Financial Information By Business Segments (Tables)

9 Months Ended

Sep. 30, 2023

Financial Information By Business Segments



	PSE&G		PSEG Power & Other		Eliminations (A)		Consolidated Total
	Millions
Three Months Ended September 30, 2023
Operating Revenues	$	1,999	$	546	$	(89)	$	2,456
Net Income (B)	401		(262)		—		139
Gross Additions to Long-Lived Assets	813		103		—		916
Nine Months Ended September 30, 2023
Operating Revenues	$	5,954	$	3,475	$	(797)	$	8,632
Net Income (B)	1,224		793		—		2,017
Gross Additions to Long-Lived Assets	2,149		211		—		2,360
Three Months Ended September 30, 2022
Operating Revenues	$	1,953	$	433	$	(114)	$	2,272
Net Income (Loss) (B)	399		(285)		—		114
Gross Additions to Long-Lived Assets	700		97		—		797
Nine Months Ended September 30, 2022
Operating Revenues	$	5,905	$	1,691	$	(935)	$	6,661
Net Income (Loss) (B)	1,213		(970)		—		243
Gross Additions to Long-Lived Assets	1,871		217		—		2,088
As of September 30, 2023
Total Assets	$	41,867	$	7,916	$	(231)	$	49,552
Investments in Equity Method Subsidiaries	$	—	$	15	$	—	$	15
As of December 31, 2022
Total Assets	$	39,960	$	9,285	$	(527)	$	48,718
Investments in Equity Method Subsidiaries	$	—	$	306	$	—	$	306

(A)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 19. Related-Party Transactions.

(B)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) .