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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues $ 2,050 $ 2,316 $ 4,831 $ 5,296
Operating Expenses [Abstract]        
Energy Costs 595 704 1,501 1,828
Operation and Maintenance 733 750 1,487 1,506
Depreciation and Amortization 315 307 639 621
Gain (Loss) on Disposition of Assets 0 (395) 0 (395)
Total Operating Expenses 1,643 2,156 3,627 4,350
OPERATING INCOME 407 160 1,204 946
Income from Equity Method Investments 3 5 6 7
Net Gains (Losses) on Trust Investments 201 39 (20) 167
Other Income (Deductions) 38 33 42 66
Non-Operating Pension and OPEB Credits (Costs) 62 33 124 66
Interest Expense (151) (137) (304) (270)
Income Before Income Taxes 560 133 1,052 982
Income Tax Benefit (Expense) (109) 20 (153) (129)
Net Income (Loss) $ 451 $ 153 $ 899 $ 853
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
BASIC (shares) 504 504 504 504
DILUTED (shares) 507 507 507 507
EARNINGS PER SHARE:        
BASIC (dollars per share) $ 0.89 $ 0.30 $ 1.78 $ 1.69
DILUTED (dollars per share) $ 0.89 $ 0.30 $ 1.77 $ 1.68
Public Service Electric and Gas Company [Member]        
Operating Revenues $ 1,456 $ 1,382 $ 3,339 $ 3,414
Operating Expenses [Abstract]        
Energy Costs 510 529 1,218 1,476
Operation and Maintenance 380 369 766 777
Depreciation and Amortization 217 202 439 414
Total Operating Expenses 1,107 1,100 2,423 2,667
OPERATING INCOME 349 282 916 747
Net Gains (Losses) on Trust Investments 1 0 1 1
Other Income (Deductions) 26 19 53 38
Non-Operating Pension and OPEB Credits (Costs) 52 29 103 59
Interest Expense (98) (89) (194) (176)
Income Before Income Taxes 330 241 879 669
Income Tax Benefit (Expense) (47) (14) (156) (39)
Net Income (Loss) 283 227 723 630
PSEG Power [Member]        
Operating Revenues 683 1,083 1,903 2,499
Operating Expenses [Abstract]        
Energy Costs 323 411 999 1,197
Operation and Maintenance 225 268 466 503
Depreciation and Amortization 91 95 185 189
Gain (Loss) on Disposition of Assets 0 (395) 0 (395)
Total Operating Expenses 639 1,169 1,650 2,284
OPERATING INCOME 44 (86) 253 215
Income from Equity Method Investments 3 5 6 7
Net Gains (Losses) on Trust Investments 196 38 (24) 164
Other Income (Deductions) 12 15 (11) 28
Non-Operating Pension and OPEB Credits (Costs) 9 3 17 6
Interest Expense (30) (26) (64) (51)
Income Before Income Taxes 234 (51) 177 369
Income Tax Benefit (Expense) (64) 11 6 (113)
Net Income (Loss) $ 170 $ (40) $ 183 $ 256