Financial Information By Business Segments (Tables)

6 Months Ended

Jun. 30, 2021

Financial Information By Business Segments



	PSE&G		PSEG Power		Other (A)		Eliminations (B)		Consolidated Total
	Millions
Three Months Ended June 30, 2021
Total Operating Revenues	$	1,514	$	380	$	155	$	(175)	$	1,874
Net Income (Loss) (C)	309		$	(483)	(3)		—		(177)
Gross Additions to Long-Lived Assets	633		$	36	1		—		670
Six Months Ended June 30, 2021
Operating Revenues	$	3,587	$	1,547	$	306	$	(677)	$	4,763
Net Income (Loss) (C)	786		(322)		7		—		471
Gross Additions to Long-Lived Assets	1,219		82		2		—		1,303
Three Months Ended June 30, 2020
Total Operating Revenues	$	1,456	$	683	$	148	$	(237)	$	2,050
Net Income (Loss)	283		170		(2)		—		451
Gross Additions to Long-Lived Assets	570		121		3		—		694
Six Months Ended June 30, 2020
Operating Revenues	$	3,339	$	1,903	$	304	$	(715)	$	4,831
Net Income (Loss)	723		183		(7)		—		899
Gross Additions to Long-Lived Assets	1,190		218		6		—		1,414
As of June 30, 2021
Total Assets	$	36,396	$	11,031	$	2,669	$	(804)	$	49,292
Investments in Equity Method Subsidiaries	$	—	$	67	$	91	$	—	$	158
As of December 31, 2020
Total Assets	$	35,581	$	12,704	$	2,692	$	(927)	$	50,050
Investments in Equity Method Subsidiaries	$	—	$	64	$	—	$	—	$	64

(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 company) 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 20. Related-Party Transactions.

(C)Includes a $373 million after-tax impairment of the ISO NE asset grouping at PSEG Power in the three and six months ended June 30, 2021. See Note 4. Early Plant Retirements/Asset Dispositions and Impairments for additional information. Also includes net after-tax losses of $(206) million and $(77) million for the three months ended June 30, 2021 and 2020, respectively, and $(240) million for the six months ended June 30, 2021 related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.