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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) [1] $ 1,031 $ (648) $ 1,905
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation and Amortization 1,100 1,216 1,285
Amortization of Nuclear Fuel 183 187 184
(Gains) Losses on Asset Dispositions and Impairments 123 2,637 (123)
Loss on Extinguishment of Debt 0 298 0
Emission Allowances and Renewable Energy Credit Compliance Accrual 55 138 151
Provision for Deferred Income Taxes (Other than Leases) and ITC (264) (817) 139
Non-Cash Employee Benefit Plan Costs (239) (178) (105)
Leveraged Lease Income, Adjusted for Rents Received and Deferred Taxes 15 (11) (135)
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 639 614 80
Net Change in Regulatory Assets and Liabilities (316) (271) (101)
Cost of Removal (129) (121) (106)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund 202 (229) (278)
Net Change in Certain Current Assets and Liabilities:      
Cash Collateral (677) (790) (10)
Increase (Decrease) in Obligation to Return Cash Collateral 111 81 (21)
Accrued Taxes (94) (127) 124
Other Current Assets and Liabilities (187) (263) 201
Employee Benefit Plan Funding and Related Payments (35) (25) (18)
Other (15) 45 (70)
Net Cash Provided By (Used In) Operating Activities 1,503 1,736 3,102
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant and Equipment (2,888) (2,719) (2,923)
Proceeds from Sales of Trust Investments 1,586 2,100 2,234
Purchases of Trust Investments 1,611 2,092 2,250
Proceeds from Sale of Property, Plant, and Equipment 1,918 569 301
Contributions to Equity Method Investments (124) (111) 0
Other 18 9 (38)
Net Cash Provided By (Used In) Investing Activities (1,101) (2,244) (2,676)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Change in Commercial Paper and Loans (819) 256 (352)
Proceeds from Short-term Debt 2,000 2,500 800
Repayments of Short-term Debt (2,500) (300) (500)
Issuance of Long-Term Debt 2,850 2,825 2,450
Redemption of Long-Term Debt (700) (3,082) (1,365)
Payment for Debt Extinguishment or Debt Prepayment Cost 0 (294) 0
Payments for Repurchase of Common Stock (500) 0 0
Cash Dividend Paid (1,079) (1,031) (991)
Other (6) (75) (72)
Net Cash Provided By (Used In) Financing Activities (754) 799 (30)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (352) 291 396
Cash, Cash Equivalents and Restricted Cash, beginning 863 572 176
Cash, Cash Equivalents and Restricted Cash, ending 511 863 572
Supplemental Disclosure of Cash Flow Information:      
Income Taxes Paid (Received) 353 425 297
Interest Paid, Net of Amounts Capitalized 602 547 568
Accrued Property, Plant and Equipment Expenditures 366 331 387
Public Service Electric and Gas Company      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) 1,565 1,446 1,327
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation and Amortization 935 928 887
(Gains) Losses on Asset Dispositions and Impairments 0 (4) (1)
Provision for Deferred Income Taxes (Other than Leases) and ITC 137 116 53
Non-Cash Employee Benefit Plan Costs (179) (156) (103)
Net Change in Regulatory Assets and Liabilities (316) (271) (101)
Cost of Removal (129) (121) (106)
Net Change in Certain Current Assets and Liabilities:      
Accounts Receivable and Unbilled Revenues (132) (34) (100)
Fuel, Materials and Supplies (73) (16) (2)
Increase (Decrease) in Obligation to Return Cash Collateral 111 81 (21)
Prepayments 8 (1) 21
Accounts Payable 96 (71) 44
Accounts Receivable/Payable-Affiliated Companies, net 18 (32) 80
Other Current Assets and Liabilities 44 (71) 81
Employee Benefit Plan Funding and Related Payments (17) (10) (4)
Other (40) (64) (103)
Net Cash Provided By (Used In) Operating Activities 2,028 1,724 1,953
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant and Equipment (2,590) (2,447) (2,507)
Proceeds from Sales of Trust Investments 12 35 40
Purchases of Trust Investments 10 29 40
Solar Loan Investments 34 29 13
Other 11 16 12
Net Cash Provided By (Used In) Investing Activities (2,543) (2,396) (2,482)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Change in Commercial Paper and Loans 0 (100) (262)
Issuance of Long-Term Debt 900 1,325 1,350
Redemption of Long-Term Debt 0 (434) (259)
Contributed Capital 0 0 75
Cash Dividend Paid (450) 0 (175)
Other (8) (13) (17)
Net Cash Provided By (Used In) Financing Activities 442 778 712
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (73) 106 183
Cash, Cash Equivalents and Restricted Cash, beginning 339 233 50
Cash, Cash Equivalents and Restricted Cash, ending 266 339 233
Supplemental Disclosure of Cash Flow Information:      
Income Taxes Paid (Received) 137 266 157
Interest Paid, Net of Amounts Capitalized 409 383 369
Accrued Property, Plant and Equipment Expenditures $ 331 $ 294 $ 323
[1] Include after-tax impairments of $92 million related to certain Energy Holdings investments and additional adjustments related to the sale of PSEG Power’s fossil generation assets in the year ended December 31, 2022. Includes after-tax impairment losses and other charges, including debt extinguishment costs, related to the sale of the fossil generating assets at PSEG Power of $2,158 million in the year ended December 31, 2021. Includes an after-tax gain of $86 million in the year ended December 31, 2020 related to the sale of PSEG Power’s interest in the Yards Creek generation facility. See Note 4. Early Plant Retirements/Asset Dispositions and Impairments for additional information.(C)Includes net after-tax losses of $457 million, $446 million and $58 million in the years ended December 31, 2022, 2021 and 2020, respectively at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consists of the financial impact from positions with future delivery dates.