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Asset Retirement Obligations (AROs) (Tables)
 12 Months Ended
Dec. 31, 2024
Asset Retirement Obligation [Line Items]  
Impact Of The Revisions On Asset Retirement Obligation

The changes to the ARO liabilities for PSEG and PSE&G during 2023 and 2024 are presented in the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PSEG

 

 

PSE&G

 

 

PSEG Power & Other

 

 

 

 

 

Millions

 

 

 

ARO Liability as of January 1, 2023

 

$

1,499

 

 

$

384

 

 

$

1,115

 

 

 

Liabilities Settled

 

 

(13

)

 

 

(13

)

 

 

—

 

 

 

Accretion Expense

 

 

51

 

 

 

—

 

 

 

51

 

 

 

Accretion Expense Deferred and Recovered in Rate Base (A)

 

 

16

 

 

 

16

 

 

 

—

 

 

 

Revision to Present Values of Estimated Cash Flows

 

 

(85

)

 

 

14

 

 

 

(99

)

 

 

ARO Liability as of December 31, 2023

 

$

1,468

 

 

$

401

 

 

$

1,067

 

 

 

Liabilities Settled

 

$

(26

)

 

$

(12

)

 

$

(14

)

 

 

Accretion Expense

 

 

49

 

 

 

—

 

 

 

49

 

 

 

Accretion Expense Deferred and Recovered in Rate Base (A)

 

 

16

 

 

 

16

 

 

 

—

 

 

 

Revision to Present Values of Estimated Cash Flows

 

 

(7

)

 

 

52

 

 

 

(59

)

 

 

ARO Liability as of December 31, 2024

 

$

1,500

 

 

$

457

 

 

$

1,043

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A)
Not reflected as expense in Consolidated Statements of Operations.
Public Service Electric and Gas Company  
Asset Retirement Obligation [Line Items]  
Impact Of The Revisions On Asset Retirement Obligation

The changes to the ARO liabilities for PSEG and PSE&G during 2023 and 2024 are presented in the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PSEG

 

 

PSE&G

 

 

PSEG Power & Other

 

 

 

 

 

Millions

 

 

 

ARO Liability as of January 1, 2023

 

$

1,499

 

 

$

384

 

 

$

1,115

 

 

 

Liabilities Settled

 

 

(13

)

 

 

(13

)

 

 

—

 

 

 

Accretion Expense

 

 

51

 

 

 

—

 

 

 

51

 

 

 

Accretion Expense Deferred and Recovered in Rate Base (A)

 

 

16

 

 

 

16

 

 

 

—

 

 

 

Revision to Present Values of Estimated Cash Flows

 

 

(85

)

 

 

14

 

 

 

(99

)

 

 

ARO Liability as of December 31, 2023

 

$

1,468

 

 

$

401

 

 

$

1,067

 

 

 

Liabilities Settled

 

$

(26

)

 

$

(12

)

 

$

(14

)

 

 

Accretion Expense

 

 

49

 

 

 

—

 

 

 

49

 

 

 

Accretion Expense Deferred and Recovered in Rate Base (A)

 

 

16

 

 

 

16

 

 

 

—

 

 

 

Revision to Present Values of Estimated Cash Flows

 

 

(7

)

 

 

52

 

 

 

(59

)

 

 

ARO Liability as of December 31, 2024

 

$

1,500

 

 

$

457

 

 

$

1,043

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A)
Not reflected as expense in Consolidated Statements of Operations.