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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 334 $ 125
Accounts Receivable, net of allowance 1,617 1,597
Tax Receivable 402 394
Unbilled Revenues, net of allowance 225 313
Fuel 326 232
Materials and Supplies, net 882 892
Prepayments 215 117
Derivative Contracts 15 33
Regulatory Assets 639 516
Other 24 16
Total Current Assets 4,679 4,235
PROPERTY, PLANT AND EQUIPMENT 53,187 51,207
Less: Accumulated Depreciation and Amortization (11,800) (11,143)
Net Property, Plant and Equipment 41,387 40,064
NONCURRENT ASSETS    
Regulatory Assets 6,457 6,125
Operating Lease Right-of-Use Assets 149 162
Long-Term Investments 243 263
Nuclear Decommissioning Trust (NDT) Fund 2,883 2,670
Long-Term Receivable of Variable Interest Entities (VIE) 564 558
Rabbi Trust Fund 164 165
Derivative Contracts 5 51
Other 382 347
Total Noncurrent Assets 10,847 10,341
TOTAL ASSETS 56,913 54,640
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 875 2,150
Commercial Paper and Loans 829 1,593
Accounts Payable 1,308 1,136
Derivative Contracts 23 5
Accrued Interest 252 219
Accrued Taxes 106 10
Clean Energy Program 186 145
Obligation to Return Cash Collateral 99 93
Regulatory Liabilities 605 555
Other 726 599
Total Current Liabilities 5,009 6,505
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 7,724 7,248
Regulatory Liabilities 2,076 2,271
Operating Leases 138 153
Asset Retirement Obligations 1,384 1,500
Environmental Costs 229 225
Derivative Contracts 6 4
Long-Term Accrued Taxes 149 130
Other 224 205
Total Noncurrent Liabilities 13,229 13,057
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 21,666 18,964
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 5,045 5,057
Treasury Stock, at cost (1,370) (1,403)
Retained Earnings 13,446 12,593
Accumulated Other Comprehensive Loss (112) (133)
Total Stockholders' Equity 17,009 16,114
Total Capitalization 38,675 35,078
TOTAL LIABILITIES AND CAPITALIZATION 56,913 54,640
Consolidated Entity Excluding Variable Interest Entities (VIE)    
NONCURRENT LIABILITIES    
OPEB Costs 265 292
Accrued Pension Costs 487 488
Variable Interest Entity, Primary Beneficiary    
NONCURRENT LIABILITIES    
OPEB Costs 530 510
Accrued Pension Costs 17 31
Public Service Electric and Gas Company    
CURRENT ASSETS    
Cash and Cash Equivalents 273 79
Unbilled Revenues, net of allowance 225 313
Materials and Supplies, net 618 642
Prepayments 150 28
Regulatory Assets 639 516
Other 25 15
Total Current Assets 3,264 2,782
PROPERTY, PLANT AND EQUIPMENT 47,996 46,198
Less: Accumulated Depreciation and Amortization (9,616) (9,160)
Net Property, Plant and Equipment 38,380 37,038
NONCURRENT ASSETS    
Regulatory Assets 6,457 6,125
Operating Lease Right-of-Use Assets 89 93
Long-Term Investments 77 90
Rabbi Trust Fund 30 30
Other 221 206
Total Noncurrent Assets 6,874 6,544
TOTAL ASSETS 48,518 46,364
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 875 350
Commercial Paper and Loans 0 444
Accrued Interest 136 174
Clean Energy Program 186 145
Obligation to Return Cash Collateral 99 93
Regulatory Liabilities 605 555
Other 279 371
Total Current Liabilities 3,337 3,198
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,819 6,477
Regulatory Liabilities 2,076 2,271
Operating Leases 77 83
Asset Retirement Obligations 464 457
OPEB Costs 141 164
Accrued Pension Costs 302 305
Environmental Costs 166 159
Other 182 157
Total Noncurrent Liabilities 10,227 10,073
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 15,115 14,648
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 2,156 2,156
Retained Earnings 16,794 15,401
Accumulated Other Comprehensive Loss (3) (4)
Total Stockholders' Equity 19,839 18,445
Total Capitalization 34,954 33,093
TOTAL LIABILITIES AND CAPITALIZATION 48,518 46,364
Public Service Electric and Gas Company | Nonrelated Party    
CURRENT ASSETS    
Accounts Receivable, net of allowance 1,334 1,189
CURRENT LIABILITIES    
Accounts Payable 817 704
Public Service Electric and Gas Company | Related Party    
CURRENT LIABILITIES    
Accounts Payable $ 340 $ 362