Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Cash, Cash Equivalents and Restricted Cash

The following provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts in the Consolidated Statements of Cash Flows for the years ended December 31, 2020 and 2021. Restricted cash consists primarily of deposits received related to various construction projects at PSE&G.



	PSE&G		Other (A)		Consolidated
	Millions
As of December 31, 2020
Cash and Cash Equivalents	$	204	$	339	$	543
Restricted Cash in Other Current Assets	7		—		7
Restricted Cash in Other Noncurrent Assets	22		—		22
Cash, Cash Equivalents and Restricted Cash	$	233	$	339	$	572
As of December 31, 2021
Cash and Cash Equivalents	$	294	$	524	$	818
Restricted Cash in Other Current Assets	28		—		28
Restricted Cash in Other Noncurrent Assets	17		—		17
Cash, Cash Equivalents and Restricted Cash	$	339	$	524	$	863

(A) Includes amounts applicable to PSEG (parent company), PSEG Power, Energy Holdings and Services.

Depreciation Rate Stated Percentage

PSE&G calculates depreciation under the straight-line method based on estimated average remaining lives of the several classes of property. These estimates are reviewed on a periodic basis and necessary adjustments are made as approved by the BPU or FERC. The average depreciation rate stated as a percentage of original cost of depreciable property was as follows:



	2021		2020		2019
	Avg Rate		Avg Rate		Avg Rate
Electric Transmission	2.29	%	2.41	%	2.41	%
Electric Distribution	2.56	%	2.55	%	2.54	%
Gas Distribution	1.84	%	1.84	%	1.85	%

PSEG calculates depreciation on its nuclear generation-related assets under the straight-line method based on the assets’ estimated useful lives of approximately 60 years to 80 years.

Amounts And Average Rates Used To Calculate IDC Or AFUDC

The amounts and average rates used to calculate AFUDC or IDC for the years ended December 31, 2021, 2020 and 2019 were as follows:



	AFUDC/IDC Capitalized
	2021				2020				2019
	Millions		Avg Rate		Millions		Avg Rate		Millions		Avg Rate
PSE&G	$	93	7.37	%	$	112	7.86	%	$	81	7.22	%
Other	$	9	4.90	%	$	10	4.60	%	$	27	4.60	%