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Financing Receivables (Tables) | 6 Months Ended
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Jun. 30, 2024
Public Service Electric and Gas Company [Member] |
Schedule of Financial Receivables [Line Items] |
Schedule Of Credit Risk Profile Based On Payment Activity |
|  |  | As of |
| Outstanding Loans by Class of Customers |  | June 30, 2024 |  | December 31, 2023 |
|  |  | Millions |
| Commercial/Industrial |  | $ | 50 |  |  | $ | 60 |  |
| Residential |  | 2 |  |  | 3 |  |
| Total |  | 52 |  |  | 63 |  |
| Current Portion (included in Accounts Receivable) |  | (20) |  |  | (23) |  |
| Noncurrent Portion (included in Long-Term Investments) |  | $ | 32 |  |  | $ | 40 |  |
The solar loans originated under three Solar Loan Programs are comprised as follows:
| Programs |  | Balance as of June 30, 2024 |  | Funding Provided |  | Residential Loan Term |  | Non-Residential Loan Term |
|  |  | Millions |  |  |  |  |  |  |
| Solar Loan I |  | $ | 3 |  |  | prior to 2013 |  | 10 years |  | 15 years |
| Solar Loan II |  | 25 |  |  | prior to 2015 |  | 10 years |  | 15 years |
| Solar Loan III |  | 24 |  |  | prior to 2022 |  | 10 years |  | 10 years |
| Total |  | $ | 52 |  |  |  |  |  |  |  |
The average life of loans paid in full is eight years, which is lower than the loan terms of 10 to 15 years due to the generation of SRECs being greater than expected and/or cash payments made to the loan. Payments on all outstanding loans were current as of June 30, 2024 and have an average remaining life of approximately two years. There are no remaining residential loans outstanding under the Solar Loan I program.
Energy Holdings [Member] |
Schedule of Financial Receivables [Line Items] |
Schedule Of Gross And Net Lease Investment | The following table shows Energy Holdings’ gross and net lease investments as of June 30, 2024 and December 31, 2023.
|  | As of |
|  | June 30, 2024 |  | December 31, 2023 |
|  | Millions |
| Lease Receivables (net of Non-Recourse Debt) | $ | 200 |  |  | $ | 223 |  |
| Unearned and Deferred Income | (56) |  |  | (62) |  |
| Gross Investments in Leases | 144 |  |  | 161 |  |
| Deferred Tax Liabilities | (32) |  |  | (36) |  |
| Net Investments in Leases | $ | 112 |  |  | $ | 125 |  |
Schedule Of Lease Receivables, Net Of Nonrecourse Debt, Associated With Leveraged Lease Portfolio Based On Counterparty Credit Rating | The corresponding receivables associated with the lease portfolio are reflected as follows, net of non-recourse debt. The ratings in the table represent the ratings of the entities providing payment assurance to Energy Holdings.
|  |  | Lease Receivables, Net of Non-Recourse Debt |  |  |
| Counterparties' Standard & Poor's (S&P) Credit Rating as of June 30, 2024 |  |  |  |  |
|  | As of June 30, 2024 |  |  |
|  |  | Millions |  |  |
| AA |  | $ | 7 |  |  |  |
| A- |  | 39 |  |  |  |
| BBB+ |  | 154 |  |  |  |
| Total |  | $ | 200 |  |  |  |

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