v3.26.1
Related-Party Transactions - Schedule of Related Party Transactions, Payables (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Related Party Transaction [Line Items]    
Accounts Payable $ 1,204 $ 1,489
Accounts Receivable, net of allowance 2,067 1,888
Public Service Electric and Gas Company [Member]    
Related Party Transaction [Line Items]    
Working Capital Advances to Services [1] 33 33
Public Service Electric and Gas Company [Member] | PSEG Power [Member]    
Related Party Transaction [Line Items]    
Accounts Payable [2] 166 228
Public Service Electric and Gas Company [Member] | PSEG Parent    
Related Party Transaction [Line Items]    
Accounts Payable [3] 203 142
Public Service Electric and Gas Company [Member] | PSEG Services    
Related Party Transaction [Line Items]    
Accounts Payable [4] 100 102
Public Service Electric and Gas Company [Member] | Related Party    
Related Party Transaction [Line Items]    
Accounts Payable 469 472
Long Term Accrued Taxes Payable [3] $ 7 $ 7
[1] PSE&G has advanced working capital to Services. The amount is included in Other Noncurrent Assets on PSE&G’s Condensed Consolidated Balance Sheets.
[2] PSE&G has entered into a requirements contract with PSEG Power under which PSEG Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. In addition, PSEG Power sold ZECs to PSE&G from its nuclear units under the ZEC program as approved by the BPU. The rates in the BGSS contract and for the ZEC sales were prescribed by the BPU. BGSS sales were billed and settled on a monthly basis. ZEC sales were billed on a monthly basis and settled annually following completion of each energy year. The ZEC program ended effective June 1, 2025, with the final ZEC payment from PSE&G to PSEG Power settled in August 2025. For additional information on ZECs, see Note 2. Revenues. In addition, PSEG Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules.
[3] PSEG pays net wages and payroll taxes and receives reimbursement from its affiliated companies for their respective portions. PSEG and its subsidiaries file a consolidated federal income tax return and PSEG and PSE&G file state income tax returns, some of which are combined or unitary. Income taxes are allocated to PSEG’s subsidiaries in accordance with a tax allocation agreement whereby each PSEG subsidiary’s current and deferred tax expense is computed on a stand-alone basis. Each subsidiary is allocated an amount of tax similar to that which would be paid if it filed a separate income tax return, except for certain tax attributes and state apportionment results. If the result is a net tax liability, such amount shall be paid to PSEG. If there are NOLs and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits.
[4] Services provides and bills administrative services to PSE&G at cost. In addition, PSE&G has other payables to Services, including amounts related to certain common costs, which Services pays on behalf of PSE&G.