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Consolidated Statements Of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net Income $ (648) [1] $ 1,905 [1] $ 1,693
Other Comprehensive Income (Loss), net of tax      
Unrealized Gains (Losses) on Available-for-Sale Securities, net of tax (expense) benefit for the years ended (39) 25 41
Unrealized Gains (Losses) on Cash Flow Hedges, net of tax (expense) benefit for the years ended 3 6 (14)
Pension/OPEB adjustment, net of tax (expense) benefit for the years ended 190 (46) (58)
Other Comprehensive Income (Loss), net of tax 154 (15) (31)
Comprehensive Income (494) 1,890 1,662
Public Service Electric and Gas Company      
Net Income 1,446 1,327 1,250
Other Comprehensive Income (Loss), net of tax      
Unrealized Gains (Losses) on Available-for-Sale Securities, net of tax (expense) benefit for the years ended (2) 1 3
Other Comprehensive Income (Loss), net of tax (2) 1 3
Comprehensive Income $ 1,444 $ 1,328 $ 1,253
[1] Includes after-tax impairment losses and other charges, including debt extinguishment costs, related to the sale of the fossil generating assets at PSEG Power of $2,158 million in the year ended December 31, 2021. Includes an after-tax gain of $86 million in the year ended December 31, 2020 related to the sale of PSEG Power’s interest in the Yards Creek generation facility and an after-tax loss of $286 million in the year ended December 31, 2019 related to the sale of PSEG Power’s ownership interests in the Keystone and Conemaugh fossil generation plants. See Note 4. Early Plant Retirements/Asset Dispositions and Impairments for additional information.(D)Includes net after-tax losses of $446 million and $58 million in the years ended December 31, 2021 and 2020 and a net after-tax gain of $205 million in the year ended December 31, 2019 at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consists of the financial impact from positions with future delivery dates.