Asset Retirement Obligations (AROs) (Tables)

12 Months Ended

Dec. 31, 2021

The changes to the ARO liabilities for PSEG and PSE&G during 2020 and 2021 are presented in the following table:



	PSEG		PSE&G		Other
	Millions
ARO Liability as of January 1, 2020	$	1,087	$	303	$	784
Liabilities Settled	(9)		(7)		(2)

Accretion Expense	42		—		42
Accretion Expense Deferred and Recovered in Rate Base (A)	17		17		—
Revision to Present Values of Estimated Cash Flows	75		1		74
ARO Liability as of December 31, 2020	$	1,212	$	314	$	898
Liabilities Settled	(15)		(14)		(1)
Adjustments (B)	(37)		—		(37)
Accretion Expense	44		—		44
Accretion Expense Deferred and Recovered in Rate Base (A)	16		16		—
Revision to Present Values of Estimated Cash Flows	353		47		306
ARO Liability as of December 31, 2021	$	1,573	$	363	$	1,210

(A)Not reflected as expense in Consolidated Statements of Operations.

(B)Represents amounts related to the sale of the solar plants and the fossil generating assets classified as Held for Sale.