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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income [1] $ 1,287 $ (2)
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 282 283
Amortization of Nuclear Fuel 48 50
(Gains) Losses on Asset Dispositions and Impairments 0 43
Emission Allowances and Renewable Energy Credit Compliance Accrual 3 28
Provision for Deferred Income Taxes and ITC 213 (331)
Non-Cash Employee Benefit Plan (Credits) Costs 9 (60)
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives (771) 847
Payments for Removal Costs (41) (30)
Net Change in Regulatory Assets and Liabilities (65) (122)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (58) 54
Net Change in Certain Current Assets and Liabilities:    
Tax Receivable 70 1
Accrued Taxes 85 215
Margin Deposit 794 (683)
Obligation to Return Cash Collateral (186) 205
Other Current Assets and Liabilities 169 20
Employee Benefit Plan Funding and Related Payments (12) (6)
Other (10) 40
Net Cash Provided By (Used In) Operating Activities 1,837 472
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (739) (686)
Proceeds from Sale of Trust Investments 402 501
Purchases of Trust Investments (415) (510)
Proceeds from Sales of Long-Lived Assets and Lease Investments 20 1,890
Other 18 (12)
Net Cash Provided By (Used In) Investing Activities (714) 1,183
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (200) (593)
Repayments of Short-term Debt (750) (1,250)
Proceeds from Issuance of Other Long-term Debt 900 1,750
Payments for Share Repurchase Program 0 (500)
Cash Dividends Paid on Common Stock (284) (271)
Other (46) (12)
Net Cash Provided By (Used In) Financing Activities (380) (876)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 743 779
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 511 863
Cash, Cash Equivalents and Restricted Cash at End of Period 1,254 1,642
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) (72) 0
Interest Paid, Net of Amounts Capitalized 148 115
Accrued Property, Plant and Equipment Expenditures 333 295
Public Service Electric and Gas Company [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 487 509
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 244 241
Provision for Deferred Income Taxes and ITC 27 41
Non-Cash Employee Benefit Plan (Credits) Costs 3 (45)
Payments for Removal Costs (41) (30)
Net Change in Regulatory Assets and Liabilities (65) (122)
Net Change in Certain Current Assets and Liabilities:    
Accounts Receivable and Unbilled Revenues 37 (120)
Fuel, Materials and Supplies (45) (13)
Prepayments (10) (5)
Obligation to Return Cash Collateral (186) 205
Accounts Payable (83) (26)
Accounts Receivable/Payable-Affiliated Companies, net 8 86
Other Current Assets and Liabilities 31 44
Employee Benefit Plan Funding and Related Payments (7) (3)
Other 22 26
Net Cash Provided By (Used In) Operating Activities 378 736
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (676) (628)
Proceeds from Sale of Trust Investments 1 5
Purchases of Trust Investments (1) (4)
Solar Loan Investments 4 4
Other (1) 2
Net Cash Provided By (Used In) Investing Activities (673) (621)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from Issuance of Other Long-term Debt 900 500
Other (8) (5)
Net Cash Provided By (Used In) Financing Activities 892 495
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 597 610
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 266 339
Cash, Cash Equivalents and Restricted Cash at End of Period 863 949
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) (10) 0
Interest Paid, Net of Amounts Capitalized 102 95
Accrued Property, Plant and Equipment Expenditures $ 308 $ 245
[1] Includes net after-tax gains of $555 million and net after-tax losses of $608 million for the three months ended March 31, 2023 and 2022, respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.