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Pension and OPEB (Tables)
 6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Components Of Net Periodic Benefit Cost
The following table provides the components of net periodic benefit costs (credits) relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization, co-owner allocations and the 2023 BPU accounting order. Only the service cost component is eligible for capitalization, when applicable.
Pension BenefitsOPEBPension BenefitsOPEB
Three Months EndedThree Months EndedSix Months EndedSix Months Ended
June 30,June 30,June 30,June 30,
20242023202420232024202320242023
Millions
Components of Net Periodic Benefit (Credits) Costs
Service Cost (included in O&M Expense)$24 $23 $— $1 $47 $45 $1 $2 
Non-Service Components of Pension and OPEB (Credits) Costs
Interest Cost56 69 10 11 112 138 19 21 
Expected Return on Plan Assets(81)(96)(8)(9)(161)(191)(17)(17)
Amortization of Net
Prior Service Credit— — 1 (13)— — 1 (26)
Actuarial Loss (Gain)18 24 (1)— 36 48 (1)(1)
Non-Service Components of Pension and OPEB (Credits) Costs(7)(3)2 (11)(13)(5)2 (23)
Total Net Benefit (Credits) Costs $17 $20 $2 $(10)$34 $40 $3 $(21)
Schedule Of Pension And OPEB Costs
Pension and OPEB (credits) costs for PSE&G and PSEG Power & Other are detailed as follows:
Pension BenefitsOPEBPension BenefitsOPEB
Three Months EndedThree Months EndedSix Months EndedSix Months Ended
June 30,June 30,June 30,June 30,
20242023202420232024202320242023
Millions
PSE&G$10 $14 $(1)$(10)$21 $27 $(1)$(20)
PSEG Power & Other7 6 3 — 13 13 4 (1)
Total Net Benefit (Credits) Costs $17 $20 $2 $(10)$34 $40 $3 $(21)