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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 1,905 [1] $ 1,693 [1] $ 1,438
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation and Amortization 1,285 1,248 1,158
Amortization of Nuclear Fuel 184 178 187
Gain (Loss) on Disposition of Assets (123) 402 (54)
Emission Allowances and Renewable Energy Credit Compliance Accrual 151 108 97
Provision for Deferred Income Taxes (Other than Leases) and ITC 139 180 568
Non-Cash Employee Benefit Plan Costs (105) (48) 70
Leveraged Lease Income, Adjusted for Rents Received and Deferred Taxes (135) 18 (144)
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 80 (290) 116
Net Change in Regulatory Assets and Liabilities (101) 25 (153)
Cost of Removal (106) (108) (160)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (278) (296) 98
Net Change in Certain Current Assets and Liabilities:      
Margin Deposits (10) 349 (247)
Tax Receivable 107 77 17
Accrued Taxes 124 (9) (69)
Other Current Assets and Liabilities 73 (145) 70
Employee Benefit Plan Funding and Related Payments (18) (39) (101)
Other (70) 36 22
Net Cash Provided By (Used In) Operating Activities 3,102 3,379 2,913
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant and Equipment (2,923) (3,166) (3,912)
Purchase of Emissions Allowances and RECs (111) (98) (146)
Proceeds from Sale of Available-for-Sale Securities 2,234 1,787 1,501
Investments in Available-for-Sale Securities (2,250) (1,814) (1,473)
Other 73 76 83
Net Cash Provided By (Used In) Investing Activities (2,676) (3,145) (3,916)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Change in Commercial Paper and Loans (352) 99 474
Issuance of Long-Term Debt 2,450 1,900 2,750
Redemption of Long-Term Debt (1,365) (1,250) (1,350)
Cash Dividend Paid (991) (950) (910)
Other (72) (56) (77)
Net Cash Provided By (Used In) Financing Activities (30) (257) 887
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 396 (23) (116)
Cash, Cash Equivalents and Restricted Cash, beginning 176 199 315
Cash, Cash Equivalents and Restricted Cash, ending 572 176 199
Supplemental Disclosure of Cash Flow Information:      
Income Taxes Paid (Received) 297 41 99
Interest Paid, Net of Amounts Capitalized 568 539 454
Accrued Property, Plant and Equipment Expenditures 387 499 517
Proceeds from Sale of Property, Plant, and Equipment 301 70 31
Proceeds from Short-term Debt 800 0 0
Repayments of Short-term Debt (500) 0 0
Public Service Electric and Gas Company      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income 1,327 1,250 1,067
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation and Amortization 887 837 770
Depreciation and Amortization     770
Gain (Loss) on Disposition of Assets (1) 0 0
Provision for Deferred Income Taxes (Other than Leases) and ITC 53 (28) 405
Non-Cash Employee Benefit Plan Costs (103) (62) 37
Net Change in Regulatory Assets and Liabilities (101) 25 (153)
Cost of Removal (106) (108) (160)
Net Change in Certain Current Assets and Liabilities:      
Accounts Receivable and Unbilled Revenues (100) (18) 65
Fuel, Materials and Supplies (2) (14) 1
Prepayments 21 (9) 14
Accounts Payable 44 (59) 64
Accounts Receivable/Payable-Affiliated Companies, net 80 203 (139)
Other Current Assets and Liabilities 60 62 5
Employee Benefit Plan Funding and Related Payments (4) (21) (85)
Other (103) (23) (38)
Net Cash Provided By (Used In) Operating Activities 1,953 2,035 1,853
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant and Equipment (2,507) (2,542) (2,896)
Proceeds from Sale of Available-for-Sale Securities 40 36 20
Investments in Available-for-Sale Securities (40) (34) (22)
Solar Loan Investments 13 8 (5)
Other 12 10 9
Net Cash Provided By (Used In) Investing Activities (2,482) (2,522) (2,894)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Change in Commercial Paper and Loans (262) 90 272
Issuance of Long-Term Debt 1,350 1,150 1,350
Redemption of Long-Term Debt (259) (500) (750)
Contributed Capital 75 0 0
Cash Dividend Paid (175) (250) 0
Other (17) (14) (14)
Net Cash Provided By (Used In) Financing Activities 712 476 858
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 183 (11) (183)
Cash, Cash Equivalents and Restricted Cash, beginning 50 61 244
Cash, Cash Equivalents and Restricted Cash, ending 233 50 61
Supplemental Disclosure of Cash Flow Information:      
Income Taxes Paid (Received) 157 (48) 94
Interest Paid, Net of Amounts Capitalized 369 343 318
Accrued Property, Plant and Equipment Expenditures 323 335 350
PSEG Power LLC      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income 594 468 365
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation and Amortization 368 377 354
Depreciation and Amortization     354
Amortization of Nuclear Fuel 184 178 187
Gain (Loss) on Disposition of Assets (122) 402 (54)
Emission Allowances and Renewable Energy Credit Compliance Accrual 151 108 97
Provision for Deferred Income Taxes (Other than Leases) and ITC 60 248 206
Interest Accretion on Asset Retirement Obligation 42 40 41
Non-Cash Employee Benefit Plan Costs (5) 7 23
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 80 (290) 116
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (278) (296) 98
Net Change in Certain Current Assets and Liabilities:      
Fuel, Materials and Supplies 18 (1) (39)
Margin Deposits (10) 349 (247)
Accounts Receivable 19 (32) 51
Accounts Payable (23) 5 (13)
Accounts Receivable/Payable-Affiliated Companies, net 90 (112) (56)
Other Current Assets and Liabilities (3) 14 (40)
Employee Benefit Plan Funding and Related Payments (8) (11) (9)
Other (46) 25 4
Net Cash Provided By (Used In) Operating Activities 1,111 1,479 1,084
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant and Equipment (404) (607) (996)
Purchase of Emissions Allowances and RECs (111) (98) (146)
Proceeds from Sale of Available-for-Sale Securities 2,083 1,658 1,423
Investments in Available-for-Sale Securities (2,097) (1,685) (1,392)
Increase (Decrease) Due from Affiliates 12 149 0
Other 42 50 39
Net Cash Provided By (Used In) Investing Activities (348) (761) (1,051)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of Long-Term Debt 0 0 700
Redemption of Long-Term Debt (406) 0 (250)
Increase (Decrease) in Due to Affiliates 0 (193) (88)
Cash Dividend Paid (350) (525) (400)
Other (1) (1) (5)
Net Cash Provided By (Used In) Financing Activities (757) (719) (43)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 6 (1) (10)
Cash, Cash Equivalents and Restricted Cash, beginning 21 22 32
Cash, Cash Equivalents and Restricted Cash, ending 27 21 22
Supplemental Disclosure of Cash Flow Information:      
Income Taxes Paid (Received) 127 (41) (92)
Interest Paid, Net of Amounts Capitalized 119 113 73
Accrued Property, Plant and Equipment Expenditures 64 164 167
Proceeds from Sale of Property, Plant, and Equipment $ 151 $ 70 $ 21
[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.