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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues $ 2,423 $ 2,421 $ 5,183 $ 6,176
Operating Expenses [Abstract]        
Energy Costs 732 604 1,729 1,686
Operation and Maintenance 824 744 1,607 1,487
Depreciation and Amortization 285 279 580 561
Total Operating Expenses 1,841 1,627 3,916 3,734
OPERATING INCOME 582 794 1,267 2,442
Income from Equity Method Investments 1 0 1 1
Net Gains (Losses) on Trust Investments 7 57 102 103
Net Other Income (Deductions) 47 49 82 91
Net Non-Operating Pension and OPEB Credits (Costs) 18 29 37 57
Interest Expense (218) (185) (423) (365)
Income Before Income Taxes 437 744 1,066 2,329
Income Tax Expense (3) (153) (100) (451)
Net Income [1] $ 434 $ 591 $ 966 $ 1,878
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
BASIC (shares) 498 497 498 497
DILUTED (shares) 500 500 500 500
EARNINGS PER SHARE:        
BASIC (dollars per share) $ 0.87 $ 1.19 $ 1.94 $ 3.78
DILUTED (dollars per share) $ 0.87 $ 1.18 $ 1.93 $ 3.76
Public Service Electric and Gas Company [Member]        
Operating Revenues $ 1,863 $ 1,662 $ 4,196 $ 3,955
Operating Expenses [Abstract]        
Energy Costs 683 551 1,611 1,535
Operation and Maintenance 466 429 931 889
Depreciation and Amortization 247 240 504 484
Total Operating Expenses 1,396 1,220 3,046 2,908
OPERATING INCOME 467 442 1,150 1,047
Net Other Income (Deductions) 16 23 32 44
Net Non-Operating Pension and OPEB Credits (Costs) 19 28 38 56
Interest Expense (141) (123) (279) (236)
Income Before Income Taxes 361 370 941 911
Income Tax Expense (59) (34) (151) (88)
Net Income $ 302 $ 336 $ 790 $ 823
[1] Includes net after-tax gains (losses) of $114 million and $212 million for the three months and $(72) million and $767 million for the six months ended June 30, 2024 and 2023, respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.