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Income Taxes (Tables) | 6 Months Ended
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Jun. 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 |  | Six Months Ended |
| PSEG |  | June 30, |  | June 30, |
|  |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
|  |  | Millions |
| Pre-Tax Income |  | $ | 437 |  |  | $ | 744 |  |  | $ | 1,066 |  |  | $ | 2,329 |  |
| Tax Computed at Statutory Rate @ 21% |  | $ | 92 |  |  | $ | 156 |  |  | $ | 224 |  |  | $ | 489 |  |
| Increase (Decrease) Attributable to: |  |  |  |  |  |  |  |  |
| State Income Taxes (net of federal income tax) |  | 34 |  |  | 50 |  |  | 74 |  |  | 158 |  |
| NDT Fund |  | 3 |  |  | 7 |  |  | 15 |  |  | 13 |  |
| Uncertain Tax Positions |  | 1 |  |  | (1) |  |  | 2 |  |  | (7) |  |
| Leasing Activities |  | — |  |  | — |  |  | — |  |  | (17) |  |
| GPRC-CEF-EE |  | (13) |  |  | (8) |  |  | (28) |  |  | (24) |  |
| Tax Credits |  | (104) |  |  | (3) |  |  | (106) |  |  | (5) |  |
| Estimated Annual Effective Tax Rate Interim Period Adjustment |  | 5 |  |  | 7 |  |  | (12) |  |  | (16) |  |
| TAC |  | (24) |  |  | (51) |  |  | (67) |  |  | (126) |  |
| Other |  | 9 |  |  | (4) |  |  | (2) |  |  | (14) |  |
| Subtotal |  | (89) |  |  | (3) |  |  | (124) |  |  | (38) |  |
| Total Income Tax Expense |  | $ | 3 |  |  | $ | 153 |  |  | $ | 100 |  |  | $ | 451 |  |
| Effective Income Tax Rate |  | 0.7 | % |  | 20.6 | % |  | 9.4 | % |  | 19.4 | % |
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 |  | Six Months Ended |
| PSE&G |  | June 30, |  | June 30, |
|  |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
|  |  | Millions |
| Pre-Tax Income |  | $ | 361 |  |  | $ | 370 |  |  | $ | 941 |  |  | $ | 911 |  |
| Tax Computed at Statutory Rate @ 21% |  | $ | 76 |  |  | $ | 78 |  |  | $ | 198 |  |  | $ | 191 |  |
| Increase (Decrease) Attributable to: |  |  |  |  |  |  |  |  |
| State Income Taxes (net of federal income tax) |  | 25 |  |  | 30 |  |  | 66 |  |  | 68 |  |
| Uncertain Tax Positions |  | — |  |  | (6) |  |  | — |  |  | (6) |  |
| Tax Credits |  | (2) |  |  | (3) |  |  | (4) |  |  | (5) |  |
| GPRC-CEF-EE |  | (13) |  |  | (8) |  |  | (28) |  |  | (24) |  |
| TAC |  | (24) |  |  | (51) |  |  | (67) |  |  | (126) |  |
| Bad Debt Flow-Through |  | (4) |  |  | (5) |  |  | (6) |  |  | (7) |  |
| Other |  | 1 |  |  | (1) |  |  | (8) |  |  | (3) |  |
| Subtotal |  | (17) |  |  | (44) |  |  | (47) |  |  | (103) |  |
| Total Income Tax Expense |  | $ | 59 |  |  | $ | 34 |  |  | $ | 151 |  |  | $ | 88 |  |
| Effective Income Tax Rate |  | 16.3 | % |  | 9.2 | % |  | 16.0 | % |  | 9.7 | % |

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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