Financial Information By Business Segments (Tables)

9 Months Ended

Sep. 30, 2022

Financial Information By Business Segments



	PSE&G		PSEG Power		Other (A)		Eliminations (B)		Consolidated Total
	Millions
Three Months Ended September 30, 2022
Operating Revenues	$	1,953	$	266	$	167	$	(114)	$	2,272
Net Income (Loss) (C)	399		(241)		(44)		—		114
Gross Additions to Long-Lived Assets	700		90		7		—		797
Nine Months Ended September 30, 2022
Operating Revenues	$	5,905	$	1,214	$	477	$	(935)	$	6,661
Net Income (Loss) (C)	1,213		(922)		(48)		—		243
Gross Additions to Long-Lived Assets	1,871		206		11		—		2,088
Three Months Ended September 30, 2021
Operating Revenues	$	1,820	$	51	$	159	$	(127)	$	1,903
Net Income (Loss) (C)	389		(1,933)		(20)		—		(1,564)
Gross Additions to Long-Lived Assets	599		140		4		—		743
Nine Months Ended September 30, 2021
Operating Revenues	$	5,407	$	1,598	$	465	$	(804)	$	6,666
Net Income (Loss) (C)	1,175		(2,255)		(13)		—		(1,093)
Gross Additions to Long-Lived Assets	1,818		222		6		—		2,046
As of September 30, 2022
Total Assets	$	38,830	$	6,985	$	2,564	$	(638)	$	47,741
Investments in Equity Method Subsidiaries	$	—	$	72	$	200	$	—	$	272
As of December 31, 2021
Total Assets	$	37,198	$	9,777	$	5,150	$	(3,126)	$	48,999
Investments in Equity Method Subsidiaries	$	—	$	62	$	111	$	—	$	173

(A)Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent company) and Services.

(B)Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 20. Related-Party Transactions.

(C)Includes after-tax impairment losses and other charges related to the sale of the Fossil generating assets at PSEG Power of $1,563 million and $1,936 million for the three and nine months ended September 30, 2021. See Note 4. Early Plant Retirements/Asset Dispositions and Impairments for additional information. Also includes net after-tax losses of $214 million and $478 million for the three months ended September 30, 2022 and 2021, respectively, and $896 million and $718 million for the nine months ended September 30, 2022 and 2021, respectively, related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates. Other includes a $38 million after-tax impairment of assets related to one of Energy Holdings’ generating facilities for the three and nine months ended September 30, 2022.