Financial Information By Business Segments (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Financial Information By Business Segments

	PSE&G		PSEG Power		Other (A)		Eliminations (B)		Consolidated Total
	Millions
Year Ended December 31, 2020
Operating Revenues	$	6,608	$	3,634	$	595	$	(1,234)	$	9,603
Depreciation and Amortization	887		368		30		—		1,285
Operating Income (Loss)	1,639		603		28		—		2,270
Income from Equity Method Investments	—		14		—		—		14
Interest Income	17		6		5		(3)		25
Interest Expense	388		121		94		(3)		600
Income (Loss) before Income Taxes	1,567		782		(48)		—		2,301
Income Tax Expense (Benefit)	240		188		(32)		—		396
Net Income (Loss) (C)	$	1,327	$	594	$	(16)	$	—	$	1,905
Gross Additions to Long-Lived Assets	$	2,507	$	404	$	12	$	—	$	2,923
As of December 31, 2020
Total Assets	$	35,581	$	12,704	$	2,692	$	(927)	$	50,050
Investments in Equity Method Subsidiaries	$	—	$	64	$	—	$	—	$	64

	PSE&G		PSEG Power		Other (A)		Eliminations (B)		Consolidated Total
	Millions
Year Ended December 31, 2019
Operating Revenues	$	6,625	$	4,385	$	549	$	(1,483)	$	10,076
Depreciation and Amortization	837		377		34		—		1,248
Operating Income (Loss)	1,469		448		26		—		1,943
Income from Equity Method Investments	—		14		—		—		14
Interest Income	18		7		6		(5)		26
Interest Expense	361		119		94		(5)		569
Income (Loss) before Income Taxes	1,343		671		(64)		—		1,950
Income Tax Expense (Benefit)	93		203		(39)		—		257
Net Income (Loss) (C)	$	1,250	$	468	$	(25)	$	—	$	1,693
Gross Additions to Long-Lived Assets	$	2,542	$	607	$	17	$	—	$	3,166
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

	PSE&G		PSEG Power		Other (A)		Eliminations (B)		Consolidated Total
	Millions
Year Ended December 31, 2018
Operating Revenues	$	6,471	$	4,146	$	571	$	(1,492)	$	9,696
Depreciation and Amortization	770		354		34		—		1,158
Operating Income (Loss)	1,606		596		96		—		2,298
Income from Equity Method Investments	—		15		—		—		15
Interest Income	21		5		9		(6)		29
Interest Expense	333		76		73		(6)		476
Income (Loss) before Income Taxes	1,411		431		13		—		1,855
Income Tax Expense (Benefit)	344		66		7		—		417
Net Income (Loss)	$	1,067	$	365	$	6	$	—	$	1,438
Gross Additions to Long-Lived Assets	$	2,896	$	996	$	20	$	—	$	3,912
As of December 31, 2018
Total Assets	$	31,109	$	12,594	$	2,604	$	(981)	$	45,326
Investments in Equity Method Subsidiaries	$	—	$	86	$	—	$	—	$	86

(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 corporation) 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 26. Related-Party Transactions.

(C)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.