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Condensed Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and Cash Equivalents $ 1,603 $ 818
Accounts Receivable, net of allowance 1,728 1,859
Tax Receivable 8 9
Unbilled Revenues, net of allowance 198 217
Fuel 67 296
Materials and Supplies, net 471 448
Prepayments 100 63
Derivative Contracts 144 72
Regulatory Assets 368 364
Assets Held-for-sale 0 2,060
Other 41 44
Total Current Assets 4,728 6,250
PROPERTY, PLANT AND EQUIPMENT 44,303 43,684
Less: Accumulated Depreciation and Amortization (9,569) (9,318)
Net Property, Plant and Equipment 34,734 34,366
NONCURRENT ASSETS    
Regulatory Assets 3,671 3,605
Operating Lease, Right-of-Use Asset 195 201
Long-Term Investments 534 541
Nuclear Decommissioning Trust (NDT) Fund 2,491 2,637
Long-Term Tax Receivable 47 47
Long-Term Receivable of Variable Interest Entities (VIEs) 833 828
Rabbi Trust Fund 219 242
Other Intangibles 22 20
Derivative Contracts 49 28
Other 251 234
Total Noncurrent Assets 8,312 8,383
Total Assets 47,774 48,999
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 700 700
Commercial Paper and Loans 1,676 3,519
Accounts Payable 956 1,315
Derivative Contracts 159 17
Accrued Interest 144 121
Accrued Taxes 312 67
Clean Energy Program 87 146
Obligation to Return Cash Collateral 384 179
Regulatory Liabilities 369 388
Liabilities Held-for-Sale 0 144
Other 505 476
Total Current Liabilities 5,292 7,072
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,463 5,759
Regulatory Liabilities 2,522 2,497
Operating Leases 184 191
Asset Retirement Obligations 1,586 1,573
Environmental Costs 237 245
Derivative Contracts 23 17
Long-Term Accrued Taxes 66 100
Other 176 184
Total Noncurrent Liabilities 11,916 12,270
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 16,968 15,219
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 4,978 5,045
Treasury Stock, at cost (1,336) (896)
Retained Earnings 10,366 10,639
Accumulated Other Comprehensive Income (Loss) (410) (350)
Total Stockholder's Equity 13,598 14,438
Total Capitalization 30,566 29,657
TOTAL LIABILITIES AND CAPITALIZATION $ 47,774 $ 48,999
Treasury Stock, Shares 37 30
Consolidated Entity Excluding Variable Interest Entities (VIE)    
NONCURRENT LIABILITIES    
OPEB Costs $ 568 $ 572
Accrued Pension Costs 273 318
Variable Interest Entity, Primary Beneficiary    
NONCURRENT LIABILITIES    
OPEB Costs 647 640
Accrued Pension Costs 171 174
Public Service Electric and Gas Company [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 910 294
Accounts Receivable, net of allowance 1,189 1,050
Unbilled Revenues, net of allowance 198 217
Materials and Supplies, net 246 233
Prepayments 20 15
Regulatory Assets 368 364
Other 27 33
Total Current Assets 2,958 2,206
PROPERTY, PLANT AND EQUIPMENT 39,136 38,588
Less: Accumulated Depreciation and Amortization (7,799) (7,640)
Net Property, Plant and Equipment 31,337 30,948
NONCURRENT ASSETS    
Regulatory Assets 3,671 3,605
Operating Lease, Right-of-Use Asset 91 92
Long-Term Investments 175 181
Rabbi Trust Fund 39 43
Other 128 123
Total Noncurrent Assets 4,104 4,044
Total Assets 38,399 37,198
CURRENT LIABILITIES    
Accounts Payable 496 571
Accounts Payable-Affiliated Companies 420 418
Accrued Interest 114 107
Clean Energy Program 87 146
Obligation to Return Cash Collateral 384 179
Regulatory Liabilities 369 388
Other 421 376
Total Current Liabilities 2,291 2,185
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 4,990 4,874
Regulatory Liabilities 2,522 2,497
Operating Leases 81 83
Asset Retirement Obligations 363 363
OPEB Costs 348 354
Accrued Pension Costs 105 132
Environmental Costs 184 191
Long-Term Accrued Taxes 6 6
Other 138 145
Total Noncurrent Liabilities 8,737 8,645
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 12,292 11,795
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 1,170 1,170
Basis Adjustment 986 986
Retained Earnings 12,033 11,524
Accumulated Other Comprehensive Income (Loss) (2) 1
Total Stockholder's Equity 15,079 14,573
Total Capitalization 27,371 26,368
TOTAL LIABILITIES AND CAPITALIZATION $ 38,399 $ 37,198