Long-Term Investments (Tables)

12 Months Ended

Dec. 31, 2022

Long-Term Investments [Abstract]

Schedule of Long Term Investments

Long-Term Investments as of December 31, 2022 and 2021 included the following:

	As of December 31,
	2022		2021
	Millions
PSE&G
Life Insurance and Supplemental Benefits	$	81	$	89
Solar Loans	62		92
PSEG Power & Other
Lease Investments	175		187
Equity Method Investments (A)	306		173
Total Long-Term Investments	$	624	$	541

(A)During the three years ended December 31, 2022, 2021 and 2020, dividends from these investments were $8 million, $17 million and $15 million, respectively.

Schedule Of Net Investment In Leveraged Leases

The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2022 and 2021.

	As of December 31,
	2022		2021
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	249	$	274
Estimated Residual Value of Leased Assets	—		—
Total Investment in Rental Receivables	249		274
Unearned and Deferred Income	(74)		(87)
Gross Investments in Leases	175		187
Deferred Tax Liabilities	(39)		(42)
Net Investments in Leases	$	136	$	145

Schedule Of Pre-Tax Income And Income Tax Effects Related To Investments In Leveraged Leases

The pre-tax income and income tax effects related to investments in leases, excluding gains and losses on sales and the impacts of the Tax Act, were as follows:

	Years Ended December 31,
	2022		2021		2020
	Millions
Pre-Tax Income from Leases	$	13	$	13	$	18
Income Tax Expense on Income from Leases	$	3	$	3	$	2