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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues $ 2,456 $ 2,272 $ 8,632 $ 6,661
Operating Expenses [Abstract]        
Energy Costs 831 1,012 2,517 3,022
Operation and Maintenance 792 765 2,279 2,310
Depreciation and Amortization 282 270 843 822
(Gains) Losses on Asset Dispositions and Impairments 0 52 0 90
Total Operating Expenses 1,905 2,099 5,639 6,244
OPERATING INCOME (LOSS) 551 173 2,993 417
Income from Equity Method Investments 0 5 1 16
Net Gains (Losses) on Trust Investments (40) (97) 63 (352)
Other Income (Deductions) 41 43 132 86
Non-Operating Pension and OPEB Credits (Costs) (302) 94 (245) 282
Interest Expense (185) (163) (550) (450)
Income Before Income Taxes 65 55 2,394 (1)
Income Tax Benefit (Expense) 74 59 (377) 244
Net Income (Loss) [1] $ 139 $ 114 $ 2,017 $ 243
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
BASIC (shares) 498 497 497 498
DILUTED (shares) 500 500 500 501
EARNINGS PER SHARE:        
BASIC (dollars per share) $ 0.28 $ 0.23 $ 4.06 $ 0.49
DILUTED (dollars per share) $ 0.27 $ 0.22 $ 4.03 $ 0.48
Public Service Electric and Gas Company [Member]        
Operating Revenues $ 1,999 $ 1,953 $ 5,954 $ 5,905
Operating Expenses [Abstract]        
Energy Costs 765 791 2,300 2,389
Operation and Maintenance 459 452 1,348 1,349
Depreciation and Amortization 244 229 728 697
(Gains) Losses on Asset Dispositions and Impairments 0 (1) 0 (1)
Total Operating Expenses 1,468 1,471 4,376 4,434
OPERATING INCOME (LOSS) 531 482 1,578 1,471
Net Gains (Losses) on Trust Investments 0 0 0 (2)
Other Income (Deductions) 21 25 65 66
Non-Operating Pension and OPEB Credits (Costs) 30 70 86 211
Interest Expense (128) (109) (364) (319)
Income Before Income Taxes 454 468 1,365 1,427
Income Tax Benefit (Expense) (53) (69) (141) (214)
Net Income (Loss) $ 401 $ 399 $ 1,224 $ 1,213
[1] Includes net after-tax gains (losses) of $(17) million and $(214) million for the three months and $750 million and $(896) million for the nine months ended September 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. Includes a $239 million after-tax pension charge due to the remeasurement of the qualified pension plans as a result of the pension settlement transaction for the three and nine months ended September 30, 2023. See Note 9. Pension and Other Postretirement Benefits (OPEB) .