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Consolidated Statements Of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net Income (Loss) [1],[2] $ 2,563 $ 1,031 $ (648)
Other Comprehensive Income (Loss), net of tax      
Unrealized Gains (Losses) on Available-for-Sale Securities, net of tax (expense) benefit for the years ended 41 (132) (39)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 6 3 3
Pension/OPEB adjustment, net of tax (expense) benefit for the years ended 324 (71) 190
Other Comprehensive Income (Loss), net of tax 371 (200) 154
Comprehensive Income 2,934 831 (494)
Public Service Electric and Gas Company      
Net Income (Loss) 1,515 1,565 1,446
Other Comprehensive Income (Loss), net of tax      
Unrealized Gains (Losses) on Available-for-Sale Securities, net of tax (expense) benefit for the years ended 1 (6) (2)
Other Comprehensive Income (Loss), net of tax 1 (6) (2)
Comprehensive Income $ 1,516 $ 1,559 $ 1,444
[1] Includes a $239 million after-tax pension charge due to the remeasurement of the qualified pension plans as a result of the pension settlement transaction in the third quarter of 2023. Includes 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. See Note 3. Asset Dispositions and Impairments for additional information.
[2] Includes net after-tax gain (loss) of $959 million, $(457) million and $(446) million in the years ended December 31, 2023, 2022 and 2021, 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.