Property, Plant And Equipment And Jointly-Owned Facilities

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022 is detailed below:

	2023		2022
	Millions
PSE&G
Electric Transmission	$	17,379	$	16,393
Electric Distribution	11,554		10,785
Gas Distribution and Transmission	11,545		10,616
Construction Work in Progress	1,283		1,336
Other	1,992		1,915
Total PSE&G	43,753		41,045
Nuclear Production	3,496		3,567
Nuclear Fuel in Service	772		758
Construction Work in Progress	224		177
Other	358		377
Total	$	48,603	$	45,924

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,
			2023				2022
	Ownership				Accumulated				Accumulated
	Interest		Plant		Depreciation		Plant		Depreciation
			Millions
PSE&G:
Transmission Facilities	Various		$	164	$	69	$	164	$	67
PSEG Power:
Nuclear Generating:
Peach Bottom	50	%	$	1,451	$	534	$	1,444	$	506
Salem	57	%	$	1,461	$	534	$	1,455	$	516
Nuclear Support Facilities	Various		$	178	$	77	$	228	$	119
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, 2023 and 2022 is detailed below:

	2023		2022
	Millions
PSE&G
Electric Transmission	$	17,379	$	16,393
Electric Distribution	11,554		10,785
Gas Distribution and Transmission	11,545		10,616
Construction Work in Progress	1,283		1,336
Other	1,992		1,915
Total PSE&G	43,753		41,045
Nuclear Production	3,496		3,567
Nuclear Fuel in Service	772		758
Construction Work in Progress	224		177
Other	358		377
Total	$	48,603	$	45,924

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,
			2023				2022
	Ownership				Accumulated				Accumulated
	Interest		Plant		Depreciation		Plant		Depreciation
			Millions
PSE&G:
Transmission Facilities	Various		$	164	$	69	$	164	$	67
PSEG Power:
Nuclear Generating:
Peach Bottom	50	%	$	1,451	$	534	$	1,444	$	506
Salem	57	%	$	1,461	$	534	$	1,455	$	516
Nuclear Support Facilities	Various		$	178	$	77	$	228	$	119
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.