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Trust Investments (Tables)
 6 Months Ended
Jun. 30, 2023
Schedule of Trust Investments [Line Items]  
Fair Values And Gross Unrealized Gains And Losses For The Securities Held In The NDT Fund
The following tables show the fair values and gross unrealized gains and losses for the securities held in the NDT Fund.
 As of June 30, 2023
CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
 Millions
Equity Securities
Domestic $458 $300 $(5)$753 
International361 94 (19)436 
Total Equity Securities819 394 (24)1,189 
Available-for-Sale Debt Securities
Government 742 1 (82)661 
Corporate585 1 (55)531 
Total Available-for-Sale Debt Securities1,327 2 (137)1,192 
Total NDT Fund Investments (A)$2,146 $396 $(161)$2,381 
(A)The NDT Fund Investments table excludes cash and foreign currency of $2 million as of June 30, 2023, which is part of the NDT Fund.
As of December 31, 2022
CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Millions
Equity Securities
Domestic$476 $232 $(12)$696 
International336 68 (28)376 
Total Equity Securities812 300 (40)1,072 
Available-for-Sale Debt Securities
Government 721 — (94)627 
Corporate597 1 (69)529 
Total Available-for-Sale Debt Securities1,318 1 (163)1,156 
Total NDT Fund Investments (A)$2,130 $301 $(203)$2,228 
(A)The NDT Fund Investments table excludes cash and foreign currency of $2 million as of December 31, 2022, which is part of the NDT Fund.
Schedule Of Accounts Receivable And Accounts Payable in the NDT Funds
The amounts in the preceding tables do not include receivables and payables for NDT Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table.
As ofAs of
June 30,
2023		December 31,
2022
Millions
Accounts Receivable$32 $14 
Accounts Payable$23 $6 
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months
The following table shows the value of securities in the NDT Fund that have been in an unrealized loss position for less than and greater than 12 months.
As of June 30, 2023As of December 31, 2022
Less Than 12
Months		Greater Than 12
Months		Less Than 12
Months		Greater Than 12
Months
Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses
Millions
Equity Securities (A)
Domestic$29 $(3)$8 $(2)$90 $(10)$9 $(2)
International39 (4)41 (15)88 (12)38 (16)
Total Equity Securities 68 (7)49 (17)178 (22)47 (18)
Available-for-Sale Debt Securities
Government (B)206 (6)406 (76)301 (27)292 (67)
Corporate (C)136 (3)336 (52)221 (21)249 (48)
Total Available-for-Sale Debt Securities342 (9)742 (128)522 (48)541 (115)
NDT Trust Investments$410 $(16)$791 $(145)$700 $(70)$588 $(133)
(A)Equity Securities—Investments in marketable equity securities within the NDT Fund are primarily in common stocks within a broad range of industries and sectors. Unrealized gains and losses on these securities are recorded in Net Income.
(B)Debt Securities (Government)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). The unrealized losses on PSEG Power’s NDT investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. PSEG Power also has investments in municipal bonds. It is not expected that these securities will settle for less than their amortized cost. PSEG Power does not intend to sell these securities nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG Power did not recognize credit losses for U.S. Treasury obligations and Federal Agency mortgage-backed securities because these investments are guaranteed by the U.S. government or an agency of the U.S. government. PSEG Power did not recognize credit losses for municipal bonds because they are primarily investment grade securities.
(C)Debt Securities (Corporate)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). Unrealized losses were due to market declines. It is not expected that these securities would settle for less than their amortized cost. PSEG Power does not intend to sell these securities nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG Power did not recognize credit losses for corporate bonds because they are primarily investment grade securities.
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds And Rabbi Trusts
The proceeds from the sales of and the net gains (losses) on securities in the NDT Fund were:
Three Months EndedSix Months Ended
June 30,June 30,
2023202220232022
Millions
Proceeds from NDT Fund Sales (A)$308 $341 $704 $814 
Net Realized Gains (Losses) on NDT Fund
Gross Realized Gains$25 $21 $46 $50 
Gross Realized Losses(28)(31)(55)(65)
Net Realized Gains (Losses) on NDT Fund (B)(3)(10)(9)(15)
Net Unrealized Gains (Losses) on Equity Securities60 (170)111 (231)
Net Gains (Losses) on NDT Fund Investments $57 $(180)$102 $(246)
(A)Includes activity in accounts related to the liquidation of funds being transitioned within the trust.
(B)The cost of these securities was determined on the basis of specific identification.
Amount Of Available-For-Sale Debt Securities By Maturity Periods
The NDT Fund debt securities held as of June 30, 2023 had the following maturities:
Time FrameFair Value
 Millions
Less than one year$20 
1 - 5 years293 
6 - 10 years220 
11 - 15 years66 
16 - 20 years101 
Over 20 years492 
Total NDT Available-for-Sale Debt Securities$1,192 
Rabbi Trust [Member]  
Schedule of Trust Investments [Line Items]  
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months
The following table shows the value of securities in the Rabbi Trust Fund that have been in an unrealized loss position for less than 12 months and greater than 12 months.
 As of June 30, 2023As of December 31, 2022
 Less Than 12
Months		Greater Than 12
Months		Less Than 12
Months		Greater Than 12
Months
 Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses
 Millions
Available-for-Sale Debt Securities
Government (A)$16 $(1)$75 $(18)$32 $(5)$57 $(16)
Corporate (B)14 (1)55 (12)35 (5)39 (10)
Total Available-for-Sale Debt Securities30 (2)130 (30)67 (10)96 (26)
Rabbi Trust Investments$30 $(2)$130 $(30)$67 $(10)$96 $(26)
(A)Debt Securities (Government)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). The unrealized losses on PSEG’s Rabbi Trust investments in U.S. Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. PSEG also has investments in municipal bonds. It is not expected that these securities will settle for less than their amortized cost. PSEG does not intend to sell these securities nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG did not recognize credit losses for U.S. Treasury obligations and Federal Agency mortgage-backed securities because these investments are guaranteed by the U.S. government or an agency of the U.S. government. PSEG did not recognize credit losses for municipal bonds because they are primarily investment grade securities.
(B)Debt Securities (Corporate)—Unrealized gains and losses on these securities are recorded in Accumulated Other Comprehensive Income (Loss). Unrealized losses were due to market declines. It is not expected that these securities would settle for less than their amortized cost. PSEG does not intend to sell these securities nor will it be more-likely-than-not required to sell before recovery of their amortized cost. PSEG did not recognize credit losses for corporate bonds because they are primarily investment grade.
Securities Held In The Rabbi Trusts The following tables show the fair values, gross unrealized gains and losses and amortized cost basis for the securities held in the Rabbi Trust.
As of June 30, 2023
CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Millions
Domestic Equity Securities$13 $8 $— $21 
Available-for-Sale Debt Securities
Government111 — (19)92 
Corporate85 — (13)72 
Total Available-for-Sale Debt Securities196 — (32)164 
Total Rabbi Trust Investments$209 $8 $(32)$185 
As of December 31, 2022
CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Millions
Domestic Equity Securities$14 $6 $— $20 
Available-for-Sale Debt Securities
Government110 — (21)89 
Corporate89 — (15)74 
Total Available-for-Sale Debt Securities199 — (36)163 
Total Rabbi Trust Investments$213 $6 $(36)$183 
Schedule of Accounts Receivable and Accounts Payable in the Rabbi Trust Funds [Table Text Block]
The amounts in the preceding tables do not include receivables and payables for Rabbi Trust Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table.
As ofAs of
June 30,
2023		December 31,
2022
 Millions
Accounts Receivable$1 $1 
Accounts Payable$1 $— 
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds And Rabbi Trusts
The proceeds from the sales of and the net gains (losses) on securities in the Rabbi Trust Fund were:
Three Months EndedSix Months Ended
June 30,June 30,
2023202220232022
Millions
Proceeds from Rabbi Trust Sales$11 $20 $17 $48 
Net Realized Gains (Losses) on Rabbi Trust:
Gross Realized Gains$3 $2 $4 $3 
Gross Realized Losses(4)(4)(5)(6)
Net Realized Gains (Losses) on Rabbi Trust (A)(1)(2)(1)(3)
Net Unrealized Gains (Losses) on Equity Securities 1 (5)2 (6)
Net Gains (Losses) on Rabbi Trust Investments $— $(7)$1 $(9)
(A)The cost of these securities was determined on the basis of specific identification.
Amount Of Available-For-Sale Debt Securities By Maturity Periods
The Rabbi Trust debt securities held as of June 30, 2023 had the following maturities:
Time FrameFair Value
 Millions
Less than one year$7 
1 - 5 years25 
6 - 10 years20 
11 - 15 years10 
16 - 20 years14 
Over 20 years88 
Total Rabbi Trust Available-for-Sale Debt Securities$164 
Fair Value Of The Rabbi Trusts
The fair value of the Rabbi Trust related to PSE&G and PSEG Power & Other is detailed as follows:
As ofAs of
June 30,
2023		December 31,
2022
 Millions
PSE&G$33 $32 
PSEG Power & Other152 151 
Total Rabbi Trust Investments$185 $183