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Financial Risk Management Activities (Tables)
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule Of Derivative Instruments Fair Value In Balance Sheets
As of June 30, 2024
PSEGPSEG PowerConsolidated
Cash Flow HedgesNot Designated
Balance Sheet LocationInterest
Rate
Derivatives		Energy-
Related
Contracts		Netting
(A)		Total PSEG PowerTotal Derivatives
 Millions
Derivative Contracts
Current Assets$7 $631 $(589)$42 $49 
Noncurrent Assets— 574 (544)30 30 
Total Mark-to-Market Derivative Assets$7 $1,205 $(1,133)$72 $79 
Derivative Contracts
Current Liabilities$— $(701)$670 $(31)$(31)
Noncurrent Liabilities— (524)520 (4)(4)
Total Mark-to-Market Derivative (Liabilities)$— $(1,225)$1,190 $(35)$(35)
Total Net Mark-to-Market Derivative Assets (Liabilities)$7 $(20)$57 $37 $44 
As of December 31, 2023
PSEGPSEG PowerConsolidated
Cash Flow HedgesNot Designated
Balance Sheet LocationInterest
Rate
Derivatives		Energy-
Related
Contracts		Netting
(A)		Total PSEG PowerTotal Derivatives
 Millions
Derivative Contracts
Current Assets$6 $912 $(806)$106 $112 
Noncurrent Assets— 440 (411)29 29 
Total Mark-to-Market Derivative Assets$6 $1,352 $(1,217)$135 $141 
Derivative Contracts
Current Liabilities$(16)$(890)$820 $(70)$(86)
Noncurrent Liabilities(1)(424)419 (5)(6)
Total Mark-to-Market Derivative (Liabilities)$(17)$(1,314)$1,239 $(75)$(92)
Total Net Mark-to-Market Derivative Assets (Liabilities)$(11)$38 $22 $60 $49 
(A)     Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of cash collateral. All cash collateral (received) posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of June 30, 2024 and December 31, 2023, PSEG Power had net cash collateral (receipts) payments to counterparties of $137 million and $113 million, respectively. Of these net cash collateral (receipts) payments, $57 million and $22 million as of June 30, 2024 and December 31, 2023, respectively, were netted against the corresponding net derivative contract positions. Of the $57 million as of June 30, 2024, $(24) million was netted against noncurrent assets and $81 million against current liabilities. Of the $22 million as of December 31, 2023, $(1) million was netted against current assets, $15 million against current liabilities and $8 million against noncurrent liabilities.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following shows the effect on the Condensed Consolidated Statements of Operations and on Accumulated Other Comprehensive Loss (AOCL) of derivative instruments designated as cash flow hedges for the three and six months ended June 30, 2024 and 2023:
Derivatives in Cash Flow
Hedging Relationships		Amount of Pre-Tax
Gain (Loss)
Recognized in AOCL on Derivatives		Location of
Pre-Tax Gain (Loss) Reclassified from AOCL into Income		Amount of Pre-Tax
Gain (Loss)
Reclassified from AOCL into Income
Three Months EndedThree Months Ended
June 30,June 30,
2024202320242023
MillionsMillions
PSEG
Interest Rate Derivatives$2 $17 Interest Expense$4 $1 
Total PSEG$2 $17 $4 $1 
Derivatives in Cash Flow
Hedging Relationships		Amount of Pre-Tax
Gain (Loss)
Recognized in AOCL on Derivatives		Location of
Pre-Tax Gain (Loss) Reclassified from AOCL into Income		Amount of Pre-Tax
Gain (Loss)
Reclassified from AOCL into Income
Six Months EndedSix Months Ended
June 30,June 30,
2024202320242023
MillionsMillions
PSEG
Interest Rate Derivatives$30 $14 Interest Expense$7 $— 
Total PSEG$30 $14 $7 $— 
The effect of interest rate cash flow hedges is recorded in Interest Expense in PSEG’s Condensed Consolidated Statement of Operations. For the six months ended June 30, 2024 and 2023, the amount of gain on interest rate hedges reclassified from Accumulated Other Comprehensive Loss into income was $5 million and less than $1 million after-tax, respectively.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]
The following reconciles the Accumulated Other Comprehensive Income (Loss) for derivative activity included in AOCL of PSEG on a pre-tax and after-tax basis.
Accumulated Other Comprehensive Income (Loss)Pre-TaxAfter-Tax
Millions
Balance as of December 31, 2022$(4)$(3)
Gain Recognized in AOCL13 9 
Less: Gain Reclassified into Income (5)(3)
Balance as of December 31, 2023$4 $3 
Gain Recognized in AOCL30 22 
Less: Gain Reclassified into Income (7)(5)
Balance as of June 30, 2024$27 $20 
Schedule Of Derivative Instruments Not Designated As Hedging Instruments And Impact On Results Of Operations
The following shows the effect on the Condensed Consolidated Statements of Operations of derivative instruments not designated as hedging instruments or as NPNS for the three months and six months ended June 30, 2024 and 2023, respectively. PSEG Power’s derivative contracts reflected in this table include contracts to hedge the purchase and sale of electricity and natural gas, and the purchase of fuel.
Derivatives Not Designated as HedgesLocation of Pre-Tax
Gain (Loss)
Recognized in Income
on Derivatives		 Pre-Tax Gain (Loss) Recognized in Income on Derivatives
Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Millions
Energy-Related ContractsOperating Revenues$225 $339 $77 $1,241 
Energy-Related ContractsEnergy Costs(1)(1)— — 
Total$224 $338 $77 $1,241 
Schedule Of Gross Volume, On Absolute Value Basis For Derivative Contracts
The following table summarizes the net notional volume purchases/(sales) of open derivative transactions by commodity as of June 30, 2024 and December 31, 2023.
As ofAs of
TypeNotionalJune 30, 2024December 31, 2023
Millions
Natural GasDekatherm (Dth)68 66 
ElectricityMWh(64)(60)
Financial Transmission Rights (FTRs)MWh27 19 
Interest Rate DerivativesU.S. Dollars1,250 2,000