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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and Cash Equivalents $ 547 $ 465
Accounts Receivable, net of allowance 1,422 1,944
Tax Receivable 8 79
Unbilled Revenues, net of allowance 190 322
Fuel 200 420
Materials and Supplies, net 645 540
Prepayments 365 93
Derivative Contracts 91 18
Regulatory Assets 358 369
Assets Held-for-sale 0 20
Other 37 33
Total Current Assets 3,863 4,303
PROPERTY, PLANT AND EQUIPMENT 47,193 45,924
Less: Accumulated Depreciation and Amortization (10,333) (9,982)
Net Property, Plant and Equipment 36,860 35,942
NONCURRENT ASSETS    
Regulatory Assets 4,813 4,404
Operating Lease, Right-of-Use Asset 170 176
Long-Term Investments 302 624
Nuclear Decommissioning Trust (NDT) Fund 2,383 2,230
Long-Term Tax Receivable 0 5
Long-Term Receivable of Variable Interest Entities (VIEs) 562 551
Rabbi Trust Fund 185 183
Other Intangibles 14 14
Derivative Contracts 62 15
Other 291 271
Total Noncurrent Assets 8,782 8,473
Total Assets 49,505 48,718
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 2,075 1,575
Commercial Paper and Loans 1,197 2,200
Accounts Payable 1,050 1,271
Derivative Contracts 66 124
Accrued Interest 141 134
Accrued Taxes 11 12
Clean Energy Program 229 145
Obligation to Return Cash Collateral 92 290
Regulatory Liabilities 339 384
Other 550 545
Total Current Liabilities 5,750 6,680
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,345 5,725
Regulatory Liabilities 2,157 2,240
Operating Leases 166 169
Asset Retirement Obligations 1,525 1,499
Environmental Costs 219 231
Derivative Contracts 8 33
Long-Term Accrued Taxes 57 66
Other 193 199
Total Noncurrent Liabilities 12,308 11,814
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 16,394 16,495
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 5,054 5,065
Treasury Stock, at cost (1,386) (1,377)
Retained Earnings 11,900 10,591
Accumulated Other Comprehensive Income (Loss) (515) (550)
Total Stockholder's Equity 15,053 13,729
Total Capitalization 31,447 30,224
TOTAL LIABILITIES AND CAPITALIZATION 49,505 48,718
Consolidated Entity Excluding Variable Interest Entities (VIE)    
NONCURRENT LIABILITIES    
OPEB Costs 400 410
Accrued Pension Costs 691 705
Variable Interest Entity, Primary Beneficiary    
NONCURRENT LIABILITIES    
OPEB Costs 466 455
Accrued Pension Costs 81 82
Public Service Electric and Gas Company [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 126 220
Accounts Receivable, net of allowance 976 1,075
Unbilled Revenues, net of allowance 190 322
Materials and Supplies, net 405 307
Prepayments 235 7
Regulatory Assets 358 369
Other 37 32
Total Current Assets 2,327 2,332
PROPERTY, PLANT AND EQUIPMENT 42,272 41,045
Less: Accumulated Depreciation and Amortization (8,449) (8,215)
Net Property, Plant and Equipment 33,823 32,830
NONCURRENT ASSETS    
Regulatory Assets 4,813 4,404
Operating Lease, Right-of-Use Asset 85 86
Long-Term Investments 132 143
Rabbi Trust Fund 33 32
Other 134 133
Total Noncurrent Assets 5,197 4,798
Total Assets 41,347 39,960
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 575 825
Commercial Paper and Loans 298 0
Accrued Interest 122 113
Clean Energy Program 229 145
Obligation to Return Cash Collateral 92 290
Regulatory Liabilities 339 384
Other 450 416
Total Current Liabilities 3,096 3,361
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,638 5,348
Regulatory Liabilities 2,157 2,240
Operating Leases 76 77
Asset Retirement Obligations 384 384
OPEB Costs 246 255
Accrued Pension Costs 392 397
Environmental Costs 162 173
Long-Term Accrued Taxes 8 9
Other 165 163
Total Noncurrent Liabilities 9,228 9,046
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 12,517 11,871
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 1,170 1,170
Basis Adjustment 986 986
Retained Earnings 13,462 12,639
Accumulated Other Comprehensive Income (Loss) (4) (5)
Total Stockholder's Equity 16,506 15,682
Total Capitalization 29,023 27,553
TOTAL LIABILITIES AND CAPITALIZATION 41,347 39,960
Public Service Electric and Gas Company [Member] | Related Party    
CURRENT LIABILITIES    
Accounts Payable 296 485
Public Service Electric and Gas Company [Member] | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable $ 695 $ 703