Other Income (Deductions)

9 Months Ended

Sep. 30, 2021

Component of Other Income (Deductions) [Line Items]

Other Income (Deductions)

Other Income (Deductions)

	PSE&G		PSEG Power		Other (A)		Consolidated
	Millions
Three Months Ended September 30, 2021
NDT Fund Interest and Dividends	$	—	$	18	$	—	$	18
Allowance for Funds Used During Construction	16		—		—		16
Solar Loan Interest	3		—		—		3
Other	1		(2)		(1)		(2)
Total Other Income (Deductions)	$	20	$	16	$	(1)	$	35
Nine Months Ended September 30, 2021
NDT Fund Interest and Dividends	$	—	$	45	$	—	$	45
Allowance for Funds Used During Construction	58		—		—		58
Solar Loan Interest	10		—		—		10
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(19)		—		(19)
Other	4		(6)		1		(1)
Total Other Income (Deductions)	$	72	$	20	$	1	$	93
Three Months Ended September 30, 2020
NDT Fund Interest and Dividends	$	—	$	12	$	—	$	12
Allowance for Funds Used During Construction	24		—		—		24
Solar Loan Interest	3		—		—		3
Other	1		(1)		—		—
Total Other Income (Deductions)	$	28	$	11	$	—	$	39
Nine Months Ended September 30, 2020
NDT Fund Interest and Dividends	$	—	$	39	$	—	$	39
Allowance for Funds Used During Construction	65		—		—		65
Solar Loan Interest	11		—		—		11
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(36)		—		(36)
Other	5		(3)		—		2
Total Other Income (Deductions)	$	81	$	—	$	—	$	81

(A)Other consists of activity at PSEG (as parent company), Energy Holdings, Services, PSEG LI and intercompany eliminations.

Public Service Electric and Gas Company [Member]

Component of Other Income (Deductions) [Line Items]

Other Income (Deductions)

Other Income (Deductions)

	PSE&G		PSEG Power		Other (A)		Consolidated
	Millions
Three Months Ended September 30, 2021
NDT Fund Interest and Dividends	$	—	$	18	$	—	$	18
Allowance for Funds Used During Construction	16		—		—		16
Solar Loan Interest	3		—		—		3
Other	1		(2)		(1)		(2)
Total Other Income (Deductions)	$	20	$	16	$	(1)	$	35
Nine Months Ended September 30, 2021
NDT Fund Interest and Dividends	$	—	$	45	$	—	$	45
Allowance for Funds Used During Construction	58		—		—		58
Solar Loan Interest	10		—		—		10
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(19)		—		(19)
Other	4		(6)		1		(1)
Total Other Income (Deductions)	$	72	$	20	$	1	$	93
Three Months Ended September 30, 2020
NDT Fund Interest and Dividends	$	—	$	12	$	—	$	12
Allowance for Funds Used During Construction	24		—		—		24
Solar Loan Interest	3		—		—		3
Other	1		(1)		—		—
Total Other Income (Deductions)	$	28	$	11	$	—	$	39
Nine Months Ended September 30, 2020
NDT Fund Interest and Dividends	$	—	$	39	$	—	$	39
Allowance for Funds Used During Construction	65		—		—		65
Solar Loan Interest	11		—		—		11
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(36)		—		(36)
Other	5		(3)		—		2
Total Other Income (Deductions)	$	81	$	—	$	—	$	81

(A)Other consists of activity at PSEG (as parent company), Energy Holdings, Services, PSEG LI and intercompany eliminations.

PSEG Power [Member]

Component of Other Income (Deductions) [Line Items]

Other Income (Deductions)

Other Income (Deductions)

	PSE&G		PSEG Power		Other (A)		Consolidated
	Millions
Three Months Ended September 30, 2021
NDT Fund Interest and Dividends	$	—	$	18	$	—	$	18
Allowance for Funds Used During Construction	16		—		—		16
Solar Loan Interest	3		—		—		3
Other	1		(2)		(1)		(2)
Total Other Income (Deductions)	$	20	$	16	$	(1)	$	35
Nine Months Ended September 30, 2021
NDT Fund Interest and Dividends	$	—	$	45	$	—	$	45
Allowance for Funds Used During Construction	58		—		—		58
Solar Loan Interest	10		—		—		10
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(19)		—		(19)
Other	4		(6)		1		(1)
Total Other Income (Deductions)	$	72	$	20	$	1	$	93
Three Months Ended September 30, 2020
NDT Fund Interest and Dividends	$	—	$	12	$	—	$	12
Allowance for Funds Used During Construction	24		—		—		24
Solar Loan Interest	3		—		—		3
Other	1		(1)		—		—
Total Other Income (Deductions)	$	28	$	11	$	—	$	39
Nine Months Ended September 30, 2020
NDT Fund Interest and Dividends	$	—	$	39	$	—	$	39
Allowance for Funds Used During Construction	65		—		—		65
Solar Loan Interest	11		—		—		11
Purchases of Tax Losses under New Jersey Technology Tax Benefit Transfer Program	—		(36)		—		(36)
Other	5		(3)		—		2
Total Other Income (Deductions)	$	81	$	—	$	—	$	81

(A)Other consists of activity at PSEG (as parent company), Energy Holdings, Services, PSEG LI and intercompany eliminations.