v3.25.1
Financial Information By Business Segments - Financial Information By Business Segments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]      
Operating Revenues $ 3,222 $ 2,760  
Energy Costs 1,186 997  
Controllable Operation and Maintenance (C) [1] 533 473  
Depreciation and Amortization 320 295  
Interest Income 8 9  
Interest Expense 241 205  
Income Tax Expense (Benefit) 28 97  
Other Segment Items (D) [2] 333 170  
Net Income (Loss) 589 532  
Gross Additions to Long-Lived Assets 628 797  
Total Assets 55,575   $ 54,640
Investments in Equity Method Subsidiaries 23   21
Operating Segments [Member] | Public Service Electric and Gas Company [Member]      
Segment Reporting Information [Line Items]      
Operating Revenues 2,664 2,333  
Energy Costs 1,094 928  
Controllable Operation and Maintenance (C) [1] 354 313  
Depreciation and Amortization 280 257  
Interest Income 4 4  
Interest Expense 157 138  
Income Tax Expense (Benefit) 44 92  
Other Segment Items (D) [2] 193 121  
Net Income (Loss) 546 488  
Gross Additions to Long-Lived Assets 605 739  
Total Assets 47,400   46,364
Investments in Equity Method Subsidiaries 0   0
Operating Segments [Member] | PSEG Power & Other [Member]      
Segment Reporting Information [Line Items]      
Operating Revenues [3],[4] 1,092 872  
Energy Costs [4] 626 514  
Controllable Operation and Maintenance (C) [1],[4] 179 160  
Depreciation and Amortization [4] 40 38  
Interest Income [4] 5 6  
Interest Expense [4] 85 68  
Income Tax Expense (Benefit) [4] (16) 5  
Other Segment Items (D) [2],[4] 140 49  
Net Income (Loss) [4] 43 44  
Gross Additions to Long-Lived Assets [4] 54 58  
Total Assets [4] 8,662   8,673
Investments in Equity Method Subsidiaries [4] 23   21
Eliminations [Member]      
Segment Reporting Information [Line Items]      
Operating Revenues [5] (534) (445)  
Energy Costs [5] (534) (445)  
Controllable Operation and Maintenance (C) [1],[5] 0 0  
Depreciation and Amortization [5] 0 0  
Interest Income [5] (1) (1)  
Interest Expense [5] (1) (1)  
Income Tax Expense (Benefit) [5] 0 0  
Other Segment Items (D) [2],[5] 0 0  
Net Income (Loss) [5] 0 0  
Gross Additions to Long-Lived Assets [5] 31 $ 0  
Total Assets [5] (487)   (397)
Investments in Equity Method Subsidiaries [5] $ 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 $(135) million and $(186) million for the three months ended March 31, 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.