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Financial Information By Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Financial Information By Business Segments |
|  |  | PSE&G |  |  | PSEG Power & Other (A) |  |  | Eliminations (B) |  |  | Consolidated Total |  |
|  |  | Millions
| Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |
| Operating Revenues |  | $ | 8,449 |  |  | $ | 2,807 |  |  | $ | (966 | ) |  | $ | 10,290 |  |
| Energy Costs |  |  | 3,189 |  |  |  | 1,170 |  |  |  | (966 | ) |  |  | 3,393 |  |
| Controllable Operation and Maintenance (C) |  |  | 1,317 |  |  |  | 771 |  |  |  | — |  |  |  | 2,088 |  |
| Depreciation and Amortization |  |  | 1,025 |  |  |  | 157 |  |  |  | — |  |  |  | 1,182 |  |
| Income from Equity Method Investments |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |  |
| Interest Income |  |  | 14 |  |  |  | 23 |  |  |  | (5 | ) |  |  | 32 |  |
| Interest Expense |  |  | 582 |  |  |  | 305 |  |  |  | (5 | ) |  |  | 882 |  |
| Income Tax Expense (Benefit) |  |  | 298 |  |  |  | (245 | ) |  |  | — |  |  |  | 53 |  |
| Other Segment Items (D) |  |  | 505 |  |  |  | 448 |  |  |  | — |  |  |  | 953 |  |
| Net Income |  | $ | 1,547 |  |  | $ | 225 |  |  | $ | — |  |  | $ | 1,772 |  |
| Gross Additions to Long-Lived Assets |  | $ | 2,921 |  |  | $ | 459 |  |  | $ | — |  |  | $ | 3,380 |  |
| As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |
| Total Assets |  | $ | 46,364 |  |  | $ | 8,673 |  |  | $ | (397 | ) |  | $ | 54,640 |  |
| Investments in Equity Method Subsidiaries |  | $ | — |  |  | $ | 21 |  |  | $ | — |  |  | $ | 21 |  |
|  |  | PSE&G |  |  | PSEG Power & Other (A) |  |  | Eliminations (B) |  |  | Consolidated Total |  |
|  |  | Millions
| Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |
| Operating Revenues |  | $ | 7,807 |  |  | $ | 4,533 |  |  | $ | (1,103 | ) |  | $ | 11,237 |  |
| Energy Costs |  |  | 3,010 |  |  |  | 1,353 |  |  |  | (1,103 | ) |  |  | 3,260 |  |
| Controllable Operation and Maintenance (C) |  |  | 1,193 |  |  |  | 713 |  |  |  | — |  |  |  | 1,906 |  |
| Depreciation and Amortization |  |  | 980 |  |  |  | 155 |  |  |  | — |  |  |  | 1,135 |  |
| Income from Equity Method Investments |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |  |
| Interest Income |  |  | 19 |  |  |  | 38 |  |  |  | (4 | ) |  |  | 53 |  |
| Interest Expense |  |  | 493 |  |  |  | 259 |  |  |  | (4 | ) |  |  | 748 |  |
| Income Tax Expense (Benefit) |  |  | 160 |  |  |  | 358 |  |  |  | — |  |  |  | 518 |  |
| Other Segment Items (D) |  |  | 475 |  |  |  | 686 |  |  |  | — |  |  |  | 1,161 |  |
| Net Income |  | $ | 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 (A) |  |  | Eliminations (B) |  |  | Consolidated Total |  |
|  |  | Millions
| Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
| Operating Revenues |  | $ | 7,935 |  |  | $ | 3,266 |  |  | $ | (1,401 | ) |  | $ | 9,800 |  |
| Energy Costs |  |  | 3,270 |  |  |  | 2,149 |  |  |  | (1,401 | ) |  |  | 4,018 |  |
| Controllable Operation and Maintenance (C) |  |  | 1,219 |  |  |  | 712 |  |  |  | — |  |  |  | 1,931 |  |
| Depreciation and Amortization |  |  | 935 |  |  |  | 165 |  |  |  | — |  |  |  | 1,100 |  |
| Income from Equity Method Investments |  |  | — |  |  |  | 14 |  |  |  | — |  |  |  | 14 |  |
| Interest Income |  |  | 19 |  |  |  | 13 |  |  |  | (1 | ) |  |  | 31 |  |
| Interest Expense |  |  | 427 |  |  |  | 202 |  |  |  | (1 | ) |  |  | 628 |  |
| Income Tax Expense (Benefit) |  |  | 267 |  |  |  | (296 | ) |  |  | — |  |  |  | (29 | ) |
| Other Segment Items (D) |  |  | 271 |  |  |  | 895 |  |  |  | — |  |  |  | 1,166 |  |
| Net Income (Loss) |  | $ | 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 |  |
(A) PSEG Power & Other results include net after-tax gains (losses) of $(151) million, $959 million and $(457) million in the years ended December 31, 2024, 2023 and 2022, respectively, related to the impacts of non-trading commodity mark-to-market activity, which consists of the financial impact from positions with future delivery dates. (B) 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 2. Revenues and Note 24. Related-Party Transactions. (C) Controllable Operation and Maintenance expense includes amounts for labor and benefit costs, materials, outside services and other normal operational costs, including intersegment amounts, and is the significant expense information that is regularly provided to the CODM. (D) Other Segment Items include all other items to reconcile to Net Income. This includes all other O&M (primarily related to clause related expenditures at PSE&G and expenditures for transactions in which Servco acts as principal and controls the services provided to LIPA at PSEG Power & Other, each of which offset corresponding revenue amounts in those segments), losses on asset dispositions and impairments, non operating pension and OPEB credits and costs, gains and losses on trust investments and other income and deductions. This i ncludes 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 2023 and 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 2022. See Note 3. Asset Dispositions and Impairments for additional information.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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