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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues $ 2,421 $ 2,076 $ 6,176 $ 4,389
Operating Expenses [Abstract]        
Energy Costs 604 765 1,686 2,010
Operation and Maintenance 744 751 1,487 1,545
Depreciation and Amortization 279 269 561 552
(Gains) Losses on Asset Dispositions and Impairments 0 (5) 0 38
Total Operating Expenses 1,627 1,780 3,734 4,145
OPERATING INCOME (LOSS) 794 296 2,442 244
Income from Equity Method Investments 0 7 1 11
Net Gains (Losses) on Trust Investments 57 (187) 103 (255)
Other Income (Deductions) 49 38 91 43
Non-Operating Pension and OPEB Credits (Costs) 29 94 57 188
Interest Expense (185) (150) (365) (287)
Income Before Income Taxes 744 98 2,329 (56)
Income Tax Benefit (Expense) (153) 33 (451) 185
Net Income (Loss) [1] $ 591 $ 131 $ 1,878 $ 129
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
BASIC (shares) 497 497 497 499
DILUTED (shares) 500 500 500 502
EARNINGS PER SHARE:        
BASIC (dollars per share) $ 1.19 $ 0.26 $ 3.78 $ 0.26
DILUTED (dollars per share) $ 1.18 $ 0.26 $ 3.76 $ 0.26
Public Service Electric and Gas Company [Member]        
Operating Revenues $ 1,662 $ 1,668 $ 3,955 $ 3,952
Operating Expenses [Abstract]        
Energy Costs 551 630 1,535 1,598
Operation and Maintenance 429 434 889 897
Depreciation and Amortization 240 227 484 468
Total Operating Expenses 1,220 1,291 2,908 2,963
OPERATING INCOME (LOSS) 442 377 1,047 989
Net Gains (Losses) on Trust Investments 0 (2) 0 (2)
Other Income (Deductions) 23 22 44 41
Non-Operating Pension and OPEB Credits (Costs) 28 71 56 141
Interest Expense (123) (107) (236) (210)
Income Before Income Taxes 370 361 911 959
Income Tax Benefit (Expense) (34) (56) (88) (145)
Net Income (Loss) $ 336 $ 305 $ 823 $ 814
[1] Includes net after-tax gains (losses) of $212 million and $(74) million for the three months and $767 million and $(682) million for the six months ended June 30, 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.