Regulatory Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

PSE&G had the following Regulatory Assets and Liabilities:

	As of December 31,
	2022		2021
	Millions
Regulatory Assets
Current
New Jersey Clean Energy Program	$	145	$	146
Electric Energy Costs—Basic Generation Service (BGS)	54		67
Tax Adjustment Credit (TAC)	52		44
Conservation Incentive Program (CIP)	51		36
2018 Distribution Base Rate Case Regulatory Assets (BRC)	47		56
Societal Benefits Clause (SBC)	20		—
Other	—		15
Total Current Regulatory Assets	369		364
Noncurrent
Pension and OPEB Costs	$	1,405	$	1,043
Deferred Income Tax Regulatory Assets	1,168		1,064
Green Program Recovery Charges (GPRC)	447		211
Manufactured Gas Plant (MGP) Remediation Costs	206		220
Asset Retirement Obligation (ARO)	200		191
Electric Transmission and Gas Cost of Removal	156		174
SBC (Electric Bad Debt)	145		139
COVID-19 Deferral	137		116
Remediation Adjustment Charge (RAC) (Other SBC)	134		156
Deferred Storm Costs	109		109
Clean Energy Future-Energy Cloud (CEF-EC) (Advanced Metering Infrastructure (AMI))	80		5
CIP	72		12
BRC	—		47
Other	145		118
Total Noncurrent Regulatory Assets	4,404		3,605
Total Regulatory Assets	$	4,773	$	3,969

Schedule of Regulatory Liabilities

	As of December 31,
	2022		2021
	Millions
Regulatory Liabilities
Current
Deferred Income Tax Regulatory Liabilities	$	302	$	288
Gas Costs—Basic Gas Supply Service (BGSS)	35		5
GPRC	24		19
Formula Rate True-up	1		42
Other	22		34
Total Current Regulatory Liabilities	384		388
Noncurrent
Deferred Income Tax Regulatory Liabilities	$	2,196	$	2,443
Formula Rate True-up	31		9
Other	13		45
Total Noncurrent Regulatory Liabilities	2,240		2,497
Total Regulatory Liabilities	$	2,624	$	2,885