Property, Plant And Equipment And Jointly-Owned Facilities

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Line Items]

Property Plant And Equipment And Jointly-Owned Facilities

Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2022 and 2021 is detailed below:

	2022		2021
	Millions
PSE&G
Electric Transmission	$	16,393	$	15,544
Electric Distribution	10,785		10,223
Gas Distribution and Transmission	10,616		9,818
Construction Work in Progress	1,336		1,196
Other	1,915		1,807
Total PSE&G	41,045		38,588
Nuclear Production	3,567		3,656
Nuclear Fuel in Service	758		762
Construction Work in Progress	177		177
Other	377		501
Total	$	45,924	$	43,684

The above table excludes amounts as of December 31, 2021 which were classified as Held for Sale. For additional information see Note 4. Early Plant Retirements/Asset Dispositions and Impairments.

PSE&G and PSEG Power have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities to which they are a party. All amounts reflect PSE&G’s or PSEG Power’s share of the jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as Operating Expenses. 

			As of December 31,
			2022				2021
	Ownership				Accumulated				Accumulated
	Interest		Plant		Depreciation		Plant		Depreciation
			Millions
PSE&G:
Transmission Facilities	Various		$	164	$	67	$	165	$	66
PSEG Power:
Nuclear Generating:
Peach Bottom	50	%	$	1,444	$	506	$	1,452	$	481
Salem	57	%	$	1,455	$	516	$	1,468	$	449
Nuclear Support Facilities	Various		$	228	$	119	$	226	$	107
Other	14	%	$	1	$	—	$	1	$	—

PSEG Power holds undivided ownership interests in the jointly-owned facilities above. PSEG Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. PSEG Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. PSEG Power’s share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

PSEG Power co-owns Salem and Peach Bottom with Constellation Energy Generation, LLC. PSEG Power is the operator of Salem and Constellation Energy Generation, LLC is the operator of Peach Bottom. A committee appointed by the co-owners provides oversight. Proposed O&M budgets and requests for major capital expenditures are reviewed and approved as part of the normal PSEG Power governance process.

Public Service Electric and Gas Company

Property, Plant and Equipment [Line Items]

Property Plant And Equipment And Jointly-Owned Facilities

Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2022 and 2021 is detailed below:

	2022		2021
	Millions
PSE&G
Electric Transmission	$	16,393	$	15,544
Electric Distribution	10,785		10,223
Gas Distribution and Transmission	10,616		9,818
Construction Work in Progress	1,336		1,196
Other	1,915		1,807
Total PSE&G	41,045		38,588
Nuclear Production	3,567		3,656
Nuclear Fuel in Service	758		762
Construction Work in Progress	177		177
Other	377		501
Total	$	45,924	$	43,684

The above table excludes amounts as of December 31, 2021 which were classified as Held for Sale. For additional information see Note 4. Early Plant Retirements/Asset Dispositions and Impairments.

PSE&G and PSEG Power have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities to which they are a party. All amounts reflect PSE&G’s or PSEG Power’s share of the jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as Operating Expenses. 

			As of December 31,
			2022				2021
	Ownership				Accumulated				Accumulated
	Interest		Plant		Depreciation		Plant		Depreciation
			Millions
PSE&G:
Transmission Facilities	Various		$	164	$	67	$	165	$	66
PSEG Power:
Nuclear Generating:
Peach Bottom	50	%	$	1,444	$	506	$	1,452	$	481
Salem	57	%	$	1,455	$	516	$	1,468	$	449
Nuclear Support Facilities	Various		$	228	$	119	$	226	$	107
Other	14	%	$	1	$	—	$	1	$	—

PSEG Power holds undivided ownership interests in the jointly-owned facilities above. PSEG Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. PSEG Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. PSEG Power’s share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

PSEG Power co-owns Salem and Peach Bottom with Constellation Energy Generation, LLC. PSEG Power is the operator of Salem and Constellation Energy Generation, LLC is the operator of Peach Bottom. A committee appointed by the co-owners provides oversight. Proposed O&M budgets and requests for major capital expenditures are reviewed and approved as part of the normal PSEG Power governance process.