Regulatory Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

PSE&G had the following Regulatory Assets and Liabilities:

	As of December 31,
	2020		2019
	Millions
Regulatory Assets
Current
New Jersey Clean Energy Program	$	143	$	143
Societal Benefits Charge (SBC)	82		30
Electric Energy Costs—Basic Generation Service (BGS)	60		57
2018 Distribution Base Rate Case Regulatory Assets (BRC)	56		56
Formula Rate True-up	23		52
Other	5		13
Total Current Regulatory Assets	369		351
Noncurrent
Pension and OPEB Costs	$	1,489	$	1,284
Deferred Income Tax Regulatory Assets	1,014		966
Manufactured Gas Plant (MGP) Remediation Costs	320		357
Electric Transmission and Gas Cost of Removal	189		216
Asset Retirement Obligation	184		172
Green Program Recovery Charges (GPRC)	139		118
Remediation Adjustment Charge (RAC) (Other SBC)	134		158
BRC	103		159
Deferred Storm Costs	99		12
COVID-19 Deferral	51		—
Unamortized Loss on Reacquired Debt and Debt Expense	36		42
Gas Costs—BGSS	26		27
Other	88		166
Total Noncurrent Regulatory Assets	3,872		3,677
Total Regulatory Assets	$	4,241	$	4,028

Schedule of Regulatory Liabilities

	As of December 31,
	2020		2019
	Millions
Regulatory Liabilities
Current
Deferred Income Tax Regulatory Liabilities	$	223	$	193
Gas Costs—BGSS	20		—
ZEC Liability	17		10
Tax Adjustment Credit (TAC)	5		12
Weather Normalization Charge (WNC)	2		15
Other	27		4
Total Current Regulatory Liabilities	294		234
Noncurrent
Deferred Income Tax Regulatory Liabilities	$	2,670	$	2,955
Electric Distribution Cost of Removal	37		47
Total Noncurrent Regulatory Liabilities	2,707		3,002
Total Regulatory Liabilities	$	3,001	$	3,236