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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ (1,093) [1] $ 1,474 [2]
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 946 956
Amortization of Nuclear Fuel 143 144
(Gains) Losses on Asset Dispositions and Impairments 2,615 (122)
Emission Allowances and Renewable Energy Credit Compliance Accrual 116 115
Provision for Deferred Income Taxes and ITC (955) 40
Non-Cash Employee Benefit Plan (Credits) Costs (134) (79)
Leveraged Lease (Income), (Gains) and Losses, Adjusted for Rents Received and Deferred Taxes 7 (155)
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 996 81
Cost of Removal (88) (77)
Net Change in Regulatory Assets and Liabilities (47) 4
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (154) (107)
Net Change in Certain Current Assets and Liabilities:    
Tax Receivable 56 68
Accrued Taxes (103) 228
Margin Deposit (945) (12)
Other Current Assets and Liabilities (193) 19
Employee Benefit Plan Funding and Related Payments (18) (12)
Other (29) 48
Net Cash Provided By (Used In) Operating Activities 1,178 2,517
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (2,046) (2,092)
Purchase of Emissions Allowances and RECs (83) (94)
Proceeds from Sale of Available-for-Sale Securities 1,657 1,796
Investments in Available-for-Sale Securities (1,655) (1,817)
Proceeds from Sales of Long-Lived Assets and Lease Investments 565 300
Other (21) 52
Net Cash Provided By (Used In) Investing Activities (1,583) (1,855)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans 442 (1,115)
Proceeds from Short-Term Loan 2,500 800
Repayments of Short-term Debt (300) (500)
Proceeds from Issuance of Other Long-term Debt 1,325 2,450
Redemption of Long-term Debt (1,428) (656)
Cash Dividends Paid on Common Stock (773) (743)
Other (73) (75)
Net Cash Provided By (Used In) Financing Activities 1,693 161
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 1,288 823
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 572 176
Cash, Cash Equivalents and Restricted Cash at End of Period 1,860 999
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 340 176
Interest Paid, Net of Amounts Capitalized 380 384
Accrued Property, Plant and Equipment Expenditures 288 449
Public Service Electric and Gas Company [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 1,175 1,036
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 698 657
(Gains) Losses on Asset Dispositions and Impairments (4) 0
Provision for Deferred Income Taxes and ITC 96 58
Non-Cash Employee Benefit Plan (Credits) Costs (117) (77)
Cost of Removal (88) (77)
Net Change in Regulatory Assets and Liabilities (47) 4
Net Change in Certain Current Assets and Liabilities:    
Accounts Receivable and Unbilled Revenues 25 8
Fuel, Materials and Supplies (16) 0
Prepayments (89) (57)
Accounts Payable (73) 46
Accounts Receivable/Payable-Affiliated Companies, net (211) (88)
Other Current Assets and Liabilities (4) (9)
Employee Benefit Plan Funding and Related Payments (6) (1)
Other 60 76
Net Cash Provided By (Used In) Operating Activities 1,283 1,424
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (1,818) (1,777)
Proceeds from Sale of Available-for-Sale Securities 29 32
Investments in Available-for-Sale Securities (22) (32)
Solar Loan Investments 16 5
Other 10 9
Net Cash Provided By (Used In) Investing Activities (1,785) (1,763)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (100) (362)
Proceeds from Issuance of Other Long-term Debt 1,325 1,350
Redemption of Long-term Debt (434) (250)
Cash Dividends Paid on Common Stock 0 (175)
Other (13) (17)
Net Cash Provided By (Used In) Financing Activities 778 546
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 276 207
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 233 50
Cash, Cash Equivalents and Restricted Cash at End of Period 509 257
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 188 143
Interest Paid, Net of Amounts Capitalized 279 261
Accrued Property, Plant and Equipment Expenditures 252 366
PSEG Power [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (2,255) 437
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 225 276
Amortization of Nuclear Fuel 143 144
(Gains) Losses on Asset Dispositions and Impairments 2,619 (122)
Emission Allowances and Renewable Energy Credit Compliance Accrual 116 115
Provision for Deferred Income Taxes and ITC (1,108) (1)
Non-Cash Employee Benefit Plan (Credits) Costs (15) (4)
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 996 81
Interest Accretion on Asset Retirement Obligations 33 31
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (154) (107)
Net Change in Certain Current Assets and Liabilities:    
Fuel, Materials and Supplies (79) (30)
Margin Deposit (945) (12)
Accounts Receivable 22 43
Accounts Payable 10 (51)
Accounts Receivable/Payable-Affiliated Companies, net 244 242
Other Current Assets and Liabilities (7) 9
Employee Benefit Plan Funding and Related Payments (7) (6)
Other 4 45
Net Cash Provided By (Used In) Operating Activities (166) 1,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (222) (307)
Purchase of Emissions Allowances and RECs (83) (94)
Proceeds from Sale of Available-for-Sale Securities 1,554 1,673
Investments in Available-for-Sale Securities (1,565) (1,695)
Proceeds from Sales of Long-Lived Assets and Lease Investments 565 151
Short-Term Loan-Affiliated Company (161) 184
Other 39 32
Net Cash Provided By (Used In) Investing Activities 449 (424)
CASH FLOWS FROM FINANCING ACTIVITIES    
Redemption of Long-term Debt (994) (406)
Short-Term Loan-Affiliated Company 862 0
Cash Dividends Paid on Common Stock (175) (175)
Other 0 (1)
Net Cash Provided By (Used In) Financing Activities (307) (582)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash (24) (6)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 27 21
Cash, Cash Equivalents and Restricted Cash at End of Period 3 15
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) 195 83
Interest Paid, Net of Amounts Capitalized 53 71
Accrued Property, Plant and Equipment Expenditures $ 36 $ 83
[1] Includes after-tax impairment losses and other charges related to the pending sale of the Fossil generating assets at PSEG Power of $1,563 million and $1,936 million for the three and nine months ended September 30, 2021, respectively. See Note 4. Early Plant Retirements/Asset Dispositions and Impairments for additional information. Also includes net after-tax losses of $478 million and $718 million for the three and nine months ended September 30, 2021 related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.
[2] Includes an after-tax gain of $86 million in the three and nine months ended September 30, 2020 related to the sale of PSEG Power’s interest in the Yards Creek generation facility. See Note 4. Early Plant Retirements/Asset Dispositions and Impairments