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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Lease, Cost | The following amounts relate to total operating lease costs, including both amounts recognized in the Consolidated Statements of Operations during the years ended December 31, 2024, 2023 and 2022 and any amounts capitalized as part of the cost of another asset, and the cash flows arising from lease transactions.
|  |  | PSE&G |  |  | PSEG Power & Other |  |  | Total |  |
|  |  | Millions |  |
| Operating Lease Costs |  |  |  |  |  |  |  |  |  |
| Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |
| Long-term Lease Costs |  | $ | 43 |  |  | $ | 15 |  |  | $ | 58 |  |
| Short-term Lease Costs |  |  | 21 |  |  |  | 3 |  |  |  | 24 |  |
| Variable Lease Costs |  |  | 2 |  |  |  | 11 |  |  |  | 13 |  |
| Total Operating Lease Costs |  | $ | 66 |  |  | $ | 29 |  |  | $ | 95 |  |
| Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |
| Cash Paid for Amounts Included in the Measurement of Operating Lease Liabilities |  | $ | 20 |  |  | $ | 17 |  |  | $ | 37 |  |
| Weighted Average Remaining Lease Term in Years |  |  | 9 |  |  |  | 6 |  |  |  | 7 |  |
| Weighted Average Discount Rate |  |  | 4.0 | % |  |  | 4.2 | % |  |  | 4.1 | % |
|  |  | PSE&G |  |  | PSEG Power & Other |  |  | Total |  |
|  |  | Millions |  |
| Operating Lease Costs |  |  |  |  |  |  |  |  |  |
| Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |
| Long-term Lease Costs |  | $ | 34 |  |  | $ | 19 |  |  | $ | 53 |  |
| Short-term Lease Costs |  |  | 21 |  |  |  | 6 |  |  |  | 27 |  |
| Variable Lease Costs |  |  | 2 |  |  |  | 13 |  |  |  | 15 |  |
| Total Operating Lease Costs |  | $ | 57 |  |  | $ | 38 |  |  | $ | 95 |  |
| Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |
| Cash Paid for Amounts Included in the Measurement of Operating Lease Liabilities |  | $ | 17 |  |  | $ | 17 |  |  | $ | 34 |  |
| Weighted Average Remaining Lease Term in Years |  |  | 10 |  |  |  | 7 |  |  |  | 8 |  |
| Weighted Average Discount Rate |  |  | 4.0 | % |  |  | 4.2 | % |  |  | 4.1 | % |
|  |  | PSE&G |  |  | PSEG Power & Other |  |  | Total |  |
|  |  | Millions |  |
| Operating Lease Costs |  |  |  |  |  |  |  |  |  |
| Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |
| Long-term Lease Costs |  | $ | 31 |  |  | $ | 25 |  |  | $ | 56 |  |
| Short-term Lease Costs |  |  | 21 |  |  |  | 5 |  |  |  | 26 |  |
| Variable Lease Costs |  |  | 2 |  |  |  | 11 |  |  |  | 13 |  |
| Total Operating Lease Costs |  | $ | 54 |  |  | $ | 41 |  |  | $ | 95 |  |
| Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |
| Cash Paid for Amounts Included in the Measurement of Operating Lease Liabilities |  | $ | 17 |  |  | $ | 25 |  |  | $ | 42 |  |
| Weighted Average Remaining Lease Term in Years |  |  | 11 |  |  |  | 7 |  |  |  | 9 |  |
| Weighted Average Discount Rate |  |  | 3.5 | % |  |  | 4.1 | % |  |  | 3.9 | % |
Lessee, Operating Lease, Liability, Maturity | Operating lease liabilities as of December 31, 2024 had the following maturities on an undiscounted basis:
|  |  | PSE&G |  |  | PSEG Power & Other |  |  | Total |  |
|  |  | Millions |  |
| 2025 |  | $ | 19 |  |  | $ | 16 |  |  | $ | 35 |  |
| 2026 |  |  | 16 |  |  |  | 16 |  |  |  | 32 |  |
| 2027 |  |  | 13 |  |  |  | 17 |  |  |  | 30 |  |
| 2028 |  |  | 11 |  |  |  | 16 |  |  |  | 27 |  |
| 2029 |  |  | 10 |  |  |  | 16 |  |  |  | 26 |  |
| Thereafter |  |  | 47 |  |  |  | 13 |  |  |  | 60 |  |
| Total Minimum Lease Payments |  | $ | 116 |  |  | $ | 94 |  |  | $ | 210 |  |
The following is a reconciliation of the undiscounted cash flows to the discounted Operating Lease Liabilities recognized on the Consolidated Balance Sheets:
|  |  | As of December 31, 2024 |  |
|  |  | PSE&G |  |  | PSEG Power & Other |  |  | Total |  |
|  |  | Millions |  |
| Undiscounted Cash Flows |  | $ | 116 |  |  | $ | 94 |  |  | $ | 210 |  |
| Reconciling Amount due to Discount Rate |  |  | (18 | ) |  |  | (11 | ) |  |  | (29 | ) |
| Total Discounted Operating Lease Liabilities |  | $ | 98 |  |  | $ | 83 |  |  | $ | 181 |  |
|  |  | As of December 31, 2023 |  |
|  |  | PSE&G |  |  | PSEG Power & Other |  |  | Total |  |
|  |  | Millions |  |
| Undiscounted Cash Flows |  | $ | 125 |  |  | $ | 111 |  |  | $ | 236 |  |
| Reconciling Amount due to Discount Rate |  |  | (21 | ) |  |  | (15 | ) |  |  | (36 | ) |
| Total Discounted Operating Lease Liabilities |  | $ | 104 |  |  | $ | 96 |  |  | $ | 200 |  |
Operating Lease, Lease Income | The following is the operating lease income for the years ended December 31, 2024, 2023 and 2022:
|  |  | Years ended December 31, |  |
| Operating Lease Income |  | 2024 |  |  | 2023 |  |  | 2022 |  |
|  |  | Millions |  |
| Fixed Lease Income |  | $ | 14 |  |  | $ | 24 |  |  | $ | 31 |  |
| Variable Lease Income |  |  | — |  |  |  | — |  |  |  | — |  |
| Total Operating Lease Income |  | $ | 14 |  |  | $ | 24 |  |  | $ | 31 |  |
Operating Lease Right-Of-Use Assets | Operating leases had the following minimum future fixed lease receipts as of December 31, 2024:
|  |  | Millions |  |
| 2025 |  | $ | 14 |  |
| 2026 |  |  | 14 |  |
| 2027 |  |  | 14 |  |
| 2028 |  |  | 14 |  |
| 2029 |  |  | 13 |  |
| Thereafter |  |  | 96 |  |
| Total Minimum Future Lease Receipts |  | $ | 165 |  |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
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