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Leases | 3 Months Ended
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Mar. 31, 2024
Leases | Leases PSEG and its subsidiaries are both a lessor and a lessee in operating leases. As of March 31, 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 March 31, 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 ended March 31, 2024 and 2023:
|  |  |  |  | Three Months Ended March 31, |  |
|  |  |  |  |  |  | 2024 |  | 2023 |  |
|  |  |  |  |  | Millions |  |
| Fixed Lease Income |  |  |  |  |  | $ | 3 |  |  | $ | 6 |  |  |
| Total Operating Lease Income |  |  |  |  |  | $ | 3 |  |  | $ | 6 |  |  |
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, 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 March 31, 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 ended March 31, 2024 and 2023:
|  |  |  |  | Three Months Ended March 31, |  |
|  |  |  |  |  |  | 2024 |  | 2023 |  |
|  |  |  |  |  | Millions |  |
| Fixed Lease Income |  |  |  |  |  | $ | 3 |  |  | $ | 6 |  |  |
| Total Operating Lease Income |  |  |  |  |  | $ | 3 |  |  | $ | 6 |  |  |

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