v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 894 $ 125
Accounts Receivable, net of allowance 1,772 1,597
Tax Receivable 316 394
Unbilled Revenues, net of allowance 230 313
Fuel 93 232
Materials and Supplies, net 898 892
Prepayments 104 117
Derivative Contracts 50 33
Regulatory Assets 419 516
Other 23 16
Total Current Assets 4,799 4,235
PROPERTY, PLANT AND EQUIPMENT 51,687 51,207
Less: Accumulated Depreciation and Amortization (11,411) (11,143)
Net Property, Plant and Equipment 40,276 40,064
NONCURRENT ASSETS    
Regulatory Assets 6,263 6,125
Operating Lease Right-of-Use Assets 160 162
Long-Term Investments 239 263
Nuclear Decommissioning Trust (NDT) Fund 2,725 2,670
Long-Term Receivable of Variable Interest Entities (VIE) 561 558
Rabbi Trust Fund 165 165
Derivative Contracts 21 51
Other 366 347
Total Noncurrent Assets 10,500 10,341
TOTAL ASSETS 55,575 54,640
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 2,600 2,150
Commercial Paper and Loans 400 1,593
Accounts Payable 1,094 1,136
Derivative Contracts 85 5
Accrued Interest 230 219
Accrued Taxes 41 10
Clean Energy Program 86 145
Obligation to Return Cash Collateral 119 93
Regulatory Liabilities 523 555
Other 641 599
Total Current Liabilities 5,819 6,505
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 7,360 7,248
Regulatory Liabilities 2,230 2,271
Operating Leases 150 153
Asset Retirement Obligations 1,359 1,500
Environmental Costs 221 225
Derivative Contracts 16 4
Long-Term Accrued Taxes 138 130
Other 204 205
Total Noncurrent Liabilities 12,988 13,057
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 20,398 18,964
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 5,014 5,057
Treasury Stock, at cost (1,376) (1,403)
Retained Earnings 12,868 12,593
Accumulated Other Comprehensive Loss (136) (133)
Total Stockholders' Equity 16,370 16,114
Total Capitalization 36,768 35,078
TOTAL LIABILITIES AND CAPITALIZATION 55,575 54,640
Consolidated Entity Excluding Variable Interest Entities (VIE)    
NONCURRENT LIABILITIES    
OPEB Costs 278 292
Accrued Pension Costs 487 488
Variable Interest Entity, Primary Beneficiary    
NONCURRENT LIABILITIES    
OPEB Costs 517 510
Accrued Pension Costs 28 31
Public Service Electric and Gas Company    
CURRENT ASSETS    
Cash and Cash Equivalents 559 79
Unbilled Revenues, net of allowance 230 313
Materials and Supplies, net 638 642
Prepayments 38 28
Regulatory Assets 419 516
Other 16 15
Total Current Assets 3,278 2,782
PROPERTY, PLANT AND EQUIPMENT 46,769 46,198
Less: Accumulated Depreciation and Amortization (9,335) (9,160)
Net Property, Plant and Equipment 37,434 37,038
NONCURRENT ASSETS    
Regulatory Assets 6,263 6,125
Operating Lease Right-of-Use Assets 94 93
Long-Term Investments 83 90
Rabbi Trust Fund 30 30
Long-Term Accrued Taxes 0 2
Other 218 204
Total Noncurrent Assets 6,688 6,544
TOTAL ASSETS 47,400 46,364
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 800 350
Commercial Paper and Loans 0 444
Accrued Interest 137 174
Clean Energy Program 86 145
Obligation to Return Cash Collateral 119 93
Regulatory Liabilities 523 555
Other 419 371
Total Current Liabilities 3,173 3,198
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,608 6,477
Regulatory Liabilities 2,230 2,271
Operating Leases 83 83
Asset Retirement Obligations 460 457
OPEB Costs 152 164
Accrued Pension Costs 304 305
Environmental Costs 153 159
Long-Term Accrued Taxes 5 0
Other 153 157
Total Noncurrent Liabilities 10,148 10,073
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 15,088 14,648
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 2,156 2,156
Retained Earnings 15,947 15,401
Accumulated Other Comprehensive Loss (4) (4)
Total Stockholders' Equity 18,991 18,445
Total Capitalization 34,079 33,093
TOTAL LIABILITIES AND CAPITALIZATION 47,400 46,364
Public Service Electric and Gas Company | Nonrelated Party    
CURRENT ASSETS    
Accounts Receivable, net of allowance 1,378 1,189
CURRENT LIABILITIES    
Accounts Payable 640 704
Public Service Electric and Gas Company | Related Party    
CURRENT LIABILITIES    
Accounts Payable $ 449 $ 362