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Income Taxes (Tables)

9 Months Ended

Sep. 30, 2025

Income Tax Disclosure [Abstract]

Schedule Of Effective Tax Rates

A reconciliation of reported income tax expense for PSEG with the amount computed by multiplying pre-tax income by the statutory federal income tax rate of 21% is as follows:

			Three Months Ended								Nine Months Ended
	PSEG		September 30,								September 30,
			2025				2024				2025				2024
			Millions
	Pre-Tax Income		$	720			$	559			$	2,063			$	1,625
	Tax Computed at Statutory Rate @ 21%		$	151			$	117			$	433			$	341
	Increase (Decrease) Attributable to Flow-Through of Certain Tax Adjustments:
	State Income Taxes (net of federal income tax)			37				38				116				112
	NDT Fund			10				11				27				26
	Uncertain Tax Positions			1				1				4				3
	GPRC-CEF-EE			(26	)			(16	)			(56	)			(44	)
	Tax Credits			(12	)			(90	)			(15	)			(195	)
	Estimated Annual Effective Tax Rate Interim Period Adjustment			13				14				(12	)			1
	TAC			(77	)			(33	)			(232	)			(100	)
	Other			1				(3	)			2				(5	)
	Subtotal			(53	)			(78	)			(166	)			(202	)
	Total Income Tax Expense		$	98			$	39			$	267			$	139
	Effective Income Tax Rate			13.6	%			7.0	%			12.9	%			8.6	%

A reconciliation of reported income tax expense for PSE&G with the amount computed by multiplying pre-tax income by the statutory federal income tax rate of 21% is as follows:

			Three Months Ended								Nine Months Ended
	PSE&G		September 30,								September 30,
			2025				2024				2025				2024
			Millions
	Pre-Tax Income		$	573			$	469			$	1,528			$	1,410
	Tax Computed at Statutory Rate @ 21%		$	120			$	98			$	321			$	296
	Increase (Decrease) Attributable to Flow-Through of Certain Tax Adjustments:
	State Income Taxes (net of federal income tax)			40				32				107				99
	Uncertain Tax Positions			(1	)			—				—				—
	Tax Credits			(3	)			(2	)			(6	)			(6	)
	GPRC-CEF-EE			(26	)			(16	)			(56	)			(44	)
	TAC			(77	)			(33	)			(232	)			(100	)
	Bad Debt Flow-Through			3				(3	)			5				(9	)
	Other			2				14				(4	)			5
	Subtotal			(62	)			(8	)			(186	)			(55	)
	Total Income Tax Expense		$	58			$	90			$	135				241
	Effective Income Tax Rate			10.1	%			19.2	%			8.8	%			17.1	%

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- References

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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