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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and Cash Equivalents $ 57 $ 465
Accounts Receivable, net of allowance 1,417 1,944
Tax Receivable 8 79
Unbilled Revenues, net of allowance 165 322
Fuel 284 420
Materials and Supplies, net 686 540
Prepayments 297 93
Derivative Contracts 70 18
Regulatory Assets 257 369
Assets Held-for-sale 0 20
Other 42 33
Total Current Assets 3,283 4,303
PROPERTY, PLANT AND EQUIPMENT 47,990 45,924
Less: Accumulated Depreciation and Amortization (10,536) (9,982)
Net Property, Plant and Equipment 37,454 35,942
NONCURRENT ASSETS    
Regulatory Assets 4,911 4,404
Operating Lease, Right-of-Use Asset 178 176
Long-Term Investments 298 624
Nuclear Decommissioning Trust (NDT) Fund 2,316 2,230
Long-Term Tax Receivable 0 5
Long-Term Receivable of Variable Interest Entities (VIEs) 563 551
Rabbi Trust Fund 167 183
Other Intangibles 23 14
Derivative Contracts 36 15
Other 323 271
Total Noncurrent Assets 8,815 8,473
Total Assets 49,552 48,718
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 2,000 1,575
Commercial Paper and Loans 695 2,200
Accounts Payable 1,120 1,271
Derivative Contracts 60 124
Accrued Interest 162 134
Accrued Taxes 12 12
Clean Energy Program 186 145
Obligation to Return Cash Collateral 93 290
Regulatory Liabilities 385 384
Other 477 545
Total Current Liabilities 5,190 6,680
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,478 5,725
Regulatory Liabilities 2,124 2,240
Operating Leases 173 169
Asset Retirement Obligations 1,531 1,499
Environmental Costs 220 231
Derivative Contracts 5 33
Long-Term Accrued Taxes 55 66
Other 200 199
Total Noncurrent Liabilities 12,157 11,814
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 17,039 16,495
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 5,008 5,065
Treasury Stock, at cost (1,384) (1,377)
Retained Earnings 11,755 10,591
Accumulated Other Comprehensive Income (Loss) (213) (550)
Total Stockholder's Equity 15,166 13,729
Total Capitalization 32,205 30,224
TOTAL LIABILITIES AND CAPITALIZATION 49,552 48,718
Consolidated Entity Excluding Variable Interest Entities (VIE)    
NONCURRENT LIABILITIES    
OPEB Costs 395 410
Accrued Pension Costs 428 705
Variable Interest Entity, Primary Beneficiary    
NONCURRENT LIABILITIES    
OPEB Costs 472 455
Accrued Pension Costs 76 82
Public Service Electric and Gas Company [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 26 220
Unbilled Revenues, net of allowance 165 322
Materials and Supplies, net 438 307
Prepayments 161 7
Regulatory Assets 257 369
Other 41 32
Total Current Assets 2,160 2,332
PROPERTY, PLANT AND EQUIPMENT 42,933 41,045
Less: Accumulated Depreciation and Amortization (8,563) (8,215)
Net Property, Plant and Equipment 34,370 32,830
NONCURRENT ASSETS    
Regulatory Assets 4,911 4,404
Operating Lease, Right-of-Use Asset 96 86
Long-Term Investments 124 143
Rabbi Trust Fund 30 32
Other 176 133
Total Noncurrent Assets 5,337 4,798
Total Assets 41,867 39,960
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 500 825
Commercial Paper and Loans 100 0
Accrued Interest 123 113
Clean Energy Program 186 145
Obligation to Return Cash Collateral 93 290
Regulatory Liabilities 385 384
Other 376 416
Total Current Liabilities 2,653 3,361
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,808 5,348
Regulatory Liabilities 2,124 2,240
Operating Leases 86 77
Asset Retirement Obligations 377 384
OPEB Costs 242 255
Accrued Pension Costs 253 397
Environmental Costs 163 173
Long-Term Accrued Taxes 9 9
Other 161 163
Total Noncurrent Liabilities 9,223 9,046
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 13,160 11,871
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 1,170 1,170
Basis Adjustment 986 986
Retained Earnings 13,788 12,639
Accumulated Other Comprehensive Income (Loss) (5) (5)
Total Stockholder's Equity 16,831 15,682
Total Capitalization 29,991 27,553
TOTAL LIABILITIES AND CAPITALIZATION 41,867 39,960
Public Service Electric and Gas Company [Member] | Nonrelated Party    
CURRENT ASSETS    
Accounts Receivable, net of allowance 1,052 1,075
CURRENT LIABILITIES    
Accounts Payable 721 703
Public Service Electric and Gas Company [Member] | Related Party    
CURRENT ASSETS    
Accounts Receivable, net of allowance 20 0
CURRENT LIABILITIES    
Accounts Payable $ 169 $ 485