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Financing Receivables (Tables) | 6 Months Ended
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Jun. 30, 2025
Public Service Electric and Gas Company [Member] |
Schedule of Financial Receivables [Line Items] |
Schedule of Credit Risk Profile Based on Payment Activity | The following table reflects the outstanding loans by class of customer, none of which would be considered “non-performing.”
|  |  | As of |  |
| Outstanding Loans by Class of Customers |  | June 30, 2025 |  |  | December 31, 2024 |  |
|  |  | Millions |  |
| Commercial/Industrial |  | $ | 29 |  |  | $ | 38 |  |
| Residential |  |  | 2 |  |  |  | 2 |  |
| Total |  |  | 31 |  |  |  | 40 |  |
| Current Portion (included in Accounts Receivable) |  |  | (15 | ) |  |  | (17 | ) |
| Noncurrent Portion (included in Long-Term Investments) |  | $ | 16 |  |  | $ | 23 |  |
The solar loans originated under the remaining Solar Loan Programs are comprised as follows:
| Programs |  | Balance as of June 30, 2025 |  |  | Funding Provided |  | Residential Loan Term |  | Non-Residential Loan Term |
|  |  | Millions |  |  |  |  |  |  |  |
| Solar Loan II |  | $ | 15 |  |  | prior to 2015 |  | 10 years |  | 15 years |
| Solar Loan III |  |  | 16 |  |  | prior to 2022 |  | 10 years |  | 10 years |
| Total |  | $ | 31 |  |  |  |  |  |  |  |
The average life of loans paid in full is 8 years, which is lower than the loan terms of 10 to 15 years due to the generation of SRECs being greater than expected and/or cash payments made to the loan. Payments on all outstanding loans were current as of June 30, 2025 and have an average remaining life of approximately 2 years. There are no remaining residential loans outstanding under the Solar Loan I and II programs and less than $1 million of commercial loans outstanding under the Solar Loan I program.
Energy Holdings [Member] |
Schedule of Financial Receivables [Line Items] |
Schedule of Gross and Net Lease Investment | The following table shows Energy Holdings’ gross and net lease investments as of June 30, 2025 and December 31, 2024.
|  |  | As of |  |
|  |  | June 30, 2025 |  |  | December 31, 2024 |  |
|  |  | Millions |  |
| Lease Receivables (net of Non-Recourse Debt) |  | $ | 178 |  |  | $ | 200 |  |
| Estimated Residual Value of Leased Assets |  |  | — |  |  |  | — |  |
| Total Investment in Rental Receivables |  |  | 178 |  |  |  | 200 |  |
| Unearned and Deferred Income |  |  | (45 | ) |  |  | (50 | ) |
| Gross Investments in Leases |  |  | 133 |  |  |  | 150 |  |
| Deferred Tax Liabilities |  |  | (29 | ) |  |  | (33 | ) |
| Net Investments in Leases |  | $ | 104 |  |  | $ | 117 |  |
Schedule of Lease Receivables, Net of Nonrecourse Debt, Associated With Leveraged Lease Portfolio Based on Counterparty Credit Rating | The corresponding receivables associated with the lease portfolio are reflected as follows, net of non-recourse debt. The ratings in the table represent the ratings of the entities providing payment assurance to Energy Holdings.
|  |  | Lease Receivables, Net of Non-Recourse Debt |  |
| Counterparties' Standard & Poor's (S&P) Credit Rating as of June 30, 2025 |  | As of June 30, 2025 |  |
|  |  | Millions |  |
| AA |  | $ | 6 |  |
| A- |  |  | 149 |  |
| BBB+ |  |  | 23 |  |
| Total |  | $ | 178 |  |

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