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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and Cash Equivalents $ 113 $ 54
Accounts Receivable, net of allowance 1,402 1,482
Unbilled Revenues, net of allowance 248 244
Fuel 179 264
Materials and Supplies, net 857 759
Prepayments 349 144
Derivative Contracts 49 112
Regulatory Assets 305 273
Other 74 41
Total Current Assets 3,576 3,373
PROPERTY, PLANT AND EQUIPMENT 49,813 48,603
Less: Accumulated Depreciation and Amortization (10,792) (10,572)
Net Property, Plant and Equipment 39,021 38,031
NONCURRENT ASSETS    
Regulatory Assets 5,479 5,157
Operating Lease, Right-of-Use Asset 171 179
Long-Term Investments 268 295
Nuclear Decommissioning Trust (NDT) Fund 2,652 2,524
Long-Term Receivable of Variable Interest Entities (VIEs) 642 632
Rabbi Trust Fund 171 179
Derivative Contracts 30 29
Other 372 342
Total Noncurrent Assets 9,785 9,337
Total Assets 52,382 50,741
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 2,100 1,500
Commercial Paper and Loans 879 949
Accounts Payable 1,052 1,214
Derivative Contracts 31 86
Accrued Interest 200 170
Accrued Taxes 13 8
Clean Energy Program 226 145
Obligation to Return Cash Collateral 98 89
Regulatory Liabilities 354 349
Other 581 547
Total Current Liabilities 5,534 5,057
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,935 6,671
Regulatory Liabilities 2,024 2,075
Operating Leases 164 173
Asset Retirement Obligations 1,483 1,468
Environmental Costs 211 213
Derivative Contracts 4 6
Long-Term Accrued Taxes 40 45
Other 192 201
Total Noncurrent Liabilities 12,605 12,423
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 18,419 17,784
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 5,020 5,018
Treasury Stock, at cost (1,408) (1,379)
Retained Earnings 12,385 12,017
Accumulated Other Comprehensive Income (Loss) (173) (179)
Total Stockholder's Equity 15,824 15,477
Total Capitalization 34,243 33,261
TOTAL LIABILITIES AND CAPITALIZATION 52,382 50,741
Consolidated Entity Excluding Variable Interest Entities (VIE)    
NONCURRENT LIABILITIES    
OPEB Costs 328 349
Accrued Pension Costs 598 606
Variable Interest Entity, Primary Beneficiary    
NONCURRENT LIABILITIES    
OPEB Costs 527 514
Accrued Pension Costs 99 102
Public Service Electric and Gas Company [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 15 30
Unbilled Revenues, net of allowance 248 244
Materials and Supplies, net 605 519
Prepayments 257 57
Regulatory Assets 305 273
Other 20 31
Total Current Assets 2,539 2,230
PROPERTY, PLANT AND EQUIPMENT 44,894 43,753
Less: Accumulated Depreciation and Amortization (8,867) (8,711)
Net Property, Plant and Equipment 36,027 35,042
NONCURRENT ASSETS    
Regulatory Assets 5,479 5,157
Operating Lease, Right-of-Use Asset 98 99
Long-Term Investments 104 117
Rabbi Trust Fund 31 32
Other 211 196
Total Noncurrent Assets 5,924 5,601
Total Assets 44,490 42,873
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 850 750
Commercial Paper and Loans 390 425
Accrued Interest 155 139
Clean Energy Program 226 145
Obligation to Return Cash Collateral 98 89
Regulatory Liabilities 354 349
Other 438 434
Total Current Liabilities 3,644 3,615
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,052 5,813
Regulatory Liabilities 2,024 2,075
Operating Leases 87 89
Asset Retirement Obligations 402 401
OPEB Costs 191 210
Accrued Pension Costs 388 396
Environmental Costs 143 151
Long-Term Accrued Taxes 0 2
Other 165 160
Total Noncurrent Liabilities 9,452 9,297
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 13,556 12,913
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 2,156 2,156
Retained Earnings 14,794 14,004
Accumulated Other Comprehensive Income (Loss) (4) (4)
Total Stockholder's Equity 17,838 17,048
Total Capitalization 31,394 29,961
TOTAL LIABILITIES AND CAPITALIZATION 44,490 42,873
Public Service Electric and Gas Company [Member] | Nonrelated Party    
CURRENT ASSETS    
Accounts Receivable, net of allowance 1,089 1,076
CURRENT LIABILITIES    
Accounts Payable 676 780
Public Service Electric and Gas Company [Member] | Related Party    
NONCURRENT ASSETS    
Long Term Accrued Taxes Receivable 1 0
CURRENT LIABILITIES    
Accounts Payable $ 457 $ 504