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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Revenues $ 1,874 $ 2,050 $ 4,763 $ 4,831
Operating Expenses [Abstract]        
Energy Costs 606 595 1,635 1,501
Operation and Maintenance 783 733 1,561 1,487
Depreciation and Amortization 322 315 663 639
(Gains) Losses on Asset Dispositions and Impairments 457 0 457 0
Total Operating Expenses 2,168 1,643 4,316 3,627
OPERATING INCOME (294) 407 447 1,204
Income from Equity Method Investments 6 3 9 6
Net Gains (Losses) on Trust Investments 81 201 141 (20)
Other Income (Deductions) 33 38 58 42
Non-Operating Pension and OPEB Credits (Costs) 82 62 164 124
Interest Expense (147) (151) (293) (304)
Income Before Income Taxes (239) 560 526 1,052
Income Tax Benefit (Expense) 62 (109) (55) (153)
Net Income (Loss) $ (177) $ 451 $ 471 $ 899
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
BASIC (shares) 504 504 504 504
DILUTED (shares) 504 507 507 507
EARNINGS PER SHARE:        
BASIC (dollars per share) $ (0.35) $ 0.89 $ 0.94 $ 1.78
DILUTED (dollars per share) $ (0.35) $ 0.89 $ 0.93 $ 1.77
Public Service Electric and Gas Company [Member]        
Operating Revenues $ 1,514 $ 1,456 $ 3,587 $ 3,339
Operating Expenses [Abstract]        
Energy Costs 509 510 1,358 1,218
Operation and Maintenance 393 380 817 766
Depreciation and Amortization 231 217 472 439
Total Operating Expenses 1,133 1,107 2,647 2,423
OPERATING INCOME 381 349 940 916
Net Gains (Losses) on Trust Investments 0 1 1 1
Other Income (Deductions) 24 26 52 53
Non-Operating Pension and OPEB Credits (Costs) 66 52 132 103
Interest Expense (101) (98) (199) (194)
Income Before Income Taxes 370 330 926 879
Income Tax Benefit (Expense) (61) (47) (140) (156)
Net Income (Loss) 309 283 786 723
PSEG Power [Member]        
Operating Revenues 380 683 1,547 1,903
Operating Expenses [Abstract]        
Energy Costs 271 323 953 999
Operation and Maintenance 259 225 481 466
Depreciation and Amortization 83 91 175 185
(Gains) Losses on Asset Dispositions and Impairments 457 0 457 0
Total Operating Expenses 1,070 639 2,066 1,650
OPERATING INCOME (690) 44 (519) 253
Income from Equity Method Investments 6 3 9 6
Net Gains (Losses) on Trust Investments 79 196 137 (24)
Other Income (Deductions) 8 12 4 (11)
Non-Operating Pension and OPEB Credits (Costs) 11 9 23 17
Interest Expense (24) (30) (51) (64)
Income Before Income Taxes (610) 234 (397) 177
Income Tax Benefit (Expense) 127 (64) 75 6
Net Income (Loss) $ (483) $ 170 $ (322) $ 183