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Financial Risk Management Activities (Tables) | 6 Months Ended
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Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items] |
Schedule Of Derivative Instruments Fair Value In Balance Sheets |
|  |  | As of June 30, 2024 |
|  |  | PSEG |  | PSEG Power |  | Consolidated |
|  |  | Cash Flow Hedges |  | Not Designated |  |  |  |  |  |  |
| Balance Sheet Location |  | Interest Rate Derivatives |  | Energy- Related Contracts |  | Netting (A) |  | Total PSEG Power |  | Total Derivatives |
|  |  | Millions |
| Derivative Contracts |  |  |  |  |  |  |  |  |  |  |
| Current Assets |  | $ | 7 |  |  | $ | 631 |  |  | $ | (589) |  |  | $ | 42 |  |  | $ | 49 |  |
| Noncurrent Assets |  | — |  |  | 574 |  |  | (544) |  |  | 30 |  |  | 30 |  |
| Total Mark-to-Market Derivative Assets |  | $ | 7 |  |  | $ | 1,205 |  |  | $ | (1,133) |  |  | $ | 72 |  |  | $ | 79 |  |
| Derivative Contracts |  |  |  |  |  |  |  |  |  |  |
| Current Liabilities |  | $ | — |  |  | $ | (701) |  |  | $ | 670 |  |  | $ | (31) |  |  | $ | (31) |  |
| Noncurrent Liabilities |  | — |  |  | (524) |  |  | 520 |  |  | (4) |  |  | (4) |  |
| Total Mark-to-Market Derivative (Liabilities) |  | $ | — |  |  | $ | (1,225) |  |  | $ | 1,190 |  |  | $ | (35) |  |  | $ | (35) |  |
| Total Net Mark-to-Market Derivative Assets (Liabilities) |  | $ | 7 |  |  | $ | (20) |  |  | $ | 57 |  |  | $ | 37 |  |  | $ | 44 |  |
|  |  | As of December 31, 2023 |
|  |  | PSEG |  | PSEG Power |  | Consolidated |
|  |  | Cash Flow Hedges |  | Not Designated |  |  |  |  |  |  |
| Balance Sheet Location |  | Interest Rate Derivatives |  | Energy- Related Contracts |  | Netting (A) |  | Total PSEG Power |  | Total Derivatives |
|  |  | Millions |
| Derivative Contracts |  |  |  |  |  |  |  |  |  |  |
| Current Assets |  | $ | 6 |  |  | $ | 912 |  |  | $ | (806) |  |  | $ | 106 |  |  | $ | 112 |  |
| Noncurrent Assets |  | — |  |  | 440 |  |  | (411) |  |  | 29 |  |  | 29 |  |
| Total Mark-to-Market Derivative Assets |  | $ | 6 |  |  | $ | 1,352 |  |  | $ | (1,217) |  |  | $ | 135 |  |  | $ | 141 |  |
| Derivative Contracts |  |  |  |  |  |  |  |  |  |  |
| Current Liabilities |  | $ | (16) |  |  | $ | (890) |  |  | $ | 820 |  |  | $ | (70) |  |  | $ | (86) |  |
| Noncurrent Liabilities |  | (1) |  |  | (424) |  |  | 419 |  |  | (5) |  |  | (6) |  |
| Total Mark-to-Market Derivative (Liabilities) |  | $ | (17) |  |  | $ | (1,314) |  |  | $ | 1,239 |  |  | $ | (75) |  |  | $ | (92) |  |
| Total Net Mark-to-Market Derivative Assets (Liabilities) |  | $ | (11) |  |  | $ | 38 |  |  | $ | 22 |  |  | $ | 60 |  |  | $ | 49 |  |
(A) Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of cash collateral. All cash collateral (received) posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of June 30, 2024 and December 31, 2023, PSEG Power had net cash collateral (receipts) payments to counterparties of $137 million and $113 million, respectively. Of these net cash collateral (receipts) payments, $57 million and $22 million as of June 30, 2024 and December 31, 2023, respectively, were netted against the corresponding net derivative contract positions. Of the $57 million as of June 30, 2024, $(24) million was netted against noncurrent assets and $81 million against current liabilities. Of the $22 million as of December 31, 2023, $(1) million was netted against current assets, $15 million against current liabilities and $8 million against noncurrent liabilities.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following shows the effect on the Condensed Consolidated Statements of Operations and on Accumulated Other Comprehensive Loss (AOCL) of derivative instruments designated as cash flow hedges for the three and six months ended June 30, 2024 and 2023:
| Derivatives in Cash Flow Hedging Relationships |  | Amount of Pre-Tax Gain (Loss) Recognized in AOCL on Derivatives |  | Location of Pre-Tax Gain (Loss) Reclassified from AOCL into Income |  | Amount of Pre-Tax Gain (Loss) Reclassified from AOCL into Income |
|  | Three Months Ended |  |  |  | Three Months Ended |
|  | June 30, |  |  |  | June 30, |
|  | 2024 |  | 2023 |  |  |  | 2024 |  | 2023 |
|  |  | Millions |  |  |  | Millions |
| PSEG |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Derivatives |  | $ | 2 |  |  | $ | 17 |  |  | Interest Expense |  | $ | 4 |  |  | $ | 1 |  |
| Total PSEG |  | $ | 2 |  |  | $ | 17 |  |  |  |  | $ | 4 |  |  | $ | 1 |  |
| Derivatives in Cash Flow Hedging Relationships |  | Amount of Pre-Tax Gain (Loss) Recognized in AOCL on Derivatives |  | Location of Pre-Tax Gain (Loss) Reclassified from AOCL into Income |  | Amount of Pre-Tax Gain (Loss) Reclassified from AOCL into Income |
|  | Six Months Ended |  |  |  | Six Months Ended |
|  | June 30, |  |  |  | June 30, |
|  | 2024 |  | 2023 |  |  |  | 2024 |  | 2023 |
|  |  | Millions |  |  |  | Millions |
| PSEG |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Derivatives |  | $ | 30 |  |  | $ | 14 |  |  | Interest Expense |  | $ | 7 |  |  | $ | — |  |
| Total PSEG |  | $ | 30 |  |  | $ | 14 |  |  |  |  | $ | 7 |  |  | $ | — |  |
The effect of interest rate cash flow hedges is recorded in Interest Expense in PSEG’s Condensed Consolidated Statement of Operations. For the six months ended June 30, 2024 and 2023, the amount of gain on interest rate hedges reclassified from Accumulated Other Comprehensive Loss into income was $5 million and less than $1 million after-tax, respectively.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] | The following reconciles the Accumulated Other Comprehensive Income (Loss) for derivative activity included in AOCL of PSEG on a pre-tax and after-tax basis.
| Accumulated Other Comprehensive Income (Loss) |  | Pre-Tax |  | After-Tax |
|  |  | Millions |
| Balance as of December 31, 2022 |  | $ | (4) |  |  | $ | (3) |  |
| Gain Recognized in AOCL |  | 13 |  |  | 9 |  |
| Less: Gain Reclassified into Income |  | (5) |  |  | (3) |  |
| Balance as of December 31, 2023 |  | $ | 4 |  |  | $ | 3 |  |
| Gain Recognized in AOCL |  | 30 |  |  | 22 |  |
| Less: Gain Reclassified into Income |  | (7) |  |  | (5) |  |
| Balance as of June 30, 2024 |  | $ | 27 |  |  | $ | 20 |  |
Schedule Of Derivative Instruments Not Designated As Hedging Instruments And Impact On Results Of Operations | The following shows the effect on the Condensed Consolidated Statements of Operations of derivative instruments not designated as hedging instruments or as NPNS for the three months and six months ended June 30, 2024 and 2023, respectively. PSEG Power’s derivative contracts reflected in this table include contracts to hedge the purchase and sale of electricity and natural gas, and the purchase of fuel.
| Derivatives Not Designated as Hedges |  | Location of Pre-Tax Gain (Loss) Recognized in Income on Derivatives |  | Pre-Tax Gain (Loss) Recognized in Income on Derivatives |
|  |  |  |  | Three Months Ended |  | Six Months Ended |
|  |  |  |  | June 30, |  | June 30, |
|  |  |  |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
|  |  |  |  | Millions |
| Energy-Related Contracts |  | Operating Revenues |  | $ | 225 |  |  | $ | 339 |  |  | $ | 77 |  |  | $ | 1,241 |  |
| Energy-Related Contracts |  | Energy Costs |  | (1) |  |  | (1) |  |  | — |  |  | — |  |
| Total |  |  |  | $ | 224 |  |  | $ | 338 |  |  | $ | 77 |  |  | $ | 1,241 |  |
Schedule Of Gross Volume, On Absolute Value Basis For Derivative Contracts | The following table summarizes the net notional volume purchases/(sales) of open derivative transactions by commodity as of June 30, 2024 and December 31, 2023.
|  |  |  |  | As of |  | As of |
| Type |  | Notional |  | June 30, 2024 |  | December 31, 2023 |
|  |  |  |  | Millions |
| Natural Gas |  | Dekatherm (Dth) |  | 68 |  |  | 66 |  |
| Electricity |  | MWh |  | (64) |  |  | (60) |  |
| Financial Transmission Rights (FTRs) |  | MWh |  | 27 |  |  | 19 |  |
| Interest Rate Derivatives |  | U.S. Dollars |  | 1,250 |  |  | 2,000 |  |

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