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Financial Information By Business Segments - Financial Information By Business Segments (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024 | Dec. 31, 2024
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating Revenues |  | $ 2,805 | $ 2,423 | $ 6,027 | $ 5,183 |
Energy Costs |  | 826 | 732 | 2,012 | 1,729 |
Controllable Operation and Maintenance (C) | [1] | 516 | 527 | 1,049 | 1,000 |
Depreciation and Amortization |  | 308 | 285 | 628 | 580 |
Interest Income |  | 13 | 13 | 21 | 22 |
Interest Expense |  | 248 | 218 | 489 | 423 |
Income Tax Expense (Benefit) |  | 141 | 3 | 169 | 100 |
Other Segment Items (D) | [2] | 194 | 237 | 527 | 407 |
Net Income (Loss) |  | 585 | 434 | 1,174 | 966 |
Gross Additions to Long-Lived Assets |  | 787 | 837 | 1,415 | 1,634 |
Total Assets |  | 56,024 |  | 56,024 |  | $ 54,640
Investments in Equity Method Subsidiaries |  | 24 |  | 24 |  | 21
Operating Segments [Member] | Public Service Electric and Gas Company [Member] |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating Revenues |  | 2,031 | 1,863 | 4,695 | 4,196 |
Energy Costs |  | 760 | 683 | 1,854 | 1,611 |
Controllable Operation and Maintenance (C) | [1] | 331 | 323 | 685 | 636 |
Depreciation and Amortization |  | 275 | 247 | 555 | 504 |
Interest Income |  | 5 | 2 | 9 | 6 |
Interest Expense |  | 161 | 141 | 318 | 279 |
Income Tax Expense (Benefit) |  | 33 | 59 | 77 | 151 |
Other Segment Items (D) | [2] | 144 | 110 | 337 | 231 |
Net Income (Loss) |  | 332 | 302 | 878 | 790 |
Gross Additions to Long-Lived Assets |  | 674 | 746 | 1,279 | 1,485 |
Total Assets |  | 47,789 |  | 47,789 |  | 46,364
Investments in Equity Method Subsidiaries |  | 0 |  | 0 |  | 0
Operating Segments [Member] | PSEG Power & Other [Member] |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating Revenues | [3],[4] | 920 | 685 | 2,012 | 1,557 |
Energy Costs | [4] | 212 | 174 | 838 | 688 |
Controllable Operation and Maintenance (C) | [1],[4] | 185 | 204 | 364 | 364 |
Depreciation and Amortization | [4] | 33 | 38 | 73 | 76 |
Interest Income | [4] | 9 | 13 | 14 | 19 |
Interest Expense | [4] | 88 | 79 | 173 | 147 |
Income Tax Expense (Benefit) | [4] | 108 | (56) | 92 | (51) |
Other Segment Items (D) | [2],[4] | 50 | 127 | 190 | 176 |
Net Income (Loss) | [4] | 253 | 132 | 296 | 176 |
Gross Additions to Long-Lived Assets | [4] | 113 | 91 | 167 | 149 |
Total Assets | [4] | 8,652 |  | 8,652 |  | 8,673
Investments in Equity Method Subsidiaries | [4] | 24 |  | 24 |  | 21
Eliminations [Member] |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating Revenues | [5] | (146) | (125) | (680) | (570) |
Energy Costs | [5] | (146) | (125) | (680) | (570) |
Controllable Operation and Maintenance (C) | [1],[5] | 0 | 0 | 0 | 0 |
Depreciation and Amortization | [5] | 0 | 0 | 0 | 0 |
Interest Income | [5] | (1) | (2) | (2) | (3) |
Interest Expense | [5] | (1) | (2) | (2) | (3) |
Income Tax Expense (Benefit) | [5] | 0 | 0 | 0 | 0 |
Other Segment Items (D) | [2],[5] | 0 | 0 | 0 | 0 |
Net Income (Loss) | [5] | 0 | 0 | 0 | 0 |
Gross Additions to Long-Lived Assets | [5] | 0 | $ 0 | (31) | $ 0 |
Total Assets | [5] | (417) |  | (417) |  | (397)
Investments in Equity Method Subsidiaries | [5] | $ 0 |  | $ 0 |  | $ 0
[1] | 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 Chief Operating Decision Maker (the Chief Executive Officer (CEO) for PSEG and PSE&G).
[2] | 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), non-operating pension and OPEB credits and costs, gains and losses on trust investments and other income and deductions.
[3] | Includes revenues applicable to PSEG Power, PSEG LI and Energy Holdings.
[4] | PSEG Power & Other results include net after-tax gains (losses) of $136 million and $114 million for the three months and $1 million and $(72) million for the six months ended June 30, 2025 and 2024, 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.
[5] | 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 17. Related-Party Transactions.

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