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Financial Information By Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Financial Information By Business Segments |
|  |  | PSE&G |  | PSEG Power & Other |  |  |  | Eliminations (A) |  | Consolidated Total |
|  |  | Millions |
| Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
| Operating Revenues |  | $ | 7,807 |  |  | $ | 4,533 |  |  |  |  | $ | (1,103) |  |  | $ | 11,237 |  |
| Depreciation and Amortization |  | 980 |  |  | 155 |  |  |  |  | — |  |  | 1,135 |  |
| Operating Income (Loss) |  | 1,974 |  |  | 1,711 |  |  |  |  | — |  |  | 3,685 |  |
| Income from Equity Method Investments |  | — |  |  | 1 |  |  |  |  | — |  |  | 1 |  |
| Interest Income |  | 19 |  |  | 38 |  |  |  |  | (4) |  |  | 53 |  |
| Interest Expense |  | 493 |  |  | 259 |  |  |  |  | (4) |  |  | 748 |  |
| Income (Loss) before Income Taxes |  | 1,675 |  |  | 1,406 |  |  |  |  | — |  |  | 3,081 |  |
| Income Tax Expense (Benefit) |  | 160 |  |  | 358 |  |  |  |  | — |  |  | 518 |  |
| Net Income (Loss) (B) (C) |  | $ | 1,515 |  |  | $ | 1,048 |  |  |  |  | $ | — |  |  | $ | 2,563 |  |
| Gross Additions to Long-Lived Assets |  | $ | 2,998 |  |  | $ | 327 |  |  |  |  | $ | — |  |  | $ | 3,325 |  |
| As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
| Total Assets |  | $ | 42,873 |  |  | $ | 8,407 |  |  |  |  | $ | (539) |  |  | $ | 50,741 |  |
| Investments in Equity Method Subsidiaries |  | $ | — |  |  | $ | 17 |  |  |  |  | $ | — |  |  | $ | 17 |  |
|  |  | PSE&G |  | PSEG Power & Other |  |  |  | Eliminations (A) |  | Consolidated Total |
|  |  | Millions |
| Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
| Operating Revenues |  | $ | 7,935 |  |  | $ | 3,266 |  |  |  |  | $ | (1,401) |  |  | $ | 9,800 |  |
| Depreciation and Amortization |  | 935 |  |  | 165 |  |  |  |  | — |  |  | 1,100 |  |
| Operating Income (Loss) |  | 1,892 |  |  | (511) |  |  |  |  | — |  |  | 1,381 |  |
| Income from Equity Method Investments |  | — |  |  | 14 |  |  |  |  | — |  |  | 14 |  |
| Interest Income |  | 19 |  |  | 13 |  |  |  |  | (1) |  |  | 31 |  |
| Interest Expense |  | 427 |  |  | 202 |  |  |  |  | (1) |  |  | 628 |  |
| Income (Loss) before Income Taxes |  | 1,832 |  |  | (830) |  |  |  |  | — |  |  | 1,002 |  |
| Income Tax Expense (Benefit) |  | 267 |  |  | (296) |  |  |  |  | — |  |  | (29) |  |
| Net Income (Loss) (B) (C) |  | $ | 1,565 |  |  | $ | (534) |  |  |  |  | $ | — |  |  | $ | 1,031 |  |
| Gross Additions to Long-Lived Assets |  | $ | 2,590 |  |  | $ | 298 |  |  |  |  | $ | — |  |  | $ | 2,888 |  |
| As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
| Total Assets |  | $ | 39,960 |  |  | $ | 9,285 |  |  |  |  | $ | (527) |  |  | $ | 48,718 |  |
| Investments in Equity Method Subsidiaries |  | $ | — |  |  | $ | 306 |  |  |  |  | $ | — |  |  | $ | 306 |  |
|  |  | PSE&G |  | PSEG Power & Other |  |  |  | Eliminations (A) |  | Consolidated Total |
|  |  | Millions |
| Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
| Operating Revenues |  | $ | 7,122 |  |  | $ | 3,767 |  |  |  |  | $ | (1,167) |  |  | $ | 9,722 |  |
| Depreciation and Amortization |  | 928 |  |  | 288 |  |  |  |  | — |  |  | 1,216 |  |
| Operating Income (Loss) |  | 1,818 |  |  | (2,674) |  |  |  |  | — |  |  | (856) |  |
| Income from Equity Method Investments |  | — |  |  | 16 |  |  |  |  | — |  |  | 16 |  |
| Interest Income |  | 14 |  |  | 6 |  |  |  |  | — |  |  | 20 |  |
| Interest Expense |  | 402 |  |  | 169 |  |  |  |  | — |  |  | 571 |  |
| Income (Loss) before Income Taxes |  | 1,770 |  |  | (2,859) |  |  |  |  | — |  |  | (1,089) |  |
| Income Tax Expense (Benefit) |  | 324 |  |  | (765) |  |  |  |  | — |  |  | (441) |  |
| Net Income (Loss) (B) (C) |  | $ | 1,446 |  |  | $ | (2,094) |  |  |  |  | $ | — |  |  | $ | (648) |  |
| Gross Additions to Long-Lived Assets |  | $ | 2,447 |  |  | $ | 272 |  |  |  |  | $ | — |  |  | $ | 2,719 |  |
| As of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
| Total Assets |  | $ | 37,198 |  |  | $ | 12,258 |  |  |  |  | $ | (457) |  |  | $ | 48,999 |  |
| Investments in Equity Method Subsidiaries |  | $ | — |  |  | $ | 173 |  |  |  |  | $ | — |  |  | $ | 173 |  |
(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 24. Related-Party Transactions. (B)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 in the third quarter of 2023. Includes after-tax impairments of $92 million related to certain Energy Holdings investments and additional adjustments related to the sale of PSEG Power’s fossil generation assets in the year ended December 31, 2022. 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. See Note 3. Asset Dispositions and Impairments for additional information. (C)Includes net after-tax gain (loss) of $959 million, $(457) million and $(446) million in the years ended December 31, 2023, 2022 and 2021, respectively 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.

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