Other Income (Deductions)

6 Months Ended

Jun. 30, 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 June 30, 2021
NDT Fund Interest and Dividends	$	—	$	14	$	—	$	14
Allowance for Funds Used During Construction	19		—		—		19
Solar Loan Interest	4		—		—		4
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(3)		—		(3)
Other	1		(3)		1		(1)
Total Other Income (Deductions)	$	24	$	8	$	1	$	33
Six Months Ended June 30, 2021
NDT Fund Interest and Dividends	$	—	$	27	$	—	$	27
Allowance for Funds Used During Construction	42		—		—		42
Solar Loan Interest	7		—		—		7
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(19)		—		(19)
Other	3		(4)		2		1
Total Other Income (Deductions)	$	52	$	4	$	2	$	58
Three Months Ended June 30, 2020
NDT Fund Interest and Dividends	$	—	$	14	$	—	$	14
Allowance for Funds Used During Construction	20		—		—		20
Solar Loan Interest	4		—		—		4
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(1)		—		(1)
Other	2		(1)		—		1
Total Other Income (Deductions)	$	26	$	12	$	—	$	38
Six Months Ended June 30, 2020
NDT Fund Interest and Dividends	$	—	$	27	$	—	$	27
Allowance for Funds Used During Construction	41		—		—		41
Solar Loan Interest	8		—		—		8
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(36)		—		(36)
Other	4		(2)		—		2
Total Other Income (Deductions)	$	53	$	(11)	$	—	$	42

(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 June 30, 2021
NDT Fund Interest and Dividends	$	—	$	14	$	—	$	14
Allowance for Funds Used During Construction	19		—		—		19
Solar Loan Interest	4		—		—		4
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(3)		—		(3)
Other	1		(3)		1		(1)
Total Other Income (Deductions)	$	24	$	8	$	1	$	33
Six Months Ended June 30, 2021
NDT Fund Interest and Dividends	$	—	$	27	$	—	$	27
Allowance for Funds Used During Construction	42		—		—		42
Solar Loan Interest	7		—		—		7
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(19)		—		(19)
Other	3		(4)		2		1
Total Other Income (Deductions)	$	52	$	4	$	2	$	58
Three Months Ended June 30, 2020
NDT Fund Interest and Dividends	$	—	$	14	$	—	$	14
Allowance for Funds Used During Construction	20		—		—		20
Solar Loan Interest	4		—		—		4
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(1)		—		(1)
Other	2		(1)		—		1
Total Other Income (Deductions)	$	26	$	12	$	—	$	38
Six Months Ended June 30, 2020
NDT Fund Interest and Dividends	$	—	$	27	$	—	$	27
Allowance for Funds Used During Construction	41		—		—		41
Solar Loan Interest	8		—		—		8
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(36)		—		(36)
Other	4		(2)		—		2
Total Other Income (Deductions)	$	53	$	(11)	$	—	$	42

(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 June 30, 2021
NDT Fund Interest and Dividends	$	—	$	14	$	—	$	14
Allowance for Funds Used During Construction	19		—		—		19
Solar Loan Interest	4		—		—		4
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(3)		—		(3)
Other	1		(3)		1		(1)
Total Other Income (Deductions)	$	24	$	8	$	1	$	33
Six Months Ended June 30, 2021
NDT Fund Interest and Dividends	$	—	$	27	$	—	$	27
Allowance for Funds Used During Construction	42		—		—		42
Solar Loan Interest	7		—		—		7
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(19)		—		(19)
Other	3		(4)		2		1
Total Other Income (Deductions)	$	52	$	4	$	2	$	58
Three Months Ended June 30, 2020
NDT Fund Interest and Dividends	$	—	$	14	$	—	$	14
Allowance for Funds Used During Construction	20		—		—		20
Solar Loan Interest	4		—		—		4
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(1)		—		(1)
Other	2		(1)		—		1
Total Other Income (Deductions)	$	26	$	12	$	—	$	38
Six Months Ended June 30, 2020
NDT Fund Interest and Dividends	$	—	$	27	$	—	$	27
Allowance for Funds Used During Construction	41		—		—		41
Solar Loan Interest	8		—		—		8
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(36)		—		(36)
Other	4		(2)		—		2
Total Other Income (Deductions)	$	53	$	(11)	$	—	$	42

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