Asset Retirement Obligations (AROs) (Tables)

12 Months Ended

Dec. 31, 2022

The changes to the ARO liabilities for PSEG and PSE&G during 2021 and 2022 are presented in the following table:



	PSEG		PSE&G		PSEG Power & Other
	Millions
ARO Liability as of January 1, 2021	$	1,212	$	314	$	898
Liabilities Settled	(15)		(14)		(1)
Adjustments (B)	(37)		—		(37)
Accretion Expense	44		—		44
Accretion Expense Deferred and Recovered in Rate Base (A)	16		16		—
Revision to Present Values of Estimated Cash Flows	353		47		306
ARO Liability as of December 31, 2021	$	1,573	$	363	$	1,210
Liabilities Settled	$	(15)	$	(15)	$	—

Accretion Expense	50		—		50
Accretion Expense Deferred and Recovered in Rate Base (A)	17		17		—
Revision to Present Values of Estimated Cash Flows	(126)		19		(145)
ARO Liability as of December 31, 2022	$	1,499	$	384	$	1,115

(A)Not reflected as expense in Consolidated Statements of Operations.

(B)Represents amounts related to the sale of the solar plants and the fossil generating assets classified as Held for Sale.