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Leases | 3 Months Ended
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Mar. 31, 2023
Leases | Leases PSEG and its subsidiaries are both a lessor and a lessee in operating leases. As of March 31, 2023, PSEG and its subsidiaries were lessors for leases classified as operating leases or leveraged leases. See Note 7. Financing Receivables. There was no significant change in amounts reported in Note 8. Leases in the Annual Report on Form 10-K for the year ended December 31, 2022 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. PSEG Nuclear, LLC, 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 7. Financing Receivables. Energy Holdings is the lessor in an operating lease for a domestic energy generation facility with remaining terms through 2036, and in real estate assets with remaining terms through 2049. As of March 31, 2023, Energy Holdings’ property subject to these leases had a total carrying value of $30 million. In March 2023, Energy Holdings completed the sale of one of its domestic energy generating facilities and recorded an immaterial pre-tax gain. The following is the operating lease income for the three months ended March 31, 2023 and 2022:
|  |  | Three Months Ended March 31, |  |
|  |  | 2023 |  | 2022 |  |
|  |  | Millions |  |
| Fixed Lease Income |  | $ | 6 |  |  | $ | 8 |  |  |
| Total Operating Lease Income |  | $ | 6 |  |  | $ | 8 |  |  |
Public Service Electric and Gas Company [Member] |
Leases | Leases PSEG and its subsidiaries are both a lessor and a lessee in operating leases. As of March 31, 2023, PSEG and its subsidiaries were lessors for leases classified as operating leases or leveraged leases. See Note 7. Financing Receivables. There was no significant change in amounts reported in Note 8. Leases in the Annual Report on Form 10-K for the year ended December 31, 2022 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. PSEG Nuclear, LLC, 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 7. Financing Receivables. Energy Holdings is the lessor in an operating lease for a domestic energy generation facility with remaining terms through 2036, and in real estate assets with remaining terms through 2049. As of March 31, 2023, Energy Holdings’ property subject to these leases had a total carrying value of $30 million. In March 2023, Energy Holdings completed the sale of one of its domestic energy generating facilities and recorded an immaterial pre-tax gain. The following is the operating lease income for the three months ended March 31, 2023 and 2022:
|  |  | Three Months Ended March 31, |  |
|  |  | 2023 |  | 2022 |  |
|  |  | Millions |  |
| Fixed Lease Income |  | $ | 6 |  |  | $ | 8 |  |  |
| Total Operating Lease Income |  | $ | 6 |  |  | $ | 8 |  |  |

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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=77888252 + Details
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- Details
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