Regulatory Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

PSE&G had the following Regulatory Assets and Liabilities:

	As of December 31,
	2021		2020
	Millions
Regulatory Assets
Current
New Jersey Clean Energy Program	$	146	$	143
Electric Energy Costs—Basic Generation Service (BGS)	67		60
2018 Distribution Base Rate Case Regulatory Assets (BRC)	56		56
Tax Adjustment Credit (TAC)	44		—
Conservation Incentive Program (CIP)	36		—
Formula Rate True-up	13		23
SBC	—		82
Other	2		5
Total Current Regulatory Assets	364		369
Noncurrent
Deferred Income Tax Regulatory Assets	$	1,064	$	1,014
Pension and OPEB Costs	1,043		1,489
Manufactured Gas Plant (MGP) Remediation Costs	220		320
Green Program Recovery Charges (GPRC)	211		139
Asset Retirement Obligation	191		184
Electric Transmission and Gas Cost of Removal	174		189
Remediation Adjustment Charge (RAC) (Other SBC)	156		134
SBC (Electric Bad Debt)	139		—
COVID-19 Deferral	116		51
Deferred Storm Costs	109		99
BRC	47		103
Other	135		150
Total Noncurrent Regulatory Assets	3,605		3,872
Total Regulatory Assets	$	3,969	$	4,241

Schedule of Regulatory Liabilities

	As of December 31,
	2021		2020
	Millions
Regulatory Liabilities
Current
Deferred Income Tax Regulatory Liabilities	$	288	$	250
Formula Rate True-up	42		—
GPRC	19		1
ZEC Liability	11		17
Gas Costs—BGSS	5		20
Other	23		6
Total Current Regulatory Liabilities	388		294
Noncurrent
Deferred Income Tax Regulatory Liabilities	$	2,443	$	2,670
Other	54		37
Total Noncurrent Regulatory Liabilities	2,497		2,707
Total Regulatory Liabilities	$	2,885	$	3,001