2023 Less Than 12 Greater Than 12 Less Than 12 Greater Than 12 Fair Gross Fair Gross Fair Gross Fair Gross Millions Equity Securities (A) Domestic $ 16 $ ( 1 ) $ 4 $ ( 1 ) $ 44 $ ( 1 ) $ 4 $ — International 57 ( 6 ) 16 ( 5 ) 35 ( 4 ) 28 ( 8 ) Total Equity Securities 73 ( 7 ) 20 ( 6 ) 79 ( 5 ) 32 ( 8 ) Available-for-Sale Debt Securities Government (B) 33 — 409 ( 61 ) 90 ( 1 ) 432 ( 71 ) Corporate (C) 11 — 255 ( 25 ) 19 — 329 ( 39 ) Total Available-for-Sale Debt Securities 44 — 664 ( 86 ) 109 ( 1 ) 761 ( 110 ) NDT Trust Investments $ 117 $ ( 7 ) $ 684 $ ( 92 ) $ 188 $ ( 6 ) $ 793 $ ( 118 ) (A) Equity Securities—Investments in marketable equity securities within the NDT Fund are primarily in common stocks within a broad range of industries and sectors. Unrealized gains and losses on these securities are recorded in Net Income. (B) Debt Securities (Government)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). The unrealized losses on PSEG Power’s NDT investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. PSEG Power also has investments in municipal bonds. It is not expected that these securities will settle for less than their amortized cost. PSEG Power does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG Power did not recognize credit losses for U.S. Treasury obligations and Federal Agency mortgage-backed securities because these investments are guaranteed by the U.S. government or an agency of the U.S. government. PSEG Power did not recognize credit losses for municipal bonds because they are primarily investment grade securities. (C) Debt Securities (Corporate)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). Unrealized losses were due to market declines. It is not expected that these securities would settle for less than their amortized cost. PSEG Power does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG Power did not recognize credit losses for corporate bonds because they are primarily investment grade securities. The following tables show the amortized cost basis, gross unrealized gains and losses and fair values for the securities held in the Rabbi Trust. As of September 30, 2024 Cost Gross Gross Fair Millions Domestic Equity Securities $ 9 $ 10 $ — $ 19 Available-for-Sale Debt Securities Government 104 — ( 17 ) 87 Corporate 77 — ( 8 ) 69 Total Available-for-Sale Debt Securities 181 — ( 25 ) 156 Total Rabbi Trust Investments $ 190 $ 10 $ ( 25 ) $ 175 As of December 31, 2023 Cost Gross Gross Fair Millions Domestic Equity Securities $ 10 $ 8 $ — $ 18 Available-for-Sale Debt Securities Government 110 — ( 19 ) 91 Corporate 80 — ( 10 ) 70 Total Available-for-Sale Debt Securities 190 — ( 29 ) 161 Total Rabbi Trust Investments $ 200 $ 8 $ ( 29 ) $ 179 Net unrealized gains (losses) on debt securities of $( 18 ) million (after-tax) were included in AOCL on PSEG’s Condensed Consolidated Balance Sheet as of September 30, 2024. The portion of net unrealized gains (losses) recognized during the third quarter and first nine months of 2024 related to equity securities still held as of September 30, 2024 were each approximately $ 1 million. The amounts in the preceding tables do not include receivables and payables for Rabbi Trust Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table. As of As of September 30, December 31, Millions Accounts Receivable $ 2 $ 1 Accounts Payable $ — $ — The following table shows the value of securities in the Rabbi Trust Fund that have been in an unrealized loss position for less than 12 months and greater than 12 months. As of September 30, 2024 As of December 31, 2023 Less Than 12 Greater Than 12 Less Than 12 Greater Than 12 Fair Gross Fair Gross Fair Gross Fair Gross Millions Available-for-Sale Debt Securities Government (A) $ 1 $ — $ 77 $ ( 17 ) $ 3 $ — $ 83 $ ( 19 ) Corporate (B) 1 — 53 ( 8 ) 3 — 60 ( 10 ) Total Available-for-Sale Debt Securities 2 — 130 ( 25 ) 6 — 143 ( 29 ) Rabbi Trust Investments $ 2 $ — $ 130 $ ( 25 ) $ 6 $ — $ 143 $ ( 29 ) (A) Debt Securities (Government)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). The unrealized losses on PSEG’s Rabbi Trust investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. PSEG also has investments in municipal bonds. It is not expected that these securities will settle for less than their amortized cost. PSEG does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG did not recognize credit losses for U.S. Treasury obligations and Federal Agency mortgage-backed securities because these investments are guaranteed by the U.S. government or an agency of the U.S. government. PSEG did not recognize credit losses for municipal bonds because they are primarily investment grade securities. (B) Debt Securities (Corporate)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). Unrealized losses were due to market declines. It is not expected that these securities would settle for less than their amortized cost. PSEG does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG did not recognize credit losses for corporate bonds because they are primarily investment grade. The proceeds from the sales of and the net gains (losses) on securities in the Rabbi Trust Fund were: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Millions Proceeds from Rabbi Trust Sales $ 10 $ 9 $ 25 $ 26 Net Realized Gains (Losses) on Rabbi Trust: Gross Realized Gains $ — $ 1 $ 2 $ 5 Gross Realized Losses — ( 1 ) ( 1 ) ( 6 ) Net Realized Gains (Losses) on Rabbi Trust (A) — — 1 ( 1 ) Net Unrealized Gains (Losses) on Equity Securities 1 ( 1 ) 1 1 Net Gains (Losses) on Rabbi Trust Investments $ 1 $ ( 1 ) $ 2 $ — (A) The cost of these securities was determined on the basis of specific identification. The Rabbi Trust debt securities held as of September 30, 2024 had the following maturities: Time Frame Fair Value Millions Less than one year $ 5 1 - 5 years 28 6 - 10 years 17 11 - 15 years 10 16 - 20 years 17 Over 20 years 79 Total Rabbi Trust Available-for-Sale Debt Securities $ 156 PSEG periodically assesses individual debt securities whose fair value is less than amortized cost to determine whether the investments are considered to be impaired. For these securities, management considers its intent to sell or requirement to sell a security prior to expected recovery. In those cases where a sale is expected, any impairment would be recorded through earnings. For fixed income securities where there is no intent to sell or likely requirement to sell, management evaluates whether credit loss is a component of the impairment. If so, that portion is recorded through earnings while the noncredit loss component is recorded through Accumulated Other Comprehensive Income (Loss). Any subsequent recoveries of the noncredit loss component of the impairment would be recorded through Accumulated Other Comprehensive Income (Loss). Any subsequent recoveries of the credit loss component would be recognized through earnings. The assessment of fair market value compared to cost is applied on a weighted average basis taking into account various purchase dates and initial cost of the securities. The fair value of the Rabbi Trust related to PSE&G and PSEG Power & Other is detailed as follows: As of As of September 30, December 31, Millions PSE&G $ 32 $ 32 PSEG Power & Other 143 147 Total Rabbi Trust Investments $ 175 $ 179

Pension and Other Postretiremen

Pension and Other Postretirement Benefits (OPEB)	9 Months Ended
Pension and Other Postretirement Benefits (OPEB)	Sep. 30, 2024
Defined Benefit Plan Disclosure [Line Items]
Pension and Other Postretirement Benefits (OPEB)	Note 8 . Pension and Other Postretirement Benefits (OPEB) PSEG sponsors and Services administers qualified and nonqualified pension plans and OPEB plans covering PSEG’s and its participating affiliates’ current and former employees who meet certain eligibility criteria. PSEG and PSE&G are required to record the under or over funded positions of their defined benefit pension and OPEB plans on their respective balance sheets. Such funding positions are required to be measured as of the date of their respective year-end Consolidated Balance Sheets. The following table provides the components of net periodic benefit costs (credits) relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization, co-owner allocations and the 2023 BPU accounting order. Only the service cost component is eligible for capitalization, when applicable. Pension Benefits OPEB Pension Benefits OPEB Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2024 2023 2024 2023 2024 2023 2024 2023 Millions Components of Net Periodic Benefit (Credits) Costs Service Cost (included in O&M Expense) $ 24 $ 23 $ 1 $ 1 $ 71 $ 68 $ 2 $ 3 Non-Service Components of Pension and OPEB (Credits) Costs Interest Cost 57 62 9 10 169 200 28 31 Expected Return on Plan Assets ( 80 ) ( 87 ) ( 9 ) ( 8 ) ( 241 ) ( 278 ) ( 26 ) ( 25 ) Amortization of Net Prior Service Credit — — — ( 13 ) — — 1 ( 39 ) Actuarial Loss (Gain) 17 19 — ( 1 ) 53 67 ( 1 ) ( 2 ) Settlement Charge Resulting from Pension Lift-Out — 332 — — — 332 — — Non-Service Components of Pension and OPEB (Credits) Costs ( 6 ) 326 — ( 12 ) ( 19 ) 321 2 ( 35 ) Total Net Benefit (Credits) Costs $ 18 $ 349 $ 1 $ ( 11 ) $ 52 $ 389 $ 4 $ ( 32 ) Pension and OPEB (credits) costs for PSE&G and PSEG Power & Other are detailed as follows: Pension Benefits OPEB Pension Benefits OPEB Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2024 2023 2024 2023 2024 2023 2024 2023 Millions PSE&G $ 11 $ 10 $ — $ ( 11 ) $ 32 $ 37 $ ( 1 ) $ ( 31 ) PSEG Power & Other 7 339 1 — 20 352 5 ( 1 ) Total Net Benefit (Credits) Costs $ 18 $ 349 $ 1 $ ( 11 ) $ 52 $ 389 $ 4 $ ( 32 ) PSEG has completed its entire $ 5 million contribution planned in 2024 for its OPEB plan and does not plan to contribute to its pension plan in 2024. In July 2023, PSEG and Fiduciary Counselors Inc., as independent fiduciary of the Pension Plan of Public Service Enterprise Group Incorporated and Pension Plan of Public Service Enterprise Group Incorporated II (together, the Plans), entered into a commitment agreement (for a “lift-out”) with The Prudential Insurance Company of America (the Insurer) under which the Plans agreed to purchase a nonparticipating single premium group annuity contract that has transferred to the Insurer approximately $ 1 billion of the Plans’ defined benefit pension obligations and associated Plan assets related to certain pension benefits. The contract covers approximately 2,000 retirees from PSEG Power & Other, excluding Services (Participants). To the extent provided in the contract, the Insurer has made an irrevocable commitment, and will be solely responsible, to pay benefits of each Participant that are due on and after December 31, 2023. The transaction resulted in no changes to the amount of benefits payable to Participants. PSEG completed the transaction in August 2023. As a result of the transaction, PSEG recognized a one-time settlement charge of $ 332 million ($ 239 million, net of tax) in the third quarter of 2023 related to the immediate recognition of unamortized net actuarial loss associated with the portion of the pension involved in the transaction. Servco Pension and OPEB Servco sponsors a qualified pension plan and OPEB plan covering its employees who meet certain eligibility criteria. Under the OSA, employee benefit costs for these plans are funded by LIPA. See Note 3. Variable Interest Entity. These obligations, as well as the offsetting long-term receivable, are separately presented on the Condensed Consolidated Balance Sheet of PSEG. Servco amounts are not included in any of the preceding pension and OPEB cost disclosures. Pension and OPEB costs of Servco are accounted for according to the OSA. Servco recognizes expenses for contributions to its pension plan trusts and for OPEB payments made to retirees. Operating Revenues are recognized for the reimbursement of these costs. Servco has completed its entire $ 25 million contribution planned in 2024 for its pension plan. Servco’s pension-related revenues and costs were $ 12 million and $ 9 million for three months ended September 30, 2024 and 2023 , respectively, and $ 25 million and $ 18 million for the nine months ended September 30, 2024 and 2023 , respectively. The OPEB-related revenues earned and costs incurred were $ 3 million for both the three months ended September 30, 2024 and 2023 , and $ 10 million and $ 9 million for the nine months ended September 30, 2024 and 2023 , respectively.
Public Service Electric and Gas Company [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension and Other Postretirement Benefits (OPEB)	Note 8 . Pension and Other Postretirement Benefits (OPEB) PSEG sponsors and Services administers qualified and nonqualified pension plans and OPEB plans covering PSEG’s and its participating affiliates’ current and former employees who meet certain eligibility criteria. PSEG and PSE&G are required to record the under or over funded positions of their defined benefit pension and OPEB plans on their respective balance sheets. Such funding positions are required to be measured as of the date of their respective year-end Consolidated Balance Sheets. The following table provides the components of net periodic benefit costs (credits) relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization, co-owner allocations and the 2023 BPU accounting order. Only the service cost component is eligible for capitalization, when applicable. Pension Benefits OPEB Pension Benefits OPEB Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2024 2023 2024 2023 2024 2023 2024 2023 Millions Components of Net Periodic Benefit (Credits) Costs Service Cost (included in O&M Expense) $ 24 $ 23 $ 1 $ 1 $ 71 $ 68 $ 2 $ 3 Non-Service Components of Pension and OPEB (Credits) Costs Interest Cost 57 62 9 10 169 200 28 31 Expected Return on Plan Assets ( 80 ) ( 87 ) ( 9 ) ( 8 ) ( 241 ) ( 278 ) ( 26 ) ( 25 ) Amortization of Net Prior Service Credit — — — ( 13 ) — — 1 ( 39 ) Actuarial Loss (Gain) 17 19 — ( 1 ) 53 67 ( 1 ) ( 2 ) Settlement Charge Resulting from Pension Lift-Out — 332 — — — 332 — — Non-Service Components of Pension and OPEB (Credits) Costs ( 6 ) 326 — ( 12 ) ( 19 ) 321 2 ( 35 ) Total Net Benefit (Credits) Costs $ 18 $ 349 $ 1 $ ( 11 ) $ 52 $ 389 $ 4 $ ( 32 ) Pension and OPEB (credits) costs for PSE&G and PSEG Power & Other are detailed as follows: Pension Benefits OPEB Pension Benefits OPEB Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2024 2023 2024 2023 2024 2023 2024 2023 Millions PSE&G $ 11 $ 10 $ — $ ( 11 ) $ 32 $ 37 $ ( 1 ) $ ( 31 ) PSEG Power & Other 7 339 1 — 20 352 5 ( 1 ) Total Net Benefit (Credits) Costs $ 18 $ 349 $ 1 $ ( 11 ) $ 52 $ 389 $ 4 $ ( 32 ) PSEG has completed its entire $ 5 million contribution planned in 2024 for its OPEB plan and does not plan to contribute to its pension plan in 2024. In July 2023, PSEG and Fiduciary Counselors Inc., as independent fiduciary of the Pension Plan of Public Service Enterprise Group Incorporated and Pension Plan of Public Service Enterprise Group Incorporated II (together, the Plans), entered into a commitment agreement (for a “lift-out”) with The Prudential Insurance Company of America (the Insurer) under which the Plans agreed to purchase a nonparticipating single premium group annuity contract that has transferred to the Insurer approximately $ 1 billion of the Plans’ defined benefit pension obligations and associated Plan assets related to certain pension benefits. The contract covers approximately 2,000 retirees from PSEG Power & Other, excluding Services (Participants). To the extent provided in the contract, the Insurer has made an irrevocable commitment, and will be solely responsible, to pay benefits of each Participant that are due on and after December 31, 2023. The transaction resulted in no changes to the amount of benefits payable to Participants. PSEG completed the transaction in August 2023. As a result of the transaction, PSEG recognized a one-time settlement charge of $ 332 million ($ 239 million, net of tax) in the third quarter of 2023 related to the immediate recognition of unamortized net actuarial loss associated with the portion of the pension involved in the transaction. Servco Pension and OPEB Servco sponsors a qualified pension plan and OPEB plan covering its employees who meet certain eligibility criteria. Under the OSA, employee benefit costs for these plans are funded by LIPA. See Note 3. Variable Interest Entity. These obligations, as well as the offsetting long-term receivable, are separately presented on the Condensed Consolidated Balance Sheet of PSEG. Servco amounts are not included in any of the preceding pension and OPEB cost disclosures. Pension and OPEB costs of Servco are accounted for according to the OSA. Servco recognizes expenses for contributions to its pension plan trusts and for OPEB payments made to retirees. Operating Revenues are recognized for the reimbursement of these costs. Servco has completed its entire $ 25 million contribution planned in 2024 for its pension plan. Servco’s pension-related revenues and costs were $ 12 million and $ 9 million for three months ended September 30, 2024 and 2023 , respectively, and $ 25 million and $ 18 million for the nine months ended September 30, 2024 and 2023 , respectively. The OPEB-related revenues earned and costs incurred were $ 3 million for both the three months ended September 30, 2024 and 2023 , and $ 10 million and $ 9 million for the nine months ended September 30, 2024 and 2023 , respectively.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
Commitments and Contingent Liabilities	Sep. 30, 2024
Loss Contingencies [Line Items]
Commitments and Contingent Liabilities	Note 9. Co mmitments and Contingent Liabilities Guaranteed Obligations PSEG Power’s activities primarily involve the purchase and/or sale of energy, nuclear fuel and other related products under transportation, physical, financial and forward contracts at fixed and variable prices. These transactions are with numerous counterparties and brokers that may require cash, letters of credit or guarantees as a form of collateral. PSEG Power has unconditionally guaranteed payments to counterparties on behalf of its subsidiaries in commodity-related transactions in order to • support current exposure, interest and other costs on sums due and payable in the ordinary course of business, and • obtain credit. PSEG Power is subject to • counterparty collateral calls related to commodity contracts of its subsidiaries, and • certain creditworthiness standards as guarantor under performance guarantees of its subsidiaries. Under these agreements, guarantees cover credit extended between entities and is often reciprocal in nature. The exposure between counterparties can move in either direction. In order for PSEG Power to incur a liability for the face value of the outstanding guarantees, • its subsidiaries would have to fully utilize the credit granted to them by every counterparty to whom PSEG Power has provided a guarantee, and • the net position of the related contracts would have to be “out-of-the-money” (if the contracts are terminated, PSEG Power would owe money to the counterparties). PSEG Power believes the probability of this result is unlikely. For this reason, PSEG Power believes that the current exposure at any point in time is a more meaningful representation of the potential liability under these guarantees. Current exposure consists of the net of accounts receivable and accounts payable and the forward value on open positions, less any collateral posted. Changes in commodity prices can have a material impact on collateral requirements under such contracts, which are posted and received primarily in the form of cash and letters of credit. PSEG Power also routinely enters into futures and options transactions for electricity and natural gas as part of its operations. These futures contracts usually require a cash margin deposit with brokers, which can change based on market movement and in accordance with exchange rules. In addition to the guarantees discussed above, PSEG Power has also provided payment guarantees to third parties and regulatory authorities on behalf of its affiliated companies. These guarantees support various other non-commodity related obligations. The following table shows the face value of PSEG Power’s outstanding guarantees, current exposure and margin positions as of September 30, 2024 and December 31, 2023. As of As of September 30, December 31, Millions Face Value of Outstanding Guarantees $ 1,340 $ 1,381 Exposure under Current Guarantees $ 40 $ 118 Letters of Credit - Counterparty Margining Posted $ 4 $ 10 Letters of Credit - Counterparty Margining Received $ 60 $ 91 Cash Deposited and Received Counterparty Cash Collateral Deposited $ — $ — Counterparty Cash Collateral Received $ ( 1 ) $ ( 2 ) Net Broker Balance Deposited (Received) $ 117 $ 115 Additional Amounts Posted Other Letters of Credit $ 155 $ 180 As part of determining credit exposure, PSEG Power nets receivables and payables with the corresponding net fair values of energy contracts. See Note 11. Financial Risk Management Activities for further discussion. In accordance with PSEG’s accounting policy, where it is applicable, cash (received)/deposited is allocated against derivative asset and liability positions with the same counterparty on the face of the Condensed Consolidated Balance Sheet. The remaining balances of net cash (received)/deposited after allocation are generally included in Accounts Payable and Receivable, respectively. In addition to amounts for outstanding guarantees, current exposure and margin positions, PSEG and PSEG Power have posted letters of credit to support PSEG Power’s various other non-energy contractual and environmental obligations. See Other Letters of Credit in the preceding table. Environmental Matters Passaic River Lower Passaic River Study Area The U.S. Environmental Protection Agency (EPA) has determined that a 17-mile stretch of the Passaic River (Lower Passaic River Study Area (LPRSA)) in New Jersey is a “Superfund” site under the Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA). PSE&G and certain of its predecessors conducted operations at properties in this area, including at one site that was transferred to PSEG Power. The EPA has announced two separate cleanup plans for the Lower 8.3 miles and Upper 9 miles of the LPRSA. The EPA’s plan for the Lower 8.3 miles involves dredging and capping sediments at an estimated cost of $ 2.3 billion, and its plan for the Upper 9 miles involves dredging and capping sediments at an estimated cost of $ 550 million. Additional cleanup work may be required depending on the results of these initial phases of work. Occidental Chemical Corporation (Occidental) has voluntarily completed the design of the cleanup plan for the Lower 8.3 miles and has received an EPA Unilateral Administrative Order directing it to design the cleanup plan for the Upper 9 miles. It has filed two lawsuits against PSE&G and others to attempt to recover costs associated with this work and to obtain a declaratory judgement of parties’ shares of any future costs. PSEG cannot predict the outcome of the litigation. The EPA has announced a proposed settlement with 82 parties who have agreed to pay $ 150 million to resolve their LPRSA CERCLA liability, in whole or in part. It is uncertain whether the settlement will be finalized as currently proposed. PSE&G and PSEG Power are not included in the proposed settlement, but the EPA sent PSE&G, Occidental, and several other Potentially Responsible Parties (PRPs) a letter in March 2022 inviting them to submit to the EPA individually or jointly an offer to fund or participate in the next stages of the remediation. PSEG submitted a good faith offer to the EPA in June 2022 on behalf of PSE&G and PSEG Power. PSEG understands that the EPA is evaluating its offer. As of September 30, 2024 , PSEG has approximately $ 66 million accrued for this matter. PSE&G has an Environmental Costs Liability of $ 53 million and a corresponding Regulatory Asset based on its continued ability to recover such costs in its rates. PSEG Power has an Environmental Costs Liability of $ 13 million. The outcome of this matter is uncertain, and until (i) a final remedy for the entire LPRSA is selected and an agreement is reached by the PRPs to fund it, (ii) PSE&G’s and PSEG Power’s respective shares of the costs are determined, and (iii) PSE&G’s ability to recover the costs in its rates is determined, it is not possible to predict this matter’s ultimate impact on PSEG’s financial statements. It is possible that PSE&G and PSEG Power will record additional costs beyond what they have accrued, and that such costs could be material, but PSEG cannot at the current time estimate the amount or range of any additional costs. Newark Bay Study Area The EPA has established the Newark Bay Study Area, which is an extension of the LPRSA and includes Newark Bay and portions of surrounding waterways. The EPA has notified PSEG and 21 other PRPs of their potential liability. PSE&G and PSEG Power are unable to estimate their respective portions of any loss or possible range of loss related to this matter. In December 2018, PSEG Power completed the sale of the site of the Hudson electric generating station. PSEG Power contractually transferred all land rights and structures on the Hudson site to a third-party purchaser, along with the assumption of the environmental liabilities for the site. Natural Resource Damage Claims New Jersey and certain federal regulators have alleged that PSE&G, PSEG Power and 56 other PRPs may be liable for natural resource damages within the LPRSA. In particular, PSE&G, PSEG Power and other PRPs received notice from federal regulators of the regulators’ intent to move forward with a series of studies assessing potential damages to natural resources at the Diamond Alkali Superfund site, which includes the LPRSA and the Newark Bay Study Area. PSE&G and PSEG Power are unable to estimate their respective portions of any possible loss or range of loss related to this matter. Hackensack River In 2022, the EPA announced it had designated approximately 23 river miles of the Lower Hackensack River as a federal Superfund site. PSE&G and certain of its predecessors conducted operations at properties in this area, including at the Hudson, Bergen and Kearny generating stations that were transferred to PSEG Power. PSEG Power subsequently contractually transferred all land rights and structures on the Hudson generating station site to a third-party purchaser, along with the assumption of the environmental liabilities for that site. In 2024, the EPA identified PSE&G and four other parties as PRPs for the site and requested that they voluntarily perform a technical study of a portion of the river designated as “Operable Unit 2.” The EPA estimates that the technical study will cost $ 55 million to complete and PSE&G and PSEG Power have agreed to participate in the technical study. PSE&G and PSEG Power do not believe participation in the technical study will have a material impact on their results of operations and financial condition based upon EPA’s estimate of the study costs; however, future costs related to this matter could be material. Manufactured Gas Plant (MGP) Remediation Program PSE&G is working with the New Jersey Department of Environmental Protection (NJDEP) to assess, investigate and remediate environmental conditions at its former MGP sites. To date, 38 sites requiring some level of remedial action have been identified. Based on its current studies, PSE&G has determined that the estimated cost to remediate all MGP sites to completion could range between $ 222 million and $ 246 million on an undiscounted basis, including its $ 53 million share for the Passaic River as discussed above. Since no amount within the range is considered to be most likely, PSE&G has recorded a liability of $ 222 million as of September 30, 2024 . Of this amount, $ 64 million was recorded in Other Current Liabilities and $ 158 million was reflected as Environmental Costs in Noncurrent Liabilities. PSE&G has recorded a $ 222 million Regulatory Asset with respect to these costs. PSE&G periodically updates its studies taking into account any new regulations or new information which could impact future remediation costs and adjusts its recorded liability accordingly. PSE&G completed sampling in the Passaic River in 2020 to delineate coal tar from certain MGP sites that abut the Passaic River Superfund site. PSEG cannot determine at this time the magnitude of any impact on the Passaic River Superfund remedy. Legacy Environmental Obligations at Former Fossil Generating Sites PSEG Power has retained ownership of certain liabilities excluded from the 2022 sale of its fossil generation portfolio. These liabilities primarily relate to obligations under the New Jersey Industrial Site Recovery Act (ISRA) and the Connecticut Transfer Act (CTA) to investigate and remediate PSEG Power’s two formerly owned generating station sites in Connecticut, and six formerly owned generating station sites in New Jersey. In addition, PSEG Power still owns two former generating station sites in New Jersey that triggered ISRA in 2015. PSEG Power is in the process of fulfilling its obligations under the New Jersey ISRA and the CTA to investigate these sites. It will require multiple years and comprehensive environmental sampling to understand the extent of and to carry out the required remediation. At this stage in the remediation process, the full remediation costs are not estimable, but given the number and operating history of the facilities in the portfolio, the full remediation costs will likely be material in the aggregate. The costs could potentially include costs for, among other things, excavating soil, implementation of institutional controls, and the construction, operation and maintenance of engineering controls. In May 2024, the EPA finalized revisions to the coal combustion residuals rule (CCR Rule) which established new requirements for the investigation and, if necessary, the cleanup of certain types of coal ash placed at certain fossil generation station sites, including certain sites owned or formerly owned by PSEG Power. PSEG is in the process of investigating each of the sites that PSEG Power currently owns that are subject to the CCR Rule, as well as sites that were formerly owned that are subject to the CCR Rule where PSEG Power retained certain environmental obligations to investigate and, if necessary, remediate. PSEG is currently unable to estimate the impact of the CCR Rule, but it could have a material impact on PSEG’s business, results of operations and cash flows. Clean Water Act (CWA) Section 316(b) Rule The EPA’s CWA Section 316(b) rule establishes requirements for the design and operation of cooling water intake structures at existing power plants and industrial facilities with a design flow of more than two million gallons of water per day. In June 2016, the NJDEP issued a final New Jersey Pollutant Discharge Elimination System permit for Salem. In July 2016, the Delaware Riverkeeper Network (Riverkeeper) filed an administrative hearing request challenging certain conditions of the permit, including the NJDEP’s application of the 316(b) rule. If the Riverkeeper’s challenge is successful, PSEG Power may be required to incur additional costs to comply with the CWA. Potential cooling water and/or service water system modification costs could be material and could adversely impact the economic competitiveness of this facility. Basic Generation Service (BGS), BGSS and ZECs Each year, PSE&G obtains its electric supply requirements through annual New Jersey BGS auctions for two categories of customers that choose not to purchase electric supply from third-party suppliers. The first category is residential and smaller commercial and industrial customers (BGS-Residential Small Commercial Pricing (RSCP)). The second category is larger customers that exceed a BPU-established load (kilowatt (kW)) threshold (BGS-Commercial and Industrial Energy Pricing (CIEP)). Pursuant to applicable BPU rules, PSE&G enters into the Supplier Master Agreements with the winners of these RSCP and CIEP BGS auctions to purchase BGS for PSE&G’s load requirements. The winners of the RSCP and CIEP auctions are responsible for fulfilling all the requirements of a PJM load-serving entity including the provision of capacity, energy, ancillary services and any other services required by PJM. BGS suppliers assume all volume risk and customer migration risk and must satisfy New Jersey’s renewable portfolio standards. The BGS-CIEP auction is for a one-year supply period from June 1 to May 31 with the BGS-CIEP auction price measured in dollars per MW-day for capacity. The final price for the BGS-CIEP auction year commencing June 1, 2024 is $ 378.21 per MW-day, replacing the BGS-CIEP auction year price ending May 31, 2024 of $ 330.72 per MW-day. Energy for BGS-CIEP is priced at hourly PJM locational marginal prices for the contract period. PSE&G contracts for its anticipated BGS-RSCP load on a three-year rolling basis, whereby each year one-third of the load is procured for a three-year period. The contract prices in dollars per MWh for the BGS-RSCP supply, as well as the approximate load, are as follows: Auction Year 2021 2022 2023 2024 36-Month Terms Ending May 2024 May 2025 May 2026 May 2027 (A) Load (MW) 2,900 2,800 2,800 2,900 $ per MWh $ 64.80 $ 76.30 $ 93.11 $ 80.88 (A) Prices set in the 2024 BGS auction became effective on June 1, 2024 when the 2021 BGS auction agreements expired. PSE&G has a full-requirements contract with PSEG Power to meet the gas supply requirements of PSE&G’s gas customers. PSEG Power has entered into hedges for a portion of these anticipated BGSS obligations, as permitted by the BPU. The BPU permits PSE&G to recover the cost of gas hedging up to 115 billion cubic feet or 80 % of its residential gas supply annual requirements through the BGSS tariff. Current plans call for PSEG Power to hedge on behalf of PSE&G approximately 70 billion cubic feet or 50 % of its residential gas supply annual requirements. For additional information, see Note 18. Related-Party Transactions. Pursuant to a process established by the BPU, New Jersey EDCs, including PSE&G, are required to purchase ZECs from eligible nuclear plants selected by the BPU. In April 2021, PSEG Power’s Salem 1, Salem 2 and Hope Creek nuclear plants were awarded ZECs for the three-year eligibility period from June 2022 through May 2025. PSE&G has implemented a tariff to collect a non-bypassable distribution charge in the amount of $ 0.004 per KWh from its retail distribution customers to be used to purchase the ZECs from these plants. PSE&G will purchase the ZECs on a monthly basis with payment to be made annually following completion of each energy year. Minimum Fuel Purchase Requirements PSEG Power’s nuclear fuel strategy is to maintain certain levels of uranium and to make periodic purchases to support such levels. As such, the commitments referred to in the following table may include estimated quantities to be purchased that deviate from contractual nominal quantities. PSEG Power’s minimum nuclear fuel commitments cover approximately 100 % of its estimated uranium, enrichment and fabrication requirements through 2027 and a significant portion through 2028 at Salem, Hope Creek and Peach Bottom. PSEG Power has various multi-year contracts for natural gas and firm transportation and storage capacity for natural gas that are primarily used to meet its obligations to PSE&G. As of September 30, 2024, the total minimum purchase requirements included in these commitments were as follows: Fuel Type PSEG Power’s Share of Commitments through 2028 Millions Nuclear Fuel Uranium $ 396 Enrichment $ 287 Fabrication $ 179 Natural Gas $ 1,286 Pending FERC Matters FERC has been conducting a non-public investigation of the Roseland-Pleasant Valley transmission project. FERC staff presented PSE&G with its non-public preliminary findings, alleging that PSE&G violated FERC regulations. PSE&G disagrees with FERC staff’s allegations and believes it has factual and legal defenses that refute these allegations. PSE&G has the opportunity to respond to these preliminary findings. The matter is pending and the investigation is ongoing. PSE&G is unable to predict the outcome or estimate the range of possible loss related to this matter; however, depending on the success of PSE&G’s factual and legal arguments, the potential financial and other penalties that PSE&G may incur could be material to PSEG’s and PSE&G’s results of operations and financial condition. BPU Audit of PSE&G In 2020, the BPU ordered the commencement of a comprehensive affiliate and management audit of PSE&G. It has been more than ten years since the BPU last conducted a management and affiliate audit of this kind of PSE&G, which is initiated periodically as required by New Jersey statutes/regulations. Phase 1 of the audit reviews affiliate relations and cost allocation between PSE&G and its affiliates, including an analysis of the relationship between PSE&G and PSEG Energy Resources & Trade, LLC, a wholly owned subsidiary of PSEG Power over the past ten years, and between PSE&G and PSEG LI. Phase 2 is a comprehensive management audit, which addresses, among other things, executive management, corporate governance, system operations, human resources, cyber security, compliance with customer protection requirements and customer safety. The audit officially began in late May 2021. The BPU Audit Staff submitted the final audit report to the BPU in June 2023. The BPU is currently considering public comments on the audit report and has not yet determined which audit recommendations it will require PSE&G to implement. It is not possible at this time to predict the outcome of this matter. Litigation Sewaren 7 Construction In June 2018, a complaint was filed in federal court in Newark, New Jersey against PSEG Fossil LLC, which at the time was a wholly owned subsidiary of PSEG Power, regarding an ongoing dispute with Durr Mechanical Construction, Inc. (Durr), a contractor on the Sewaren 7 project. Among other things, Durr seeks damages of $ 93 million and alleges that PSEG Power withheld money owed to Durr and that PSEG Power’s intentional conduct led to the inability of Durr to obtain prospective contracts. PSEG Power intends to vigorously defend against these allegations. In January 2021, the court partially granted PSEG Power’s motion to dismiss certain claims, reducing the amount claimed to $ 68 million. In December 2018, Durr filed for Chapter 11 bankruptcy in the federal court in the Southern District of New York (SDNY). The SDNY bankruptcy court has allowed the New Jersey litigation to proceed. PSEG Power has accrued an amount related to outstanding invoices which does not reflect an assessment of claims and potential counterclaims in this matter. Due to its preliminary nature, PSEG Power cannot predict the outcome of this matter. Other Litigation and Legal Proceedings PSEG and its subsidiaries are party to various lawsuits in the ordinary course of business. In view of the inherent difficulty in predicting the outcome of such matters, PSEG and PSE&G generally cannot predict the eventual outcome of the pending matters, the timing of the ultimate resolution of these matters, or the eventual loss, fines or penalties related to each pending matter. In accordance with applicable accounting guidance, a liability is accrued when those matters present loss contingencies that are both probable and reasonably estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. PSEG will continue to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established. Based on current knowledge, management does not believe that loss contingencies arising from pending matters, other than the matters described herein, could have a material adverse effect on PSEG’s or PSE&G’s consolidated financial position or liquidity. However, in light of the inherent uncertainties involved in these matters, some of which are beyond PSEG’s control, and the large or indeterminate damages sought in some of these matters, an adverse outcome in one or more of these matters could be material to PSEG’s or PSE&G’s results of operations or liquidity for any particular reporting period.

Debt and Credit Facilities

Debt and Credit Facilities	9 Months Ended
Debt and Credit Facilities	Sep. 30, 2024
Debt Instrument [Line Items]
Debt and Credit Facilities	Note 10 . Debt and Credit Facilities Long-Term Debt Financing Transactions The following long-term debt transactions occurred in the nine months ended September 30, 2024: PSEG • issued $ 750 million of 5.20 % Senior Notes due April 2029, • issued $ 500 million of 5.45 % Senior Notes due April 2034, and • retired $ 750 million of 2.88 % Senior Notes at maturity. PSE&G • issued $ 450 million of 5.20 % Secured Medium-Term Notes, Series Q, due March 2034, • issued $ 550 million of 5.45 % Secured Medium-Term Notes, Series Q, due March 2054, • issued $ 600 million of 4.85 % Secured Medium-Term Notes, Series Q, due August 2034, • issued $ 500 million of 5.30 % Secured Medium-Term Notes, Series Q, due August 2054, • retired $ 250 million of 3.75 % Secured Medium-Term Notes, Series I, at maturity, and • retired $ 250 million of 3.15 % Secured Medium-Term Notes, Series J, at maturity. Short-Term Liquidity PSEG meets its short-term liquidity requirements, as well as those of PSEG Power, primarily through the issuance of commercial paper and, from time to time, short-term loans. PSE&G maintains its own separate commercial paper program to meet its short-term liquidity requirements. Each commercial paper program is fully back-stopped by its own separate credit facility. The commitments under the $ 3.8 billion credit facilities are provided by a diverse bank group. As of September 30, 2024 , the total available credit capacity was $ 3.2 billion. As of September 30, 2024 , no single institution represented more than 9 % of the total commitments in the credit facilities. As of September 30, 2024, PSEG’s liquidity position, including credit facilities and access to external financing, was expected to be sufficient to meet its projected stressed requirements over a 12-month planning horizon. 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 committed credit facilities and available liquidity as of September 30, 2024 were as follows: As of September 30, 2024 Company/Facility Total Usage (B) Available Expiration Primary Purpose Millions PSEG Revolving Credit Facility (A) $ 1,500 $ 561 $ 939 Mar 2028 Commercial Paper Support/Funding/Letters of Credit Total PSEG $ 1,500 $ 561 $ 939 PSE&G Revolving Credit Facility $ 1,000 $ 21 $ 979 Mar 2028 Commercial Paper Support/Funding/Letters of Credit Total PSE&G $ 1,000 $ 21 $ 979 PSEG Power Revolving Credit Facility (A) $ 1,250 $ 37 $ 1,213 Mar 2028 Funding/Letters of Credit Letter of Credit Facility 75 45 30 Apr 2026 Letters of Credit Total PSEG Power $ 1,325 $ 82 $ 1,243 Total (C) $ 3,825 $ 664 $ 3,161 (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 September 30, 2024 , PSEG had $ 547 million outstanding commercial paper at a weighted average interest rate of 4.95 % and PSE&G had no commercial paper outstanding. (C) Amounts do not include uncommitted credit facilities or 364-day term loans, if any apply. PSEG Power has uncommitted credit facilities totaling $ 200 million, which can be utilized for letters of credit. As of September 30, 2024 , PSEG Power had $ 75 million in letters of credit outstanding under these uncommitted credit facilities. In addition, a subsidiary of PSEG Power has an uncommitted credit facility for $ 150 million, which can be utilized for cash collateral postings. Short-Term Loans In April 2023, PSEG entered into a new 364-day variable rate term loan agreement for $ 750 million. In August 2023, PSEG repaid $ 250 million of the $ 750 million 364-day variable rate term loan and the remaining $ 500 million matured in April 2024.
Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Debt and Credit Facilities	Note 10 . Debt and Credit Facilities Long-Term Debt Financing Transactions The following long-term debt transactions occurred in the nine months ended September 30, 2024: PSEG • issued $ 750 million of 5.20 % Senior Notes due April 2029, • issued $ 500 million of 5.45 % Senior Notes due April 2034, and • retired $ 750 million of 2.88 % Senior Notes at maturity. PSE&G • issued $ 450 million of 5.20 % Secured Medium-Term Notes, Series Q, due March 2034, • issued $ 550 million of 5.45 % Secured Medium-Term Notes, Series Q, due March 2054, • issued $ 600 million of 4.85 % Secured Medium-Term Notes, Series Q, due August 2034, • issued $ 500 million of 5.30 % Secured Medium-Term Notes, Series Q, due August 2054, • retired $ 250 million of 3.75 % Secured Medium-Term Notes, Series I, at maturity, and • retired $ 250 million of 3.15 % Secured Medium-Term Notes, Series J, at maturity. Short-Term Liquidity PSEG meets its short-term liquidity requirements, as well as those of PSEG Power, primarily through the issuance of commercial paper and, from time to time, short-term loans. PSE&G maintains its own separate commercial paper program to meet its short-term liquidity requirements. Each commercial paper program is fully back-stopped by its own separate credit facility. The commitments under the $ 3.8 billion credit facilities are provided by a diverse bank group. As of September 30, 2024 , the total available credit capacity was $ 3.2 billion. As of September 30, 2024 , no single institution represented more than 9 % of the total commitments in the credit facilities. As of September 30, 2024, PSEG’s liquidity position, including credit facilities and access to external financing, was expected to be sufficient to meet its projected stressed requirements over a 12-month planning horizon. 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 committed credit facilities and available liquidity as of September 30, 2024 were as follows: As of September 30, 2024 Company/Facility Total Usage (B) Available Expiration Primary Purpose Millions PSEG Revolving Credit Facility (A) $ 1,500 $ 561 $ 939 Mar 2028 Commercial Paper Support/Funding/Letters of Credit Total PSEG $ 1,500 $ 561 $ 939 PSE&G Revolving Credit Facility $ 1,000 $ 21 $ 979 Mar 2028 Commercial Paper Support/Funding/Letters of Credit Total PSE&G $ 1,000 $ 21 $ 979 PSEG Power Revolving Credit Facility (A) $ 1,250 $ 37 $ 1,213 Mar 2028 Funding/Letters of Credit Letter of Credit Facility 75 45 30 Apr 2026 Letters of Credit Total PSEG Power $ 1,325 $ 82 $ 1,243 Total (C) $ 3,825 $ 664 $ 3,161 (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 September 30, 2024 , PSEG had $ 547 million outstanding commercial paper at a weighted average interest rate of 4.95 % and PSE&G had no commercial paper outstanding. (C) Amounts do not include uncommitted credit facilities or 364-day term loans, if any apply. PSEG Power has uncommitted credit facilities totaling $ 200 million, which can be utilized for letters of credit. As of September 30, 2024 , PSEG Power had $ 75 million in letters of credit outstanding under these uncommitted credit facilities. In addition, a subsidiary of PSEG Power has an uncommitted credit facility for $ 150 million, which can be utilized for cash collateral postings. Short-Term Loans In April 2023, PSEG entered into a new 364-day variable rate term loan agreement for $ 750 million. In August 2023, PSEG repaid $ 250 million of the $ 750 million 364-day variable rate term loan and the remaining $ 500 million matured in April 2024.

Financial Risk Management Activ

Financial Risk Management Activities	9 Months Ended
Financial Risk Management Activities	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Financial Risk Management Activities	Note 11. Financial Risk Management Activities Derivative accounting guidance requires that a derivative instrument be recognized as either an asset or a liability at fair value, with changes in fair value of the derivative recognized in earnings each period. Other accounting treatments are available through special election and designation provided that the derivative instrument meets specific, restrictive criteria, both at the time of designation and on an ongoing basis. These alternative permissible treatments include normal purchases and normal sales (NPNS), cash flow hedge and fair value hedge accounting. PSEG uses interest rate swaps and other derivatives, which are designated and qualifying as cash flow or fair value hedges. PSEG Power enters into additional contracts that are derivatives, but are not designated as either cash flow hedges or fair value hedges. These transactions are economic hedges and are recorded at fair market value with changes recognized in earnings. Commodity Prices Within PSEG and its affiliate companies, PSEG Power has the most exposure to commodity price risk primarily relating to changes in the market price of electricity, natural gas and other commodities. Fluctuations in market prices result from changes in supply and demand, fuel costs, market conditions, weather, state and federal regulatory policies, environmental policies, transmission availability and other factors. PSEG Power uses a variety of derivative and non-derivative instruments, such as financial options, futures, swaps, fuel purchases and forward purchases and sales of electricity, to manage the exposure to fluctuations in commodity prices and optimize the value of PSEG Power’s expected generation. PSEG Power also uses derivatives to hedge a portion of its anticipated BGSS obligations with PSE&G. For additional information see Note 9. Commitments and Contingent Liabilities. Additionally, prospective changes in the fair market value of these derivative contracts are recorded in earnings. Interest Rates PSEG, PSE&G and PSEG Power are subject to the risk of fluctuating interest rates in the normal course of business. Exposure to this risk is managed by targeting a balanced debt maturity profile which limits refinancing in any given period or interest rate environment. PSEG, PSE&G and PSEG Power may use a mix of fixed and floating rate debt and interest rate hedges. Cash Flow Hedges PSEG uses interest rate hedges which are designated and effective as cash flow hedges, to manage its exposure to the variability of cash flows, primarily related to variable-rate debt instruments or anticipated future long-term debt issuances. As of September 30, 2024 , PSEG had interest rate hedges outstanding totaling $ 1.25 billion which were executed to convert to fixed PSEG Power’s $ 1.25 billion variable rate term loan due March 2025. The fair value of these hedges was $ 1 million and $ 5 million as of September 30, 2024 and December 31, 2023, respectively. In the third quarter of 2024, PSEG entered into interest rate hedges to fix the interest rate for a portion of anticipated debt issuances for PSEG and PSEG Power. As of September 30, 2024, these swaps had a fair value of $( 3 ) million. The Accumulated Other Comprehensive Income (Loss) (after tax) related to outstanding and terminated interest rate hedges designated as cash flow hedges was $ 12 million and $ 3 million as of September 30, 2024 and December 31, 2023 , respectively. The after-tax unrealized gains on these hedges expected to be reclassified to earnings during the next 12 months is $ 3 million. Fair Values of Derivative Instruments The following are the fair values of derivative instruments on the Condensed Consolidated Balance Sheets. The following tables also include disclosures for offsetting derivative assets and liabilities which are subject to a master netting or similar agreement. In general, the terms of the agreements provide that in the event of an early termination the counterparties have the right to offset amounts owed or owing under that and any other agreement with the same counterparty. Accordingly, and in accordance with PSEG’s accounting policy, these positions are offset on the Condensed Consolidated Balance Sheets of PSEG. For additional information see Note 12. Fair Value Measurements. Substantially all 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 September 30, 2024 and December 31, 2023 . The following tabular disclosure does not include the offsetting of trade receivables and payables. As of September 30, 2024 PSEG PSEG Power Consolidated Cash Flow Hedges Not Designated Balance Sheet Location Interest Energy- Netting Total PSEG Total Millions Derivative Contracts Current Assets $ 1 $ 509 $ ( 475 ) $ 34 $ 35 Noncurrent Assets 1 507 ( 472 ) 35 36 Total Mark-to-Market Derivative Assets $ 2 $ 1,016 $ ( 947 ) $ 69 $ 71 Derivative Contracts Current Liabilities $ ( 1 ) $ ( 558 ) $ 541 $ ( 17 ) $ ( 18 ) Noncurrent Liabilities ( 3 ) ( 444 ) 441 ( 3 ) ( 6 ) Total Mark-to-Market Derivative (Liabilities) $ ( 4 ) $ ( 1,002 ) $ 982 $ ( 20 ) $ ( 24 ) Total Net Mark-to-Market Derivative Assets (Liabilities) $ ( 2 ) $ 14 $ 35 $ 49 $ 47 As of December 31, 2023 PSEG PSEG Power Consolidated Cash Flow Hedges Not Designated Balance Sheet Location Interest Energy- Netting Total PSEG Total Millions Derivative Contracts Current Assets $ 6 $ 912 $ ( 806 ) $ 106 $ 112 Noncurrent Assets — 440 ( 411 ) 29 29 Total Mark-to-Market Derivative Assets $ 6 $ 1,352 $ ( 1,217 ) $ 135 $ 141 Derivative Contracts Current Liabilities $ ( 16 ) $ ( 890 ) $ 820 $ ( 70 ) $ ( 86 ) Noncurrent Liabilities ( 1 ) ( 424 ) 419 ( 5 ) ( 6 ) Total Mark-to-Market Derivative (Liabilities) $ ( 17 ) $ ( 1,314 ) $ 1,239 $ ( 75 ) $ ( 92 ) Total Net Mark-to-Market Derivative Assets (Liabilities) $ ( 11 ) $ 38 $ 22 $ 60 $ 49 (A) Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of cash collateral. All cash collateral (received) posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of September 30, 2024 and December 31, 2023 , PSEG Power had net cash collateral (receipts) payments to counterparties of $ 116 million and $ 113 million, respectively. Of these net cash collateral (receipts) payments, $ 35 million and $ 22 million as of September 30, 2024 and December 31, 2023 , respectively, were netted against the corresponding net derivative contract positions. Of the $ 35 million as of September 30, 2024 , $( 31 ) million was netted against noncurrent assets and $ 66 million against current liabilities. Of the $ 22 million as of December 31, 2023 , $( 1 ) million was netted against current assets, $ 15 million against current liabilities and $ 8 million against noncurrent liabilities. Certain of PSEG Power’s derivative instruments contain provisions that require PSEG Power to post collateral. This collateral may be posted in the form of cash or credit support with thresholds contingent upon PSEG Power’s credit rating from each of the major credit rating agencies. The collateral and credit support requirements vary by contract and by counterparty. These credit risk-related contingent features stipulate that if PSEG Power were to be downgraded to a below investment grade rating by S&P or Moody’s, it would be required to provide additional collateral. A below investment grade credit rating for PSEG Power would represent a two-level downgrade from its current Moody’s and S&P ratings. This incremental collateral requirement can offset collateral requirements related to other derivative instruments that are assets with the same counterparty, where the contractual right of offset exists under applicable master agreements. PSEG Power may also enter into commodity transactions on the New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE). The NYMEX and ICE clearing houses act as counterparties to each trade. Transactions on the NYMEX and ICE must adhere to comprehensive collateral and margin requirements. The aggregate fair value of all derivative instruments with credit risk-related contingent features in a liability position that are not fully collateralized (excluding transactions on the NYMEX and ICE that are fully collateralized) was $ 32 million as of September 30, 2024 and $ 77 million as of December 31, 2023. As of September 30, 2024 and December 31, 2023 , PSEG Power had the contractual right of offset of $ 12 million and $ 3 million, respectively, related to derivative instruments that are assets with the same counterparty under master agreements and net of margin posted. If PSEG Power had been downgraded to a below investment grade rating, it would have had additional collateral obligations of $ 20 million and $ 74 million as of September 30, 2024 and December 31, 2023, respectively, related to its derivatives, net of the contractual right of offset under master agreements and the application of collateral. The following shows the effect on the Condensed Consolidated Statements of Operations and on AOCL of derivative instruments designated as cash flow hedges for the three and nine months ended September 30, 2024 and 2023: Amount of Pre-Tax Location of Amount of Pre-Tax Three Months Ended Three Months Ended Derivatives in Cash Flow September 30, September 30, Hedging Relationships 2024 2023 2024 2023 Millions Millions PSEG Interest Rate Derivatives $ ( 6 ) $ 18 Interest Expense $ 4 $ 3 Total PSEG $ ( 6 ) $ 18 $ 4 $ 3 Amount of Pre-Tax Location of Amount of Pre-Tax Nine Months Ended Nine Months Ended Derivatives in Cash Flow September 30, September 30, Hedging Relationships 2024 2023 2024 2023 Millions Millions PSEG Interest Rate Derivatives $ 24 $ 32 Interest Expense $ 11 $ 3 Total PSEG $ 24 $ 32 $ 11 $ 3 The effect of interest rate cash flow hedges is recorded in Interest Expense in PSEG’s Condensed Consolidated Statement of Operations. For the nine months ended September 30, 2024 and 2023 , the amount of gain on interest rate hedges reclassified from AOCL into income was $ 8 million and $ 2 million after-tax, respectively. The following reconciles the Accumulated Other Comprehensive Income (Loss) for derivative activity included in AOCL of PSEG on a pre-tax and after-tax basis. Accumulated Other Comprehensive Income (Loss) Pre-Tax After-Tax Millions Balance as of December 31, 2022 $ ( 4 ) $ ( 3 ) Gain Recognized in AOCL 13 9 Less: Gain Reclassified into Income ( 5 ) ( 3 ) Balance as of December 31, 2023 $ 4 $ 3 Gain Recognized in AOCL 24 17 Less: Gain Reclassified into Income ( 11 ) ( 8 ) Balance as of September 30, 2024 $ 17 $ 12 The following shows the effect on the Condensed Consolidated Statements of Operations of derivative instruments not designated as hedging instruments or as NPNS for the three months and nine months ended September 30, 2024 and 2023, respectively. PSEG Power’s derivative contracts reflected in this table include contracts to hedge the purchase and sale of electricity and natural gas, and the purchase of fuel. Derivatives Not Designated as Hedges Location of Pre-Tax Pre-Tax Gain (Loss) Recognized in Income on Derivatives Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Millions Energy-Related Contracts Operating Revenues $ 56 $ 3 $ 133 $ 1,244 Total $ 56 $ 3 $ 133 $ 1,244 The following table summarizes the net notional volume purchases/(sales) of open derivative transactions by commodity as of September 30, 2024 and December 31, 2023. As of As of Type Notional September 30, 2024 December 31, 2023 Millions Natural Gas Dekatherm (Dth) 66 66 Electricity MWh ( 57 ) ( 60 ) Financial Transmission Rights (FTRs) MWh 21 19 Interest Rate Derivatives U.S. Dollars 1,750 2,000 Credit Risk Credit risk relates to the risk of loss that PSEG Power would incur as a result of non-performance by counterparties pursuant to the terms of their contractual obligations for the purchase and/or sale of energy, nuclear fuel and other related products, where PSEG Power has extended unsecured credit. PSEG has established credit policies that it believes significantly minimize credit risk. These policies include an evaluation of potential counterparties’ financial condition (including credit rating), collateral requirements under certain circumstances and the use of standardized agreements, which allow for the netting of positive and negative exposures associated with a single counterparty. In the event of non-performance or non-payment by a major counterparty, there may be a material adverse impact on PSEG’s financial condition, results of operations or net cash flows. As of September 30, 2024 , nearly 100 % of the net credit exposure for PSEG Power’s wholesale operations was with investment grade counterparties. There were two counterparties with credit exposure greater than 10 % of the total. These credit exposures were with PSE&G and one non-affiliated counterparty. The PSE&G credit exposure is eliminated in consolidation. See Note 18. Related-Party Transactions for additional information. PSE&G’s supplier master agreements are approved by the BPU and govern the terms of its electric supply procurement contracts. These agreements define a supplier’s performance assurance requirements and allow a supplier to meet its credit requirements with a certain amount of unsecured credit. The amount of unsecured credit is determined based on the supplier’s credit ratings from the major credit rating agencies and the supplier’s tangible net worth. The credit position is based on the initial market price, which is the forward price of energy on the day the procurement transaction is executed, compared to the forward price curve for energy on the valuation day. To the extent that the forward price curve for energy exceeds the initial market price, the supplier is required to post a parental guarantee or other security instrument such as a letter of credit or cash, as collateral to the extent the credit exposure is greater than the supplier’s unsecured credit limit. As of September 30, 2024, PSEG held parental guarantees, letters of credit and cash as security. PSE&G’s BGS suppliers’ credit exposure is calculated each business day. As of September 30, 2024 , PSE&G had no unsecured mark-to-market credit exposure with its suppliers. PSE&G is permitted to recover its costs of procuring energy through the BPU-approved BGS tariffs. PSE&G’s counterparty credit risk is mitigated by its ability to recover realized energy costs through customer rates.
Public Service Electric and Gas Company [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Financial Risk Management Activities	Note 11. Financial Risk Management Activities Derivative accounting guidance requires that a derivative instrument be recognized as either an asset or a liability at fair value, with changes in fair value of the derivative recognized in earnings each period. Other accounting treatments are available through special election and designation provided that the derivative instrument meets specific, restrictive criteria, both at the time of designation and on an ongoing basis. These alternative permissible treatments include normal purchases and normal sales (NPNS), cash flow hedge and fair value hedge accounting. PSEG uses interest rate swaps and other derivatives, which are designated and qualifying as cash flow or fair value hedges. PSEG Power enters into additional contracts that are derivatives, but are not designated as either cash flow hedges or fair value hedges. These transactions are economic hedges and are recorded at fair market value with changes recognized in earnings. Commodity Prices Within PSEG and its affiliate companies, PSEG Power has the most exposure to commodity price risk primarily relating to changes in the market price of electricity, natural gas and other commodities. Fluctuations in market prices result from changes in supply and demand, fuel costs, market conditions, weather, state and federal regulatory policies, environmental policies, transmission availability and other factors. PSEG Power uses a variety of derivative and non-derivative instruments, such as financial options, futures, swaps, fuel purchases and forward purchases and sales of electricity, to manage the exposure to fluctuations in commodity prices and optimize the value of PSEG Power’s expected generation. PSEG Power also uses derivatives to hedge a portion of its anticipated BGSS obligations with PSE&G. For additional information see Note 9. Commitments and Contingent Liabilities. Additionally, prospective changes in the fair market value of these derivative contracts are recorded in earnings. Interest Rates PSEG, PSE&G and PSEG Power are subject to the risk of fluctuating interest rates in the normal course of business. Exposure to this risk is managed by targeting a balanced debt maturity profile which limits refinancing in any given period or interest rate environment. PSEG, PSE&G and PSEG Power may use a mix of fixed and floating rate debt and interest rate hedges. Cash Flow Hedges PSEG uses interest rate hedges which are designated and effective as cash flow hedges, to manage its exposure to the variability of cash flows, primarily related to variable-rate debt instruments or anticipated future long-term debt issuances. As of September 30, 2024 , PSEG had interest rate hedges outstanding totaling $ 1.25 billion which were executed to convert to fixed PSEG Power’s $ 1.25 billion variable rate term loan due March 2025. The fair value of these hedges was $ 1 million and $ 5 million as of September 30, 2024 and December 31, 2023, respectively. In the third quarter of 2024, PSEG entered into interest rate hedges to fix the interest rate for a portion of anticipated debt issuances for PSEG and PSEG Power. As of September 30, 2024, these swaps had a fair value of $( 3 ) million. The Accumulated Other Comprehensive Income (Loss) (after tax) related to outstanding and terminated interest rate hedges designated as cash flow hedges was $ 12 million and $ 3 million as of September 30, 2024 and December 31, 2023 , respectively. The after-tax unrealized gains on these hedges expected to be reclassified to earnings during the next 12 months is $ 3 million. Fair Values of Derivative Instruments The following are the fair values of derivative instruments on the Condensed Consolidated Balance Sheets. The following tables also include disclosures for offsetting derivative assets and liabilities which are subject to a master netting or similar agreement. In general, the terms of the agreements provide that in the event of an early termination the counterparties have the right to offset amounts owed or owing under that and any other agreement with the same counterparty. Accordingly, and in accordance with PSEG’s accounting policy, these positions are offset on the Condensed Consolidated Balance Sheets of PSEG. For additional information see Note 12. Fair Value Measurements. Substantially all 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 September 30, 2024 and December 31, 2023 . The following tabular disclosure does not include the offsetting of trade receivables and payables. As of September 30, 2024 PSEG PSEG Power Consolidated Cash Flow Hedges Not Designated Balance Sheet Location Interest Energy- Netting Total PSEG Total Millions Derivative Contracts Current Assets $ 1 $ 509 $ ( 475 ) $ 34 $ 35 Noncurrent Assets 1 507 ( 472 ) 35 36 Total Mark-to-Market Derivative Assets $ 2 $ 1,016 $ ( 947 ) $ 69 $ 71 Derivative Contracts Current Liabilities $ ( 1 ) $ ( 558 ) $ 541 $ ( 17 ) $ ( 18 ) Noncurrent Liabilities ( 3 ) ( 444 ) 441 ( 3 ) ( 6 ) Total Mark-to-Market Derivative (Liabilities) $ ( 4 ) $ ( 1,002 ) $ 982 $ ( 20 ) $ ( 24 ) Total Net Mark-to-Market Derivative Assets (Liabilities) $ ( 2 ) $ 14 $ 35 $ 49 $ 47 As of December 31, 2023 PSEG PSEG Power Consolidated Cash Flow Hedges Not Designated Balance Sheet Location Interest Energy- Netting Total PSEG Total Millions Derivative Contracts Current Assets $ 6 $ 912 $ ( 806 ) $ 106 $ 112 Noncurrent Assets — 440 ( 411 ) 29 29 Total Mark-to-Market Derivative Assets $ 6 $ 1,352 $ ( 1,217 ) $ 135 $ 141 Derivative Contracts Current Liabilities $ ( 16 ) $ ( 890 ) $ 820 $ ( 70 ) $ ( 86 ) Noncurrent Liabilities ( 1 ) ( 424 ) 419 ( 5 ) ( 6 ) Total Mark-to-Market Derivative (Liabilities) $ ( 17 ) $ ( 1,314 ) $ 1,239 $ ( 75 ) $ ( 92 ) Total Net Mark-to-Market Derivative Assets (Liabilities) $ ( 11 ) $ 38 $ 22 $ 60 $ 49 (A) Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of cash collateral. All cash collateral (received) posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of September 30, 2024 and December 31, 2023 , PSEG Power had net cash collateral (receipts) payments to counterparties of $ 116 million and $ 113 million, respectively. Of these net cash collateral (receipts) payments, $ 35 million and $ 22 million as of September 30, 2024 and December 31, 2023 , respectively, were netted against the corresponding net derivative contract positions. Of the $ 35 million as of September 30, 2024 , $( 31 ) million was netted against noncurrent assets and $ 66 million against current liabilities. Of the $ 22 million as of December 31, 2023 , $( 1 ) million was netted against current assets, $ 15 million against current liabilities and $ 8 million against noncurrent liabilities. Certain of PSEG Power’s derivative instruments contain provisions that require PSEG Power to post collateral. This collateral may be posted in the form of cash or credit support with thresholds contingent upon PSEG Power’s credit rating from each of the major credit rating agencies. The collateral and credit support requirements vary by contract and by counterparty. These credit risk-related contingent features stipulate that if PSEG Power were to be downgraded to a below investment grade rating by S&P or Moody’s, it would be required to provide additional collateral. A below investment grade credit rating for PSEG Power would represent a two-level downgrade from its current Moody’s and S&P ratings. This incremental collateral requirement can offset collateral requirements related to other derivative instruments that are assets with the same counterparty, where the contractual right of offset exists under applicable master agreements. PSEG Power may also enter into commodity transactions on the New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE). The NYMEX and ICE clearing houses act as counterparties to each trade. Transactions on the NYMEX and ICE must adhere to comprehensive collateral and margin requirements. The aggregate fair value of all derivative instruments with credit risk-related contingent features in a liability position that are not fully collateralized (excluding transactions on the NYMEX and ICE that are fully collateralized) was $ 32 million as of September 30, 2024 and $ 77 million as of December 31, 2023. As of September 30, 2024 and December 31, 2023 , PSEG Power had the contractual right of offset of $ 12 million and $ 3 million, respectively, related to derivative instruments that are assets with the same counterparty under master agreements and net of margin posted. If PSEG Power had been downgraded to a below investment grade rating, it would have had additional collateral obligations of $ 20 million and $ 74 million as of September 30, 2024 and December 31, 2023, respectively, related to its derivatives, net of the contractual right of offset under master agreements and the application of collateral. The following shows the effect on the Condensed Consolidated Statements of Operations and on AOCL of derivative instruments designated as cash flow hedges for the three and nine months ended September 30, 2024 and 2023: Amount of Pre-Tax Location of Amount of Pre-Tax Three Months Ended Three Months Ended Derivatives in Cash Flow September 30, September 30, Hedging Relationships 2024 2023 2024 2023 Millions Millions PSEG Interest Rate Derivatives $ ( 6 ) $ 18 Interest Expense $ 4 $ 3 Total PSEG $ ( 6 ) $ 18 $ 4 $ 3 Amount of Pre-Tax Location of Amount of Pre-Tax Nine Months Ended Nine Months Ended Derivatives in Cash Flow September 30, September 30, Hedging Relationships 2024 2023 2024 2023 Millions Millions PSEG Interest Rate Derivatives $ 24 $ 32 Interest Expense $ 11 $ 3 Total PSEG $ 24 $ 32 $ 11 $ 3 The effect of interest rate cash flow hedges is recorded in Interest Expense in PSEG’s Condensed Consolidated Statement of Operations. For the nine months ended September 30, 2024 and 2023 , the amount of gain on interest rate hedges reclassified from AOCL into income was $ 8 million and $ 2 million after-tax, respectively. The following reconciles the Accumulated Other Comprehensive Income (Loss) for derivative activity included in AOCL of PSEG on a pre-tax and after-tax basis. Accumulated Other Comprehensive Income (Loss) Pre-Tax After-Tax Millions Balance as of December 31, 2022 $ ( 4 ) $ ( 3 ) Gain Recognized in AOCL 13 9 Less: Gain Reclassified into Income ( 5 ) ( 3 ) Balance as of December 31, 2023 $ 4 $ 3 Gain Recognized in AOCL 24 17 Less: Gain Reclassified into Income ( 11 ) ( 8 ) Balance as of September 30, 2024 $ 17 $ 12 The following shows the effect on the Condensed Consolidated Statements of Operations of derivative instruments not designated as hedging instruments or as NPNS for the three months and nine months ended September 30, 2024 and 2023, respectively. PSEG Power’s derivative contracts reflected in this table include contracts to hedge the purchase and sale of electricity and natural gas, and the purchase of fuel. Derivatives Not Designated as Hedges Location of Pre-Tax Pre-Tax Gain (Loss) Recognized in Income on Derivatives Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Millions Energy-Related Contracts Operating Revenues $ 56 $ 3 $ 133 $ 1,244 Total $ 56 $ 3 $ 133 $ 1,244 The following table summarizes the net notional volume purchases/(sales) of open derivative transactions by commodity as of September 30, 2024 and December 31, 2023. As of As of Type Notional September 30, 2024 December 31, 2023 Millions Natural Gas Dekatherm (Dth) 66 66 Electricity MWh ( 57 ) ( 60 ) Financial Transmission Rights (FTRs) MWh 21 19 Interest Rate Derivatives U.S. Dollars 1,750 2,000 Credit Risk Credit risk relates to the risk of loss that PSEG Power would incur as a result of non-performance by counterparties pursuant to the terms of their contractual obligations for the purchase and/or sale of energy, nuclear fuel and other related products, where PSEG Power has extended unsecured credit. PSEG has established credit policies that it believes significantly minimize credit risk. These policies include an evaluation of potential counterparties’ financial condition (including credit rating), collateral requirements under certain circumstances and the use of standardized agreements, which allow for the netting of positive and negative exposures associated with a single counterparty. In the event of non-performance or non-payment by a major counterparty, there may be a material adverse impact on PSEG’s financial condition, results of operations or net cash flows. As of September 30, 2024 , nearly 100 % of the net credit exposure for PSEG Power’s wholesale operations was with investment grade counterparties. There were two counterparties with credit exposure greater than 10 % of the total. These credit exposures were with PSE&G and one non-affiliated counterparty. The PSE&G credit exposure is eliminated in consolidation. See Note 18. Related-Party Transactions for additional information. PSE&G’s supplier master agreements are approved by the BPU and govern the terms of its electric supply procurement contracts. These agreements define a supplier’s performance assurance requirements and allow a supplier to meet its credit requirements with a certain amount of unsecured credit. The amount of unsecured credit is determined based on the supplier’s credit ratings from the major credit rating agencies and the supplier’s tangible net worth. The credit position is based on the initial market price, which is the forward price of energy on the day the procurement transaction is executed, compared to the forward price curve for energy on the valuation day. To the extent that the forward price curve for energy exceeds the initial market price, the supplier is required to post a parental guarantee or other security instrument such as a letter of credit or cash, as collateral to the extent the credit exposure is greater than the supplier’s unsecured credit limit. As of September 30, 2024, PSEG held parental guarantees, letters of credit and cash as security. PSE&G’s BGS suppliers’ credit exposure is calculated each business day. As of September 30, 2024 , PSE&G had no unsecured mark-to-market credit exposure with its suppliers. PSE&G is permitted to recover its costs of procuring energy through the BPU-approved BGS tariffs. PSE&G’s counterparty credit risk is mitigated by its ability to recover realized energy costs through customer rates.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements	Note 12. Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Accounting guidance for fair value measurement emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and establishes a fair value hierarchy that distinguishes between assumptions based on market data obtained from independent sources and those based on an entity’s own assumptions. The hierarchy prioritizes the inputs to fair value measurement into three levels: Level 1—measurements utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that PSEG and PSE&G have the ability to access. These consist primarily of listed equity securities and money market mutual funds, as well as natural gas futures contracts executed on an exchange. Level 2—measurements include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and other observable inputs such as interest rates and yield curves that are observable at commonly quoted intervals. These consist primarily of non-exchange traded derivatives such as forward contracts or options and most fixed income securities. Level 3—measurements use unobservable inputs for assets or liabilities, based on the best information available and might include an entity’s own data and assumptions. In some valuations, the inputs used may fall into different levels of the hierarchy. In these cases, the financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. These consist primarily of certain electric load contracts. Certain derivative transactions may transfer from Level 2 to Level 3 if inputs become unobservable and internal modeling techniques are employed to determine fair value. Conversely, measurements may transfer from Level 3 to Level 2 if the inputs become observable. The following tables present information about PSEG’s and PSE&G’s respective assets and (liabilities) measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023, including the fair value measurements and the levels of inputs used in determining those fair values. Amounts shown for PSEG include the amounts shown for PSE&G. Recurring Fair Value Measurements as of September 30, 2024 Description Total Netting (E) Quoted Market Prices for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Millions PSEG Assets: Cash Equivalents (A) $ 110 $ — $ 110 $ — $ — Derivative Contracts: Energy-Related Contracts (B) $ 69 $ ( 947 ) $ 3 $ 1,013 $ — Interest Rate Derivatives (C) $ 2 $ — $ — $ 2 $ — NDT Fund (D) Equity Securities $ 1,455 $ — $ 1,455 $ — $ — Debt Securities—U.S. Treasury $ 348 $ — $ — $ 348 $ — Debt Securities—Govt Other $ 422 $ — $ — $ 422 $ — Debt Securities—Corporate $ 542 $ — $ — $ 542 $ — Rabbi Trust (D) Equity Securities $ 19 $ — $ 19 $ — $ — Debt Securities—U.S. Treasury $ 57 $ — $ — $ 57 $ — Debt Securities—Govt Other $ 30 $ — $ — $ 30 $ — Debt Securities—Corporate $ 69 $ — $ — $ 69 $ — Liabilities: Derivative Contracts: Energy-Related Contracts (B) $ ( 20 ) $ 982 $ ( 1 ) $ ( 1,000 ) $ ( 1 ) Interest Rate Derivatives (C) $ ( 4 ) $ — $ — $ ( 4 ) $ — PSE&G Assets: Cash Equivalents (A) $ 110 $ — $ 110 $ — $ — Rabbi Trust (D) Equity Securities $ 3 $ — $ 3 $ — $ — Debt Securities—U.S. Treasury $ 11 $ — $ — $ 11 $ — Debt Securities—Govt Other $ 5 $ — $ — $ 5 $ — Debt Securities—Corporate $ 13 $ — $ — $ 13 $ — Recurring Fair Value Measurements as of December 31, 2023 Description Total Netting (E) Quoted Market Prices for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Millions PSEG Assets: Cash Equivalents (A) $ 20 $ — $ 20 $ — $ — Derivative Contracts: Energy-Related Contracts (B) $ 135 $ ( 1,217 ) $ 13 $ 1,339 $ — Interest Rate Derivatives (C) $ 6 $ — $ — $ 6 $ — NDT Fund (D) Equity Securities $ 1,310 $ — $ 1,310 $ — $ — Debt Securities—U.S. Treasury $ 293 $ — $ — $ 293 $ — Debt Securities—Govt Other $ 398 $ — $ — $ 398 $ — Debt Securities—Corporate $ 522 $ — $ — $ 522 $ — Rabbi Trust (D) Equity Securities $ 18 $ — $ 18 $ — $ — Debt Securities—U.S. Treasury $ 59 $ — $ — $ 59 $ — Debt Securities—Govt Other $ 32 $ — $ — $ 32 $ — Debt Securities—Corporate $ 70 $ — $ — $ 70 $ — Liabilities: Derivative Contracts: Energy-Related Contracts (B) $ ( 75 ) $ 1,239 $ ( 1 ) $ ( 1,311 ) $ ( 2 ) Interest Rate Derivatives (C) $ ( 17 ) $ — $ — $ ( 17 ) $ — PSE&G Assets: Cash Equivalents (A) $ 20 $ — $ 20 $ — $ — Rabbi Trust (D) Equity Securities $ 3 $ — $ 3 $ — $ — Debt Securities—U.S. Treasury $ 11 $ — $ — $ 11 $ — Debt Securities—Govt Other $ 6 $ — $ — $ 6 $ — Debt Securities—Corporate $ 12 $ — $ — $ 12 $ — (A) Represents money market mutual funds. (B) Level 1—These contracts represent natural gas futures contracts executed on an exchange, and are being valued solely on settled pricing inputs which come directly from the exchange. Level 2—Fair values for energy-related contracts are obtained primarily using a market-based approach. Most derivative contracts (forward purchase or sale contracts and swaps) are valued using settled prices from similar assets and liabilities from an exchange, such as NYMEX, ICE and Nodal Exchange, or auction prices. Prices used in the valuation process are also corroborated independently by management to determine that values are based on actual transaction data or, in the absence of transactions, bid and offers for the day. Examples may include certain exchange and non-exchange traded capacity and electricity contracts and natural gas physical or swap contracts based on market prices, basis adjustments and other premiums where adjustments and premiums are not considered significant to the overall inputs. Level 3—Unobservable inputs are used for the valuation of certain contracts. See “Additional Information Regarding Level 3 Measurements” for more information on the utilization of unobservable inputs. (C) Interest rate derivatives are valued using quoted prices on commonly quoted intervals, which are interpolated for periods different than the quoted intervals, as inputs to a market valuation model. Market inputs can generally be verified and model selection does not involve significant management judgement. (D) The fair value measurement table excludes cash and foreign currency of $ 32 million and $ 1 million in the NDT Fund as of September 30, 2024 and December 31, 2023, respectively. The NDT Fund maintains investments in various equity and fixed income securities. The Rabbi Trust maintains investments in a Russell 3000 index fund and various fixed income securities. These securities are generally valued with prices that are either exchange provided (equity securities) or market transactions for comparable securities and/or broker quotes (fixed income securities). Level 1—Investments in marketable equity securities within the NDT Fund are primarily investments in common stocks across a broad range of industries and sectors. Most equity securities are priced utilizing the principal market close price or, in some cases, midpoint, bid or ask price. Certain other equity securities in the NDT and Rabbi Trust Funds consist primarily of investments in money market funds which seek a high level of current income as is consistent with the preservation of capital and the maintenance of liquidity. To pursue its goals, the funds normally invest in diversified portfolios of high quality, short-term, dollar-denominated debt securities and government securities. The funds’ net asset value is priced and published daily. The Rabbi Trust’s Russell 3000 index fund is valued based on quoted prices in an active market and can be redeemed daily without restriction. Level 2—NDT and Rabbi Trust fixed income securities include investment grade corporate bonds, collateralized mortgage obligations, asset-backed securities and certain government and U.S. Treasury obligations or Federal Agency asset-backed securities and municipal bonds with a wide range of maturities. Since many fixed income securities do not trade on a daily basis, they are priced using an evaluated pricing methodology that varies by asset class and reflects observable market information such as the most recent exchange price or quoted bid for similar securities. Market-based standard inputs typically include benchmark yields, reported trades, broker/dealer quotes and issuer spreads. Certain short-term investments are valued using observable market prices or market parameters such as time-to-maturity, coupon rate, quality rating and current yield. (E) Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of collateral. See Note 11. Financial Risk Management Activities for additional detail. Additional Information Regarding Level 3 Measurements For valuations that include both observable and unobservable inputs, if the unobservable input is determined to be significant to the overall inputs, the entire valuation is categorized in Level 3. This includes derivatives valued using indicative price quotations for contracts with tenors that extend into periods with no observable pricing. In instances where observable data is unavailable, consideration is given to the assumptions that market participants would use in valuing the asset or liability. This includes assumptions about market risks such as liquidity, volatility and contract duration. Such instruments are categorized in Level 3 because the model inputs generally are not observable. PSEG considers credit and non-performance risk in the valuation of derivative contracts categorized in Levels 2 and 3, including both historical and current market data, in its assessment of credit and non-performance risk by counterparty. The impacts of credit and non-performance risk were not material to the financial statements. As of September 30, 2024 , PSEG carried $ 3.1 billion of net assets that were measured at fair value on a recurring basis, of which $ 1 million of net liabilities were measured using unobservable inputs and classified as Level 3 within the fair value hierarchy and are considered immaterial. As of September 30, 2023 , PSEG carried $ 2.5 billion of net assets that were measured at fair value on a recurring basis, of which $ 4 million of net liabilities were measured using unobservable inputs and classified as Level 3 within the fair value hierarchy and are considered immaterial. There were no transfers to or from Level 3 during the nine months ended September 30, 2024 and 2023, respectively. Fair Value of Debt The estimated fair values, carrying amounts and methods used to determine the fair value of long-term debt as of September 30, 2024 and December 31, 2023 are included in the following table and accompanying notes. As of September 30, 2024 As of December 31, 2023 Carrying Fair Carrying Fair Millions Long-Term Debt: PSEG (A) $ 4,865 $ 4,877 $ 4,371 $ 4,240 PSE&G (A) 15,245 14,336 13,663 12,460 PSEG Power (B) 1,250 1,250 1,250 1,250 Total Long-Term Debt $ 21,360 $ 20,463 $ 19,284 $ 17,950 (A) Given that these bonds do not trade actively, the fair value amounts of taxable debt securities (primarily Level 2 measurements) are generally determined by a valuation model using market-based measurements that are processed through a rules-based pricing methodology. The fair value amounts above do not represent the price at which the outstanding debt may be called for redemption by each issuer under their respective debt agreements. (B) Private term loan with book value approximating fair value (Level 2 measurement).
Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements	Note 12. Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Accounting guidance for fair value measurement emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and establishes a fair value hierarchy that distinguishes between assumptions based on market data obtained from independent sources and those based on an entity’s own assumptions. The hierarchy prioritizes the inputs to fair value measurement into three levels: Level 1—measurements utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that PSEG and PSE&G have the ability to access. These consist primarily of listed equity securities and money market mutual funds, as well as natural gas futures contracts executed on an exchange. Level 2—measurements include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and other observable inputs such as interest rates and yield curves that are observable at commonly quoted intervals. These consist primarily of non-exchange traded derivatives such as forward contracts or options and most fixed income securities. Level 3—measurements use unobservable inputs for assets or liabilities, based on the best information available and might include an entity’s own data and assumptions. In some valuations, the inputs used may fall into different levels of the hierarchy. In these cases, the financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. These consist primarily of certain electric load contracts. Certain derivative transactions may transfer from Level 2 to Level 3 if inputs become unobservable and internal modeling techniques are employed to determine fair value. Conversely, measurements may transfer from Level 3 to Level 2 if the inputs become observable. The following tables present information about PSEG’s and PSE&G’s respective assets and (liabilities) measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023, including the fair value measurements and the levels of inputs used in determining those fair values. Amounts shown for PSEG include the amounts shown for PSE&G. Recurring Fair Value Measurements as of September 30, 2024 Description Total Netting (E) Quoted Market Prices for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Millions PSEG Assets: Cash Equivalents (A) $ 110 $ — $ 110 $ — $ — Derivative Contracts: Energy-Related Contracts (B) $ 69 $ ( 947 ) $ 3 $ 1,013 $ — Interest Rate Derivatives (C) $ 2 $ — $ — $ 2 $ — NDT Fund (D) Equity Securities $ 1,455 $ — $ 1,455 $ — $ — Debt Securities—U.S. Treasury $ 348 $ — $ — $ 348 $ — Debt Securities—Govt Other $ 422 $ — $ — $ 422 $ — Debt Securities—Corporate $ 542 $ — $ — $ 542 $ — Rabbi Trust (D) Equity Securities $ 19 $ — $ 19 $ — $ — Debt Securities—U.S. Treasury $ 57 $ — $ — $ 57 $ — Debt Securities—Govt Other $ 30 $ — $ — $ 30 $ — Debt Securities—Corporate $ 69 $ — $ — $ 69 $ — Liabilities: Derivative Contracts: Energy-Related Contracts (B) $ ( 20 ) $ 982 $ ( 1 ) $ ( 1,000 ) $ ( 1 ) Interest Rate Derivatives (C) $ ( 4 ) $ — $ — $ ( 4 ) $ — PSE&G Assets: Cash Equivalents (A) $ 110 $ — $ 110 $ — $ — Rabbi Trust (D) Equity Securities $ 3 $ — $ 3 $ — $ — Debt Securities—U.S. Treasury $ 11 $ — $ — $ 11 $ — Debt Securities—Govt Other $ 5 $ — $ — $ 5 $ — Debt Securities—Corporate $ 13 $ — $ — $ 13 $ — Recurring Fair Value Measurements as of December 31, 2023 Description Total Netting (E) Quoted Market Prices for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Millions PSEG Assets: Cash Equivalents (A) $ 20 $ — $ 20 $ — $ — Derivative Contracts: Energy-Related Contracts (B) $ 135 $ ( 1,217 ) $ 13 $ 1,339 $ — Interest Rate Derivatives (C) $ 6 $ — $ — $ 6 $ — NDT Fund (D) Equity Securities $ 1,310 $ — $ 1,310 $ — $ — Debt Securities—U.S. Treasury $ 293 $ — $ — $ 293 $ — Debt Securities—Govt Other $ 398 $ — $ — $ 398 $ — Debt Securities—Corporate $ 522 $ — $ — $ 522 $ — Rabbi Trust (D) Equity Securities $ 18 $ — $ 18 $ — $ — Debt Securities—U.S. Treasury $ 59 $ — $ — $ 59 $ — Debt Securities—Govt Other $ 32 $ — $ — $ 32 $ — Debt Securities—Corporate $ 70 $ — $ — $ 70 $ — Liabilities: Derivative Contracts: Energy-Related Contracts (B) $ ( 75 ) $ 1,239 $ ( 1 ) $ ( 1,311 ) $ ( 2 ) Interest Rate Derivatives (C) $ ( 17 ) $ — $ — $ ( 17 ) $ — PSE&G Assets: Cash Equivalents (A) $ 20 $ — $ 20 $ — $ — Rabbi Trust (D) Equity Securities $ 3 $ — $ 3 $ — $ — Debt Securities—U.S. Treasury $ 11 $ — $ — $ 11 $ — Debt Securities—Govt Other $ 6 $ — $ — $ 6 $ — Debt Securities—Corporate $ 12 $ — $ — $ 12 $ — (A) Represents money market mutual funds. (B) Level 1—These contracts represent natural gas futures contracts executed on an exchange, and are being valued solely on settled pricing inputs which come directly from the exchange. Level 2—Fair values for energy-related contracts are obtained primarily using a market-based approach. Most derivative contracts (forward purchase or sale contracts and swaps) are valued using settled prices from similar assets and liabilities from an exchange, such as NYMEX, ICE and Nodal Exchange, or auction prices. Prices used in the valuation process are also corroborated independently by management to determine that values are based on actual transaction data or, in the absence of transactions, bid and offers for the day. Examples may include certain exchange and non-exchange traded capacity and electricity contracts and natural gas physical or swap contracts based on market prices, basis adjustments and other premiums where adjustments and premiums are not considered significant to the overall inputs. Level 3—Unobservable inputs are used for the valuation of certain contracts. See “Additional Information Regarding Level 3 Measurements” for more information on the utilization of unobservable inputs. (C) Interest rate derivatives are valued using quoted prices on commonly quoted intervals, which are interpolated for periods different than the quoted intervals, as inputs to a market valuation model. Market inputs can generally be verified and model selection does not involve significant management judgement. (D) The fair value measurement table excludes cash and foreign currency of $ 32 million and $ 1 million in the NDT Fund as of September 30, 2024 and December 31, 2023, respectively. The NDT Fund maintains investments in various equity and fixed income securities. The Rabbi Trust maintains investments in a Russell 3000 index fund and various fixed income securities. These securities are generally valued with prices that are either exchange provided (equity securities) or market transactions for comparable securities and/or broker quotes (fixed income securities). Level 1—Investments in marketable equity securities within the NDT Fund are primarily investments in common stocks across a broad range of industries and sectors. Most equity securities are priced utilizing the principal market close price or, in some cases, midpoint, bid or ask price. Certain other equity securities in the NDT and Rabbi Trust Funds consist primarily of investments in money market funds which seek a high level of current income as is consistent with the preservation of capital and the maintenance of liquidity. To pursue its goals, the funds normally invest in diversified portfolios of high quality, short-term, dollar-denominated debt securities and government securities. The funds’ net asset value is priced and published daily. The Rabbi Trust’s Russell 3000 index fund is valued based on quoted prices in an active market and can be redeemed daily without restriction. Level 2—NDT and Rabbi Trust fixed income securities include investment grade corporate bonds, collateralized mortgage obligations, asset-backed securities and certain government and U.S. Treasury obligations or Federal Agency asset-backed securities and municipal bonds with a wide range of maturities. Since many fixed income securities do not trade on a daily basis, they are priced using an evaluated pricing methodology that varies by asset class and reflects observable market information such as the most recent exchange price or quoted bid for similar securities. Market-based standard inputs typically include benchmark yields, reported trades, broker/dealer quotes and issuer spreads. Certain short-term investments are valued using observable market prices or market parameters such as time-to-maturity, coupon rate, quality rating and current yield. (E) Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of collateral. See Note 11. Financial Risk Management Activities for additional detail. Additional Information Regarding Level 3 Measurements For valuations that include both observable and unobservable inputs, if the unobservable input is determined to be significant to the overall inputs, the entire valuation is categorized in Level 3. This includes derivatives valued using indicative price quotations for contracts with tenors that extend into periods with no observable pricing. In instances where observable data is unavailable, consideration is given to the assumptions that market participants would use in valuing the asset or liability. This includes assumptions about market risks such as liquidity, volatility and contract duration. Such instruments are categorized in Level 3 because the model inputs generally are not observable. PSEG considers credit and non-performance risk in the valuation of derivative contracts categorized in Levels 2 and 3, including both historical and current market data, in its assessment of credit and non-performance risk by counterparty. The impacts of credit and non-performance risk were not material to the financial statements. As of September 30, 2024 , PSEG carried $ 3.1 billion of net assets that were measured at fair value on a recurring basis, of which $ 1 million of net liabilities were measured using unobservable inputs and classified as Level 3 within the fair value hierarchy and are considered immaterial. As of September 30, 2023 , PSEG carried $ 2.5 billion of net assets that were measured at fair value on a recurring basis, of which $ 4 million of net liabilities were measured using unobservable inputs and classified as Level 3 within the fair value hierarchy and are considered immaterial. There were no transfers to or from Level 3 during the nine months ended September 30, 2024 and 2023, respectively. Fair Value of Debt The estimated fair values, carrying amounts and methods used to determine the fair value of long-term debt as of September 30, 2024 and December 31, 2023 are included in the following table and accompanying notes. As of September 30, 2024 As of December 31, 2023 Carrying Fair Carrying Fair Millions Long-Term Debt: PSEG (A) $ 4,865 $ 4,877 $ 4,371 $ 4,240 PSE&G (A) 15,245 14,336 13,663 12,460 PSEG Power (B) 1,250 1,250 1,250 1,250 Total Long-Term Debt $ 21,360 $ 20,463 $ 19,284 $ 17,950 (A) Given that these bonds do not trade actively, the fair value amounts of taxable debt securities (primarily Level 2 measurements) are generally determined by a valuation model using market-based measurements that are processed through a rules-based pricing methodology. The fair value amounts above do not represent the price at which the outstanding debt may be called for redemption by each issuer under their respective debt agreements. (B) Private term loan with book value approximating fair value (Level 2 measurement).

Net Other Income (Deductions)

Net Other Income (Deductions)	9 Months Ended
Net Other Income (Deductions)	Sep. 30, 2024
Component of Other Income (Deductions) [Line Items]
Net Other Income (Deductions)	Note 13. Net Other Income (Deductions) PSE&G PSEG Power & Other (A) Consolidated Millions Three Months Ended September 30, 2024 NDT Fund Interest and Dividends $ — $ 21 $ 21 Allowance for Funds Used During Construction 11 — 11 Solar Loan Interest 1 — 1 Other Interest 4 3 7 Other 2 ( 5 ) ( 3 ) Total Net Other Income (Deductions) $ 18 $ 19 $ 37 Nine Months Ended September 30, 2024 NDT Fund Interest and Dividends $ — 61 $ 61 Allowance for Funds Used During Construction 31 — 31 Solar Loan Interest 4 — 4 Other Interest 7 19 26 Other 8 ( 11 ) ( 3 ) Total Net Other Income (Deductions) $ 50 $ 69 $ 119 Three Months Ended September 30, 2023 NDT Fund Interest and Dividends $ — $ 16 $ 16 Allowance for Funds Used During Construction 15 — 15 Solar Loan Interest 2 — 2 Other Interest 3 6 9 Other 1 ( 2 ) ( 1 ) Total Net Other Income (Deductions) $ 21 $ 20 $ 41 Nine Months Ended September 30, 2023 NDT Fund Interest and Dividends $ — $ 50 $ 50 Allowance for Funds Used During Construction 45 — 45 Solar Loan Interest 6 — 6 Other Interest 10 22 32 Other 4 ( 5 ) ( 1 ) Total Net Other Income (Deductions) $ 65 $ 67 $ 132 (A) PSEG Power & Other consists of activity at PSEG Power, Energy Holdings, PSEG LI, Services, PSEG (parent company) and intercompany eliminations.
Public Service Electric and Gas Company [Member]
Component of Other Income (Deductions) [Line Items]
Net Other Income (Deductions)	Note 13. Net Other Income (Deductions) PSE&G PSEG Power & Other (A) Consolidated Millions Three Months Ended September 30, 2024 NDT Fund Interest and Dividends $ — $ 21 $ 21 Allowance for Funds Used During Construction 11 — 11 Solar Loan Interest 1 — 1 Other Interest 4 3 7 Other 2 ( 5 ) ( 3 ) Total Net Other Income (Deductions) $ 18 $ 19 $ 37 Nine Months Ended September 30, 2024 NDT Fund Interest and Dividends $ — 61 $ 61 Allowance for Funds Used During Construction 31 — 31 Solar Loan Interest 4 — 4 Other Interest 7 19 26 Other 8 ( 11 ) ( 3 ) Total Net Other Income (Deductions) $ 50 $ 69 $ 119 Three Months Ended September 30, 2023 NDT Fund Interest and Dividends $ — $ 16 $ 16 Allowance for Funds Used During Construction 15 — 15 Solar Loan Interest 2 — 2 Other Interest 3 6 9 Other 1 ( 2 ) ( 1 ) Total Net Other Income (Deductions) $ 21 $ 20 $ 41 Nine Months Ended September 30, 2023 NDT Fund Interest and Dividends $ — $ 50 $ 50 Allowance for Funds Used During Construction 45 — 45 Solar Loan Interest 6 — 6 Other Interest 10 22 32 Other 4 ( 5 ) ( 1 ) Total Net Other Income (Deductions) $ 65 $ 67 $ 132 (A) PSEG Power & Other consists of activity at PSEG Power, Energy Holdings, PSEG LI, Services, PSEG (parent company) and intercompany eliminations.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2024
Income Taxes [Line Items]
Income Taxes	Note 1 4. Income Taxes A reconciliation of reported income tax expense for PSEG with the amount computed by multiplying pre-tax income by the statutory federal income tax rate of 21 % is as follows: Three Months Ended Nine Months Ended PSEG September 30, September 30, 2024 2023 2024 2023 Millions Pre-Tax Income $ 559 $ 65 $ 1,625 $ 2,394 Tax Computed at Statutory Rate 21% Increase (Decrease) Attributable to: $ 117 $ 14 $ 341 $ 503 State Income Taxes (net of federal income tax) 38 ( 1 ) 112 157 NDT Fund 11 ( 3 ) 26 11 Uncertain Tax Positions 1 1 3 ( 6 ) Leasing Activities — — — ( 17 ) GPRC-CEF-EE ( 16 ) ( 13 ) ( 44 ) ( 36 ) Tax Credits ( 90 ) ( 2 ) ( 195 ) ( 7 ) Estimated Annual Effective Tax Rate Interim Period Adjustment 14 9 1 ( 7 ) TAC ( 33 ) ( 62 ) ( 100 ) ( 188 ) Other ( 3 ) ( 17 ) ( 5 ) ( 33 ) Subtotal ( 78 ) ( 88 ) ( 202 ) ( 126 ) Total Income Tax Expense (Benefit) $ 39 $ ( 74 ) $ 139 $ 377 Effective Income Tax Rate 7.0 % N/A 8.6 % 15.7 % A reconciliation of reported income tax expense for PSE&G with the amount computed by multiplying pre-tax income by the statutory federal income tax rate of 21 % is as follows: Three Months Ended Nine Months Ended PSE&G September 30, September 30, 2024 2023 2024 2023 Millions Pre-Tax Income $ 469 $ 454 $ 1,410 $ 1,365 Tax Computed at Statutory Rate 21% Increase (Decrease) Attributable to: $ 98 $ 95 $ 296 $ 287 State Income Taxes (net of federal income tax) 32 33 99 100 Uncertain Tax Positions — — — ( 5 ) Tax Credits ( 2 ) ( 2 ) ( 6 ) ( 7 ) GPRC-CEF-EE ( 16 ) ( 13 ) ( 44 ) ( 36 ) TAC ( 33 ) ( 62 ) ( 100 ) ( 188 ) Bad Debt Flow-Through ( 3 ) ( 2 ) ( 9 ) ( 9 ) Other 14 4 5 ( 1 ) Subtotal ( 8 ) ( 42 ) ( 55 ) ( 146 ) Total Income Tax Expense $ 90 $ 53 $ 241 $ 141 Effective Income Tax Rate 19.2 % 11.7 % 17.1 % 10.3 % PSEG’s and PSE&G’s total income tax expense (benefit) for interim periods is determined using an estimated annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, PSEG and PSE&G update the respective estimated annual effective tax rates, and if the estimated tax rate changes, PSEG and PSE&G make cumulative adjustments. In August 2022, the Inflation Reduction Act (IRA) was signed into law. The IRA enacted a new 15% corporate alternative minimum tax (CAMT), which is based on adjusted financial statement income, effective in 2023, and made certain changes to existing energy tax credit laws. PSEG has determined that it is not subject to the CAMT for 2023 and 2024 as it is not an applicable corporation in accordance with the statute. The U.S. Treasury issued a notice of proposed rulemaking in September 2024 that provided proposed regulations regarding the CAMT. The proposed CAMT regulations and certain relevant rules remain unclear and require further guidance. As such, the impact of the CAMT on PSEG’s and PSE&G’s financial statements is subject to continued evaluation. The IRA established a new PTC for existing qualified nuclear generation facilities, effective 2024 through 2032, a new technology neutral energy tax credit, inclusive of both new nuclear units and increases to nuclear generation capacity, effective 2025, and the transferability of energy tax credits, effective 2023. The PTC for a given nuclear facility can be multiplied by five if prevailing wage requirements are met, and the value of the PTC is designed to phase down as the facility’s gross receipts increase. Both the PTC rate and phase down amount are subject to the Internal Revenue Service’s determination of annual inflation. In 2024, PSEG recorded the benefit of the estimated PTCs generated by PSEG’s nuclear plants within Income Tax Expense in its Consolidated Statements of Operations in accordance with Accounting Standards Codification Topic 740, Income Taxes . The amounts recorded are subject to change based on several factors, including but not limited to, adjustments to estimated market prices and generation and the issuance of authoritative guidance by Treasury/the Internal Revenue Service, including clarification of the definition of “gross receipts” used to determine the phase out. Any adjustments to amounts previously recorded could be material. The enactment of additional federal or state tax legislation and clarification of previously enacted tax laws could impact PSEG’s and PSE&G’s financial statements.
Public Service Electric and Gas Company [Member]
Income Taxes [Line Items]
Income Taxes	Note 1 4. Income Taxes A reconciliation of reported income tax expense for PSEG with the amount computed by multiplying pre-tax income by the statutory federal income tax rate of 21 % is as follows: Three Months Ended Nine Months Ended PSEG September 30, September 30, 2024 2023 2024 2023 Millions Pre-Tax Income $ 559 $ 65 $ 1,625 $ 2,394 Tax Computed at Statutory Rate 21% Increase (Decrease) Attributable to: $ 117 $ 14 $ 341 $ 503 State Income Taxes (net of federal income tax) 38 ( 1 ) 112 157 NDT Fund 11 ( 3 ) 26 11 Uncertain Tax Positions 1 1 3 ( 6 ) Leasing Activities — — — ( 17 ) GPRC-CEF-EE ( 16 ) ( 13 ) ( 44 ) ( 36 ) Tax Credits ( 90 ) ( 2 ) ( 195 ) ( 7 ) Estimated Annual Effective Tax Rate Interim Period Adjustment 14 9 1 ( 7 ) TAC ( 33 ) ( 62 ) ( 100 ) ( 188 ) Other ( 3 ) ( 17 ) ( 5 ) ( 33 ) Subtotal ( 78 ) ( 88 ) ( 202 ) ( 126 ) Total Income Tax Expense (Benefit) $ 39 $ ( 74 ) $ 139 $ 377 Effective Income Tax Rate 7.0 % N/A 8.6 % 15.7 % A reconciliation of reported income tax expense for PSE&G with the amount computed by multiplying pre-tax income by the statutory federal income tax rate of 21 % is as follows: Three Months Ended Nine Months Ended PSE&G September 30, September 30, 2024 2023 2024 2023 Millions Pre-Tax Income $ 469 $ 454 $ 1,410 $ 1,365 Tax Computed at Statutory Rate 21% Increase (Decrease) Attributable to: $ 98 $ 95 $ 296 $ 287 State Income Taxes (net of federal income tax) 32 33 99 100 Uncertain Tax Positions — — — ( 5 ) Tax Credits ( 2 ) ( 2 ) ( 6 ) ( 7 ) GPRC-CEF-EE ( 16 ) ( 13 ) ( 44 ) ( 36 ) TAC ( 33 ) ( 62 ) ( 100 ) ( 188 ) Bad Debt Flow-Through ( 3 ) ( 2 ) ( 9 ) ( 9 ) Other 14 4 5 ( 1 ) Subtotal ( 8 ) ( 42 ) ( 55 ) ( 146 ) Total Income Tax Expense $ 90 $ 53 $ 241 $ 141 Effective Income Tax Rate 19.2 % 11.7 % 17.1 % 10.3 % PSEG’s and PSE&G’s total income tax expense (benefit) for interim periods is determined using an estimated annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, PSEG and PSE&G update the respective estimated annual effective tax rates, and if the estimated tax rate changes, PSEG and PSE&G make cumulative adjustments. In August 2022, the Inflation Reduction Act (IRA) was signed into law. The IRA enacted a new 15% corporate alternative minimum tax (CAMT), which is based on adjusted financial statement income, effective in 2023, and made certain changes to existing energy tax credit laws. PSEG has determined that it is not subject to the CAMT for 2023 and 2024 as it is not an applicable corporation in accordance with the statute. The U.S. Treasury issued a notice of proposed rulemaking in September 2024 that provided proposed regulations regarding the CAMT. The proposed CAMT regulations and certain relevant rules remain unclear and require further guidance. As such, the impact of the CAMT on PSEG’s and PSE&G’s financial statements is subject to continued evaluation. The IRA established a new PTC for existing qualified nuclear generation facilities, effective 2024 through 2032, a new technology neutral energy tax credit, inclusive of both new nuclear units and increases to nuclear generation capacity, effective 2025, and the transferability of energy tax credits, effective 2023. The PTC for a given nuclear facility can be multiplied by five if prevailing wage requirements are met, and the value of the PTC is designed to phase down as the facility’s gross receipts increase. Both the PTC rate and phase down amount are subject to the Internal Revenue Service’s determination of annual inflation. In 2024, PSEG recorded the benefit of the estimated PTCs generated by PSEG’s nuclear plants within Income Tax Expense in its Consolidated Statements of Operations in accordance with Accounting Standards Codification Topic 740, Income Taxes . The amounts recorded are subject to change based on several factors, including but not limited to, adjustments to estimated market prices and generation and the issuance of authoritative guidance by Treasury/the Internal Revenue Service, including clarification of the definition of “gross receipts” used to determine the phase out. Any adjustments to amounts previously recorded could be material. The enactment of additional federal or state tax legislation and clarification of previously enacted tax laws could impact PSEG’s and PSE&G’s financial statements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss), Net of Tax	9 Months Ended
Accumulated Other Comprehensive Income (Loss), Net of Tax	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax	Note 1 5. Accumulated Other Comprehensive Income (Loss), Net of Tax Three Months Ended September 30, 2024 Accumulated Other Comprehensive Income (Loss) Cash Flow Hedges Pension and OPEB Plans Available-for-Sale Securities Total Millions Balance as of June 30, 2024 $ 20 $ ( 98 ) $ ( 95 ) $ ( 173 ) Other Comprehensive Income (Loss) before Reclassifications ( 5 ) — 37 32 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 3 ) 2 — ( 1 ) Net Current Period Other Comprehensive Income (Loss) ( 8 ) 2 37 31 Balance as of September 30, 2024 $ 12 $ ( 96 ) $ ( 58 ) $ ( 142 ) Three Months Ended September 30, 2023 Accumulated Other Comprehensive Income (Loss) Cash Flow Hedges Pension and OPEB Plans Available-for-Sale Securities Total Millions Balance as of June 30, 2023 $ 7 $ ( 419 ) $ ( 103 ) $ ( 515 ) Other Comprehensive Income (Loss) before Reclassifications 13 82 ( 36 ) 59 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 2 ) 240 5 243 Net Current Period Other Comprehensive Income (Loss) 11 322 ( 31 ) 302 Balance as of September 30, 2023 $ 18 $ ( 97 ) $ ( 134 ) $ ( 213 ) Nine Months Ended September 30, 2024 Accumulated Other Comprehensive Income (Loss) Cash Flow Hedges Pension and OPEB Plans Available-for-Sale Securities Total Millions Balance as of December 31, 2023 $ 3 $ ( 102 ) $ ( 80 ) $ ( 179 ) Other Comprehensive Income (Loss) before Reclassifications 17 — 18 35 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 8 ) 6 4 2 Net Current Period Other Comprehensive Income (Loss) $ 9 $ 6 $ 22 $ 37 Balance as of September 30, 2024 $ 12 $ ( 96 ) $ ( 58 ) $ ( 142 ) Nine Months Ended September 30, 2023 Accumulated Other Comprehensive Income (Loss) Cash Flow Hedges Pension and OPEB Plans Available-for-Sale Securities Total Millions Balance as of December 31, 2022 $ ( 3 ) $ ( 426 ) $ ( 121 ) $ ( 550 ) Other Comprehensive Income (Loss) before Reclassifications 23 82 ( 28 ) 77 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 2 ) 247 15 260 Net Current Period Other Comprehensive Income (Loss) 21 329 ( 13 ) 337 Balance as of September 30, 2023 $ 18 $ ( 97 ) $ ( 134 ) $ ( 213 ) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Statement of Operations Three Months Ended Nine Months Ended September 30, 2024 September 30, 2024 Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Location of Pre-Tax Amount In Statement of Operations Pre-Tax Amount Tax (Expense) Benefit After-Tax Amount Pre-Tax Amount Tax (Expense) Benefit After-Tax Amount Millions Cash Flow Hedges Interest Rate Derivatives Interest Expense $ 4 $ ( 1 ) $ 3 $ 11 $ ( 3 ) $ 8 Total Cash Flow Hedges 4 ( 1 ) 3 11 ( 3 ) 8 Pension and OPEB Plans Amortization of Prior Service (Cost) Credit Net Non-Operating Pension and OPEB Credits (Costs) ( 1 ) — ( 1 ) ( 1 ) — ( 1 ) Amortization of Net Actuarial Loss Net Non-Operating Pension and OPEB Credits (Costs) ( 2 ) 1 ( 1 ) ( 7 ) 2 ( 5 ) Total Pension and OPEB Plans ( 3 ) 1 ( 2 ) ( 8 ) 2 ( 6 ) Available-for-Sale Debt Securities Realized Gains (Losses) Net Gains (Losses) on Trust Investments — — — ( 6 ) 2 ( 4 ) Total Available-for-Sale Debt Securities — — — ( 6 ) 2 ( 4 ) Total $ 1 $ — $ 1 $ ( 3 ) $ 1 $ ( 2 ) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Statement of Operations Three Months Ended Nine Months Ended September 30, 2023 September 30, 2023 Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Location of Pre-Tax Amount In Statement of Operations Pre-Tax Amount Tax (Expense) Benefit After-Tax Amount Pre-Tax Amount Tax (Expense) Benefit After-Tax Amount Millions Cash Flow Hedges Interest Rate Derivatives Interest Expense $ 3 $ ( 1 ) $ 2 $ 3 $ ( 1 ) $ 2 Total Cash Flow Hedges 3 ( 1 ) 2 3 ( 1 ) 2 Pension and OPEB Plans Amortization of Prior Service (Cost) Credit Net Non-Operating Pension and OPEB Credits (Costs) 2 ( 1 ) 1 6 ( 2 ) 4 Amortization of Net Actuarial Loss Net Non-Operating Pension and OPEB Credits (Costs) ( 3 ) 1 ( 2 ) ( 17 ) 5 ( 12 ) Pension Settlement Charge Net Non-Operating Pension and OPEB Credits (Costs) ( 332 ) 93 ( 239 ) ( 332 ) 93 ( 239 ) Total Pension and OPEB Plans ( 333 ) 93 ( 240 ) ( 343 ) 96 ( 247 ) Available-for-Sale Debt Securities Realized Gains (Losses) Net Gains (Losses) on Trust Investments ( 8 ) 3 ( 5 ) ( 25 ) 10 ( 15 ) Total Available-for-Sale Debt Securities ( 8 ) 3 ( 5 ) ( 25 ) 10 ( 15 ) Total $ ( 338 ) $ 95 $ ( 243 ) $ ( 365 ) $ 105 $ ( 260 )

Earnings Per Share (EPS) and Di

Earnings Per Share (EPS) and Dividends	9 Months Ended
Earnings Per Share (EPS) and Dividends	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share (EPS) and Dividends	Note 16 . Earnings Per Share (EPS) and Dividends EPS Basic EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding. Diluted EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding, plus dilutive potential shares related to PSEG’s stock based compensation. The following table shows the effect of these dilutive potential shares on the weighted average number of shares outstanding used in calculating diluted EPS: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Basic Diluted Basic Diluted Basic Diluted Basic Diluted EPS Numerator (Millions): Net Income $ 520 $ 520 $ 139 $ 139 $ 1,486 $ 1,486 $ 2,017 $ 2,017 EPS Denominator (Millions): Weighted Average Common Shares Outstanding 498 498 498 498 498 498 497 497 Effect of Stock Based Compensation Awards — 2 — 2 — 2 — 3 Total Shares 498 500 498 500 498 500 497 500 EPS Net Income $ 1.04 $ 1.04 $ 0.28 $ 0.27 $ 2.98 $ 2.97 $ 4.06 $ 4.03 Dividends Three Months Ended Nine Months Ended September 30, September 30, Dividend Payments on Common Stock 2024 2023 2024 2023 Per Share $ 0.60 $ 0.57 $ 1.80 $ 1.71 In Millions $ 299 $ 284 $ 897 $ 853

Financial Information By Busine

Financial Information By Business Segments	9 Months Ended
Financial Information By Business Segments	Sep. 30, 2024
Segment Reporting Information [Line Items]
Financial Information By Business Segments	Note 17. Fina ncial Information by Business Segment PSE&G PSE&G earns revenues from its tariffs, under which it provides electric transmission and electric and gas distribution services to residential, commercial and industrial customers in New Jersey. The rates charged for electric transmission are regulated by FERC while the rates charged for electric and gas distribution are regulated by the BPU. Revenues are also earned from several other activities such as investments in EE equipment on customers’ premises, solar investments, the appliance service business and other miscellaneous services. PSEG Power & Other This reportable segment is comprised primarily of PSEG Power which earns revenues primarily by bidding energy, capacity and ancillary services into the markets for these products. PSEG Power also enters into bilateral contracts for energy, gas and other energy-related contracts to optimize the value of its portfolio of generating assets and gas supply obligations. In addition, PSEG Power’s Salem 1, Salem 2 and Hope Creek nuclear plants generate PTCs beginning in 2024 and receive ZEC revenue from the EDCs in New Jersey, including PSE&G. This reportable segment also includes amounts applicable to PSEG LI, which generates revenues under its contract with LIPA, primarily for the recovery of costs when Servco is a principal in the transaction (see Note 3. Variable Interest Entity for additional information) as well as fixed and variable fee components under the contract, and Energy Holdings which holds an immaterial portfolio of remaining lease investments. Other also includes amounts applicable to PSEG (parent company) and Services. PSE&G PSEG Power & Other Eliminations (A) Consolidated Total Millions Three Months Ended September 30, 2024 Operating Revenues $ 2,139 $ 583 $ ( 80 ) $ 2,642 Net Income (B) 379 141 — 520 Gross Additions to Long-Lived Assets 672 96 — 768 Nine Months Ended September 30, 2024 Operating Revenues $ 6,335 $ 2,140 $ ( 650 ) $ 7,825 Net Income (B) 1,169 317 — 1,486 Gross Additions to Long-Lived Assets 2,157 245 — 2,402 Three Months Ended September 30, 2023 Operating Revenues $ 1,999 $ 546 $ ( 89 ) $ 2,456 Net Income (B) 401 ( 262 ) — 139 Gross Additions to Long-Lived Assets 813 103 — 916 Nine Months Ended September 30, 2023 Operating Revenues $ 5,954 $ 3,475 $ ( 797 ) $ 8,632 Net Income (B) 1,224 793 — 2,017 Gross Additions to Long-Lived Assets 2,149 211 — 2,360 As of September 30, 2024 Total Assets $ 45,784 $ 8,550 $ ( 254 ) $ 54,080 Investments in Equity Method Subsidiaries $ — $ 22 $ — $ 22 As of December 31, 2023 Total Assets $ 42,873 $ 8,407 $ ( 539 ) $ 50,741 Investments in Equity Method Subsidiaries $ — $ 17 $ — $ 17 (A) Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 18. Related-Party Transactions. (B) Includes net after-tax gains (losses) of $ 17 million and $( 17 ) million for the three months and $( 55 ) million and $ 750 million for the nine months ended September 30, 2024 and 2023 , respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates. Also includes a $ 239 million after-tax pension charge due to the remeasurement of the qualified pension plans as a result of the pension settlement transaction for the three and nine months ended September 30, 2023. See Note 8. Pension and Other Postretirement Benefits (OPEB).
Public Service Electric and Gas Company [Member]
Segment Reporting Information [Line Items]
Financial Information By Business Segments	Note 17. Fina ncial Information by Business Segment PSE&G PSE&G earns revenues from its tariffs, under which it provides electric transmission and electric and gas distribution services to residential, commercial and industrial customers in New Jersey. The rates charged for electric transmission are regulated by FERC while the rates charged for electric and gas distribution are regulated by the BPU. Revenues are also earned from several other activities such as investments in EE equipment on customers’ premises, solar investments, the appliance service business and other miscellaneous services. PSEG Power & Other This reportable segment is comprised primarily of PSEG Power which earns revenues primarily by bidding energy, capacity and ancillary services into the markets for these products. PSEG Power also enters into bilateral contracts for energy, gas and other energy-related contracts to optimize the value of its portfolio of generating assets and gas supply obligations. In addition, PSEG Power’s Salem 1, Salem 2 and Hope Creek nuclear plants generate PTCs beginning in 2024 and receive ZEC revenue from the EDCs in New Jersey, including PSE&G. This reportable segment also includes amounts applicable to PSEG LI, which generates revenues under its contract with LIPA, primarily for the recovery of costs when Servco is a principal in the transaction (see Note 3. Variable Interest Entity for additional information) as well as fixed and variable fee components under the contract, and Energy Holdings which holds an immaterial portfolio of remaining lease investments. Other also includes amounts applicable to PSEG (parent company) and Services. PSE&G PSEG Power & Other Eliminations (A) Consolidated Total Millions Three Months Ended September 30, 2024 Operating Revenues $ 2,139 $ 583 $ ( 80 ) $ 2,642 Net Income (B) 379 141 — 520 Gross Additions to Long-Lived Assets 672 96 — 768 Nine Months Ended September 30, 2024 Operating Revenues $ 6,335 $ 2,140 $ ( 650 ) $ 7,825 Net Income (B) 1,169 317 — 1,486 Gross Additions to Long-Lived Assets 2,157 245 — 2,402 Three Months Ended September 30, 2023 Operating Revenues $ 1,999 $ 546 $ ( 89 ) $ 2,456 Net Income (B) 401 ( 262 ) — 139 Gross Additions to Long-Lived Assets 813 103 — 916 Nine Months Ended September 30, 2023 Operating Revenues $ 5,954 $ 3,475 $ ( 797 ) $ 8,632 Net Income (B) 1,224 793 — 2,017 Gross Additions to Long-Lived Assets 2,149 211 — 2,360 As of September 30, 2024 Total Assets $ 45,784 $ 8,550 $ ( 254 ) $ 54,080 Investments in Equity Method Subsidiaries $ — $ 22 $ — $ 22 As of December 31, 2023 Total Assets $ 42,873 $ 8,407 $ ( 539 ) $ 50,741 Investments in Equity Method Subsidiaries $ — $ 17 $ — $ 17 (A) Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 18. Related-Party Transactions. (B) Includes net after-tax gains (losses) of $ 17 million and $( 17 ) million for the three months and $( 55 ) million and $ 750 million for the nine months ended September 30, 2024 and 2023 , respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates. Also includes a $ 239 million after-tax pension charge due to the remeasurement of the qualified pension plans as a result of the pension settlement transaction for the three and nine months ended September 30, 2023. See Note 8. Pension and Other Postretirement Benefits (OPEB).

Related-Party Transactions

Related-Party Transactions	9 Months Ended
Related-Party Transactions	Sep. 30, 2024
Related Party Transaction [Line Items]
Related-Party Transactions	Note 18. Related-Party Transactions The following discussion relates to intercompany transactions, which are eliminated during the PSEG consolidation process in accordance with GAAP. PSE&G The financial statements for PSE&G include transactions with related parties presented as follows: Three Months Ended Nine Months Ended September 30, September 30, Related-Party Transactions 2024 2023 2024 2023 Millions Billings from Affiliates: Net Billings from PSEG Power (A) $ 78 $ 86 $ 645 $ 761 Administrative Billings from Services (B) 122 93 375 313 Total Billings from Affiliates $ 200 $ 179 $ 1,020 $ 1,074 As of As of Related-Party Transactions September 30, 2024 December 31, 2023 Millions Payable to PSEG Power (A) $ 76 $ 264 Payable to Services (B) 94 121 Payable to PSEG (C) 51 119 Accounts Payable—Affiliated Companies $ 221 $ 504 Working Capital Advances to Services (D) $ 33 $ 33 Long-Term Accrued Taxes Receivable (Payable) $ — $ ( 2 ) (A) PSE&G has entered into a requirements contract with PSEG Power under which PSEG Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. In addition, PSEG Power sells ZECs to PSE&G from its nuclear units under the ZEC program as approved by the BPU. The rates in the BGSS contract and for the ZEC sales are prescribed by the BPU. BGSS sales are billed and settled on a monthly basis. ZEC sales are billed on a monthly basis and settled annually following completion of each energy year. In addition, PSEG Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules. (B) Services provides and bills administrative services to PSE&G at cost. In addition, PSE&G has other payables to Services, including amounts related to certain common costs, which Services pays on behalf of PSE&G. (C) PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a separate return basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are NOLs and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits. In addition, PSEG pays net wages and payroll taxes and receives reimbursement from its affiliated companies for their respective portions. (D) PSE&G has advanced working capital to Services. The amount is included in Other Noncurrent Assets on PSE&G’s Condensed Consolidated Balance Sheets.
Public Service Electric and Gas Company [Member]
Related Party Transaction [Line Items]
Related-Party Transactions	Note 18. Related-Party Transactions The following discussion relates to intercompany transactions, which are eliminated during the PSEG consolidation process in accordance with GAAP. PSE&G The financial statements for PSE&G include transactions with related parties presented as follows: Three Months Ended Nine Months Ended September 30, September 30, Related-Party Transactions 2024 2023 2024 2023 Millions Billings from Affiliates: Net Billings from PSEG Power (A) $ 78 $ 86 $ 645 $ 761 Administrative Billings from Services (B) 122 93 375 313 Total Billings from Affiliates $ 200 $ 179 $ 1,020 $ 1,074 As of As of Related-Party Transactions September 30, 2024 December 31, 2023 Millions Payable to PSEG Power (A) $ 76 $ 264 Payable to Services (B) 94 121 Payable to PSEG (C) 51 119 Accounts Payable—Affiliated Companies $ 221 $ 504 Working Capital Advances to Services (D) $ 33 $ 33 Long-Term Accrued Taxes Receivable (Payable) $ — $ ( 2 ) (A) PSE&G has entered into a requirements contract with PSEG Power under which PSEG Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. In addition, PSEG Power sells ZECs to PSE&G from its nuclear units under the ZEC program as approved by the BPU. The rates in the BGSS contract and for the ZEC sales are prescribed by the BPU. BGSS sales are billed and settled on a monthly basis. ZEC sales are billed on a monthly basis and settled annually following completion of each energy year. In addition, PSEG Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules. (B) Services provides and bills administrative services to PSE&G at cost. In addition, PSE&G has other payables to Services, including amounts related to certain common costs, which Services pays on behalf of PSE&G. (C) PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a separate return basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are NOLs and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits. In addition, PSEG pays net wages and payroll taxes and receives reimbursement from its affiliated companies for their respective portions. (D) PSE&G has advanced working capital to Services. The amount is included in Other Noncurrent Assets on PSE&G’s Condensed Consolidated Balance Sheets.

Organization, Basis of Presen_2

Organization, Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Basis of Presentation	Basis of Presentation The respective financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) applicable to Quarterly Reports on Form 10-Q. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting guidance generally accepted in the United States (GAAP) have been condensed or omitted pursuant to such rules and regulations. These Condensed Consolidated Financial Statements and Notes to Condensed Consolidated Financial Statements (Notes) should be read in conjunction with, and update and supplement matters discussed in, the Annual Report on Form 10-K for the year ended December 31, 2023. The unaudited condensed consolidated financial information furnished herein reflects all adjustments which are, in the opinion of management, necessary to fairly state the results for the interim periods presented. All such adjustments are of a normal recurring nature. All significant intercompany accounts and transactions are eliminated in consolidation. The year-end Condensed Consolidated Balance Sheets were derived from the audited Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2023 . Certain line item reclassifications have been made to prior year financial statements to conform with current year presentation. These reclassifications had no impact on PSEG’s or PSE&G’s results of operations, financial condition or cash flows.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The following provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets that sum to the total of the same such amounts for the beginning (December 31, 2023) and ending periods shown in the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 . Restricted cash consists primarily of deposits received related to various construction projects at PSE&G. PSE&G PSEG Power Consolidated Millions As of December 31, 2023 Cash and Cash Equivalents $ 30 $ 24 $ 54 Restricted Cash in Other Current Assets 23 — 23 Restricted Cash in Other Noncurrent Assets 22 — 22 Cash, Cash Equivalents and Restricted Cash $ 75 $ 24 $ 99 As of September 30, 2024 Cash and Cash Equivalents $ 185 $ 18 $ 203 Restricted Cash in Other Current Assets 3 — 3 Restricted Cash in Other Noncurrent Assets 22 — 22 Cash, Cash Equivalents and Restricted Cash $ 210 $ 18 $ 228 (A) Includes amounts applicable to PSEG Power, Energy Holdings, Services and PSEG (parent company).

Revenues (Policies)

Revenues (Policies)	9 Months Ended
Revenues (Policies)	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues From Contracts With Customers	PSE&G Revenues from Contracts with Customers Electric and Gas Distribution and Transmission Revenues —PSE&G sells gas and electricity to customers under default commodity supply tariffs. PSE&G’s regulated electric and gas default commodity supply and distribution services are separate tariffs which are satisfied as the product(s) and/or service(s) are delivered to the customer. The electric and gas commodity and delivery tariffs are recurring contracts in effect until modified through the regulatory approval process as appropriate. Revenue is recognized over time as the service is rendered to the customer. Included in PSE&G’s regulated revenues are unbilled electric and gas revenues which represent the estimated amount customers will be billed for services rendered from the most recent meter reading to the end of the respective accounting period. PSE&G’s transmission revenues are earned under a separate tariff using a FERC-approved annual formula rate mechanism. The performance obligation of transmission service is satisfied and revenue is recognized as it is provided to the customer. The formula rate mechanism provides for an annual filing of an estimated revenue requirement with rates effective January 1 of each year and a true-up to that estimate based on actual revenue requirements. The true-up mechanism is an alternative revenue which is outside the scope of revenue from contracts with customers. Other Revenues from Contracts with Customers Other revenues from contracts with customers, which are not a material source of PSE&G revenues, are generated primarily from appliance repair services and solar generation projects. The performance obligations under these contracts are satisfied and revenue is recognized as control of products is delivered or services are rendered. Revenues Unrelated to Contracts with Customers Other PSE&G revenues unrelated to contracts with customers are derived from alternative revenue mechanisms recorded pursuant to regulatory accounting guidance. These revenues, which include the Conservation Incentive Program (CIP), green energy program true-ups and transmission formula rate true-ups, are not a material source of PSE&G revenues. PSEG Power & Other Revenues from Contracts with Customers Electricity and Related Products —PSEG Power owns generation solely within PJM Interconnection, L.L.C. (PJM), which facilitates the dispatch of energy and energy-related products. PSEG Power primarily sells to the PJM Independent System Operator (ISO) energy and ancillary services which are separately transacted in the day-ahead or real-time energy markets. The energy and ancillary services performance obligations are typically satisfied over time as delivered and revenue is recognized accordingly. Also, revenue for wholesale load contracts is recognized over time as the bundled service is provided to the customer. PSEG generally reports electricity sales and purchases conducted with PJM net on an hourly basis in either Operating Revenues or Energy Costs in its Condensed Consolidated Statements of Operations. The classification depends on the net hourly activity. PSEG Power enters into capacity sales and capacity purchases through PJM. The transactions are reported on a net basis dependent on PSEG Power’s monthly net sale or purchase position through PJM. The performance obligations with PJM are satisfied over time upon delivery of the capacity and revenue is recognized accordingly. In addition to capacity sold through PJM, PSEG Power sells capacity through bilateral contracts and the related revenue is reported on a gross basis and recognized over time upon delivery of the capacity. PSEG Power’s Salem 1, Salem 2 and Hope Creek nuclear plants have been awarded zero emission certificates (ZECs) by the BPU through May 2025. These nuclear plants are expected to receive ZEC revenue from the electric distribution companies (EDCs) in New Jersey. PSEG Power recognizes revenue when the units generate electricity, which is when the performance obligation is satisfied. These revenues are considered variable consideration within the scope of revenue from contracts with customers and are included in PJM Sales in the following tables. ZEC revenue recorded has been reduced by the estimated production tax credits (PTCs) generated from PSEG Power’s Salem 1, Salem 2, and Hope Creek nuclear plants through the nine months ended September 30, 2024. ZEC revenue will be adjusted based upon the actual value of the PTCs generated by these nuclear plants and that adjustment could be material. See Note 14. Income Taxes for further discussion on the factors that could result in an adjustment to the value of the PTCs. Gas Contracts— PSEG Power sells wholesale natural gas, primarily through an index based full-requirements Basic Gas Supply Service (BGSS) contract with PSE&G to meet the gas supply requirements of PSE&G’s customers. The BGSS contract remains in effect unless terminated by either party with a two-year notice. Based upon the availability of natural gas, storage and pipeline capacity beyond PSE&G’s daily needs, PSEG Power also sells gas and pipeline capacity to other counterparties under bilateral contracts. The performance obligation is primarily the delivery of gas which is satisfied over time. Revenue is recognized as gas is delivered or pipeline capacity is released. PSEG LI Contract —PSEG LI has a contract with LIPA which generates revenues. PSEG LI’s subsidiary, Long Island Electric Utility Servco, LLC (Servco) records costs which are recovered from LIPA and records the recovery of those costs as revenues when Servco is a principal in the transaction. Other Revenues from Contracts with Customers PSEG Power has entered into long-term contracts with LIPA for energy management and fuel procurement services. Revenue is recognized over time as services are rendered. Revenues Unrelated to Contracts with Customers PSEG Power’s revenues unrelated to contracts with customers include electric, gas and certain energy-related transactions accounted for in accordance with Derivatives and Hedging accounting guidance. See Note 11. Financial Risk Management Activities for further discussion. Energy Holdings generates lease revenues which are recorded pursuant to lease accounting guidance.

Income Taxes (Policies)

Income Taxes (Policies)	9 Months Ended
Income Taxes (Policies)	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax, Policy	In 2024, PSEG recorded the benefit of the estimated PTCs generated by PSEG’s nuclear plants within Income Tax Expense in its Consolidated Statements of Operations in accordance with Accounting Standards Codification Topic 740, Income Taxes .

Organization, Basis of Presen_3

Organization, Basis of Presentation and Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash, Cash Equivalents and Restricted Cash	Restricted cash consists primarily of deposits received related to various construction projects at PSE&G. PSE&G PSEG Power Consolidated Millions As of December 31, 2023 Cash and Cash Equivalents $ 30 $ 24 $ 54 Restricted Cash in Other Current Assets 23 — 23 Restricted Cash in Other Noncurrent Assets 22 — 22 Cash, Cash Equivalents and Restricted Cash $ 75 $ 24 $ 99 As of September 30, 2024 Cash and Cash Equivalents $ 185 $ 18 $ 203 Restricted Cash in Other Current Assets 3 — 3 Restricted Cash in Other Noncurrent Assets 22 — 22 Cash, Cash Equivalents and Restricted Cash $ 210 $ 18 $ 228 (A) Includes amounts applicable to PSEG Power, Energy Holdings, Services and PSEG (parent company).

Revenues (Tables)

Revenues (Tables)	9 Months Ended
Revenues (Tables)	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenues	Disaggregation of Revenues PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Three Months Ended September 30, 2024 Revenues from Contracts with Customers Electric Distribution $ 1,406 $ — $ — $ 1,406 Gas Distribution 162 — — 162 Transmission 441 — — 441 Electricity and Related Product Sales PJM Third-Party Sales — 206 — 206 Sales to Affiliates — 31 ( 31 ) — ISO-New England (NE) — — — — Gas Sales Third-Party Sales — 45 — 45 Sales to Affiliates — 48 ( 48 ) — Other Revenues from Contracts with Customers (B) 87 181 ( 1 ) 267 Total Revenues from Contracts with Customers 2,096 511 ( 80 ) 2,527 Revenues Unrelated to Contracts with Customers (C) 43 72 — 115 Total Operating Revenues $ 2,139 $ 583 $ ( 80 ) $ 2,642 PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Nine Months Ended September 30, 2024 Revenues from Contracts with Customers Electric Distribution $ 3,170 $ — $ — $ 3,170 Gas Distribution 1,385 — — 1,385 Transmission 1,313 — — 1,313 Electricity and Related Product Sales PJM Third-Party Sales — 600 — 600 Sales to Affiliates — 87 ( 87 ) — ISO-NE — 5 — 5 Gas Sales Third-Party Sales — 155 — 155 Sales to Affiliates — 559 ( 559 ) — Other Revenues from Contracts with Customers (B) 263 524 ( 4 ) 783 Total Revenues from Contracts with Customers 6,131 1,930 ( 650 ) 7,411 Revenues Unrelated to Contracts with Customers (C) 204 210 — 414 Total Operating Revenues $ 6,335 $ 2,140 $ ( 650 ) $ 7,825 PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Three Months Ended September 30, 2023 Revenues from Contracts with Customers Electric Distribution $ 1,281 $ — $ — $ 1,281 Gas Distribution 147 — — 147 Transmission 422 — — 422 Electricity and Related Product Sales PJM Third-Party Sales — 216 — 216 Sales to Affiliates — 32 ( 32 ) — ISO-NE — 3 — 3 Gas Sales Third-Party Sales — 44 — 44 Sales to Affiliates — 55 ( 55 ) — Other Revenues from Contracts with Customers (B) 90 163 ( 2 ) 251 Total Revenues from Contracts with Customers 1,940 513 ( 89 ) 2,364 Revenues Unrelated to Contracts with Customers (C) 59 33 — 92 Total Operating Revenues $ 1,999 $ 546 $ ( 89 ) $ 2,456 PSE&G PSEG Power & Other (A) Eliminations Consolidated Millions Nine Months Ended September 30, 2023 Revenues from Contracts with Customers Electric Distribution $ 2,795 $ — $ — $ 2,795 Gas Distribution 1,380 — — 1,380 Transmission 1,251 — — 1,251 Electricity and Related Product Sales PJM Third-Party Sales — 703 — 703 Sales to Affiliates — 90 ( 90 ) — ISO-NE — 9 — 9 Gas Sales Third-Party Sales — 156 — 156 Sales to Affiliates — 703 ( 703 ) — Other Revenues from Contracts with Customers (B) 262 469 ( 4 ) 727 Total Revenues from Contracts with Customers 5,688 2,130 ( 797 ) 7,021 Revenues Unrelated to Contracts with Customers (C) 266 1,345 — 1,611 Total Operating Revenues $ 5,954 $ 3,475 $ ( 797 ) $ 8,632 (A) Includes revenues applicable to PSEG Power, PSEG LI and Energy Holdings. (B) Includes primarily revenues from appliance repair services and the sale of solar renewable energy credits (SRECs) at auction at PSE&G. PSEG Power & Other includes PSEG LI’s OSA with LIPA and PSEG Power’s energy management fee with LIPA. (C) Includes primarily alternative revenues at PSE&G principally from the CIP program and derivative contracts and lease contracts at PSEG Power & Other.
Reconciliation of Allowance for Credit Losses	The following provides a reconciliation of PSE&G’s allowance for credit losses for the three months and nine months ended September 30, 2024 and 2023: 2024 2023 Millions Balance as of June 30 $ 253 $ 294 Utility Customer and Other Accounts Provision 20 38 Write-offs, net of Recoveries of $ 10 million and $ 7 million in 2024 and 2023, respectively ( 35 ) ( 49 ) Balance as of September 30 $ 238 $ 283 2024 2023 Millions Balance as of Beginning of Year $ 283 $ 339 Utility Customer and Other Accounts Provision 65 62 Write-offs, net of Recoveries of $ 24 million and $ 20 million in 2024 and 2023, respectively ( 110 ) ( 118 ) Balance as of End of Period $ 238 $ 283
Revenue, Capacity Auction Obligations	Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions —The Base Residual Auction is generally conducted annually three years in advance of the operating period. However, changes to capacity market rules have resulted in auction suspensions and delays so that recent auctions have been run closer in time to their operating periods. In February 2023, the results of the 2024/2025 auction were released and in July 2024 the results of the 2025/2026 auction were released. PSEG Power expects to realize the following average capacity prices resulting from the base and incremental auctions, including unit specific bilateral contracts for previously cleared capacity obligations. Delivery Year $ per Megawatt (MW)-Day MW Cleared June 2024 to May 2025 $ 61 3,700 June 2025 to May 2026 $ 270 3,500

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2024
Leases [Abstract]
Operating Lease, Lease Income	The following is the operating lease income for the three months and nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Millions Fixed Lease Income $ 3 $ 7 $ 10 $ 19 Total Operating Lease Income $ 3 $ 7 $ 10 $ 19

Financing Receivables (Tables)

Financing Receivables (Tables)	9 Months Ended
Financing Receivables (Tables)	Sep. 30, 2024
Public Service Electric and Gas Company [Member]
Schedule of Financial Receivables [Line Items]
Schedule of Credit Risk Profile Based on Payment Activity	As of Outstanding Loans by Class of Customers September 30, December 31, Millions Commercial/Industrial $ 42 $ 60 Residential 2 3 Total 44 63 Current Portion (included in Accounts Receivable) ( 18 ) ( 23 ) Noncurrent Portion (included in Long-Term Investments) $ 26 $ 40 The solar loans originated under three Solar Loan Programs are comprised as follows: Programs Balance as of September 30, 2024 Funding Provided Residential Loan Term Non-Residential Millions Solar Loan I $ 1 prior to 2013 10 years 15 years Solar Loan II 22 prior to 2015 10 years 15 years Solar Loan III 21 prior to 2022 10 years 10 years Total $ 44 The average life of loans paid in full is eight years , which is lower than the loan terms of 10 to 15 years due to the generation of SRECs being greater than expected and/or cash payments made to the loan. Payments on all outstanding loans were current as of September 30, 2024 and have an average remaining life of approximately two years . There are no remaining residential loans outstanding under the Solar Loan I program.
Energy Holdings [Member]
Schedule of Financial Receivables [Line Items]
Schedule of Gross and Net Lease Investment	The following table shows Energy Holdings’ gross and net lease investments as of September 30, 2024 and December 31, 2023. As of September 30, December 31, Millions Lease Receivables (net of Non-Recourse Debt) $ 200 $ 223 Unearned and Deferred Income ( 53 ) ( 62 ) Gross Investments in Leases 147 161 Deferred Tax Liabilities ( 33 ) ( 36 ) Net Investments in Leases $ 114 $ 125
Schedule of Lease Receivables, Net of Nonrecourse Debt, Associated With Leveraged Lease Portfolio Based on Counterparty Credit Rating	The corresponding receivables associated with the lease portfolio are reflected as follows, net of non-recourse debt. The ratings in the table represent the ratings of the entities providing payment assurance to Energy Holdings. Lease Receivables, Net of Counterparties' Standard & Poor's (S&P) Credit Rating as of September 30, 2024 As of September 30, 2024 Millions AA $ 7 A- 39 BBB+ 154 Total $ 200

Trust Investments (Tables)

Trust Investments (Tables)	9 Months Ended
Trust Investments (Tables)	Sep. 30, 2024
Schedule of Trust Investments [Line Items]
Amortized Costs Basis, Gross Unrealized Gains And Fair Value Losses For The Securities Held In The NDT Fund	The following tables show the amortized costs basis, gross unrealized gains and losses and fair values for the securities held in the NDT Fund. As of September 30, 2024 Cost Gross Gross Fair Millions Equity Securities Domestic $ 506 $ 407 $ ( 2 ) $ 911 International 418 137 ( 11 ) 544 Total Equity Securities 924 544 ( 13 ) 1,455 Available-for-Sale Debt Securities Government 822 9 ( 61 ) 770 Corporate 558 9 ( 25 ) 542 Total Available-for-Sale Debt Securities 1,380 18 ( 86 ) 1,312 Total NDT Fund Investments (A) $ 2,304 $ 562 $ ( 99 ) $ 2,767 (A) The NDT Fund Investments table excludes cash and foreign currency of $ 32 million as of September 30, 2024 , which is part of the NDT Fund. As of December 31, 2023 Cost Gross Gross Fair Millions Equity Securities Domestic $ 482 $ 300 $ ( 2 ) $ 780 International 423 118 ( 11 ) 530 Total Equity Securities 905 418 ( 13 ) 1,310 Available-for-Sale Debt Securities Government 759 4 ( 72 ) 691 Corporate 555 6 ( 39 ) 522 Total Available-for-Sale Debt Securities 1,314 10 ( 111 ) 1,213 Total NDT Fund Investments (A) $ 2,219 $ 428 $ ( 124 ) $ 2,523 (A) The NDT Fund Investments table excludes cash and foreign currency of $ 1 million as of December 31, 2023 , which is part of the NDT Fund.
Schedule Of Accounts Receivable And Accounts Payable in the NDT Funds	The amounts in the preceding tables do not include receivables and payables for NDT Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table. As of As of September 30, December 31, Millions Accounts Receivable $ 21 $ 19 Accounts Payable $ 14 $ 6
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months	The following table shows the value of securities in the NDT Fund that have been in an unrealized loss position for less than and greater than 12 months. As of September 30, 2024 As of December 31, 2023 Less Than 12 Greater Than 12 Less Than 12 Greater Than 12 Fair Gross Fair Gross Fair Gross Fair Gross Millions Equity Securities (A) Domestic $ 16 $ ( 1 ) $ 4 $ ( 1 ) $ 44 $ ( 1 ) $ 4 $ — International 57 ( 6 ) 16 ( 5 ) 35 ( 4 ) 28 ( 8 ) Total Equity Securities 73 ( 7 ) 20 ( 6 ) 79 ( 5 ) 32 ( 8 ) Available-for-Sale Debt Securities Government (B) 33 — 409 ( 61 ) 90 ( 1 ) 432 ( 71 ) Corporate (C) 11 — 255 ( 25 ) 19 — 329 ( 39 ) Total Available-for-Sale Debt Securities 44 — 664 ( 86 ) 109 ( 1 ) 761 ( 110 ) NDT Trust Investments $ 117 $ ( 7 ) $ 684 $ ( 92 ) $ 188 $ ( 6 ) $ 793 $ ( 118 ) (A) Equity Securities—Investments in marketable equity securities within the NDT Fund are primarily in common stocks within a broad range of industries and sectors. Unrealized gains and losses on these securities are recorded in Net Income. (B) Debt Securities (Government)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). The unrealized losses on PSEG Power’s NDT investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. PSEG Power also has investments in municipal bonds. It is not expected that these securities will settle for less than their amortized cost. PSEG Power does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG Power did not recognize credit losses for U.S. Treasury obligations and Federal Agency mortgage-backed securities because these investments are guaranteed by the U.S. government or an agency of the U.S. government. PSEG Power did not recognize credit losses for municipal bonds because they are primarily investment grade securities. (C) Debt Securities (Corporate)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). Unrealized losses were due to market declines. It is not expected that these securities would settle for less than their amortized cost. PSEG Power does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG Power did not recognize credit losses for corporate bonds because they are primarily investment grade securities.
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds And Rabbi Trusts	The proceeds from the sales of and the net gains (losses) on securities in the NDT Fund were: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Millions Proceeds from NDT Fund Sales (A) $ 432 $ 268 $ 1,231 $ 972 Net Realized Gains (Losses) on NDT Fund Gross Realized Gains $ 30 $ 19 $ 107 $ 65 Gross Realized Losses ( 12 ) ( 16 ) ( 43 ) ( 71 ) Net Realized Gains (Losses) on NDT Fund (B) 18 3 64 ( 6 ) Net Unrealized Gains (Losses) on Equity Securities 70 ( 42 ) 125 69 Net Gains (Losses) on NDT Fund Investments $ 88 $ ( 39 ) $ 189 $ 63 (A) Includes activity in accounts related to the liquidation of funds being transitioned within the trust. (B) The cost of these securities was determined on the basis of specific identification.
Amount Of Available-For-Sale Debt Securities By Maturity Periods	The NDT Fund debt securities held as of September 30, 2024 had the following maturities: Time Frame Fair Value Millions Less than one year $ 21 1 - 5 years 335 6 - 10 years 233 11 - 15 years 71 16 - 20 years 115 Over 20 years 537 Total NDT Available-for-Sale Debt Securities $ 1,312
Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months	The following table shows the value of securities in the Rabbi Trust Fund that have been in an unrealized loss position for less than 12 months and greater than 12 months. As of September 30, 2024 As of December 31, 2023 Less Than 12 Greater Than 12 Less Than 12 Greater Than 12 Fair Gross Fair Gross Fair Gross Fair Gross Millions Available-for-Sale Debt Securities Government (A) $ 1 $ — $ 77 $ ( 17 ) $ 3 $ — $ 83 $ ( 19 ) Corporate (B) 1 — 53 ( 8 ) 3 — 60 ( 10 ) Total Available-for-Sale Debt Securities 2 — 130 ( 25 ) 6 — 143 ( 29 ) Rabbi Trust Investments $ 2 $ — $ 130 $ ( 25 ) $ 6 $ — $ 143 $ ( 29 ) (A) Debt Securities (Government)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). The unrealized losses on PSEG’s Rabbi Trust investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. PSEG also has investments in municipal bonds. It is not expected that these securities will settle for less than their amortized cost. PSEG does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG did not recognize credit losses for U.S. Treasury obligations and Federal Agency mortgage-backed securities because these investments are guaranteed by the U.S. government or an agency of the U.S. government. PSEG did not recognize credit losses for municipal bonds because they are primarily investment grade securities. (B) Debt Securities (Corporate)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). Unrealized losses were due to market declines. It is not expected that these securities would settle for less than their amortized cost. PSEG does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG did not recognize credit losses for corporate bonds because they are primarily investment grade.
Securities Held In The Rabbi Trusts	The following tables show the amortized cost basis, gross unrealized gains and losses and fair values for the securities held in the Rabbi Trust. As of September 30, 2024 Cost Gross Gross Fair Millions Domestic Equity Securities $ 9 $ 10 $ — $ 19 Available-for-Sale Debt Securities Government 104 — ( 17 ) 87 Corporate 77 — ( 8 ) 69 Total Available-for-Sale Debt Securities 181 — ( 25 ) 156 Total Rabbi Trust Investments $ 190 $ 10 $ ( 25 ) $ 175 As of December 31, 2023 Cost Gross Gross Fair Millions Domestic Equity Securities $ 10 $ 8 $ — $ 18 Available-for-Sale Debt Securities Government 110 — ( 19 ) 91 Corporate 80 — ( 10 ) 70 Total Available-for-Sale Debt Securities 190 — ( 29 ) 161 Total Rabbi Trust Investments $ 200 $ 8 $ ( 29 ) $ 179
Schedule of Accounts Receivable and Accounts Payable in the Rabbi Trust Funds	The amounts in the preceding tables do not include receivables and payables for Rabbi Trust Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table. As of As of September 30, December 31, Millions Accounts Receivable $ 2 $ 1 Accounts Payable $ — $ —
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds And Rabbi Trusts	The proceeds from the sales of and the net gains (losses) on securities in the Rabbi Trust Fund were: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Millions Proceeds from Rabbi Trust Sales $ 10 $ 9 $ 25 $ 26 Net Realized Gains (Losses) on Rabbi Trust: Gross Realized Gains $ — $ 1 $ 2 $ 5 Gross Realized Losses — ( 1 ) ( 1 ) ( 6 ) Net Realized Gains (Losses) on Rabbi Trust (A) — — 1 ( 1 ) Net Unrealized Gains (Losses) on Equity Securities 1 ( 1 ) 1 1 Net Gains (Losses) on Rabbi Trust Investments $ 1 $ ( 1 ) $ 2 $ — (A) The cost of these securities was determined on the basis of specific identification.
Amount Of Available-For-Sale Debt Securities By Maturity Periods	The Rabbi Trust debt securities held as of September 30, 2024 had the following maturities: Time Frame Fair Value Millions Less than one year $ 5 1 - 5 years 28 6 - 10 years 17 11 - 15 years 10 16 - 20 years 17 Over 20 years 79 Total Rabbi Trust Available-for-Sale Debt Securities $ 156
Fair Value Of The Rabbi Trusts	The fair value of the Rabbi Trust related to PSE&G and PSEG Power & Other is detailed as follows: As of As of September 30, December 31, Millions PSE&G $ 32 $ 32 PSEG Power & Other 143 147 Total Rabbi Trust Investments $ 175 $ 179

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (OPEB) (Tables)	9 Months Ended
Pension and Other Postretirement Benefits (OPEB) (Tables)	Sep. 30, 2024
Retirement Benefits [Abstract]
Components Of Net Periodic Benefit Cost	The following table provides the components of net periodic benefit costs (credits) relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization, co-owner allocations and the 2023 BPU accounting order. Only the service cost component is eligible for capitalization, when applicable. Pension Benefits OPEB Pension Benefits OPEB Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2024 2023 2024 2023 2024 2023 2024 2023 Millions Components of Net Periodic Benefit (Credits) Costs Service Cost (included in O&M Expense) $ 24 $ 23 $ 1 $ 1 $ 71 $ 68 $ 2 $ 3 Non-Service Components of Pension and OPEB (Credits) Costs Interest Cost 57 62 9 10 169 200 28 31 Expected Return on Plan Assets ( 80 ) ( 87 ) ( 9 ) ( 8 ) ( 241 ) ( 278 ) ( 26 ) ( 25 ) Amortization of Net Prior Service Credit — — — ( 13 ) — — 1 ( 39 ) Actuarial Loss (Gain) 17 19 — ( 1 ) 53 67 ( 1 ) ( 2 ) Settlement Charge Resulting from Pension Lift-Out — 332 — — — 332 — — Non-Service Components of Pension and OPEB (Credits) Costs ( 6 ) 326 — ( 12 ) ( 19 ) 321 2 ( 35 ) Total Net Benefit (Credits) Costs $ 18 $ 349 $ 1 $ ( 11 ) $ 52 $ 389 $ 4 $ ( 32 )
Schedule Of Pension And OPEB Costs	Pension and OPEB (credits) costs for PSE&G and PSEG Power & Other are detailed as follows: Pension Benefits OPEB Pension Benefits OPEB Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2024 2023 2024 2023 2024 2023 2024 2023 Millions PSE&G $ 11 $ 10 $ — $ ( 11 ) $ 32 $ 37 $ ( 1 ) $ ( 31 ) PSEG Power & Other 7 339 1 — 20 352 5 ( 1 ) Total Net Benefit (Credits) Costs $ 18 $ 349 $ 1 $ ( 11 ) $ 52 $ 389 $ 4 $ ( 32 )

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	9 Months Ended
Commitments and Contingent Liabilities (Tables)	Sep. 30, 2024
PSEG Power [Member]
Loss Contingencies [Line Items]
Schedule of Outstanding Guarantees, Current Exposure and Margin Positions	The following table shows the face value of PSEG Power’s outstanding guarantees, current exposure and margin positions as of September 30, 2024 and December 31, 2023. As of As of September 30, December 31, Millions Face Value of Outstanding Guarantees $ 1,340 $ 1,381 Exposure under Current Guarantees $ 40 $ 118 Letters of Credit - Counterparty Margining Posted $ 4 $ 10 Letters of Credit - Counterparty Margining Received $ 60 $ 91 Cash Deposited and Received Counterparty Cash Collateral Deposited $ — $ — Counterparty Cash Collateral Received $ ( 1 ) $ ( 2 ) Net Broker Balance Deposited (Received) $ 117 $ 115 Additional Amounts Posted Other Letters of Credit $ 155 $ 180
Schedule of Total Minimum Purchase Commitments	As of September 30, 2024, the total minimum purchase requirements included in these commitments were as follows: Fuel Type PSEG Power’s Share of Commitments through 2028 Millions Nuclear Fuel Uranium $ 396 Enrichment $ 287 Fabrication $ 179 Natural Gas $ 1,286
Public Service Electric and Gas Company [Member]
Loss Contingencies [Line Items]
Schedule of Contract for Anticipated BGS-RSCP Fixed Price Eligible Load	The contract prices in dollars per MWh for the BGS-RSCP supply, as well as the approximate load, are as follows: Auction Year 2021 2022 2023 2024 36-Month Terms Ending May 2024 May 2025 May 2026 May 2027 (A) Load (MW) 2,900 2,800 2,800 2,900 $ per MWh $ 64.80 $ 76.30 $ 93.11 $ 80.88 (A) Prices set in the 2024 BGS auction became effective on June 1, 2024 when the 2021 BGS auction agreements expired.

Debt and Credit Facilities (Tab

Debt and Credit Facilities (Tables)	9 Months Ended
Debt and Credit Facilities (Tables)	Sep. 30, 2024
Debt and Credit Facilities [Abstract]
Schedule of Line of Credit Facilities	The total committed credit facilities and available liquidity as of September 30, 2024 were as follows: As of September 30, 2024 Company/Facility Total Usage (B) Available Expiration Primary Purpose Millions PSEG Revolving Credit Facility (A) $ 1,500 $ 561 $ 939 Mar 2028 Commercial Paper Support/Funding/Letters of Credit Total PSEG $ 1,500 $ 561 $ 939 PSE&G Revolving Credit Facility $ 1,000 $ 21 $ 979 Mar 2028 Commercial Paper Support/Funding/Letters of Credit Total PSE&G $ 1,000 $ 21 $ 979 PSEG Power Revolving Credit Facility (A) $ 1,250 $ 37 $ 1,213 Mar 2028 Funding/Letters of Credit Letter of Credit Facility 75 45 30 Apr 2026 Letters of Credit Total PSEG Power $ 1,325 $ 82 $ 1,243 Total (C) $ 3,825 $ 664 $ 3,161

Financial Risk Management Act_2

Financial Risk Management Activities (Tables)	9 Months Ended
Financial Risk Management Activities (Tables)	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments Fair Value in Balance Sheets	The following tabular disclosure does not include the offsetting of trade receivables and payables. As of September 30, 2024 PSEG PSEG Power Consolidated Cash Flow Hedges Not Designated Balance Sheet Location Interest Energy- Netting Total PSEG Total Millions Derivative Contracts Current Assets $ 1 $ 509 $ ( 475 ) $ 34 $ 35 Noncurrent Assets 1 507 ( 472 ) 35 36 Total Mark-to-Market Derivative Assets $ 2 $ 1,016 $ ( 947 ) $ 69 $ 71 Derivative Contracts Current Liabilities $ ( 1 ) $ ( 558 ) $ 541 $ ( 17 ) $ ( 18 ) Noncurrent Liabilities ( 3 ) ( 444 ) 441 ( 3 ) ( 6 ) Total Mark-to-Market Derivative (Liabilities) $ ( 4 ) $ ( 1,002 ) $ 982 $ ( 20 ) $ ( 24 ) Total Net Mark-to-Market Derivative Assets (Liabilities) $ ( 2 ) $ 14 $ 35 $ 49 $ 47 As of December 31, 2023 PSEG PSEG Power Consolidated Cash Flow Hedges Not Designated Balance Sheet Location Interest Energy- Netting Total PSEG Total Millions Derivative Contracts Current Assets $ 6 $ 912 $ ( 806 ) $ 106 $ 112 Noncurrent Assets — 440 ( 411 ) 29 29 Total Mark-to-Market Derivative Assets $ 6 $ 1,352 $ ( 1,217 ) $ 135 $ 141 Derivative Contracts Current Liabilities $ ( 16 ) $ ( 890 ) $ 820 $ ( 70 ) $ ( 86 ) Noncurrent Liabilities ( 1 ) ( 424 ) 419 ( 5 ) ( 6 ) Total Mark-to-Market Derivative (Liabilities) $ ( 17 ) $ ( 1,314 ) $ 1,239 $ ( 75 ) $ ( 92 ) Total Net Mark-to-Market Derivative Assets (Liabilities) $ ( 11 ) $ 38 $ 22 $ 60 $ 49 (A) Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of cash collateral. All cash collateral (received) posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of September 30, 2024 and December 31, 2023 , PSEG Power had net cash collateral (receipts) payments to counterparties of $ 116 million and $ 113 million, respectively. Of these net cash collateral (receipts) payments, $ 35 million and $ 22 million as of September 30, 2024 and December 31, 2023 , respectively, were netted against the corresponding net derivative contract positions. Of the $ 35 million as of September 30, 2024 , $( 31 ) million was netted against noncurrent assets and $ 66 million against current liabilities. Of the $ 22 million as of December 31, 2023 , $( 1 ) million was netted against current assets, $ 15 million against current liabilities and $ 8 million against noncurrent liabilities.
Schedule of Derivative Transactions Designated and Effective as Cash Flow Hedges	The following shows the effect on the Condensed Consolidated Statements of Operations and on AOCL of derivative instruments designated as cash flow hedges for the three and nine months ended September 30, 2024 and 2023: Amount of Pre-Tax Location of Amount of Pre-Tax Three Months Ended Three Months Ended Derivatives in Cash Flow September 30, September 30, Hedging Relationships 2024 2023 2024 2023 Millions Millions PSEG Interest Rate Derivatives $ ( 6 ) $ 18 Interest Expense $ 4 $ 3 Total PSEG $ ( 6 ) $ 18 $ 4 $ 3 Amount of Pre-Tax Location of Amount of Pre-Tax Nine Months Ended Nine Months Ended Derivatives in Cash Flow September 30, September 30, Hedging Relationships 2024 2023 2024 2023 Millions Millions PSEG Interest Rate Derivatives $ 24 $ 32 Interest Expense $ 11 $ 3 Total PSEG $ 24 $ 32 $ 11 $ 3
Schedule of Reconciliation for Derivative Activity Included in Accumulated Other Comprehensive Income (Loss)	The following reconciles the Accumulated Other Comprehensive Income (Loss) for derivative activity included in AOCL of PSEG on a pre-tax and after-tax basis. Accumulated Other Comprehensive Income (Loss) Pre-Tax After-Tax Millions Balance as of December 31, 2022 $ ( 4 ) $ ( 3 ) Gain Recognized in AOCL 13 9 Less: Gain Reclassified into Income ( 5 ) ( 3 ) Balance as of December 31, 2023 $ 4 $ 3 Gain Recognized in AOCL 24 17 Less: Gain Reclassified into Income ( 11 ) ( 8 ) Balance as of September 30, 2024 $ 17 $ 12
Schedule of Derivative Instruments Not Designated as Hedging Instruments and Impact on Results of Operations	The following shows the effect on the Condensed Consolidated Statements of Operations of derivative instruments not designated as hedging instruments or as NPNS for the three months and nine months ended September 30, 2024 and 2023, respectively. PSEG Power’s derivative contracts reflected in this table include contracts to hedge the purchase and sale of electricity and natural gas, and the purchase of fuel. Derivatives Not Designated as Hedges Location of Pre-Tax Pre-Tax Gain (Loss) Recognized in Income on Derivatives Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Millions Energy-Related Contracts Operating Revenues $ 56 $ 3 $ 133 $ 1,244 Total $ 56 $ 3 $ 133 $ 1,244
Schedule of Net Notional Volume for Open Derivative Contracts	The following table summarizes the net notional volume purchases/(sales) of open derivative transactions by commodity as of September 30, 2024 and December 31, 2023. As of As of Type Notional September 30, 2024 December 31, 2023 Millions Natural Gas Dekatherm (Dth) 66 66 Electricity MWh ( 57 ) ( 60 ) Financial Transmission Rights (FTRs) MWh 21 19 Interest Rate Derivatives U.S. Dollars 1,750 2,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2024
Fair Value Disclosures [Abstract]
PSEG's, Power's And PSE&G's Respective Assets And (Liabilities) Measured At Fair Value On A Recurring Basis	The following tables present information about PSEG’s and PSE&G’s respective assets and (liabilities) measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023, including the fair value measurements and the levels of inputs used in determining those fair values. Amounts shown for PSEG include the amounts shown for PSE&G. Recurring Fair Value Measurements as of September 30, 2024 Description Total Netting (E) Quoted Market Prices for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Millions PSEG Assets: Cash Equivalents (A) $ 110 $ — $ 110 $ — $ — Derivative Contracts: Energy-Related Contracts (B) $ 69 $ ( 947 ) $ 3 $ 1,013 $ — Interest Rate Derivatives (C) $ 2 $ — $ — $ 2 $ — NDT Fund (D) Equity Securities $ 1,455 $ — $ 1,455 $ — $ — Debt Securities—U.S. Treasury $ 348 $ — $ — $ 348 $ — Debt Securities—Govt Other $ 422 $ — $ — $ 422 $ — Debt Securities—Corporate $ 542 $ — $ — $ 542 $ — Rabbi Trust (D) Equity Securities $ 19 $ — $ 19 $ — $ — Debt Securities—U.S. Treasury $ 57 $ — $ — $ 57 $ — Debt Securities—Govt Other $ 30 $ — $ — $ 30 $ — Debt Securities—Corporate $ 69 $ — $ — $ 69 $ — Liabilities: Derivative Contracts: Energy-Related Contracts (B) $ ( 20 ) $ 982 $ ( 1 ) $ ( 1,000 ) $ ( 1 ) Interest Rate Derivatives (C) $ ( 4 ) $ — $ — $ ( 4 ) $ — PSE&G Assets: Cash Equivalents (A) $ 110 $ — $ 110 $ — $ — Rabbi Trust (D) Equity Securities $ 3 $ — $ 3 $ — $ — Debt Securities—U.S. Treasury $ 11 $ — $ — $ 11 $ — Debt Securities—Govt Other $ 5 $ — $ — $ 5 $ — Debt Securities—Corporate $ 13 $ — $ — $ 13 $ — Recurring Fair Value Measurements as of December 31, 2023 Description Total Netting (E) Quoted Market Prices for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Millions PSEG Assets: Cash Equivalents (A) $ 20 $ — $ 20 $ — $ — Derivative Contracts: Energy-Related Contracts (B) $ 135 $ ( 1,217 ) $ 13 $ 1,339 $ — Interest Rate Derivatives (C) $ 6 $ — $ — $ 6 $ — NDT Fund (D) Equity Securities $ 1,310 $ — $ 1,310 $ — $ — Debt Securities—U.S. Treasury $ 293 $ — $ — $ 293 $ — Debt Securities—Govt Other $ 398 $ — $ — $ 398 $ — Debt Securities—Corporate $ 522 $ — $ — $ 522 $ — Rabbi Trust (D) Equity Securities $ 18 $ — $ 18 $ — $ — Debt Securities—U.S. Treasury $ 59 $ — $ — $ 59 $ — Debt Securities—Govt Other $ 32 $ — $ — $ 32 $ — Debt Securities—Corporate $ 70 $ — $ — $ 70 $ — Liabilities: Derivative Contracts: Energy-Related Contracts (B) $ ( 75 ) $ 1,239 $ ( 1 ) $ ( 1,311 ) $ ( 2 ) Interest Rate Derivatives (C) $ ( 17 ) $ — $ — $ ( 17 ) $ — PSE&G Assets: Cash Equivalents (A) $ 20 $ — $ 20 $ — $ — Rabbi Trust (D) Equity Securities $ 3 $ — $ 3 $ — $ — Debt Securities—U.S. Treasury $ 11 $ — $ — $ 11 $ — Debt Securities—Govt Other $ 6 $ — $ — $ 6 $ — Debt Securities—Corporate $ 12 $ — $ — $ 12 $ — (A) Represents money market mutual funds. (B) Level 1—These contracts represent natural gas futures contracts executed on an exchange, and are being valued solely on settled pricing inputs which come directly from the exchange. Level 2—Fair values for energy-related contracts are obtained primarily using a market-based approach. Most derivative contracts (forward purchase or sale contracts and swaps) are valued using settled prices from similar assets and liabilities from an exchange, such as NYMEX, ICE and Nodal Exchange, or auction prices. Prices used in the valuation process are also corroborated independently by management to determine that values are based on actual transaction data or, in the absence of transactions, bid and offers for the day. Examples may include certain exchange and non-exchange traded capacity and electricity contracts and natural gas physical or swap contracts based on market prices, basis adjustments and other premiums where adjustments and premiums are not considered significant to the overall inputs. Level 3—Unobservable inputs are used for the valuation of certain contracts. See “Additional Information Regarding Level 3 Measurements” for more information on the utilization of unobservable inputs. (C) Interest rate derivatives are valued using quoted prices on commonly quoted intervals, which are interpolated for periods different than the quoted intervals, as inputs to a market valuation model. Market inputs can generally be verified and model selection does not involve significant management judgement. (D) The fair value measurement table excludes cash and foreign currency of $ 32 million and $ 1 million in the NDT Fund as of September 30, 2024 and December 31, 2023, respectively. The NDT Fund maintains investments in various equity and fixed income securities. The Rabbi Trust maintains investments in a Russell 3000 index fund and various fixed income securities. These securities are generally valued with prices that are either exchange provided (equity securities) or market transactions for comparable securities and/or broker quotes (fixed income securities). Level 1—Investments in marketable equity securities within the NDT Fund are primarily investments in common stocks across a broad range of industries and sectors. Most equity securities are priced utilizing the principal market close price or, in some cases, midpoint, bid or ask price. Certain other equity securities in the NDT and Rabbi Trust Funds consist primarily of investments in money market funds which seek a high level of current income as is consistent with the preservation of capital and the maintenance of liquidity. To pursue its goals, the funds normally invest in diversified portfolios of high quality, short-term, dollar-denominated debt securities and government securities. The funds’ net asset value is priced and published daily. The Rabbi Trust’s Russell 3000 index fund is valued based on quoted prices in an active market and can be redeemed daily without restriction. Level 2—NDT and Rabbi Trust fixed income securities include investment grade corporate bonds, collateralized mortgage obligations, asset-backed securities and certain government and U.S. Treasury obligations or Federal Agency asset-backed securities and municipal bonds with a wide range of maturities. Since many fixed income securities do not trade on a daily basis, they are priced using an evaluated pricing methodology that varies by asset class and reflects observable market information such as the most recent exchange price or quoted bid for similar securities. Market-based standard inputs typically include benchmark yields, reported trades, broker/dealer quotes and issuer spreads. Certain short-term investments are valued using observable market prices or market parameters such as time-to-maturity, coupon rate, quality rating and current yield. (E) Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of collateral. See Note 11. Financial Risk Management Activities for additional detail.
Schedule of Fair Value of Debt	The estimated fair values, carrying amounts and methods used to determine the fair value of long-term debt as of September 30, 2024 and December 31, 2023 are included in the following table and accompanying notes. As of September 30, 2024 As of December 31, 2023 Carrying Fair Carrying Fair Millions Long-Term Debt: PSEG (A) $ 4,865 $ 4,877 $ 4,371 $ 4,240 PSE&G (A) 15,245 14,336 13,663 12,460 PSEG Power (B) 1,250 1,250 1,250 1,250 Total Long-Term Debt $ 21,360 $ 20,463 $ 19,284 $ 17,950 (A) Given that these bonds do not trade actively, the fair value amounts of taxable debt securities (primarily Level 2 measurements) are generally determined by a valuation model using market-based measurements that are processed through a rules-based pricing methodology. The fair value amounts above do not represent the price at which the outstanding debt may be called for redemption by each issuer under their respective debt agreements. (B) Private term loan with book value approximating fair value (Level 2 measurement).

Net Other Income (Deductions) (

Net Other Income (Deductions) (Tables)	9 Months Ended
Net Other Income (Deductions) (Tables)	Sep. 30, 2024
Other Income and Expenses [Abstract]
Schedule Of Net Other Income (Deductions)	PSE&G PSEG Power & Other (A) Consolidated Millions Three Months Ended September 30, 2024 NDT Fund Interest and Dividends $ — $ 21 $ 21 Allowance for Funds Used During Construction 11 — 11 Solar Loan Interest 1 — 1 Other Interest 4 3 7 Other 2 ( 5 ) ( 3 ) Total Net Other Income (Deductions) $ 18 $ 19 $ 37 Nine Months Ended September 30, 2024 NDT Fund Interest and Dividends $ — 61 $ 61 Allowance for Funds Used During Construction 31 — 31 Solar Loan Interest 4 — 4 Other Interest 7 19 26 Other 8 ( 11 ) ( 3 ) Total Net Other Income (Deductions) $ 50 $ 69 $ 119 Three Months Ended September 30, 2023 NDT Fund Interest and Dividends $ — $ 16 $ 16 Allowance for Funds Used During Construction 15 — 15 Solar Loan Interest 2 — 2 Other Interest 3 6 9 Other 1 ( 2 ) ( 1 ) Total Net Other Income (Deductions) $ 21 $ 20 $ 41 Nine Months Ended September 30, 2023 NDT Fund Interest and Dividends $ — $ 50 $ 50 Allowance for Funds Used During Construction 45 — 45 Solar Loan Interest 6 — 6 Other Interest 10 22 32 Other 4 ( 5 ) ( 1 ) Total Net Other Income (Deductions) $ 65 $ 67 $ 132 PSEG Power & Other consists of activity at PSEG Power, Energy Holdings, PSEG LI, Services, PSEG (parent company) and intercompany eliminations.

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
Income Taxes (Tables)	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule Of Effective Tax Rates	A reconciliation of reported income tax expense for PSEG with the amount computed by multiplying pre-tax income by the statutory federal income tax rate of 21 % is as follows: Three Months Ended Nine Months Ended PSEG September 30, September 30, 2024 2023 2024 2023 Millions Pre-Tax Income $ 559 $ 65 $ 1,625 $ 2,394 Tax Computed at Statutory Rate 21% Increase (Decrease) Attributable to: $ 117 $ 14 $ 341 $ 503 State Income Taxes (net of federal income tax) 38 ( 1 ) 112 157 NDT Fund 11 ( 3 ) 26 11 Uncertain Tax Positions 1 1 3 ( 6 ) Leasing Activities — — — ( 17 ) GPRC-CEF-EE ( 16 ) ( 13 ) ( 44 ) ( 36 ) Tax Credits ( 90 ) ( 2 ) ( 195 ) ( 7 ) Estimated Annual Effective Tax Rate Interim Period Adjustment 14 9 1 ( 7 ) TAC ( 33 ) ( 62 ) ( 100 ) ( 188 ) Other ( 3 ) ( 17 ) ( 5 ) ( 33 ) Subtotal ( 78 ) ( 88 ) ( 202 ) ( 126 ) Total Income Tax Expense (Benefit) $ 39 $ ( 74 ) $ 139 $ 377 Effective Income Tax Rate 7.0 % N/A 8.6 % 15.7 % A reconciliation of reported income tax expense for PSE&G with the amount computed by multiplying pre-tax income by the statutory federal income tax rate of 21 % is as follows: Three Months Ended Nine Months Ended PSE&G September 30, September 30, 2024 2023 2024 2023 Millions Pre-Tax Income $ 469 $ 454 $ 1,410 $ 1,365 Tax Computed at Statutory Rate 21% Increase (Decrease) Attributable to: $ 98 $ 95 $ 296 $ 287 State Income Taxes (net of federal income tax) 32 33 99 100 Uncertain Tax Positions — — — ( 5 ) Tax Credits ( 2 ) ( 2 ) ( 6 ) ( 7 ) GPRC-CEF-EE ( 16 ) ( 13 ) ( 44 ) ( 36 ) TAC ( 33 ) ( 62 ) ( 100 ) ( 188 ) Bad Debt Flow-Through ( 3 ) ( 2 ) ( 9 ) ( 9 ) Other 14 4 5 ( 1 ) Subtotal ( 8 ) ( 42 ) ( 55 ) ( 146 ) Total Income Tax Expense $ 90 $ 53 $ 241 $ 141 Effective Income Tax Rate 19.2 % 11.7 % 17.1 % 10.3 %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss), Net of Tax (Tables)	9 Months Ended
	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income by Component	Three Months Ended September 30, 2024 Accumulated Other Comprehensive Income (Loss) Cash Flow Hedges Pension and OPEB Plans Available-for-Sale Securities Total Millions Balance as of June 30, 2024 $ 20 $ ( 98 ) $ ( 95 ) $ ( 173 ) Other Comprehensive Income (Loss) before Reclassifications ( 5 ) — 37 32 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 3 ) 2 — ( 1 ) Net Current Period Other Comprehensive Income (Loss) ( 8 ) 2 37 31 Balance as of September 30, 2024 $ 12 $ ( 96 ) $ ( 58 ) $ ( 142 ) Three Months Ended September 30, 2023 Accumulated Other Comprehensive Income (Loss) Cash Flow Hedges Pension and OPEB Plans Available-for-Sale Securities Total Millions Balance as of June 30, 2023 $ 7 $ ( 419 ) $ ( 103 ) $ ( 515 ) Other Comprehensive Income (Loss) before Reclassifications 13 82 ( 36 ) 59 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 2 ) 240 5 243 Net Current Period Other Comprehensive Income (Loss) 11 322 ( 31 ) 302 Balance as of September 30, 2023 $ 18 $ ( 97 ) $ ( 134 ) $ ( 213 ) Nine Months Ended September 30, 2024 Accumulated Other Comprehensive Income (Loss) Cash Flow Hedges Pension and OPEB Plans Available-for-Sale Securities Total Millions Balance as of December 31, 2023 $ 3 $ ( 102 ) $ ( 80 ) $ ( 179 ) Other Comprehensive Income (Loss) before Reclassifications 17 — 18 35 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 8 ) 6 4 2 Net Current Period Other Comprehensive Income (Loss) $ 9 $ 6 $ 22 $ 37 Balance as of September 30, 2024 $ 12 $ ( 96 ) $ ( 58 ) $ ( 142 ) Nine Months Ended September 30, 2023 Accumulated Other Comprehensive Income (Loss) Cash Flow Hedges Pension and OPEB Plans Available-for-Sale Securities Total Millions Balance as of December 31, 2022 $ ( 3 ) $ ( 426 ) $ ( 121 ) $ ( 550 ) Other Comprehensive Income (Loss) before Reclassifications 23 82 ( 28 ) 77 Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 2 ) 247 15 260 Net Current Period Other Comprehensive Income (Loss) 21 329 ( 13 ) 337 Balance as of September 30, 2023 $ 18 $ ( 97 ) $ ( 134 ) $ ( 213 )
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income	Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Statement of Operations Three Months Ended Nine Months Ended September 30, 2024 September 30, 2024 Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Location of Pre-Tax Amount In Statement of Operations Pre-Tax Amount Tax (Expense) Benefit After-Tax Amount Pre-Tax Amount Tax (Expense) Benefit After-Tax Amount Millions Cash Flow Hedges Interest Rate Derivatives Interest Expense $ 4 $ ( 1 ) $ 3 $ 11 $ ( 3 ) $ 8 Total Cash Flow Hedges 4 ( 1 ) 3 11 ( 3 ) 8 Pension and OPEB Plans Amortization of Prior Service (Cost) Credit Net Non-Operating Pension and OPEB Credits (Costs) ( 1 ) — ( 1 ) ( 1 ) — ( 1 ) Amortization of Net Actuarial Loss Net Non-Operating Pension and OPEB Credits (Costs) ( 2 ) 1 ( 1 ) ( 7 ) 2 ( 5 ) Total Pension and OPEB Plans ( 3 ) 1 ( 2 ) ( 8 ) 2 ( 6 ) Available-for-Sale Debt Securities Realized Gains (Losses) Net Gains (Losses) on Trust Investments — — — ( 6 ) 2 ( 4 ) Total Available-for-Sale Debt Securities — — — ( 6 ) 2 ( 4 ) Total $ 1 $ — $ 1 $ ( 3 ) $ 1 $ ( 2 ) Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Statement of Operations Three Months Ended Nine Months Ended September 30, 2023 September 30, 2023 Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Location of Pre-Tax Amount In Statement of Operations Pre-Tax Amount Tax (Expense) Benefit After-Tax Amount Pre-Tax Amount Tax (Expense) Benefit After-Tax Amount Millions Cash Flow Hedges Interest Rate Derivatives Interest Expense $ 3 $ ( 1 ) $ 2 $ 3 $ ( 1 ) $ 2 Total Cash Flow Hedges 3 ( 1 ) 2 3 ( 1 ) 2 Pension and OPEB Plans Amortization of Prior Service (Cost) Credit Net Non-Operating Pension and OPEB Credits (Costs) 2 ( 1 ) 1 6 ( 2 ) 4 Amortization of Net Actuarial Loss Net Non-Operating Pension and OPEB Credits (Costs) ( 3 ) 1 ( 2 ) ( 17 ) 5 ( 12 ) Pension Settlement Charge Net Non-Operating Pension and OPEB Credits (Costs) ( 332 ) 93 ( 239 ) ( 332 ) 93 ( 239 ) Total Pension and OPEB Plans ( 333 ) 93 ( 240 ) ( 343 ) 96 ( 247 ) Available-for-Sale Debt Securities Realized Gains (Losses) Net Gains (Losses) on Trust Investments ( 8 ) 3 ( 5 ) ( 25 ) 10 ( 15 ) Total Available-for-Sale Debt Securities ( 8 ) 3 ( 5 ) ( 25 ) 10 ( 15 ) Total $ ( 338 ) $ 95 $ ( 243 ) $ ( 365 ) $ 105 $ ( 260 )

Earnings Per Share (EPS) and _2

Earnings Per Share (EPS) and Dividends (Tables)	9 Months Ended
Earnings Per Share (EPS) and Dividends (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share Computation	The following table shows the effect of these dilutive potential shares on the weighted average number of shares outstanding used in calculating diluted EPS: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Basic Diluted Basic Diluted Basic Diluted Basic Diluted EPS Numerator (Millions): Net Income $ 520 $ 520 $ 139 $ 139 $ 1,486 $ 1,486 $ 2,017 $ 2,017 EPS Denominator (Millions): Weighted Average Common Shares Outstanding 498 498 498 498 498 498 497 497 Effect of Stock Based Compensation Awards — 2 — 2 — 2 — 3 Total Shares 498 500 498 500 498 500 497 500 EPS Net Income $ 1.04 $ 1.04 $ 0.28 $ 0.27 $ 2.98 $ 2.97 $ 4.06 $ 4.03
Schedule of Dividend Payments on Common Stock	Dividends Three Months Ended Nine Months Ended September 30, September 30, Dividend Payments on Common Stock 2024 2023 2024 2023 Per Share $ 0.60 $ 0.57 $ 1.80 $ 1.71 In Millions $ 299 $ 284 $ 897 $ 853

Financial Information By Busi_2

Financial Information By Business Segments (Tables)	9 Months Ended
Financial Information By Business Segments (Tables)	Sep. 30, 2024
Segment Reporting [Abstract]
Financial Information By Business Segments	PSE&G PSEG Power & Other Eliminations (A) Consolidated Total Millions Three Months Ended September 30, 2024 Operating Revenues $ 2,139 $ 583 $ ( 80 ) $ 2,642 Net Income (B) 379 141 — 520 Gross Additions to Long-Lived Assets 672 96 — 768 Nine Months Ended September 30, 2024 Operating Revenues $ 6,335 $ 2,140 $ ( 650 ) $ 7,825 Net Income (B) 1,169 317 — 1,486 Gross Additions to Long-Lived Assets 2,157 245 — 2,402 Three Months Ended September 30, 2023 Operating Revenues $ 1,999 $ 546 $ ( 89 ) $ 2,456 Net Income (B) 401 ( 262 ) — 139 Gross Additions to Long-Lived Assets 813 103 — 916 Nine Months Ended September 30, 2023 Operating Revenues $ 5,954 $ 3,475 $ ( 797 ) $ 8,632 Net Income (B) 1,224 793 — 2,017 Gross Additions to Long-Lived Assets 2,149 211 — 2,360 As of September 30, 2024 Total Assets $ 45,784 $ 8,550 $ ( 254 ) $ 54,080 Investments in Equity Method Subsidiaries $ — $ 22 $ — $ 22 As of December 31, 2023 Total Assets $ 42,873 $ 8,407 $ ( 539 ) $ 50,741 Investments in Equity Method Subsidiaries $ — $ 17 $ — $ 17 (A) Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 18. Related-Party Transactions. (B) Includes net after-tax gains (losses) of $ 17 million and $( 17 ) million for the three months and $( 55 ) million and $ 750 million for the nine months ended September 30, 2024 and 2023 , respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates. Also includes a $ 239 million after-tax pension charge due to the remeasurement of the qualified pension plans as a result of the pension settlement transaction for the three and nine months ended September 30, 2023. See Note 8. Pension and Other Postretirement Benefits (OPEB).

Related-Party Transactions (Tab

Related-Party Transactions (Tables) - Public Service Electric and Gas Company [Member]	9 Months Ended
	Sep. 30, 2024
Related Party Transaction [Line Items]
Schedule of Related Party Transactions, Revenue	The financial statements for PSE&G include transactions with related parties presented as follows: Three Months Ended Nine Months Ended September 30, September 30, Related-Party Transactions 2024 2023 2024 2023 Millions Billings from Affiliates: Net Billings from PSEG Power (A) $ 78 $ 86 $ 645 $ 761 Administrative Billings from Services (B) 122 93 375 313 Total Billings from Affiliates $ 200 $ 179 $ 1,020 $ 1,074
Schedule of Related Party Transactions, Payables	As of As of Related-Party Transactions September 30, 2024 December 31, 2023 Millions Payable to PSEG Power (A) $ 76 $ 264 Payable to Services (B) 94 121 Payable to PSEG (C) 51 119 Accounts Payable—Affiliated Companies $ 221 $ 504 Working Capital Advances to Services (D) $ 33 $ 33 Long-Term Accrued Taxes Receivable (Payable) $ — $ ( 2 ) (A) PSE&G has entered into a requirements contract with PSEG Power under which PSEG Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. In addition, PSEG Power sells ZECs to PSE&G from its nuclear units under the ZEC program as approved by the BPU. The rates in the BGSS contract and for the ZEC sales are prescribed by the BPU. BGSS sales are billed and settled on a monthly basis. ZEC sales are billed on a monthly basis and settled annually following completion of each energy year. In addition, PSEG Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules. (B) Services provides and bills administrative services to PSE&G at cost. In addition, PSE&G has other payables to Services, including amounts related to certain common costs, which Services pays on behalf of PSE&G. (C) PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a separate return basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are NOLs and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits. In addition, PSEG pays net wages and payroll taxes and receives reimbursement from its affiliated companies for their respective portions. (D) PSE&G has advanced working capital to Services. The amount is included in Other Noncurrent Assets on PSE&G’s Condensed Consolidated Balance Sheets.

Organization, Basis of Presen_4

Organization, Basis of Presentation and Significant Accounting Policies - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents		$ 203	$ 54
Restricted Cash in Other Current Assets		3	23
Restricted Cash in Other Noncurrent Assets		22	22
Cash, Cash Equivalents and Restricted Cash		228	99	$ 100	$ 511
Public Service Electric and Gas Company [Member]
Cash and Cash Equivalents		185	30
Restricted Cash in Other Current Assets		3	23
Restricted Cash in Other Noncurrent Assets		22	22
Cash, Cash Equivalents and Restricted Cash		210	75	$ 69	$ 266
PSEG Power & Other [Member]
Cash and Cash Equivalents	[1]	18	24
Restricted Cash in Other Current Assets	[1]	0	0
Restricted Cash in Other Noncurrent Assets	[1]	0	0
Cash, Cash Equivalents and Restricted Cash	[1]	$ 18	$ 24

[1] Includes amounts applicable to PSEG Power, Energy Holdings, Services and PSEG (parent company).

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenues (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues [Line Items]
Revenue from Contract with Customers		$ 2,527	$ 2,364	$ 7,411	$ 7,021
Revenues Unrelated to Contracts with Customers	[1]	115	92	414	1,611
Total Operating Revenues		2,642	2,456	7,825	8,632
Eliminations [Member]
Revenues [Line Items]
Revenue from Contract with Customers		(80)	(89)	(650)	(797)
Revenues Unrelated to Contracts with Customers	[1]	0	0	0	0
Total Operating Revenues	[2]	(80)	(89)	(650)	(797)
Electric Distribution Contracts [Member]
Revenues [Line Items]
Revenue from Contract with Customers		1,406	1,281	3,170	2,795
Electric Distribution Contracts [Member] \| Eliminations [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Gas Distribution [Member]
Revenues [Line Items]
Revenue from Contract with Customers		162	147	1,385	1,380
Gas Distribution [Member] \| Eliminations [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Electric Transmission [Member]
Revenues [Line Items]
Revenue from Contract with Customers		441	422	1,313	1,251
Electric Transmission [Member] \| Eliminations [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Electricity and Related Products [Member] \| PJM [Member] \| Third Party Sales [Member]
Revenues [Line Items]
Revenue from Contract with Customers		206	216	600	703
Electricity and Related Products [Member] \| PJM [Member] \| Third Party Sales [Member] \| Eliminations [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Electricity and Related Products [Member] \| PJM [Member] \| Sales to Affiliates [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Electricity and Related Products [Member] \| PJM [Member] \| Sales to Affiliates [Member] \| Eliminations [Member]
Revenues [Line Items]
Revenue from Contract with Customers		(48)	(32)	(87)	(90)
Electricity and Related Products [Member] \| ISO New England [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	3	5	9
Electricity and Related Products [Member] \| ISO New England [Member] \| Eliminations [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Gas Sales [Member] \| Third Party Sales [Member]
Revenues [Line Items]
Revenue from Contract with Customers		45	44	155	156
Gas Sales [Member] \| Third Party Sales [Member] \| Eliminations [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Gas Sales [Member] \| Sales to Affiliates [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Gas Sales [Member] \| Sales to Affiliates [Member] \| Eliminations [Member]
Revenues [Line Items]
Revenue from Contract with Customers		(31)	(55)	(559)	(703)
Other Revenues from Contracts with Customers [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[3]	267	251	783	727
Other Revenues from Contracts with Customers [Member] \| Eliminations [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[3]	(1)	(2)	(4)	(4)
Public Service Electric and Gas Company [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers		2,096	1,940	6,131	5,688
Revenues Unrelated to Contracts with Customers	[1]	43	59	204	266
Total Operating Revenues		2,139	1,999	6,335	5,954
Public Service Electric and Gas Company [Member] \| Electric Distribution Contracts [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers		1,406	1,281	3,170	2,795
Public Service Electric and Gas Company [Member] \| Gas Distribution [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers		162	147	1,385	1,380
Public Service Electric and Gas Company [Member] \| Electric Transmission [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers		441	422	1,313	1,251
Public Service Electric and Gas Company [Member] \| Electricity and Related Products [Member] \| PJM [Member] \| Third Party Sales [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Public Service Electric and Gas Company [Member] \| Electricity and Related Products [Member] \| PJM [Member] \| Sales to Affiliates [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Public Service Electric and Gas Company [Member] \| Electricity and Related Products [Member] \| ISO New England [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Public Service Electric and Gas Company [Member] \| Gas Sales [Member] \| Third Party Sales [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Public Service Electric and Gas Company [Member] \| Gas Sales [Member] \| Sales to Affiliates [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers		0	0	0	0
Public Service Electric and Gas Company [Member] \| Other Revenues from Contracts with Customers [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[3]	87	90	263	262
PSEG Power & Other \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[4]	511	513	1,930	2,130
Revenues Unrelated to Contracts with Customers	[1],[4]	72	33	210	1,345
Total Operating Revenues	[4]	583	546	2,140	3,475
PSEG Power & Other \| Electric Distribution Contracts [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[4]	0	0	0	0
PSEG Power & Other \| Gas Distribution [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[4]	0	0	0	0
PSEG Power & Other \| Electric Transmission [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[4]	0	0	0	0
PSEG Power & Other \| Electricity and Related Products [Member] \| PJM [Member] \| Third Party Sales [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[4]	206	216	600	703
PSEG Power & Other \| Electricity and Related Products [Member] \| PJM [Member] \| Sales to Affiliates [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[4]	48	32	87	90
PSEG Power & Other \| Electricity and Related Products [Member] \| ISO New England [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[4]	0	3	5	9
PSEG Power & Other \| Gas Sales [Member] \| Third Party Sales [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[4]	45	44	155	156
PSEG Power & Other \| Gas Sales [Member] \| Sales to Affiliates [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[4]	31	55	559	703
PSEG Power & Other \| Other Revenues from Contracts with Customers [Member] \| Operating Segments [Member]
Revenues [Line Items]
Revenue from Contract with Customers	[3],[4]	$ 181	$ 163	$ 524	$ 469

[1] Includes primarily alternative revenues at PSE&G principally from the CIP program and derivative contracts and lease contracts at PSEG Power & Other. Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 18. Related-Party Transactions. Includes primarily revenues from appliance repair services and the sale of solar renewable energy credits (SRECs) at auction at PSE&G. PSEG Power & Other includes PSEG LI’s OSA with LIPA and PSEG Power’s energy management fee with LIPA. Includes revenues applicable to PSEG Power, PSEG LI and Energy Holdings.

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Revenues [Line Items]
Regulatory assets		$ 6,034	$ 5,157
Other [Member] \| LIPA OSA contract fixed component [Member]
Revenues [Line Items]
Anticipated contract revenues		$ 44
Public Service Electric and Gas Company
Revenues [Line Items]
Allowances percentage of accounts receivable		16%	18%
Regulatory assets		$ 6,034	$ 5,157
Public Service Electric and Gas Company \| COVID-19 Deferral - Bad Debt portion [Member]
Revenues [Line Items]
Regulatory assets	$ 68	68
Public Service Electric and Gas Company \| Societal Benefits Charges Sbc [Member] \| Electric Bad Debt Deferral [Member]
Revenues [Line Items]
Regulatory assets		120
Public utilities, approved rate increase (decrease), amount	$ 78	$ 78

Revenues - Reconciliation of Al

Revenues - Reconciliation of Allowance for Credit Losses (Details) - Public Service Electric and Gas Company - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues [Line Items]
Balance	$ 253	$ 294	$ 283	$ 339
Provision	20	38	65	62
Write-offs, net of Recoveries	(35)	(49)	(110)	(118)
Balance	$ 238	$ 283	$ 238	$ 283

Revenues - Reconciliation of _2

Revenues - Reconciliation of Allowance for Credit Losses (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Public Service Electric and Gas Company [Member]
Revenues [Line Items]
Recoveries	$ 10	$ 7	$ 24	$ 20

Revenues - Revenue, Capacity Au

Revenues - Revenue, Capacity Auction Obligations (Details) - PSEG Power - PJM [Member]	Sep. 30, 2024 $ / MK MW
June 2024 to May 2025
Revenues [Line Items]
$ per Megawatt (MW)-Day \| $ / MK	61
MW Cleared \| MW	3,700
June 2025 to May 2026
Revenues [Line Items]
$ per Megawatt (MW)-Day \| $ / MK	270
MW Cleared \| MW	3,500

Variable Interest Entities (V_2

Variable Interest Entities (VIEs) - Additional information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Variable Interest Entity [Line Items]
Operating Revenues	$ 2,642	$ 2,456	$ 7,825	$ 8,632
Operation and Maintenance	808	792	2,415	2,279
Long Island ServCo [Member]
Variable Interest Entity [Line Items]
Operating Revenues	157	140	449	397
Operation and Maintenance	$ 157	$ 140	$ 449	$ 397

Rate Filings - Additional Infor

Rate Filings - Additional Information (Details)		1 Months Ended								9 Months Ended
Rate Filings - Additional Information (Details)	Nov. 04, 2024 USD ($)	Oct. 31, 2024 USD ($)	Sep. 30, 2024 USD ($)	Jul. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)	May 31, 2024 USD ($) $ / MWh	Apr. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Feb. 29, 2024 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Regulatory Assets And Liabilities [Line Items]
Regulatory Assets			$ 6,034,000,000							$ 6,034,000,000	$ 5,157,000,000
Regulatory Assets			489,000,000							489,000,000	273,000,000
Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Regulatory Assets			6,034,000,000							6,034,000,000	5,157,000,000
Regulatory Assets			489,000,000							489,000,000	$ 273,000,000
Public Service Electric and Gas Company [Member] \| ZEC Liability [Member]
Regulatory Assets And Liabilities [Line Items]
ZEC purchases						$ 166,000,000
Price per mega watt hour \| $ / MWh						9.95
Public Service Electric and Gas Company [Member] \| COVID-19 Deferral - Bad Debt portion [Member]
Regulatory Assets And Liabilities [Line Items]
Regulatory Assets			$ 68,000,000		$ 68,000,000					$ 68,000,000
Public Service Electric and Gas Company [Member] \| Basic Gas Supply Service [Member]
Regulatory Assets And Liabilities [Line Items]
Approved BGSS rate per therm			0.33				0.40			0.33
Public Service Electric and Gas Company [Member] \| Energy Strong II Electric [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount							$ 12,000,000
Public Service Electric and Gas Company [Member] \| Electric Green Program Recovery [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount					49,000,000
Public Utilities, Requested Rate Increase (Decrease), Amount					68,000,000
Public Service Electric and Gas Company [Member] \| Gas Green Program Recovery [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount					15,000,000
Public Utilities, Requested Rate Increase (Decrease), Amount					24,000,000
Public Service Electric and Gas Company [Member] \| Infrastructure Advancement Program [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount						$ 5,000,000
Public Service Electric and Gas Company [Member] \| Conservation Incentive Program [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount			$ 107,000,000	$ 99,000,000
Public Service Electric and Gas Company [Member] \| Clean Energy Future Energy Efficiency [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount						$ 300,000,000
Distribution Base rate [Member] \| Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Regulatory liabilities			509,000,000							$ 509,000,000
Regulatory Assets			509,000,000							509,000,000
COVID-19 deferrals [Member] \| Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Regulatory Assets			131,000,000							131,000,000
Regulatory Assets			68,000,000							68,000,000
Electric Societal Benefits Clause [Member] \| Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount								$ 27,000,000
Gas Societal Benefit Clause [Member] \| Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount								$ 32,000,000
Tax Adjustment Credits Gas Distribution [Member] \| Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount									$ 40,000,000
Tax Adjustment Credits Electric Distribution [Member] \| Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount									$ 61,000,000
Electric Bad Debt Deferral [Member] \| Public Service Electric and Gas Company [Member] \| Societal Benefits Charges Sbc [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount					78,000,000					78,000,000
Regulatory Assets			$ 120,000,000							$ 120,000,000
Electric Transmission [Member] \| Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount					$ 12,000,000
Subsequent Event [Member] \| Public Service Electric and Gas Company [Member] \| Gas Green Program Recovery [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount		$ 3,000,000
Public Utilities, Approved Investment, Amount		2,900,000,000
Subsequent Event [Member] \| Distribution Base rate [Member] \| Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate base		$ 17,800,000,000
Public utilities, approved return on equity, percentage		9.60%
Public utilities, approved equity capital structure, percentage		55%
Public utilities, approved rate increase (decrease), amount		$ 505,000,000
Subsequent Event [Member] \| Distribution Base rate [Member] \| Public Service Electric and Gas Company [Member] \| Base Revenues [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount		711,000,000
Subsequent Event [Member] \| Distribution Base rate [Member] \| Public Service Electric and Gas Company [Member] \| Return of Tax Benefits [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount		(206,000,000)
Subsequent Event [Member] \| Electric Infrastructure Advancement Program [Member] \| Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Public Utilities, Requested Rate Increase (Decrease), Amount	$ 6,000,000
Subsequent Event [Member] \| Gas Infrastructure Advancement Program [Member] \| Public Service Electric and Gas Company [Member]
Regulatory Assets And Liabilities [Line Items]
Public Utilities, Requested Rate Increase (Decrease), Amount	$ 5,000,000
Subsequent Event [Member] \| Electric Transmission [Member]
Regulatory Assets And Liabilities [Line Items]
Public utilities, approved rate increase (decrease), amount		$ 64,000,000

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	Sep. 30, 2024 USD ($)
Energy Holdings [Member]
Lessor, Lease, Description [Line Items]
Property, Plant, and Equipment, Lessor Asset under Operating Lease, after Accumulated Depreciation	$ 10

Leases - Operating Lease Income

Leases - Operating Lease Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating Leases, Income Statement, Lease Revenue [Abstract]
Fixed Lease Income	$ 3	$ 7	$ 10	$ 19
Total Operating Lease Income	$ 3	$ 7	$ 10	$ 19

Financing Receivables - Schedul

Financing Receivables - Schedule of Outstanding Loans by Class of Customer (Details) - Public Service Electric and Gas Company [Member] - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Concentration Risk [Line Items]
Outstanding Loans by Class of Customer	$ 44	$ 63
Current Portion (included in Accounts Receivable)	(18)	(23)
Noncurrent Portion (included in Long-Term Investments)	26	40
Commercial/Industrial [Member]
Concentration Risk [Line Items]
Outstanding Loans by Class of Customer	42	60
Residential [Member]
Concentration Risk [Line Items]
Outstanding Loans by Class of Customer	2	$ 3
Solar Loan I [Member]
Concentration Risk [Line Items]
Outstanding Loans by Class of Customer	$ 1
Solar Loan I [Member] \| Commercial/Industrial [Member]
Concentration Risk [Line Items]
Loan receivable, term	15 years
Solar Loan I [Member] \| Residential [Member]
Concentration Risk [Line Items]
Loan receivable, term	10 years
Solar Loan II [Member]
Concentration Risk [Line Items]
Outstanding Loans by Class of Customer	$ 22
Solar Loan II [Member] \| Commercial/Industrial [Member]
Concentration Risk [Line Items]
Loan receivable, term	15 years
Solar Loan II [Member] \| Residential [Member]
Concentration Risk [Line Items]
Loan receivable, term	10 years
Solar Loan III [Member]
Concentration Risk [Line Items]
Outstanding Loans by Class of Customer	$ 21
Solar Loan III [Member] \| Commercial/Industrial [Member]
Concentration Risk [Line Items]
Loan receivable, term	10 years
Solar Loan III [Member] \| Residential [Member]
Concentration Risk [Line Items]
Loan receivable, term	10 years

Financing Receivables- Schedule

Financing Receivables- Schedule of Gross and Net Lease Investment (Details) - Energy Holdings [Member] - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Financial Receivables [Line Items]
Lease Receivables (net of Non-Recourse Debt)	$ 200	$ 223
Unearned and Deferred Income	(53)	(62)
Gross Investments in Leases	147	161
Deferred Tax Liabilities	(33)	(36)
Net Investments in Leases	$ 114	$ 125

Financing Receivables - Sched_2

Financing Receivables - Schedule of Lease Receivables, Net of Nonrecourse Debt, Associated with Leveraged Lease Portfolio Based on Counterparty Credit Rating (Details) - Energy Holdings [Member] - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Financial Receivables [Line Items]
Lease Receivables (net of Non-Recourse Debt)	$ 200	$ 223
Standard & Poor's, AA Rating [Member]
Schedule of Financial Receivables [Line Items]
Lease Receivables (net of Non-Recourse Debt)	7
Standard & Poor's, A- Rating [Member]
Schedule of Financial Receivables [Line Items]
Lease Receivables (net of Non-Recourse Debt)	39
Standard & Poor's, BBB+ Rating
Schedule of Financial Receivables [Line Items]
Lease Receivables (net of Non-Recourse Debt)	$ 154

Financing Receivables - Additio

Financing Receivables - Additional Information (Details) - Public Service Electric and Gas Company [Member]	9 Months Ended
	Sep. 30, 2024
Schedule of Financial Receivables [Line Items]
Average loan repayment period	8 years
Average loan remaining repayment period	2 years
Minimum [Member]
Schedule of Financial Receivables [Line Items]
Loan receivable, term	10 years
Maximum
Schedule of Financial Receivables [Line Items]
Loan receivable, term	15 years

Trust Investments - Amortized C

Trust Investments - Amortized Costs Basis, Gross Unrealized Gains And Fair Value Losses For The Securities Held (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024		Sep. 30, 2024		Dec. 31, 2023
Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Trust Investments, Cost	$ 2,304	[1]	$ 2,304	[1]	$ 2,219	[2]
Gross Unrealized Gains	562	[1]	562	[1]	428	[2]
Gross Unrealized Losses	(99)	[1]	(99)	[1]	(124)	[2]
Trust Investments, Fair Value	2,767	[1]	2,767	[1]	2,523	[2]
NDT Fund Foreign Currency	32		32		1
Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Trust Investments, Cost	190		190		200
Gross Unrealized Gains	10		10		8
Gross Unrealized Losses	(25)		(25)		(29)
Trust Investments, Fair Value	175		175		179
Total Debt Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	1,380		1,380		1,314
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	18		18		10
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(86)		(86)		(111)
Debt Securities, Available-for-Sale, Fair Value	1,312		1,312		1,213
Total Debt Securities [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	181		181		190
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0		0		0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(25)		(25)		(29)
Debt Securities, Available-for-Sale, Fair Value	156		156		161
Equity Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Equity Securities, Cost	924		924		905
Equity Securities, Accumulated Gross Unrealized Gain			544		418
Equity Securities, FV-NI, Unrealized Loss			(13)		(13)
Equity Securities, Fair Value	1,455		1,455		1,310
Unrealized Gains (Losses) on Equity Securities still held	86		168
Equity Securities [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Unrealized Gains (Losses) on Equity Securities still held	1		1
Corporate Debt Obligations [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	558		558		555
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	9		9		6
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(25)		(25)		(39)
Debt Securities, Available-for-Sale, Fair Value	542		542		522
Corporate Debt Obligations [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	77		77		80
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0		0		0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(8)		(8)		(10)
Debt Securities, Available-for-Sale, Fair Value	69		69		70
Government Debt Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	822		822		759
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	9		9		4
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(61)		(61)		(72)
Debt Securities, Available-for-Sale, Fair Value	770		770		691
Government Debt Securities [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	104		104		110
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0		0		0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(17)		(17)		(19)
Debt Securities, Available-for-Sale, Fair Value	87		87		91
International Equity Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Equity Securities, Cost	418		418		423
Equity Securities, Accumulated Gross Unrealized Gain			137		118
Equity Securities, FV-NI, Unrealized Loss			(11)		(11)
Equity Securities, Fair Value	544		544		530
Domestic Equity Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Equity Securities, Cost	506		506		482
Equity Securities, Accumulated Gross Unrealized Gain			407		300
Equity Securities, FV-NI, Unrealized Loss			(2)		(2)
Equity Securities, Fair Value	911		911		780
Domestic Equity Securities [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Equity Securities, Cost	9		9		10
Equity Securities, Accumulated Gross Unrealized Gain			10		8
Equity Securities, FV-NI, Unrealized Loss			0		0
Equity Securities, Fair Value	$ 19		19		$ 18
Debt Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
After tax amount of net unrealized gains (losses) recognized in AOCI			(40)
Debt Securities [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
After tax amount of net unrealized gains (losses) recognized in AOCI			$ (18)

[1] The NDT Fund Investments table excludes cash and foreign currency of $ 32 million as of September 30, 2024 , which is part of the NDT Fund. The NDT Fund Investments table excludes cash and foreign currency of $ 1 million as of December 31, 2023 , which is part of the NDT Fund.

Trust Investments - Fair Values

Trust Investments - Fair Values And Gross Unrealized Gains And Losses For The Securities Held (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Nuclear Decommissioning Trust (NDT) Fund [Member]
Debt Securities, Available-for-Sale [Line Items]
NDT Fund Foreign Currency	$ 32	$ 1

Trust Investments - Schedule Of

Trust Investments - Schedule Of Accounts Receivable And Accounts Payable (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Accounts Receivable	$ 21	$ 19
Accounts Payable	14	6
Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Accounts Receivable	2	1
Accounts Payable	$ 0	$ 0

Trust Investments - Value Of Se

Trust Investments - Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		$ 117	$ 188
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		(7)	(6)
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer		684	793
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,		(92)	(118)
Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		2	6
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		0	0
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer		130	143
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,		(25)	(29)
Equity Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[1]	73	79
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[1]	(7)	(5)
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	[1]	20	32
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,	[1]	(6)	(8)
Total Debt Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		44	109
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		0	(1)
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer		664	761
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,		(86)	(110)
Total Debt Securities [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		2	6
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		0	0
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer		130	143
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,		(25)	(29)
Domestic Equity Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[1]	16	44
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[1]	(1)	(1)
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	[1]	4	4
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,	[1]	(1)	0
International Equity Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[1]	57	35
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[1]	(6)	(4)
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	[1]	16	28
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,	[1]	(5)	(8)
Government Debt Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[2]	33	90
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[2]	0	(1)
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	[2]	409	432
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,	[2]	(61)	(71)
Government Debt Securities [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[3]	1	3
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[3]	0	0
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	[3]	77	83
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,	[3]	(17)	(19)
Corporate Debt Obligations [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[4]	11	19
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[4]	0	0
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	[4]	255	329
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,	[4]	(25)	(39)
Corporate Debt Obligations [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[5]	1	3
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	[5]	0	0
Fair Value of Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	[5]	53	60
Gross Unrealized Losses on Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer,	[5]	$ (8)	$ (10)

[1] Equity Securities—Investments in marketable equity securities within the NDT Fund are primarily in common stocks within a broad range of industries and sectors. Unrealized gains and losses on these securities are recorded in Net Income. Debt Securities (Government)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). The unrealized losses on PSEG Power’s NDT investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. PSEG Power also has investments in municipal bonds. It is not expected that these securities will settle for less than their amortized cost. PSEG Power does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG Power did not recognize credit losses for U.S. Treasury obligations and Federal Agency mortgage-backed securities because these investments are guaranteed by the U.S. government or an agency of the U.S. government. PSEG Power did not recognize credit losses for municipal bonds because they are primarily investment grade securities. Debt Securities (Government)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). The unrealized losses on PSEG’s Rabbi Trust investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. PSEG also has investments in municipal bonds. It is not expected that these securities will settle for less than their amortized cost. PSEG does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG did not recognize credit losses for U.S. Treasury obligations and Federal Agency mortgage-backed securities because these investments are guaranteed by the U.S. government or an agency of the U.S. government. PSEG did not recognize credit losses for municipal bonds because they are primarily investment grade securities. Debt Securities (Corporate)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). Unrealized losses were due to market declines. It is not expected that these securities would settle for less than their amortized cost. PSEG Power does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG Power did not recognize credit losses for corporate bonds because they are primarily investment grade securities. The proceeds from the sales of and the net gains (losses) on securities in the NDT Fund were: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Millions Proceeds from NDT Fund Sales (A) $ 432 $ 268 $ 1,231 $ 972 Net Realized Gains (Losses) on NDT Fund Gross Realized Gains $ 30 $ 19 $ 107 $ 65 Gross Realized Losses ( 12 ) ( 16 ) ( 43 ) ( 71 ) Net Realized Gains (Losses) on NDT Fund (B) 18 3 64 ( 6 ) Net Unrealized Gains (Losses) on Equity Securities 70 ( 42 ) 125 69 Net Gains (Losses) on NDT Fund Investments $ 88 $ ( 39 ) $ 189 $ 63 (A) Includes activity in accounts related to the liquidation of funds being transitioned within the trust. (B) The cost of these securities was determined on the basis of specific identification. The NDT Fund debt securities held as of September 30, 2024 had the following maturities: Time Frame Fair Value Millions Less than one year $ 21 1 - 5 years 335 6 - 10 years 233 11 - 15 years 71 16 - 20 years 115 Over 20 years 537 Total NDT Available-for-Sale Debt Securities $ 1,312 PSEG Power periodically assesses individual debt securities whose fair value is less than amortized cost to determine whether the investments are impaired. For these securities, management considers its intent to sell or requirement to sell a security prior to expected recovery. In those cases where a sale is expected, any impairment would be recorded through earnings. For fixed income securities where there is no intent to sell or likely requirement to sell, management evaluates whether credit loss is a component of the impairment. If so, that portion is recorded through earnings while the noncredit loss component is recorded through Accumulated Other Comprehensive Income (Loss). Any subsequent recoveries of the noncredit loss component of the impairment would be recorded through Accumulated Other Comprehensive Income (Loss). Any subsequent recoveries of the credit loss component would be recognized through earnings. The assessment of fair market value compared to cost is applied on a weighted average basis taking into account various purchase dates and initial cost of the securities. Rabbi Trust PSEG maintains certain unfunded nonqualified benefit plans to provide supplemental retirement and deferred compensation benefits to certain key employees. Certain assets related to these plans have been set aside in a grantor trust commonly known as a “Rabbi Trust.” Debt Securities (Corporate)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). Unrealized losses were due to market declines. It is not expected that these securities would settle for less than their amortized cost. PSEG does not intend to sell these securities, nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG did not recognize credit losses for corporate bonds because they are primarily investment grade.

Trust Investments - Proceeds Fr

Trust Investments - Proceeds From The Sales Of And The Net Realized Gains On Securities in the NDT and Rabbi Trusts (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule of Trust Investments [Line Items]
Proceeds from Sale of Trust Investments				$ 1,256	$ 998
Net Gains (Losses) on Trust Investments		$ 89	$ (40)	191	63
Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Proceeds from Sale of Trust Investments	[1]	432	268	1,231	972
Gross Realized Gains		30	19	107	65
Gross Realized Losses		(12)	(16)	(43)	(71)
Net Realized Gains (Losses)	[2]	18	3	64	(6)
Unrealized Gain (Loss) on Equity Securities		70	(42)	125	69
Net Gains (Losses) on Trust Investments		88	(39)	189	63
Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Proceeds from Sale of Trust Investments		10	9	25	26
Gross Realized Gains		0	1	2	5
Gross Realized Losses		0	(1)	(1)	(6)
Net Realized Gains (Losses)	[3]	0	0	1	(1)
Unrealized Gain (Loss) on Equity Securities		1	(1)	1	1
Net Gains (Losses) on Trust Investments		$ 1	$ (1)	$ 2	$ 0

[1] Includes activity in accounts related to the liquidation of funds being transitioned within the trust. The cost of these securities was determined on the basis of specific identification. The cost of these securities was determined on the basis of specific identification.

Trust Investments - Amount Of A

Trust Investments - Amount Of Available-For-Sale Debt Securities By Maturity Periods (Details) $ in Millions	Sep. 30, 2024 USD ($)
Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Total Available-for-Sale Debt Securities	$ 1,312
Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Total Available-for-Sale Debt Securities	156
Debt Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Less than one year	21
1 - 5 years	335
6 - 10 years	233
11 - 15 years	71
16 - 20 years	115
Over 20 years	537
Debt Securities [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Less than one year	5
1 - 5 years	28
6 - 10 years	17
11 - 15 years	10
16 - 20 years	17
Over 20 years	$ 79

Trust Investments - Fair Value

Trust Investments - Fair Value Of Rabbi Trust (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Trust Investments [Line Items]
Total Rabbi Trust Investments	$ 175	$ 179
Public Service Electric and Gas Company [Member]
Schedule of Trust Investments [Line Items]
Total Rabbi Trust Investments	32	32
Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Total Rabbi Trust Investments	175	179
Rabbi Trust [Member] \| Public Service Electric and Gas Company [Member]
Schedule of Trust Investments [Line Items]
Total Rabbi Trust Investments	32	32
Rabbi Trust [Member] \| PSEG Power & Other
Schedule of Trust Investments [Line Items]
Total Rabbi Trust Investments	$ 143	$ 147

Trust Investments - Additional

Trust Investments - Additional Information (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($) Facility	Dec. 31, 2023 USD ($)
Schedule of Trust Investments [Line Items]
Number of Nuclear Facilities \| Facility		5
Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
NDT Fund Foreign Currency	$ 32	$ 32	$ 1
Debt Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
After tax amount of net unrealized gains (losses) recognized in AOCI		(40)
Debt Securities [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
After tax amount of net unrealized gains (losses) recognized in AOCI		(18)
Equity Securities [Member] \| Nuclear Decommissioning Trust (NDT) Fund [Member]
Schedule of Trust Investments [Line Items]
Unrealized Gains (Losses) on Equity Securities still held	86	168
Equity Securities [Member] \| Rabbi Trust [Member]
Schedule of Trust Investments [Line Items]
Unrealized Gains (Losses) on Equity Securities still held	$ 1	$ 1

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits (OPEB) - Schedule of Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Pension Lift Out Settlement Charge		$ 332
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service Cost (included in O&M Expense)	$ 24	23	$ 71	$ 68
Interest Cost	57	62	169	200
Expected Return on Plan Assets	(80)	(87)	(241)	(278)
Amortization of Prior Service Credit	0	0	0	0
Amortization of Actuarial Loss (Gain)	17	19	53	67
Pension Lift Out Settlement Charge	0	332	0	332
Non-Service Components of Pension and OPEB (Credits) Costs	(6)	326	(19)	321
Total Net Benefit (Credits) Costs	18	349	52	389
OPEB [Member]
Defined Benefit Plan Disclosure [Line Items]
Service Cost (included in O&M Expense)	1	1	2	3
Interest Cost	9	10	28	31
Expected Return on Plan Assets	(9)	(8)	(26)	(25)
Amortization of Prior Service Credit	0	(13)	1	(39)
Amortization of Actuarial Loss (Gain)	0	(1)	(1)	(2)
Pension Lift Out Settlement Charge	0	0	0	0
Non-Service Components of Pension and OPEB (Credits) Costs	0	(12)	2	(35)
Total Net Benefit (Credits) Costs	$ 1	$ (11)	$ 4	$ (32)

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits (OPEB) - Schedule of Pension and OPEB Costs (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Net Benefit (Credits) Costs	$ 18	$ 349	$ 52	$ 389
Pension Benefits [Member] \| Public Service Electric and Gas Company [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Net Benefit (Credits) Costs	11	10	32	37
Pension Benefits [Member] \| PSEG Power & Other
Defined Benefit Plan Disclosure [Line Items]
Total Net Benefit (Credits) Costs	7	339	20	352
OPEB [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Net Benefit (Credits) Costs	1	(11)	4	(32)
OPEB [Member] \| Public Service Electric and Gas Company [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Net Benefit (Credits) Costs	0	(11)	(1)	(31)
OPEB [Member] \| PSEG Power & Other
Defined Benefit Plan Disclosure [Line Items]
Total Net Benefit (Credits) Costs	$ 1	$ 0	$ 5	$ (1)

Pension and Other Postretirem_5

Pension and Other Postretirement Benefits (OPEB) - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Pension Lift Out Settlement Charge		$ 332
Pension Lift Out Settlement Charge, net of tax		239		$ 239
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, Payment for Settlement		1,000
Pension Lift Out Settlement Charge	$ 0	332	$ 0	332
Total benefit costs	18	349	52	389
Pension Plan [Member] \| Public Service Electric and Gas Company [Member]
Defined Benefit Plan Disclosure [Line Items]
Total benefit costs	11	10	32	37
Postretirement Healthcare Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension Lift Out Settlement Charge	0	0	0	0
Total benefit costs	1	(11)	4	(32)
Defined benefit plan, expected future employer contributions, current fiscal year	5		5
Postretirement Healthcare Plans [Member] \| Public Service Electric and Gas Company [Member]
Defined Benefit Plan Disclosure [Line Items]
Total benefit costs	0	(11)	(1)	(31)
Long Island Electric Utility Servco LLC Pension and OPEB [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, expected future employer contributions, current fiscal year	25		25
Long Island Electric Utility Servco LLC Pension and OPEB [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total benefit costs	12	9	25	18
Long Island Electric Utility Servco LLC Pension and OPEB [Member] \| Postretirement Healthcare Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Total benefit costs	$ 3	$ 3	$ 10	$ 9

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Schedule of Outstanding Guarantees, Current Exposure and Margin Positions (Details) - PSEG Power - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Face Value of Outstanding Guarantees	$ 1,340	$ 1,381
Exposure under Current Guarantees	40	118
Letters of Credit - Counterparty Margining Posted	4	10
Letters of Credit - Counterparty Margining Received	60	91
Counterparty Cash Collateral Deposited	0	0
Counterparty Cash Collateral Received	(1)	(2)
Net Broker Balance Deposited (Received)	117	115
Other Letters of Credit	$ 155	$ 180

Commitments and Contingent Li_4

Commitments and Contingent Liabilities - Environmental Matters - Additional Information (Details) $ in Millions	Sep. 30, 2024 USD ($) Plant
Site Contingency [Line Items]
Number of additional legal entities contacted by EPA in conjunction with Newark Bay study area contamination	21
EPA estimated study costs for Hackensack River	$ 55
Passaic River Site Contingency [Member]
Site Contingency [Line Items]
Estimated Cleanup Costs EPA Preferred Method	2,300
Accrual for Environmental Loss Contingencies	$ 66
Number Of Additional Potentially Responsible Parties Directed By New Jersey Department Of Environmental Protection To Arrange Damage Assessment For Lower Passaic River	56
Passaic River Site Contingency [Member] \| Public Service Electric and Gas Company [Member]
Site Contingency [Line Items]
Number of former generating electric station \| Plant	1
Accrual for Environmental Loss Contingencies	$ 53
Passaic River Site Contingency [Member] \| PSEG Power
Site Contingency [Line Items]
Accrual for Environmental Loss Contingencies	13
Mgp Remediation Site Contingency [Member] \| Public Service Electric and Gas Company [Member]
Site Contingency [Line Items]
Remediation Liability Recorded As Other Current Liabilities	64
Remediation Liability Recorded As Other Noncurrent Liabilities	158
Regulatory assets	222
Passaic River Site Upper 9 Miles
Site Contingency [Line Items]
Estimated Cleanup Costs EPA Preferred Method	550
Passaic River proposed settlement other PRPs	150
Minimum [Member] \| Mgp Remediation Site Contingency [Member] \| Public Service Electric and Gas Company [Member]
Site Contingency [Line Items]
Loss Contingency, Estimate of Possible Loss	222
Accrual for Environmental Loss Contingencies	222
Maximum \| Mgp Remediation Site Contingency [Member] \| Public Service Electric and Gas Company [Member]
Site Contingency [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 246

Commitments and Contingent Li_5

Commitments and Contingent Liabilities - Basic Generation Service (BGS), Basic Gas Supply Service (BGSS) and Zero Emission Certificates (ZECs) - Additional Information (Details) Cf in Billions	9 Months Ended
	Sep. 30, 2024 USD ($) Cf $ / MWd
Long-term Purchase Commitment [Line Items]
Number of cubic feet in gas hedging permitted to be recovered by BPU \| Cf	115
Percentage of residential gas supply permitted to be recovered in gas hedging by BPU	80%
Number Of Cubic Feet To Be Hedged \| Cf	70
Percentage of annual residential gas supply requirements to be hedged	50%
Public Service Electric and Gas Company [Member]
Long-term Purchase Commitment [Line Items]
ZEC Charge per kwh \| $	$ 0.004
Public Service Electric and Gas Company [Member] \| Auction Year 2023
Long-term Purchase Commitment [Line Items]
Dollars Per Megawatt-Day \| $ / MWd	330.72
Public Service Electric and Gas Company [Member] \| Auction Year 2024
Long-term Purchase Commitment [Line Items]
Dollars Per Megawatt-Day \| $ / MWd	378.21

Commitments and Contingent Li_6

Commitments and Contingent Liabilities - Schedule of Contract for Anticipated BGS-RSCP Fixed Price Eligible Load (Details) - Public Service Electric and Gas Company [Member]	9 Months Ended
	Sep. 30, 2024 $ / MWh MW
Auction Year 2021
Long-Term Purchase Commitment [Line Items]
36-Month Terms Ending	2024-05	[1]
Load (MW) \| MW	2,900
Dollars Per Megawatt Hour \| $ / MWh	64.8
Auction Year 2022
Long-Term Purchase Commitment [Line Items]
36-Month Terms Ending	2025-05	[1]
Load (MW) \| MW	2,800
Dollars Per Megawatt Hour \| $ / MWh	76.3
Auction Year 2023
Long-Term Purchase Commitment [Line Items]
36-Month Terms Ending	2026-05	[1]
Load (MW) \| MW	2,800
Dollars Per Megawatt Hour \| $ / MWh	93.11
Auction Year 2024
Long-Term Purchase Commitment [Line Items]
36-Month Terms Ending	2027-05	[1]
Load (MW) \| MW	2,900
Dollars Per Megawatt Hour \| $ / MWh	80.88

[1] Prices set in the 2024 BGS auction became effective on June 1, 2024 when the 2021 BGS auction agreements expired.

Commitments and Contingent Li_7

Commitments and Contingent Liabilities - Minimum Fuel Purchase Requirements - Additional Information (Details)	Sep. 30, 2024
PSEG Power
Long-Term Purchase Commitment [Line Items]
Coverage percentage of nuclear fuel commitments of uranium, enrichment, and fabrication requirements for current year	100%

Commitments and Contingent Li_8

Commitments and Contingent Liabilities - Schedule of Total Minimum Purchase Commitments (Details) - PSEG Power $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Nuclear Fuel Uranium [Member]
Long-term Purchase Commitment [Line Items]
Total five-year minimum purchase requirements	$ 396
Nuclear Fuel Enrichment [Member]
Long-term Purchase Commitment [Line Items]
Total five-year minimum purchase requirements	287
Nuclear Fuel Fabrication [Member]
Long-term Purchase Commitment [Line Items]
Total five-year minimum purchase requirements	179
Natural Gas [Member]
Long-term Purchase Commitment [Line Items]
Total five-year minimum purchase requirements	$ 1,286

Commitments and Contingent Li_9

Commitments and Contingent Liabilities - Litigation - Additional Information (Details) - PSEG Power - Sewaren 7 Litigation [Member] $ in Millions	Sep. 30, 2024 USD ($)
Loss Contingencies [Line Items]
Original Claim Amount	$ 93
Maximum
Loss Contingencies [Line Items]
Complaint amount	$ 68

Debt and Credit Facilities - Ch

Debt and Credit Facilities - Changes in Long-Term Debt - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Debt Instrument [Line Items]
Issuance of Long-term Debt	$ 3,350	$ 1,800
Repayments of Long-term Debt	1,250	825
Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Issuance of Long-term Debt	2,100	1,800
Repayments of Long-term Debt	500	$ 825
Senior Notes Five Point Two Zero Due Two Thousand Twenty Nine [Member]
Debt Instrument [Line Items]
Issuance of Long-term Debt	$ 750
Debt Instrument, Interest Rate, Stated Percentage	5.20%
Senior Notes Five Point Four Five due Two Thousand Thirty Four [Member]
Debt Instrument [Line Items]
Issuance of Long-term Debt	$ 500
Debt Instrument, Interest Rate, Stated Percentage	5.45%
Senior Notes Two Point Eight Eight Percent due 2024 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.88%
Repayments of Long-term Debt	$ 750
Medium Term Notes Five Point Two Zero due Two Thousand Thirty Four [Member] \| Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Issuance of Long-term Debt	$ 450
Debt Instrument, Interest Rate, Stated Percentage	5.20%
Medium Term Notes Five Point Four Five Percent due Two Thousand Fifty Four [Member] \| Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Issuance of Long-term Debt	$ 550
Debt Instrument, Interest Rate, Stated Percentage	5.45%
Medium Term Notes Four Point Eight Five Percent due Two Thousand Thirty Four [Member] \| Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Issuance of Long-term Debt	$ 600
Debt Instrument, Interest Rate, Stated Percentage	4.85%
Medium Term Notes Five Point Three Zero Percent due Two Thousand Fifty Four [Member] \| Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Issuance of Long-term Debt	$ 500
Debt Instrument, Interest Rate, Stated Percentage	5.30%
Medium Term Notes Three Point Seven Five Percent due Two Thousand Twenty Four [Member] \| Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Repayments of Long-term Debt	$ 250
Medium Term Notes Three Point One Five Percent due Two Thousand Twenty Four [Member] \| Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.15%
Repayments of Long-term Debt	$ 250

Debt and Credit Facilities Debt

Debt and Credit Facilities Debt - Short-Term Liquidity - Additional Information (Details) - USD ($) $ in Millions		1 Months Ended			9 Months Ended
		Apr. 30, 2024	Aug. 31, 2023	Apr. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Instrument [Line Items]
Commitments of Single Institution as Percentage of Total Commitments					9%
Line of Credit Facility, Remaining Borrowing Capacity	[1]				$ 3,161
Line of Credit Facility, Maximum Borrowing Capacity	[1]				3,825
Line of Credit Facility, Fair Value of Amount Outstanding	[1],[2]				664
Proceeds from Short-Term Loan					0	$ 750
Repayments of Short-term Debt					500	$ 2,250
Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity					979
Line of Credit Facility, Maximum Borrowing Capacity					1,000
Line of Credit Facility, Fair Value of Amount Outstanding	[2]				21
PSEG Power [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity					1,243
Line of Credit Facility, Maximum Borrowing Capacity					1,325
Line of Credit Facility, Fair Value of Amount Outstanding	[2]				82
Uncommitted Letter of Credit Facility [Member] \| PSEG Power [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					200
Line of Credit Facility, Fair Value of Amount Outstanding					75
Subsidiary Uncommitted Letter of Credit Facility [Member] \| PSEG Power [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 150
April 2023 Term Loan [Member]
Debt Instrument [Line Items]
Proceeds from Short-Term Loan				$ 750
Repayments of Short-term Debt		$ 500	$ 250

[1] Amounts do not include uncommitted credit facilities or 364-day term loans, if any apply. 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, 2024 , PSEG had $ 547 million outstanding commercial paper at a weighted average interest rate of 4.95 % and PSE&G had no commercial paper outstanding.

Debt and Credit Facilities - Sc

Debt and Credit Facilities - Schedule of Line of Credit Facilities (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Debt Instrument [Line Items]
Total Facility	$ 3,825	[1]
Usage (B)	664	[1],[2]
Available Liquidity	3,161	[1]
PSEG [Member]
Debt Instrument [Line Items]
Total Facility	1,500
Usage (B)	561	[2]
Available Liquidity	939
Revolving Credit Facility [Member] \| PSEG [Member]
Debt Instrument [Line Items]
Total Facility	1,500	[3]
Usage (B)	561	[2],[3]
Available Liquidity	$ 939	[3]
Expiration Date	Mar 2028	[3]
PSEG Power [Member]
Debt Instrument [Line Items]
Total Facility	$ 1,325
Usage (B)	82	[2]
Available Liquidity	1,243
PSEG Power [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total Facility	1,250	[3]
Usage (B)	37	[2]
Available Liquidity	$ 1,213	[3]
Expiration Date	Mar 2028	[3]
PSEG Power [Member] \| Letter Of Credit Facilities expiring April 2026 [Member]
Debt Instrument [Line Items]
Total Facility	$ 75
Usage (B)	45	[2]
Available Liquidity	$ 30
Expiration Date	Apr 2026
Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Total Facility	$ 1,000
Usage (B)	21	[2]
Available Liquidity	979
Public Service Electric and Gas Company [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total Facility	1,000
Usage (B)	21	[2]
Available Liquidity	$ 979
Expiration Date	Mar 2028

[1] Amounts do not include uncommitted credit facilities or 364-day term loans, if any apply. 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, 2024 , PSEG had $ 547 million outstanding commercial paper at a weighted average interest rate of 4.95 % and PSE&G had no commercial paper outstanding. 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.

Debt and Credit Facilities - _2

Debt and Credit Facilities - Schedule of Line of Credit Facilities (Parenthetical) (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	[1]	$ 3,825
Commercial Paper		547	$ 949
PSEG Power [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		1,325
Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		1,000
Commercial Paper		0	$ 425
Revolving Credit Facility [Member] \| PSEG Power [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		1,250
Revolving Credit Facility [Member] \| Public Service Electric and Gas Company [Member]
Debt Instrument [Line Items]
Commercial Paper		$ 0
Short-term Debt, Weighted Average Interest Rate, at Point in Time		4.95%
PSEG [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,500
PSEG [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		1,500
Commercial Paper		$ 547

[1] Amounts do not include uncommitted credit facilities or 364-day term loans, if any apply.

Financial Risk Management Act_3

Financial Risk Management Activities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Aoci, cash flow hedge, cumulative gain (loss), after tax	$ 12		$ 12		$ 3
Unrealized gain to be reclassified to earnings during the next twelve months			3
Reclassification from accumulated other comprehensive income, current period, net of tax	1	$ (243)	(2)	$ (260)
Derivative, fair value, net	47		47		49
Issuance of Long-term Debt			3,350	1,800
PSEG Power
Derivatives, Fair Value [Line Items]
Fair value of derivatives with credit-risk related contingent features	32		32		77
Aggregate fair value of derivative contracts in a liability position that contains triggers for additional collateral	12		12		3
Additional collateral aggregate fair value	20		20		74
Derivative, fair value, net	49		49		60
Public Service Electric and Gas Company [Member]
Derivatives, Fair Value [Line Items]
Issuance of Long-term Debt			2,100	1,800
Total credit exposure with counterparties	0		0
Interest Rate Swap \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, fair value, net	(2)		(2)		(11)
Interest Rate Swap \| PSEG [Member]
Derivatives, Fair Value [Line Items]
Derivative, fair value, net	(3)		$ (3)
Investment Grade - External Rating \| PSEG Power
Derivatives, Fair Value [Line Items]
Percentage of credit exposure			100%
Investment Grade - External Rating \| PSEG Power \| Minimum [Member]
Derivatives, Fair Value [Line Items]
Percentage of credit exposure			10%
Cash Flow Hedges [Member]
Derivatives, Fair Value [Line Items]
Reclassification from accumulated other comprehensive income, current period, net of tax	3	$ 2	$ 8	$ 2	3
Three Year Variable Rate Term Loan
Derivatives, Fair Value [Line Items]
Interest rate cash flow hedge derivative at fair value, net	1,250		1,250
Three Year Variable Rate Term Loan \| PSEG Power
Derivatives, Fair Value [Line Items]
Issuance of Long-term Debt			1,250
Three Year Variable Rate Term Loan \| Interest Rate Swap \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, fair value, net	$ 1		$ 1		$ 5

Financial Risk Management Act_4

Financial Risk Management Activities - Schedule of Derivative Instruments Fair Value in Balance Sheets (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative Contracts, Current Assets		$ 35	$ 112
Derivative Contracts, Noncurrent Assets		36	29
Total Mark-to-Market Derivative Assets		71	141
Derivative Contracts, Current Liabilities		(18)	(86)
Derivative Contracts, Noncurrent Liabilities		(6)	(6)
Total Mark-to-Market Derivative (Liabilities)		(24)	(92)
Net Mark-to-Market Derivative Assets (Liabilities)		47	49
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	35	22
PSEG Power
Derivatives, Fair Value [Line Items]
Derivative Contracts, Current Assets		34	106
Derivative Contracts, Noncurrent Assets		35	29
Total Mark-to-Market Derivative Assets		69	135
Derivative Contracts, Current Liabilities		(17)	(70)
Derivative Contracts, Noncurrent Liabilities		(3)	(5)
Total Mark-to-Market Derivative (Liabilities)		(20)	(75)
Net Mark-to-Market Derivative Assets (Liabilities)		49	60
Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net			8
Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net			(1)
Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net		(31)
Other Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net		66	15
Energy-Related Contracts [Member] \| Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Contracts, Current Assets		509	912
Derivative Contracts, Noncurrent Assets		507	440
Total Mark-to-Market Derivative Assets		1,016	1,352
Derivative Contracts, Current Liabilities		(558)	(890)
Derivative Contracts, Noncurrent Liabilities		(444)	(424)
Total Mark-to-Market Derivative (Liabilities)		(1,002)	(1,314)
Net Mark-to-Market Derivative Assets (Liabilities)		14	38
Energy-Related Contracts [Member] \| Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	441	419
Energy-Related Contracts [Member] \| Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	(475)	(806)
Energy-Related Contracts [Member] \| Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	(472)	(411)
Energy-Related Contracts [Member] \| Assets
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1],[2],[3]	(947)	(1,217)
Energy-Related Contracts [Member] \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1]	541	820
Energy-Related Contracts [Member] \| Other Liabilities
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net	[1],[2],[3]	982	1,239
Interest Rate Swap \| PSEG [Member]
Derivatives, Fair Value [Line Items]
Net Mark-to-Market Derivative Assets (Liabilities)		(3)
Interest Rate Swap \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Contracts, Current Assets		1	6
Derivative Contracts, Noncurrent Assets		1	0
Total Mark-to-Market Derivative Assets		2	6
Derivative Contracts, Current Liabilities		(1)	(16)
Derivative Contracts, Noncurrent Liabilities		(3)	(1)
Total Mark-to-Market Derivative (Liabilities)		(4)	(17)
Net Mark-to-Market Derivative Assets (Liabilities)		(2)	(11)
Interest Rate Swap \| Assets
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net	[3],[4]	0
Interest Rate Swap \| Other Liabilities
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net	[3],[4]	$ 0	$ 0

[1] Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of cash collateral. All cash collateral (received) posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of September 30, 2024 and December 31, 2023 , PSEG Power had net cash collateral (receipts) payments to counterparties of $ 116 million and $ 113 million, respectively. Of these net cash collateral (receipts) payments, $ 35 million and $ 22 million as of September 30, 2024 and December 31, 2023 , respectively, were netted against the corresponding net derivative contract positions. Of the $ 35 million as of September 30, 2024 , $( 31 ) million was netted against noncurrent assets and $ 66 million against current liabilities. Of the $ 22 million as of December 31, 2023 , $( 1 ) million was netted against current assets, $ 15 million against current liabilities and $ 8 million against noncurrent liabilities. Level 1—These contracts represent natural gas futures contracts executed on an exchange, and are being valued solely on settled pricing inputs which come directly from the exchange. Level 2—Fair values for energy-related contracts are obtained primarily using a market-based approach. Most derivative contracts (forward purchase or sale contracts and swaps) are valued using settled prices from similar assets and liabilities from an exchange, such as NYMEX, ICE and Nodal Exchange, or auction prices. Prices used in the valuation process are also corroborated independently by management to determine that values are based on actual transaction data or, in the absence of transactions, bid and offers for the day. Examples may include certain exchange and non-exchange traded capacity and electricity contracts and natural gas physical or swap contracts based on market prices, basis adjustments and other premiums where adjustments and premiums are not considered significant to the overall inputs. Level 3—Unobservable inputs are used for the valuation of certain contracts. See “Additional Information Regarding Level 3 Measurements” for more information on the utilization of unobservable inputs. Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of collateral. See Note 11. Financial Risk Management Activities for additional detail. Interest rate derivatives are valued using quoted prices on commonly quoted intervals, which are interpolated for periods different than the quoted intervals, as inputs to a market valuation model. Market inputs can generally be verified and model selection does not involve significant management judgement.

Financial Risk Management Act_5

Financial Risk Management Activities - Schedule of Reconciliation for Derivative Activity Included in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
(Gain) Loss Reclassified into Income, pre-tax	$ (1)	$ 338	$ 3	$ 365
Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Loss), Net of Tax	32	59	35	77
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(1)	243	2	260
Cash Flow Hedges [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Pre-Tax Balance at Beginning of Period			4	(4)	$ (4)
Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Loss), pre-tax			24		13
(Gain) Loss Reclassified into Income, pre-tax			(11)		(5)
Pre-Tax Balance at End of Period	17		17		4
After-Tax Balance at Beginning of Period			3	(3)	(3)
Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Loss), Net of Tax	(5)	13	17	23	9
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(3)	$ (2)	(8)	$ (2)	(3)
After-Tax Balance at End of Period	$ 12		$ 12		$ 3

Financial Risk Management Act_6

Financial Risk Management Activities - Schedule of Derivative Transactions Designated and Effective as Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	$ (6)	$ 18	$ 24	$ 32
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1	(243)	(2)	(260)
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion	4	3	11	3
Cash Flow Hedges [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	3	2	8	2	$ 3
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	(6)	18	24	32
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion	$ 4	$ 3	$ 11	$ 3

Financial Risk Management Act_7

Financial Risk Management Activities - Schedule of Derivative Instruments Fair Value in Balance Sheets (Parenthetical) (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Collateral already posted, aggregate fair value		$ 116	$ 113
Derivative, fair value, amount offset against collateral, net	[1]	35	22
Other Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative, fair value, amount offset against collateral, net		66	15
Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative, fair value, amount offset against collateral, net			(1)
Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative, fair value, amount offset against collateral, net			$ 8
Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative, fair value, amount offset against collateral, net		$ (31)

[1] Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of cash collateral. All cash collateral (received) posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of September 30, 2024 and December 31, 2023 , PSEG Power had net cash collateral (receipts) payments to counterparties of $ 116 million and $ 113 million, respectively. Of these net cash collateral (receipts) payments, $ 35 million and $ 22 million as of September 30, 2024 and December 31, 2023 , respectively, were netted against the corresponding net derivative contract positions. Of the $ 35 million as of September 30, 2024 , $( 31 ) million was netted against noncurrent assets and $ 66 million against current liabilities. Of the $ 22 million as of December 31, 2023 , $( 1 ) million was netted against current assets, $ 15 million against current liabilities and $ 8 million against noncurrent liabilities.

Financial Risk Management Act_8

Financial Risk Management Activities - Schedule of Derivative Instruments Not Designated as Hedging Instruments and Impact on Results of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	$ (6)	$ 18	$ 24	$ 32
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion	4	3	11	3
Energy-Related Contracts [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	56	3	133	1,244
Energy-Related Contracts [Member] \| Operating Revenues [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	56	3	133	1,244
Interest Rate Swap
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	(6)	18	24	32
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion	$ 4	$ 3	$ 11	$ 3

Financial Risk Management Act_9

Financial Risk Management Activities - Schedule of Net Notional Volume for Open Derivative Contracts (Details) - PSEG Power	9 Months Ended	12 Months Ended
	Sep. 30, 2024 $ / MWh $ / $ $ / dth	Dec. 31, 2023 $ / MWh $ / $ $ / dth
Natural Gas Dth [Member]
Derivative [Line Items]
Net notional volume of derivative transactions \| $ / dth	66	66
Electricity MWh [Member]
Derivative [Line Items]
Net notional volume of derivative transactions	(57)	(60)
FTRs MWh [Member]
Derivative [Line Items]
Net notional volume of derivative transactions	21	19
Interest Rate Swaps [Member]
Derivative [Line Items]
Net notional volume of derivative transactions \| $ / $	1,750	2,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of PSEG's, Power's and PSE&G's Respective Assets and (Liabilities) Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral already posted, aggregate fair value		$ 116	$ 113
Total Mark-to-Market Derivative Assets		71	141
Total Mark-to-Market Derivative (Liabilities)		(24)	(92)
Collateral netted against assets and liabilities	[1]	(35)	(22)
PSEG Power [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Mark-to-Market Derivative Assets		69	135
Total Mark-to-Market Derivative (Liabilities)		(20)	(75)
Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, Fair Value Disclosure	[2]	110	20
Quoted Market Prices of Identical Assets (Level 1) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, Fair Value Disclosure	[2]	110	20
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, Fair Value Disclosure	[2]	0	0
Significant Other Observable Inputs (Level 2) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, Fair Value Disclosure	[2]	0	0
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, Fair Value Disclosure	[2]	0	0
Significant Unobservable Inputs (Level 3) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, Fair Value Disclosure	[2]	0	0
Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, Fair Value Disclosure	[2]	110	20
Total Estimate Of Fair Value [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, Fair Value Disclosure	[2]	110	20
Energy-Related Contracts [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Mark-to-Market Derivative Assets	[3]	3	13
Total Mark-to-Market Derivative (Liabilities)	[3]	(1)	(1)
Energy-Related Contracts [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Mark-to-Market Derivative Assets	[3]	1,013	1,339
Total Mark-to-Market Derivative (Liabilities)	[3]	(1,000)	(1,311)
Energy-Related Contracts [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Mark-to-Market Derivative Assets	[3]	0	0
Total Mark-to-Market Derivative (Liabilities)	[3]	(1)	(2)
Energy-Related Contracts [Member] \| Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Mark-to-Market Derivative Assets	[3]	69	135
Total Mark-to-Market Derivative (Liabilities)	[3]	(20)	(75)
Interest Rate Swap [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Mark-to-Market Derivative Assets	[4]	0	0
Total Mark-to-Market Derivative (Liabilities)	[4]	0	0
Interest Rate Swap [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Mark-to-Market Derivative Assets	[4]	2	(6)
Total Mark-to-Market Derivative (Liabilities)	[4]	(4)	(17)
Interest Rate Swap [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Mark-to-Market Derivative Assets	[4]	0	0
Total Mark-to-Market Derivative (Liabilities)	[4]	0	0
Interest Rate Swap [Member] \| Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Mark-to-Market Derivative Assets	[4]	2	(6)
Total Mark-to-Market Derivative (Liabilities)	[4]	(4)	(17)
Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[2],[5]	0	0
Cash and Cash Equivalents [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[2],[5]	0	0
Assets [Member] \| Energy-Related Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[1],[3],[5]	947	1,217
Assets [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[4],[5]	0
Other Liabilities [Member] \| Energy-Related Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[1],[3],[5]	(982)	(1,239)
Other Liabilities [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[4],[5]	0	0
Other Assets [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[4],[5]		0
Nuclear Decommissioning Trust (NDT) Fund [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
NDT Fund Foreign Currency		32	1
Cash and foreign currency excluded from Fair Value		32	1
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Corporate Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Corporate Debt Obligations [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Corporate Debt Obligations [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	542	522
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Corporate Debt Obligations [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Corporate Debt Obligations [Member] \| Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	542	522
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Government Debt Securities [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Government Debt Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	422	398
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Government Debt Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Government Debt Securities [Member] \| Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	422	398
Nuclear Decommissioning Trust (NDT) Fund [Member] \| US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| US Treasury Securities [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| US Treasury Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	348	293
Nuclear Decommissioning Trust (NDT) Fund [Member] \| US Treasury Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| US Treasury Securities [Member] \| Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	348	293
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Equity Securities [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	1,455	1,310
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Equity Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Equity Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Nuclear Decommissioning Trust (NDT) Fund [Member] \| Equity Securities [Member] \| Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	1,455	1,310
Rabbi Trust [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	3
Rabbi Trust [Member] \| Total Estimate Of Fair Value [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	3
Rabbi Trust [Member] \| Corporate Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Rabbi Trust [Member] \| Corporate Debt Obligations [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Rabbi Trust [Member] \| Corporate Debt Obligations [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| Corporate Debt Obligations [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| Corporate Debt Obligations [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	69	70
Rabbi Trust [Member] \| Corporate Debt Obligations [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	13	12
Rabbi Trust [Member] \| Corporate Debt Obligations [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| Corporate Debt Obligations [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| Corporate Debt Obligations [Member] \| Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	69	70
Rabbi Trust [Member] \| Corporate Debt Obligations [Member] \| Total Estimate Of Fair Value [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	13	12
Rabbi Trust [Member] \| Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Rabbi Trust [Member] \| Government Debt Securities [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Rabbi Trust [Member] \| Government Debt Securities [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| Government Debt Securities [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| Government Debt Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	30	32
Rabbi Trust [Member] \| Government Debt Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	5	6
Rabbi Trust [Member] \| Government Debt Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| Government Debt Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| Government Debt Securities [Member] \| Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	30	32
Rabbi Trust [Member] \| Government Debt Securities [Member] \| Total Estimate Of Fair Value [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	5	6
Rabbi Trust [Member] \| US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Rabbi Trust [Member] \| US Treasury Securities [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Rabbi Trust [Member] \| US Treasury Securities [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| US Treasury Securities [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| US Treasury Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	57	59
Rabbi Trust [Member] \| US Treasury Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	11	11
Rabbi Trust [Member] \| US Treasury Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| US Treasury Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| US Treasury Securities [Member] \| Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	57	59
Rabbi Trust [Member] \| US Treasury Securities [Member] \| Total Estimate Of Fair Value [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	11	11
Rabbi Trust [Member] \| Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]	0	0
Rabbi Trust [Member] \| Equity Securities [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral netted against assets and liabilities	[5],[6]		0
Rabbi Trust [Member] \| Equity Securities [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	19	18
Rabbi Trust [Member] \| Equity Securities [Member] \| Quoted Market Prices of Identical Assets (Level 1) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]		3
Rabbi Trust [Member] \| Equity Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| Equity Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]		0
Rabbi Trust [Member] \| Equity Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	0	0
Rabbi Trust [Member] \| Equity Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]		0
Rabbi Trust [Member] \| Equity Securities [Member] \| Total Estimate Of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]	$ 19	18
Rabbi Trust [Member] \| Equity Securities [Member] \| Total Estimate Of Fair Value [Member] \| Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measured on Recurring Basis, Investments	[6]		$ 3

[1] Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of cash collateral. All cash collateral (received) posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of September 30, 2024 and December 31, 2023 , PSEG Power had net cash collateral (receipts) payments to counterparties of $ 116 million and $ 113 million, respectively. Of these net cash collateral (receipts) payments, $ 35 million and $ 22 million as of September 30, 2024 and December 31, 2023 , respectively, were netted against the corresponding net derivative contract positions. Of the $ 35 million as of September 30, 2024 , $( 31 ) million was netted against noncurrent assets and $ 66 million against current liabilities. Of the $ 22 million as of December 31, 2023 , $( 1 ) million was netted against current assets, $ 15 million against current liabilities and $ 8 million against noncurrent liabilities. Represents money market mutual funds. Level 1—These contracts represent natural gas futures contracts executed on an exchange, and are being valued solely on settled pricing inputs which come directly from the exchange. Level 2—Fair values for energy-related contracts are obtained primarily using a market-based approach. Most derivative contracts (forward purchase or sale contracts and swaps) are valued using settled prices from similar assets and liabilities from an exchange, such as NYMEX, ICE and Nodal Exchange, or auction prices. Prices used in the valuation process are also corroborated independently by management to determine that values are based on actual transaction data or, in the absence of transactions, bid and offers for the day. Examples may include certain exchange and non-exchange traded capacity and electricity contracts and natural gas physical or swap contracts based on market prices, basis adjustments and other premiums where adjustments and premiums are not considered significant to the overall inputs. Level 3—Unobservable inputs are used for the valuation of certain contracts. See “Additional Information Regarding Level 3 Measurements” for more information on the utilization of unobservable inputs. Interest rate derivatives are valued using quoted prices on commonly quoted intervals, which are interpolated for periods different than the quoted intervals, as inputs to a market valuation model. Market inputs can generally be verified and model selection does not involve significant management judgement. Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of collateral. See Note 11. Financial Risk Management Activities for additional detail. The fair value measurement table excludes cash and foreign currency of $ 32 million and $ 1 million in the NDT Fund as of September 30, 2024 and December 31, 2023, respectively. The NDT Fund maintains investments in various equity and fixed income securities. The Rabbi Trust maintains investments in a Russell 3000 index fund and various fixed income securities. These securities are generally valued with prices that are either exchange provided (equity securities) or market transactions for comparable securities and/or broker quotes (fixed income securities). Level 1—Investments in marketable equity securities within the NDT Fund are primarily investments in common stocks across a broad range of industries and sectors. Most equity securities are priced utilizing the principal market close price or, in some cases, midpoint, bid or ask price. Certain other equity securities in the NDT and Rabbi Trust Funds consist primarily of investments in money market funds which seek a high level of current income as is consistent with the preservation of capital and the maintenance of liquidity. To pursue its goals, the funds normally invest in diversified portfolios of high quality, short-term, dollar-denominated debt securities and government securities. The funds’ net asset value is priced and published daily. The Rabbi Trust’s Russell 3000 index fund is valued based on quoted prices in an active market and can be redeemed daily without restriction. Level 2—NDT and Rabbi Trust fixed income securities include investment grade corporate bonds, collateralized mortgage obligations, asset-backed securities and certain government and U.S. Treasury obligations or Federal Agency asset-backed securities and municipal bonds with a wide range of maturities. Since many fixed income securities do not trade on a daily basis, they are priced using an evaluated pricing methodology that varies by asset class and reflects observable market information such as the most recent exchange price or quoted bid for similar securities. Market-based standard inputs typically include benchmark yields, reported trades, broker/dealer quotes and issuer spreads. Certain short-term investments are valued using observable market prices or market parameters such as time-to-maturity, coupon rate, quality rating and current yield.

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Changes in Level 3 Assets and (Liabilities) Measured at Fair Value on a Recurring Basis (Detail) - Net Derivative Assets (Liabilities) [Member] $ in Millions	Sep. 30, 2024 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Opening Balance	$ (4)
Closing Balance	$ (1)

Fair Value Measurements- Additi

Fair Value Measurements- Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net assets measured at fair value on a recurring basis	$ 3,100		$ 2,500
Net Derivative Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	(1)		$ (4)
Nuclear Decommissioning Trust (NDT) Fund [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
NDT Fund Foreign Currency	$ 32	$ 1

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Fair Value of Debt (Detail) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-Term Debt, Carrying Amount		$ 21,360	$ 19,284
Long-Term Debt, Fair Value		20,463	17,950
Public Service Electric and Gas Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-Term Debt, Carrying Amount	[1]	15,245	13,663
Long-Term Debt, Fair Value	[1]	14,336	12,460
PSEG Power
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-Term Debt, Carrying Amount	[2]	1,250	1,250
Long-Term Debt, Fair Value	[2]	1,250	1,250
PSEG [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-Term Debt, Carrying Amount	[1]	4,865	4,371
Long-Term Debt, Fair Value	[1]	$ 4,877	$ 4,240

[1] Given that these bonds do not trade actively, the fair value amounts of taxable debt securities (primarily Level 2 measurements) are generally determined by a valuation model using market-based measurements that are processed through a rules-based pricing methodology. The fair value amounts above do not represent the price at which the outstanding debt may be called for redemption by each issuer under their respective debt agreements. Private term loan with book value approximating fair value (Level 2 measurement).

Net Other Income (Deductions) -

Net Other Income (Deductions) - Schedule of Net Other Income (Deductions) (Detail) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Component of Other Income (Deductions) [Line Items]
NDT Fund Interest and Dividends		$ 21	$ 16	$ 61	$ 50
Allowance for Funds Used During Construction		11	15	31	45
Solar Loan Interest		1	2	4	6
Other Interest		7	9	26	32
Other		(3)	(1)	(3)	(1)
Net Other Income (Deductions)		37	41	119	132
Public Service Electric and Gas Company [Member]
Component of Other Income (Deductions) [Line Items]
NDT Fund Interest and Dividends		0	0	0	0
Allowance for Funds Used During Construction		11	15	31	45
Solar Loan Interest		1	2	4	6
Other Interest		4	3	7	10
Other		2	1	8	4
Net Other Income (Deductions)		18	21	50	65
PSEG Power & Other
Component of Other Income (Deductions) [Line Items]
NDT Fund Interest and Dividends	[1]	21	16	61	50
Allowance for Funds Used During Construction	[1]	0	0	0	0
Solar Loan Interest	[1]	0	0	0	0
Other Interest	[1]	3	6	19	22
Other	[1]	(5)	(2)	(11)	(5)
Net Other Income (Deductions)	[1]	$ 19	$ 20	$ 69	$ 67

[1] PSEG Power & Other consists of activity at PSEG Power, Energy Holdings, PSEG LI, Services, PSEG (parent company) and intercompany eliminations.

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Tax Rates (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Taxes [Line Items]
Pre-Tax Income	$ 559	$ 65	$ 1,625	$ 2,394
Tax Computed at Statutory Rate @ 21% Increase (Decrease) Attributable to:	117	14	341	503
State Income Taxes (net of federal income tax)	38	(1)	112	157
NDT Fund	11	(3)	26	11
Uncertain Tax Positions	1	1	3	(6)
Tax Credits	(90)	(2)	(195)	(7)
Leasing Activities	0	0	0	(17)
GPRC-CEF-EE	(16)	(13)	(44)	(36)
Estimated Annual Effective Tax Rate Interim Period Adjustment	14	9	1	(7)
TAC	(33)	(62)	(100)	(188)
Other	(3)	(17)	(5)	(33)
Subtotal	(78)	(88)	(202)	(126)
Total Income Tax Expense	$ 39	(74)	$ 139	$ 377
Effective Income Tax Rate	7%		8.60%	15.70%
Public Service Electric and Gas Company [Member]
Income Taxes [Line Items]
Pre-Tax Income	$ 469	454	$ 1,410	$ 1,365
Tax Computed at Statutory Rate @ 21% Increase (Decrease) Attributable to:	98	95	296	287
State Income Taxes (net of federal income tax)	32	33	99	100
Uncertain Tax Positions	0	0	0	(5)
Tax Credits	(2)	(2)	(6)	(7)
GPRC-CEF-EE	(16)	(13)	(44)	(36)
TAC	(33)	(62)	(100)	(188)
Bad Debt Flow-Through	(3)	(2)	(9)	(9)
Other	14	4	5	(1)
Subtotal	(8)	(42)	(55)	(146)
Total Income Tax Expense	$ 90	$ 53	$ 241	$ 141
Effective Income Tax Rate	19.20%	11.70%	17.10%	10.30%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details)	9 Months Ended
Income Taxes - Additional Information (Details)	Sep. 30, 2024
Income Taxes [Line Items]
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	21%
Public Service Electric and Gas Company [Member]
Income Taxes [Line Items]
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	21%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss), Net of Tax - Schedule of Changes in Accumulated Other Comprehensive Income by Component (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance	$ (173)	$ (515)	$ (179)	$ (550)	$ (550)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	32	59	35	77
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(1)	243	2	260
Other Comprehensive Income (Loss), net of tax	31	302	37	337
Accumulated Other Comprehensive Income (Loss), Ending Balance	(142)	(213)	(142)	(213)	(179)
Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance	20	7	3	(3)	(3)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(5)	13	17	23	9
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(3)	(2)	(8)	(2)	(3)
Other Comprehensive Income (Loss), net of tax	(8)	11	9	21
Accumulated Other Comprehensive Income (Loss), Ending Balance	12	18	12	18	3
Pension and OPEB Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance	(98)	(419)	(102)	(426)	(426)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	0	82	0	82
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	2	240	6	247
Other Comprehensive Income (Loss), net of tax	2	322	6	329
Accumulated Other Comprehensive Income (Loss), Ending Balance	(96)	(97)	(96)	(97)	(102)
Available-for-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance	(95)	(103)	(80)	(121)	(121)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	37	(36)	18	(28)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	0	5	4	15
Other Comprehensive Income (Loss), net of tax	37	(31)	22	(13)
Accumulated Other Comprehensive Income (Loss), Ending Balance	$ (58)	$ (134)	$ (58)	$ (134)	$ (80)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss), Net of Tax - Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Pension Lift Out Settlement Charge		$ (332)
Pension Lift Out Settlement Charge, net of tax		(239)			$ (239)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	$ 1	(338)		$ (3)	(365)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Tax	0	95		1	105
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	1	(243)		(2)	(260)
Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cash Flow Hedge, Pre-tax	4	3		11	3
Cash Flow Hedge, Tax	(1)	(1)		(3)	(1)
Cash Flow Hedge, After Tax	3	2		8	2
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax				11		$ 5
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	3	2		8	2	$ 3
Pension and OPEB Plans [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Reclassification Adjustment from AOCI, Pension and OPEB, Pre-Tax		(333)			(343)
Reclassification Adjustment from AOCI, Pension and OPEB, Tax		93			96
Reclassification Adjustment from AOCI, Pension and OPEB, After-Tax		(240)			(247)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	3		$ 8
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(2)	(240)		(6)	(247)
Reclassification from AOCI, Current Period, Tax	1			2
Available-for-Sale Securities [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Reclassification for Available for Sale Securities, Pre-Tax	0	(8)		(6)	(25)
Reclassification for Available for Sale Securities, Tax	0	3		2	10
Reclassification for Available for Sale Securities, After-Tax	0	(5)		(4)	(15)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	0	(5)		(4)	(15)
Interest Expense [Member] \| Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cash Flow Hedge, Pre-tax	4	3		11	3
Cash Flow Hedge, Tax	(1)	(1)		(3)	(1)
Cash Flow Hedge, After Tax	3	2		8	2
Non-Operating Pension and OPEB Credits (Costs) [Member] \| Pension and OPEB Plans [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Amortization of Prior Service (Cost) Credit, Pre-Tax	(1)	2		(1)	6
Amortization of Prior Service (Cost) Credit, Tax	0	(1)		0	(2)
Amortization of Prior Service (Cost) Credit, After-Tax	(1)	1		(1)	4
Amortization of Actuarial Loss, Pre-Tax	(2)	(3)		(7)	(17)
Amortization of Actuarial Loss, Tax	1	1		2	5
Amortization of Actuarial Loss, After-Tax	(1)	(2)		(5)	(12)
Pension Lift Out Settlement Charge		(332)			(332)
Pension Settlement Charge, tax		93			93
Pension Lift Out Settlement Charge, net of tax		(239)			(239)
Net Gains (Losses) on Trust Investments [Member] \| Available-for-Sale Securities [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Reclassification for Available for Sale Securities, Pre-Tax	0	(8)		(6)	(25)
Reclassification for Available for Sale Securities, Tax	0	3		2	10
Reclassification for Available for Sale Securities, After-Tax	$ 0	$ (5)		$ (4)	$ (15)

Earnings Per Share (EPS) and _3

Earnings Per Share (EPS) and Dividends - Schedule of Basic and Diluted Earnings Per Share Computation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Income (Loss)	[1]	$ 520	$ 139	$ 1,486	$ 2,017
Weighted Average Common Shares Outstanding, Basic (shares)		498	498	498	497
Effect of Stock Based Compensation Awards, Basic (shares)		0	0	0	0
Total Shares, Basic (shares)		498	498	498	497
Net Income, Basic (dollars per share)		$ 1.04	$ 0.28	$ 2.98	$ 4.06
Weighted Average Common Shares Outstanding, Diluted (shares)		498	498	498	497
Effect of Stock Based Compensation Awards, Diluted (shares)		2	2	2	3
Total Shares, Diluted (shares)		500	500	500	500
Net Income, Diluted (dollars per share)		$ 1.04	$ 0.27	$ 2.97	$ 4.03

[1] Includes net after-tax gains (losses) of $ 17 million and $( 17 ) million for the three months and $( 55 ) million and $ 750 million for the nine months ended September 30, 2024 and 2023 , respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.

Earnings Per Share (EPS) and _4

Earnings Per Share (EPS) and Dividends - Schedule of Dividend Payments on Common Stock (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Common Stock, Cash Dividends, Per Share	$ 0.6	$ 0.57	$ 1.8	$ 1.71
Dividend Payments on Common Stock	$ 299	$ 284	$ 897	$ 853

Financial Information By Busi_3

Financial Information By Business Segments - Financial Information By Business Segments (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Operating Revenues		$ 2,642,000,000	$ 2,456,000,000	$ 7,825,000,000	$ 8,632,000,000
NET INCOME	[1]	520,000,000	139,000,000	1,486,000,000	2,017,000,000
Gross Addition to Long-Lived Assets		768,000,000	916,000,000	2,402,000,000	2,360,000,000
Total Assets		54,080,000,000		54,080,000,000		$ 50,741,000,000
Investments in Equity Method Subsidiaries		22,000,000		22,000,000		17,000,000
Operating Segments [Member] \| Public Service Electric and Gas Company [Member]
Segment Reporting Information [Line Items]
Operating Revenues		2,139,000,000	1,999,000,000	6,335,000,000	5,954,000,000
NET INCOME	[1]	379,000,000	401,000,000	1,169,000,000	1,224,000,000
Gross Addition to Long-Lived Assets		672,000,000	813,000,000	2,157,000,000	2,149,000,000
Total Assets		45,784,000,000		45,784,000,000		42,873,000,000
Investments in Equity Method Subsidiaries		0		0		0
Operating Segments [Member] \| PSEG Power & Other [Member]
Segment Reporting Information [Line Items]
Operating Revenues	[2]	583,000,000	546,000,000	2,140,000,000	3,475,000,000
NET INCOME	[1]	141,000,000	(262,000,000)	317,000,000	793,000,000
Gross Addition to Long-Lived Assets		96,000,000	103,000,000	245,000,000	211,000,000
Total Assets		8,550,000,000		8,550,000,000		8,407,000,000
Investments in Equity Method Subsidiaries		22,000,000		22,000,000		17,000,000
Eliminations [Member]
Segment Reporting Information [Line Items]
Operating Revenues	[3]	(80,000,000)	(89,000,000)	(650,000,000)	(797,000,000)
NET INCOME	[1],[3]	0	0	0	0
Gross Addition to Long-Lived Assets	[3]	0	$ 0	0	$ 0
Total Assets	[3]	(254,000,000)		(254,000,000)		(539,000,000)
Investments in Equity Method Subsidiaries	[3]	$ 0		$ 0		$ 0

[1] Includes net after-tax gains (losses) of $ 17 million and $( 17 ) million for the three months and $( 55 ) million and $ 750 million for the nine months ended September 30, 2024 and 2023 , respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates. Includes revenues applicable to PSEG Power, PSEG LI and Energy Holdings. Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 18. Related-Party Transactions.

Financial Information By Busi_4

Financial Information By Business Segments - Financial Information By Business Segments (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Pension lift out settlement charge, net of tax		$ 239		$ 239
Operating Segments [Member] \| PSEG Power & Other [Member]
Segment Reporting Information [Line Items]
Non trading commodity mark to market gains (losses), net of tax	$ 17	$ (17)	$ (55)	$ 750

Related-Party Transactions - Sc

Related-Party Transactions - Schedule of Related Party Transactions, Revenue (Details) - Public Service Electric and Gas Company [Member] - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Related Party Transaction [Line Items]
Net Billings from Power primarily through BGS and BGSS	[1]	$ 78	$ 86	$ 645	$ 761
Administrative Billings from Services	[2]	122	93	375	313
Total Billings from Affiliates		$ 200	$ 179	$ 1,020	$ 1,074

[1] PSE&G has entered into a requirements contract with PSEG Power under which PSEG Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. In addition, PSEG Power sells ZECs to PSE&G from its nuclear units under the ZEC program as approved by the BPU. The rates in the BGSS contract and for the ZEC sales are prescribed by the BPU. BGSS sales are billed and settled on a monthly basis. ZEC sales are billed on a monthly basis and settled annually following completion of each energy year. In addition, PSEG Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules. Services provides and bills administrative services to PSE&G at cost. In addition, PSE&G has other payables to Services, including amounts related to certain common costs, which Services pays on behalf of PSE&G.

Related-Party Transactions - _2

Related-Party Transactions - Schedule of Related Party Transactions, Payables (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Accounts Payable		$ 1,121	$ 1,214
Accounts Receivable, net of allowance		1,451	1,482
Public Service Electric and Gas Company [Member]
Related Party Transaction [Line Items]
Working Capital Advances to Services	[1]	33	33
Public Service Electric and Gas Company [Member] \| PSEG Power [Member]
Related Party Transaction [Line Items]
Accounts Payable	[2]	76	264
Public Service Electric and Gas Company [Member] \| PSEG Parent
Related Party Transaction [Line Items]
Accounts Payable	[3]	51	119
Public Service Electric and Gas Company [Member] \| PSEG Services
Related Party Transaction [Line Items]
Accounts Payable	[4]	94	121
Public Service Electric and Gas Company [Member] \| Related Party
Related Party Transaction [Line Items]
Long Term Accrued Taxes Receivable		0
Accounts Payable		$ 221	504
Long Term Accrued Taxes Payable			$ (2)

[1] PSE&G has advanced working capital to Services. The amount is included in Other Noncurrent Assets on PSE&G’s Condensed Consolidated Balance Sheets. PSE&G has entered into a requirements contract with PSEG Power under which PSEG Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. In addition, PSEG Power sells ZECs to PSE&G from its nuclear units under the ZEC program as approved by the BPU. The rates in the BGSS contract and for the ZEC sales are prescribed by the BPU. BGSS sales are billed and settled on a monthly basis. ZEC sales are billed on a monthly basis and settled annually following completion of each energy year. In addition, PSEG Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules. PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a separate return basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are NOLs and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits. In addition, PSEG pays net wages and payroll taxes and receives reimbursement from its affiliated companies for their respective portions. Services provides and bills administrative services to PSE&G at cost. In addition, PSE&G has other payables to Services, including amounts related to certain common costs, which Services pays on behalf of PSE&G.