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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ (648) [1] $ 1,905 [1] $ 1,693
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation and Amortization 1,216 1,285 1,248
Amortization of Nuclear Fuel 187 184 178
(Gains) Losses on Asset Dispositions and Impairments 2,637 (123) 402
Loss on Extinguishment of Debt 298 0 0
Emission Allowances and Renewable Energy Credit Compliance Accrual 138 151 108
Provision for Deferred Income Taxes (Other than Leases) and ITC (817) 139 180
Non-Cash Employee Benefit Plan Costs (178) (105) (48)
Leveraged Lease Income, Adjusted for Rents Received and Deferred Taxes (11) (135) 18
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 614 80 (290)
Net Change in Regulatory Assets and Liabilities (271) (101) 25
Cost of Removal (121) (106) (108)
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (229) (278) (296)
Net Change in Certain Current Assets and Liabilities:      
Margin Deposits (790) (10) 349
Tax Receivable 56 107 77
Accrued Taxes (127) 124 (9)
Other Current Assets and Liabilities (238) 73 (145)
Employee Benefit Plan Funding and Related Payments (25) (18) (39)
Other 45 (70) 36
Net Cash Provided By (Used In) Operating Activities 1,736 3,102 3,379
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant and Equipment (2,719) (2,923) (3,166)
Purchase of Emissions Allowances and RECs (98) (111) (98)
Proceeds from Sale of Available-for-Sale Securities 2,100 2,234 1,787
Investments in Available-for-Sale Securities (2,092) (2,250) (1,814)
Proceeds from Sale of Property, Plant, and Equipment 569 301 70
Contributions to Equity Method Investments (111) 0 0
Other 107 73 76
Net Cash Provided By (Used In) Investing Activities (2,244) (2,676) (3,145)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Change in Commercial Paper and Loans 256 (352) 99
Proceeds from Short-term Debt 2,500 800 0
Repayments of Short-term Debt (300) (500) 0
Issuance of Long-Term Debt 2,825 2,450 1,900
Redemption of Long-Term Debt (3,082) (1,365) (1,250)
Payment for Debt Extinguishment or Debt Prepayment Cost (294) 0 0
Cash Dividend Paid (1,031) (991) (950)
Other (75) (72) (56)
Net Cash Provided By (Used In) Financing Activities 799 (30) (257)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 291 396 (23)
Cash, Cash Equivalents and Restricted Cash, beginning 572 176 199
Cash, Cash Equivalents and Restricted Cash, ending 863 572 176
Supplemental Disclosure of Cash Flow Information:      
Income Taxes Paid (Received) 425 297 41
Interest Paid, Net of Amounts Capitalized 547 568 539
Accrued Property, Plant and Equipment Expenditures 331 387 499
Public Service Electric and Gas Company      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income 1,446 1,327 1,250
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation and Amortization 928 887 837
Depreciation and Amortization     837
(Gains) Losses on Asset Dispositions and Impairments (4) (1) 0
Provision for Deferred Income Taxes (Other than Leases) and ITC 116 53 (28)
Non-Cash Employee Benefit Plan Costs (156) (103) (62)
Net Change in Regulatory Assets and Liabilities (271) (101) 25
Cost of Removal (121) (106) (108)
Net Change in Certain Current Assets and Liabilities:      
Accounts Receivable and Unbilled Revenues (34) (100) (18)
Fuel, Materials and Supplies (16) (2) (14)
Prepayments (1) 21 (9)
Accounts Payable (71) 44 (59)
Accounts Receivable/Payable-Affiliated Companies, net (32) 80 203
Other Current Assets and Liabilities 10 60 62
Employee Benefit Plan Funding and Related Payments (10) (4) (21)
Other (64) (103) (23)
Net Cash Provided By (Used In) Operating Activities 1,724 1,953 2,035
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant and Equipment (2,447) (2,507) (2,542)
Proceeds from Sale of Available-for-Sale Securities 35 40 36
Investments in Available-for-Sale Securities (29) (40) (34)
Solar Loan Investments 29 13 8
Other 16 12 10
Net Cash Provided By (Used In) Investing Activities (2,396) (2,482) (2,522)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Change in Commercial Paper and Loans (100) (262) 90
Issuance of Long-Term Debt 1,325 1,350 1,150
Redemption of Long-Term Debt (434) (259) (500)
Contributed Capital 0 75 0
Cash Dividend Paid 0 (175) (250)
Other (13) (17) (14)
Net Cash Provided By (Used In) Financing Activities 778 712 476
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 106 183 (11)
Cash, Cash Equivalents and Restricted Cash, beginning 233 50 61
Cash, Cash Equivalents and Restricted Cash, ending 339 233 50
Supplemental Disclosure of Cash Flow Information:      
Income Taxes Paid (Received) 266 157 (48)
Interest Paid, Net of Amounts Capitalized 383 369 343
Accrued Property, Plant and Equipment Expenditures $ 294 $ 323 $ 335
[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.