Financial Information By Business Segments (Tables)

12 Months Ended

Dec. 31, 2022

Financial Information By Business Segments



	PSE&G		PSEG Power & Other		Eliminations (A)		Consolidated Total
	Millions
Year Ended December 31, 2022
Operating Revenues	$	7,935	$	3,266	$	(1,401)	$	9,800
Depreciation and Amortization	935		165		—		1,100
Operating Income (Loss)	1,892		(511)		—		1,381
Income from Equity Method Investments	—		14		—		14
Interest Income	19		13		(1)		31
Interest Expense	427		202		(1)		628
Income (Loss) before Income Taxes	1,832		(830)		—		1,002
Income Tax Expense (Benefit)	267		(296)		—		(29)
Net Income (Loss) (B) (C)	$	1,565	$	(534)	$	—	$	1,031
Gross Additions to Long-Lived Assets	$	2,590	$	298	$	—	$	2,888
As of December 31, 2022
Total Assets	$	39,960	$	9,285	$	(527)	$	48,718
Investments in Equity Method Subsidiaries	$	—	$	306	$	—	$	306



	PSE&G		PSEG Power & Other		Eliminations (A)		Consolidated Total
	Millions
Year Ended December 31, 2021
Operating Revenues	$	7,122	$	3,767	$	(1,167)	$	9,722
Depreciation and Amortization	928		288		—		1,216
Operating Income (Loss)	1,818		(2,674)		—		(856)
Income from Equity Method Investments	—		16		—		16
Interest Income	14		6		—		20
Interest Expense	402		169		—		571
Income (Loss) before Income Taxes	1,770		(2,859)		—		(1,089)
Income Tax Expense (Benefit)	324		(765)		—		(441)
Net Income (Loss) (B) (C)	$	1,446	$	(2,094)	$	—	$	(648)
Gross Additions to Long-Lived Assets	$	2,447	$	272	$	—	$	2,719
As of December 31, 2021
Total Assets	$	37,198	$	12,258	$	(457)	$	48,999
Investments in Equity Method Subsidiaries	$	—	$	173	$	—	$	173



	PSE&G		PSEG Power & Other		Eliminations (A)		Consolidated Total
	Millions
Year Ended December 31, 2020
Operating Revenues	$	6,608	$	4,229	$	(1,234)	$	9,603
Depreciation and Amortization	887		398		—		1,285
Operating Income (Loss)	1,639		631		—		2,270
Income from Equity Method Investments	—		14		—		14
Interest Income	17		10		(2)		25
Interest Expense	388		214		(2)		600
Income (Loss) before Income Taxes	1,567		734		—		2,301
Income Tax Expense (Benefit)	240		156		—		396
Net Income (Loss) (B) (C)	$	1,327	$	578	$	—	$	1,905
Gross Additions to Long-Lived Assets	$	2,507	$	416	$	—	$	2,923
As of December 31, 2020
Total Assets	$	35,581	$	14,988	$	(519)	$	50,050
Investments in Equity Method Subsidiaries	$	—	$	64	$	—	$	64

(A)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 26. Related-Party Transactions.

(B)Include after-tax impairments of $92 million related to certain Energy Holdings investments and additional adjustments related to the sale of PSEG Power’s fossil generation assets in the year ended December 31, 2022. 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. See Note 4. Early Plant Retirements/Asset Dispositions and Impairments for additional information.

(C)Includes net after-tax losses of $457 million, $446 million and $58 million in the years ended December 31, 2022, 2021 and 2020, respectively 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.