Financial Information By Business Segments

9 Months Ended

Sep. 30, 2020

Segment Reporting Information [Line Items]

Financial Information By Business Segments

Financial Information by Business Segment

	PSE&G		PSEG Power		Other (A)		Eliminations (B)		Consolidated Total
	Millions
Three Months Ended September 30, 2020
Total Operating Revenues	$	1,660	$	746	$	143	$	(179)	$	2,370
Net Income (Loss) (C)	313		254		8		—		575
Gross Additions to Long-Lived Assets	587		89		2		—		678
Nine Months Ended September 30, 2020
Operating Revenues	$	4,999	$	2,649	$	447	$	(894)	$	7,201
Net Income (Loss) (C)	1,036		437		1		—		1,474
Gross Additions to Long-Lived Assets	1,777		307		8		—		2,092
Three Months Ended September 30, 2019
Total Operating Revenues	$	1,604	$	771	$	151	$	(224)	$	2,302
Net Income (Loss)	344		53		6		—		403
Gross Additions to Long-Lived Assets	608		168		3		—		779
Nine Months Ended September 30, 2019
Operating Revenues	$	5,018	$	3,270	$	379	$	(1,069)	$	7,598
Net Income (Loss) (C)	974		309		(27)		—		1,256
Gross Additions to Long-Lived Assets	1,866		507		10		—		2,383
As of September 30, 2020
Total Assets	$	34,833	$	12,719	$	2,952	$	(928)	$	49,576
Investments in Equity Method Subsidiaries	$	—	$	66	$	1	$	—	$	67
As of December 31, 2019
Total Assets	$	33,266	$	12,805	$	2,715	$	(1,056)	$	47,730
Investments in Equity Method Subsidiaries	$	—	$	66	$	1	$	—	$	67

(A)Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent company) and Services.

(B)Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 20. Related-Party Transactions.

(C)Includes an after-tax gain of $86 million in the three months and nine months ended September 30, 2020 related to the sale of PSEG Power’s interest in the Yards Creek generation facility and an after-tax loss of $286 million in the nine months ended September 30, 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants. See Item 1. Note 4. Early Plant Retirements/Asset Dispositions for additional information.

Public Service Electric and Gas Company [Member]

Segment Reporting Information [Line Items]

Financial Information By Business Segments

Financial Information by Business Segment

	PSE&G		PSEG Power		Other (A)		Eliminations (B)		Consolidated Total
	Millions
Three Months Ended September 30, 2020
Total Operating Revenues	$	1,660	$	746	$	143	$	(179)	$	2,370
Net Income (Loss) (C)	313		254		8		—		575
Gross Additions to Long-Lived Assets	587		89		2		—		678
Nine Months Ended September 30, 2020
Operating Revenues	$	4,999	$	2,649	$	447	$	(894)	$	7,201
Net Income (Loss) (C)	1,036		437		1		—		1,474
Gross Additions to Long-Lived Assets	1,777		307		8		—		2,092
Three Months Ended September 30, 2019
Total Operating Revenues	$	1,604	$	771	$	151	$	(224)	$	2,302
Net Income (Loss)	344		53		6		—		403
Gross Additions to Long-Lived Assets	608		168		3		—		779
Nine Months Ended September 30, 2019
Operating Revenues	$	5,018	$	3,270	$	379	$	(1,069)	$	7,598
Net Income (Loss) (C)	974		309		(27)		—		1,256
Gross Additions to Long-Lived Assets	1,866		507		10		—		2,383
As of September 30, 2020
Total Assets	$	34,833	$	12,719	$	2,952	$	(928)	$	49,576
Investments in Equity Method Subsidiaries	$	—	$	66	$	1	$	—	$	67
As of December 31, 2019
Total Assets	$	33,266	$	12,805	$	2,715	$	(1,056)	$	47,730
Investments in Equity Method Subsidiaries	$	—	$	66	$	1	$	—	$	67

(A)Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent company) and Services.

(B)Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 20. Related-Party Transactions.

(C)Includes an after-tax gain of $86 million in the three months and nine months ended September 30, 2020 related to the sale of PSEG Power’s interest in the Yards Creek generation facility and an after-tax loss of $286 million in the nine months ended September 30, 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants. See Item 1. Note 4. Early Plant Retirements/Asset Dispositions for additional information.

PSEG Power [Member]

Segment Reporting Information [Line Items]

Financial Information By Business Segments

Financial Information by Business Segment

	PSE&G		PSEG Power		Other (A)		Eliminations (B)		Consolidated Total
	Millions
Three Months Ended September 30, 2020
Total Operating Revenues	$	1,660	$	746	$	143	$	(179)	$	2,370
Net Income (Loss) (C)	313		254		8		—		575
Gross Additions to Long-Lived Assets	587		89		2		—		678
Nine Months Ended September 30, 2020
Operating Revenues	$	4,999	$	2,649	$	447	$	(894)	$	7,201
Net Income (Loss) (C)	1,036		437		1		—		1,474
Gross Additions to Long-Lived Assets	1,777		307		8		—		2,092
Three Months Ended September 30, 2019
Total Operating Revenues	$	1,604	$	771	$	151	$	(224)	$	2,302
Net Income (Loss)	344		53		6		—		403
Gross Additions to Long-Lived Assets	608		168		3		—		779
Nine Months Ended September 30, 2019
Operating Revenues	$	5,018	$	3,270	$	379	$	(1,069)	$	7,598
Net Income (Loss) (C)	974		309		(27)		—		1,256
Gross Additions to Long-Lived Assets	1,866		507		10		—		2,383
As of September 30, 2020
Total Assets	$	34,833	$	12,719	$	2,952	$	(928)	$	49,576
Investments in Equity Method Subsidiaries	$	—	$	66	$	1	$	—	$	67
As of December 31, 2019
Total Assets	$	33,266	$	12,805	$	2,715	$	(1,056)	$	47,730
Investments in Equity Method Subsidiaries	$	—	$	66	$	1	$	—	$	67

(A)Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent company) and Services.

(B)Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 20. Related-Party Transactions.

(C)Includes an after-tax gain of $86 million in the three months and nine months ended September 30, 2020 related to the sale of PSEG Power’s interest in the Yards Creek generation facility and an after-tax loss of $286 million in the nine months ended September 30, 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants. See Item 1. Note 4. Early Plant Retirements/Asset Dispositions for additional information.