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Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Revenues $ 9,603 $ 10,076 $ 9,696
Operating Expenses [Abstract]      
Energy Costs 3,056 3,372 3,225
Operation and Maintenance 3,115 3,111 3,069
Depreciation and Amortization 1,285 1,248 1,158
Gain (Loss) on Disposition of Assets (123) 402 (54)
Total Operating Expenses 7,333 8,133 7,398
OPERATING INCOME 2,270 1,943 2,298
Income from Equity Method Investments 14 14 15
Net Gains (Losses) on Trust Investments 253 260 (143)
Other Income (Deductions) 115 125 85
Non-Operating Pension and Other Postretirement Plan Credits (Costs) 249 177 76
Interest Expense (600) (569) (476)
Income (Loss) before Income Taxes 2,301 1,950 1,855
Income Tax (Expense) Benefit (396) (257) (417)
Net Income $ 1,905 [1] $ 1,693 [1] $ 1,438
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
BASIC 504 504 504
DILUTED 507 507 507
EARNINGS PER SHARE:      
NET INCOME, BASIC $ 3.78 $ 3.35 $ 2.85
NET INCOME, DILUTED $ 3.76 $ 3.33 $ 2.83
Public Service Electric and Gas Company      
Operating Revenues $ 6,608 $ 6,625 $ 6,471
Operating Expenses [Abstract]      
Energy Costs 2,469 2,738 2,520
Operation and Maintenance 1,614 1,581 1,575
Depreciation and Amortization 887 837 770
Gain (Loss) on Disposition of Assets (1) 0 0
Total Operating Expenses 4,969 5,156 4,865
OPERATING INCOME 1,639 1,469 1,606
Net Gains (Losses) on Trust Investments 3 2 (1)
Other Income (Deductions) 108 83 80
Non-Operating Pension and Other Postretirement Plan Credits (Costs) 205 150 59
Interest Expense (388) (361) (333)
Income (Loss) before Income Taxes 1,567 1,343 1,411
Income Tax (Expense) Benefit (240) (93) (344)
Net Income 1,327 1,250 1,067
PSEG Power LLC      
Operating Revenues 3,634 4,385 4,146
Operating Expenses [Abstract]      
Energy Costs 1,821 2,118 2,197
Operation and Maintenance 964 1,040 1,053
Depreciation and Amortization 368 377 354
Gain (Loss) on Disposition of Assets (122) 402 (54)
Total Operating Expenses 3,031 3,937 3,550
OPERATING INCOME 603 448 596
Income from Equity Method Investments 14 14 15
Net Gains (Losses) on Trust Investments 241 253 (140)
Other Income (Deductions) 12 54 21
Non-Operating Pension and Other Postretirement Plan Credits (Costs) 33 21 15
Interest Expense (121) (119) (76)
Income (Loss) before Income Taxes 782 671 431
Income Tax (Expense) Benefit (188) (203) (66)
Net Income $ 594 $ 468 $ 365
[1] Includes an after-tax gain of $86 million in the year ended December 31, 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 year ended December 31, 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants. See Note 4. Early Plant Retirements/Asset Dispositions for additional information.