XML 82 R60.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Financial Information By Business Segments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Segment Reporting [Abstract] |
Financial Information By Business Segments |
|  |  | PSE&G |  | PSEG Power |  | Other (A) |  | Eliminations (B) |  | Consolidated Total |
|  |  | Millions |
| Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
| Operating Revenues |  | $ | 7,122 |  |  | $ | 3,147 |  |  | $ | 620 |  |  | $ | (1,167) |  |  | $ | 9,722 |  |
| Depreciation and Amortization |  | 928 |  |  | 256 |  |  | 32 |  |  | — |  |  | 1,216 |  |
| Operating Income (Loss) |  | 1,818 |  |  | (2,711) |  |  | 37 |  |  | — |  |  | (856) |  |
| Income from Equity Method Investments |  | — |  |  | 16 |  |  | — |  |  | — |  |  | 16 |  |
| Interest Income |  | 14 |  |  | 2 |  |  | 8 |  |  | (4) |  |  | 20 |  |
| Interest Expense |  | 402 |  |  | 78 |  |  | 95 |  |  | (4) |  |  | 571 |  |
| Income (Loss) before Income Taxes |  | 1,770 |  |  | (2,808) |  |  | (51) |  |  | — |  |  | (1,089) |  |
| Income Tax Expense (Benefit) |  | 324 |  |  | (752) |  |  | (13) |  |  | — |  |  | (441) |  |
| Net Income (Loss) (C) (D) |  | $ | 1,446 |  |  | $ | (2,056) |  |  | $ | (38) |  |  | $ | — |  |  | $ | (648) |  |
| Gross Additions to Long-Lived Assets |  | $ | 2,447 |  |  | $ | 259 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 2,719 |  |
| As of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
| Total Assets |  | $ | 37,198 |  |  | $ | 9,777 |  |  | $ | 5,150 |  |  | $ | (3,126) |  |  | $ | 48,999 |  |
| Investments in Equity Method Subsidiaries |  | $ | — |  |  | $ | 62 |  |  | $ | 111 |  |  | $ | — |  |  | $ | 173 |  |
|  |  | PSE&G |  | PSEG Power |  | Other (A) |  | Eliminations (B) |  | Consolidated Total |
|  |  | Millions |
| Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
| Operating Revenues |  | $ | 6,608 |  |  | $ | 3,634 |  |  | $ | 595 |  |  | $ | (1,234) |  |  | $ | 9,603 |  |
| Depreciation and Amortization |  | 887 |  |  | 368 |  |  | 30 |  |  | — |  |  | 1,285 |  |
| Operating Income (Loss) |  | 1,639 |  |  | 603 |  |  | 28 |  |  | — |  |  | 2,270 |  |
| Income from Equity Method Investments |  | — |  |  | 14 |  |  | — |  |  | — |  |  | 14 |  |
| Interest Income |  | 17 |  |  | 6 |  |  | 5 |  |  | (3) |  |  | 25 |  |
| Interest Expense |  | 388 |  |  | 121 |  |  | 94 |  |  | (3) |  |  | 600 |  |
| Income (Loss) before Income Taxes |  | 1,567 |  |  | 782 |  |  | (48) |  |  | — |  |  | 2,301 |  |
| Income Tax Expense (Benefit) |  | 240 |  |  | 188 |  |  | (32) |  |  | — |  |  | 396 |  |
| Net Income (Loss) (C) (D) |  | $ | 1,327 |  |  | $ | 594 |  |  | $ | (16) |  |  | $ | — |  |  | $ | 1,905 |  |
| Gross Additions to Long-Lived Assets |  | $ | 2,507 |  |  | $ | 404 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 2,923 |  |
| As of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
| Total Assets |  | $ | 35,581 |  |  | $ | 12,704 |  |  | $ | 2,692 |  |  | $ | (927) |  |  | $ | 50,050 |  |
| Investments in Equity Method Subsidiaries |  | $ | — |  |  | $ | 64 |  |  | $ | — |  |  | $ | — |  |  | $ | 64 |  |
|  |  | PSE&G |  | PSEG Power |  | Other (A) |  | Eliminations (B) |  | Consolidated Total |
|  |  | Millions |
| Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
| Operating Revenues |  | $ | 6,625 |  |  | $ | 4,385 |  |  | $ | 549 |  |  | $ | (1,483) |  |  | $ | 10,076 |  |
| Depreciation and Amortization |  | 837 |  |  | 377 |  |  | 34 |  |  | — |  |  | 1,248 |  |
| Operating Income (Loss) |  | 1,469 |  |  | 448 |  |  | 26 |  |  | — |  |  | 1,943 |  |
| Income from Equity Method Investments |  | — |  |  | 14 |  |  | — |  |  | — |  |  | 14 |  |
| Interest Income |  | 18 |  |  | 7 |  |  | 6 |  |  | (5) |  |  | 26 |  |
| Interest Expense |  | 361 |  |  | 119 |  |  | 94 |  |  | (5) |  |  | 569 |  |
| Income (Loss) before Income Taxes |  | 1,343 |  |  | 671 |  |  | (64) |  |  | — |  |  | 1,950 |  |
| Income Tax Expense (Benefit) |  | 93 |  |  | 203 |  |  | (39) |  |  | — |  |  | 257 |  |
| Net Income (Loss) (C) (D) |  | $ | 1,250 |  |  | $ | 468 |  |  | $ | (25) |  |  | $ | — |  |  | $ | 1,693 |  |
| Gross Additions to Long-Lived Assets |  | $ | 2,542 |  |  | $ | 607 |  |  | $ | 17 |  |  | $ | — |  |  | $ | 3,166 |  |
| As of December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
| Total Assets |  | $ | 33,266 |  |  | $ | 12,805 |  |  | $ | 2,715 |  |  | $ | (1,056) |  |  | $ | 47,730 |  |
| Investments in Equity Method Subsidiaries |  | $ | — |  |  | $ | 66 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 67 |  |
(A)Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent corporation) and Services. (B)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 26. Related-Party Transactions. (C)Includes after-tax impairment losses and other charges, including debt extinguishment costs, related to the sale of the fossil generating assets at PSEG Power of $2,158 million in the year ended December 31, 2021. Includes an after-tax gain of $86 million in the year ended December 31, 2020 related to the sale of PSEG Power’s interest in the Yards Creek generation facility and an after-tax loss of $286 million in the year ended December 31, 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants. See Note 4. Early Plant Retirements/Asset Dispositions and Impairments for additional information. (D)Includes net after-tax losses of $446 million and $58 million in the years ended December 31, 2021 and 2020 and a net after-tax gain of $205 million in the year ended December 31, 2019 at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consists of the financial impact from positions with future delivery dates.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration