Other Income (Deductions)

3 Months Ended

Mar. 31, 2021

Component of Other Income (Deductions) [Line Items]

Other Income (Deductions)

Other Income (Deductions)

	PSE&G		PSEG Power		Other (A)		Consolidated
	Millions
Three Months Ended March 31, 2021
NDT Fund Interest and Dividends	$	—	$	13	$	—	$	13
Allowance for Funds Used During Construction	23		—		—		23
Solar Loan Interest	3		—		—		3
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(16)		—		(16)
Other	2		(1)		1		2
Total Other Income (Deductions)	$	28	$	(4)	$	1	$	25
Three Months Ended March 31, 2020
NDT Fund Interest and Dividends	$	—	$	13	$	—	$	13
Allowance for Funds Used During Construction	21		—		—		21
Solar Loan Interest	4		—		—		4
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(35)		—		(35)
Other	2		(1)		—		1
Total Other Income (Deductions)	$	27	$	(23)	$	—	$	4

(A)Other consists of activity at PSEG (as parent company), Energy Holdings, Services, PSEG LI and intercompany eliminations.

Public Service Electric and Gas Company [Member]

Component of Other Income (Deductions) [Line Items]

Other Income (Deductions)

Other Income (Deductions)

	PSE&G		PSEG Power		Other (A)		Consolidated
	Millions
Three Months Ended March 31, 2021
NDT Fund Interest and Dividends	$	—	$	13	$	—	$	13
Allowance for Funds Used During Construction	23		—		—		23
Solar Loan Interest	3		—		—		3
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(16)		—		(16)
Other	2		(1)		1		2
Total Other Income (Deductions)	$	28	$	(4)	$	1	$	25
Three Months Ended March 31, 2020
NDT Fund Interest and Dividends	$	—	$	13	$	—	$	13
Allowance for Funds Used During Construction	21		—		—		21
Solar Loan Interest	4		—		—		4
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(35)		—		(35)
Other	2		(1)		—		1
Total Other Income (Deductions)	$	27	$	(23)	$	—	$	4

(A)Other consists of activity at PSEG (as parent company), Energy Holdings, Services, PSEG LI and intercompany eliminations.

PSEG Power [Member]

Component of Other Income (Deductions) [Line Items]

Other Income (Deductions)

Other Income (Deductions)

	PSE&G		PSEG Power		Other (A)		Consolidated
	Millions
Three Months Ended March 31, 2021
NDT Fund Interest and Dividends	$	—	$	13	$	—	$	13
Allowance for Funds Used During Construction	23		—		—		23
Solar Loan Interest	3		—		—		3
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(16)		—		(16)
Other	2		(1)		1		2
Total Other Income (Deductions)	$	28	$	(4)	$	1	$	25
Three Months Ended March 31, 2020
NDT Fund Interest and Dividends	$	—	$	13	$	—	$	13
Allowance for Funds Used During Construction	21		—		—		21
Solar Loan Interest	4		—		—		4
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(35)		—		(35)
Other	2		(1)		—		1
Total Other Income (Deductions)	$	27	$	(23)	$	—	$	4

(A)Other consists of activity at PSEG (as parent company), Energy Holdings, Services, PSEG LI and intercompany eliminations.