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Fair Value Measurements (PSEG's, Power's And PSE&G's Respective Assets And (Liabilities) Measured At Fair Value On A Recurring Basis) (Detail) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Collateral Already Posted, Aggregate Fair Value $ 113 $ 1,521
Total Mark-to-Market Derivative Assets 141 33
Total Mark-to-Market Derivative (Liabilities) (92) (157)
Quoted Market Prices for Identical Assets (Level 1) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents [1] 20 385
Quoted Market Prices for Identical Assets (Level 1) [Member] | Public Service Electric and Gas Company    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents [1] 20 165
Significant Other Observable Inputs (Level 2) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents [1] 0 0
Significant Other Observable Inputs (Level 2) [Member] | Public Service Electric and Gas Company    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents [1] 0 0
Significant Unobservable Inputs (Level 3) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents [1] 0 0
Significant Unobservable Inputs (Level 3) [Member] | Public Service Electric and Gas Company    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents [1] 0 0
Energy-Related Contracts [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [2] 22 1,111
Energy-Related Contracts [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Mark-to-Market Derivative Assets 13 42
Total Mark-to-Market Derivative (Liabilities) (1) (3)
Energy-Related Contracts [Member] | Significant Other Observable Inputs (Level 2) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Mark-to-Market Derivative Assets 1,339 2,307
Total Mark-to-Market Derivative (Liabilities) (1,311) (3,537)
Energy-Related Contracts [Member] | Significant Unobservable Inputs (Level 3) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Mark-to-Market Derivative Assets 0 1
Total Mark-to-Market Derivative (Liabilities) (2) (46)
Interest Rate Contract | Quoted Market Prices for Identical Assets (Level 1) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Mark-to-Market Derivative Assets 0 0
Total Mark-to-Market Derivative (Liabilities) 0 0
Interest Rate Contract | Significant Other Observable Inputs (Level 2) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Mark-to-Market Derivative Assets (6) (4)
Total Mark-to-Market Derivative (Liabilities) (17) (3)
Interest Rate Contract | Significant Unobservable Inputs (Level 3) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Mark-to-Market Derivative (Liabilities) 0 0
Cash and Cash Equivalents [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3] 0 0
Cash and Cash Equivalents [Member] | Public Service Electric and Gas Company    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net 0 [3] 0
Assets [Member] | Energy-Related Contracts [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [2],[3] (1,217) (2,321)
Other Liabilities [Member] | Energy-Related Contracts [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [2],[3] 1,239 3,432
Other Liabilities [Member] | Interest Rate Contract    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net 0 0 [3]
Other Assets | Interest Rate Contract    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net 0 0
Total Estimate Of Fair Value [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents [1] 20 385
Total Estimate Of Fair Value [Member] | Public Service Electric and Gas Company    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents [1] 20 165
Total Estimate Of Fair Value [Member] | Energy-Related Contracts [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Mark-to-Market Derivative Assets 135 29
Total Mark-to-Market Derivative (Liabilities) (75) (154)
Total Estimate Of Fair Value [Member] | Interest Rate Contract    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Mark-to-Market Derivative Assets (6) (4)
Total Mark-to-Market Derivative (Liabilities) (17) (3)
Nuclear Decommissioning Trust (NDT) Fund [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
NDT Fund Foreign Currency 1 2
Cash and foreign currency excluded from Fair Value 1 2
Nuclear Decommissioning Trust (NDT) Fund [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Cost 905 812
Nuclear Decommissioning Trust (NDT) Fund [Member] | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | Domestic Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cost 482 476
Nuclear Decommissioning Trust (NDT) Fund [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 1,310 1,072
Nuclear Decommissioning Trust (NDT) Fund [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | Significant Other Observable Inputs (Level 2) [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | Significant Other Observable Inputs (Level 2) [Member] | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 398 339
Nuclear Decommissioning Trust (NDT) Fund [Member] | Significant Other Observable Inputs (Level 2) [Member] | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 293 288
Nuclear Decommissioning Trust (NDT) Fund [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 522 529
Nuclear Decommissioning Trust (NDT) Fund [Member] | Significant Unobservable Inputs (Level 3) [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | Significant Unobservable Inputs (Level 3) [Member] | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | Significant Unobservable Inputs (Level 3) [Member] | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | Significant Unobservable Inputs (Level 3) [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Nuclear Decommissioning Trust (NDT) Fund [Member] | Total Estimate Of Fair Value [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 1,310 1,072
Nuclear Decommissioning Trust (NDT) Fund [Member] | Total Estimate Of Fair Value [Member] | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 398 339
Nuclear Decommissioning Trust (NDT) Fund [Member] | Total Estimate Of Fair Value [Member] | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 293 288
Nuclear Decommissioning Trust (NDT) Fund [Member] | Total Estimate Of Fair Value [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 522 529
Rabbi Trust [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Rabbi Trust [Member] | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Rabbi Trust [Member] | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Rabbi Trust [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Rabbi Trust [Member] | Domestic Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cost 10 14
Rabbi Trust [Member] | Public Service Electric and Gas Company | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Rabbi Trust [Member] | Public Service Electric and Gas Company | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Rabbi Trust [Member] | Public Service Electric and Gas Company | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Rabbi Trust [Member] | Public Service Electric and Gas Company | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3],[4] 0 0
Rabbi Trust [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 18 20
Rabbi Trust [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | Public Service Electric and Gas Company | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 3 3
Rabbi Trust [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | Public Service Electric and Gas Company | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | Public Service Electric and Gas Company | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Quoted Market Prices for Identical Assets (Level 1) [Member] | Public Service Electric and Gas Company | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Significant Other Observable Inputs (Level 2) [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Significant Other Observable Inputs (Level 2) [Member] | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 32 32
Rabbi Trust [Member] | Significant Other Observable Inputs (Level 2) [Member] | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 59 57
Rabbi Trust [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 70 74
Rabbi Trust [Member] | Significant Other Observable Inputs (Level 2) [Member] | Public Service Electric and Gas Company | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Significant Other Observable Inputs (Level 2) [Member] | Public Service Electric and Gas Company | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 6 6
Rabbi Trust [Member] | Significant Other Observable Inputs (Level 2) [Member] | Public Service Electric and Gas Company | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 11 10
Rabbi Trust [Member] | Significant Other Observable Inputs (Level 2) [Member] | Public Service Electric and Gas Company | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 12 13
Rabbi Trust [Member] | Significant Unobservable Inputs (Level 3) [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Significant Unobservable Inputs (Level 3) [Member] | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Significant Unobservable Inputs (Level 3) [Member] | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Significant Unobservable Inputs (Level 3) [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Significant Unobservable Inputs (Level 3) [Member] | Public Service Electric and Gas Company | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Significant Unobservable Inputs (Level 3) [Member] | Public Service Electric and Gas Company | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Significant Unobservable Inputs (Level 3) [Member] | Public Service Electric and Gas Company | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Significant Unobservable Inputs (Level 3) [Member] | Public Service Electric and Gas Company | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 0 0
Rabbi Trust [Member] | Total Estimate Of Fair Value [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 18 20
Rabbi Trust [Member] | Total Estimate Of Fair Value [Member] | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 32 32
Rabbi Trust [Member] | Total Estimate Of Fair Value [Member] | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 59 57
Rabbi Trust [Member] | Total Estimate Of Fair Value [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 70 74
Rabbi Trust [Member] | Total Estimate Of Fair Value [Member] | Public Service Electric and Gas Company | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 3 3
Rabbi Trust [Member] | Total Estimate Of Fair Value [Member] | Public Service Electric and Gas Company | Government Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 6 6
Rabbi Trust [Member] | Total Estimate Of Fair Value [Member] | Public Service Electric and Gas Company | US Treasury Obligations [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] 11 10
Rabbi Trust [Member] | Total Estimate Of Fair Value [Member] | Public Service Electric and Gas Company | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Measured on Recurring Basis, Investments [4] $ 12 $ 13
[1] Represents money market mutual funds.
[2] Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of cash collateral. All cash collateral (received) posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Consolidated Balance Sheets. As of December 31, 2023 and 2022, PSEG Power had net cash collateral payments to counterparties of $113 million and $1,521 million, respectively. Of these net cash collateral (receipts) payments, $22 million as of December 31, 2023 and $1,111 million as of December 31, 2022 were netted against the corresponding net derivative contract positions. Of the $22 million as of December 31, 2023, $(1) million was netted against current assets, $15 million was netted against current liabilities and $8 million was netted against noncurrent liabilities. Of the $1,111 million as of December 31, 2022, $616 million was netted against current liabilities and $495 million was netted against noncurrent liabilities.
[3] Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of collateral. See Note 16. Financial Risk Management Activities for additional detail.
[4] As of December 31, 2023 and 2022, the fair value measurement table excludes cash and foreign currency of $1 million and $2 million, respectively, in the NDT Fund. The NDT Fund maintains investments in various equity and fixed income securities. The Rabbi Trust maintains investments in a Russell 3000 index fund and various fixed income securities. These securities are generally valued with prices that are either exchange provided (equity securities) or market transactions for comparable securities and/or broker quotes (fixed income securities).
Level 1—Investments in marketable equity securities within the NDT Fund are primarily investments in common stocks across a broad range of industries and sectors. Most equity securities are priced utilizing the principal market close price or, in some cases, midpoint, bid or ask price. Certain other equity securities in the NDT and Rabbi Trust Funds consist primarily of investments in money market funds which seek a high level of current income as is consistent with the preservation of capital and the maintenance of liquidity. To pursue its goals, the funds normally invest in diversified portfolios of high quality, short-term, dollar-denominated debt securities and government securities. The funds’ net asset value is priced and published daily. The Rabbi Trust’s Russell 3000 index fund is valued based on quoted prices in an active market and can be redeemed daily without restriction.
Level 2—NDT and Rabbi Trust fixed income securities include investment grade corporate bonds, collateralized mortgage obligations, asset-backed securities and certain government and U.S. Treasury obligations or Federal Agency asset-backed securities and municipal bonds with a wide range of maturities. Since many fixed income securities do not trade on a daily basis, they are priced using an evaluated pricing methodology that varies by asset class and reflects observable market information such as the most recent exchange price or quoted bid for similar securities. Market-based standard inputs typically include benchmark yields, reported trades, broker/dealer quotes and issuer spreads. Certain short-term investments are valued using observable market prices or market parameters such as time-to-maturity, coupon rate, quality rating and current yield.