Revenues Revenues (Tables)

12 Months Ended

Dec. 31, 2023

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenues



	PSE&G		PSEG Power & Other (A)		Eliminations		Consolidated
	Millions
Year Ended December 31, 2023
Revenues from Contracts with Customers
Electric Distribution	$	3,494	$	—	$	—	$	3,494
Gas Distribution	1,982		—		—		1,982
Transmission	1,673		—		—		1,673
Electricity and Related Product Sales
PJM
Third-Party Sales	—		892		—		892
Sales to Affiliates	—		114		(114)		—

ISO-NE	—		13		—		13
Gas Sales
Third-Party Sales	—		206		—		206
Sales to Affiliates	—		984		(984)		—
Other Revenues from Contracts with Customers (B)	368		631		(5)		994
Total Revenues from Contracts with Customers	7,517		2,840		(1,103)		9,254
Revenues Unrelated to Contracts with Customers (C)	290		1,693		—		1,983
Total Operating Revenues	$	7,807	$	4,533	$	(1,103)	$	11,237



	PSE&G		PSEG Power & Other (A)		Eliminations		Consolidated
	Millions
Year Ended December 31, 2022
Revenues from Contracts with Customers
Electric Distribution	$	3,503	$	—	$	—	$	3,503
Gas Distribution	2,357		—		(1)		2,356
Transmission	1,589		—		—		1,589
Electricity and Related Product Sales
PJM
Third-Party Sales	—		2,152		—		2,152
Sales to Affiliates	—		151		(151)		—
NYISO	—		88		—		88
ISO-NE	—		96		—		96
Gas Sales
Third-Party Sales	—		458		—		458
Sales to Affiliates	—		1,243		(1,243)		—
Other Revenues from Contracts with Customers (B)	390		605		(6)		989
Total Revenues from Contracts with Customers	7,839		4,793		(1,401)		11,231
Revenues Unrelated to Contracts with Customers (C)	96		(1,527)		—		(1,431)
Total Operating Revenues	$	7,935	$	3,266	$	(1,401)	$	9,800



	PSE&G		PSEG Power & Other (A)		Eliminations		Consolidated
	Millions
Year Ended December 31, 2021
Revenues from Contracts with Customers
Electric Distribution	$	3,279	$	—	$	—	$	3,279
Gas Distribution	1,875		—		(13)		1,862
Transmission	1,611		—		—		1,611
Electricity and Related Product Sales
PJM
Third-Party Sales	—		2,003		—		2,003
Sales to Affiliates	—		265		(265)		—
NYISO	—		247		—		247
ISO-NE	—		172		—		172
Gas Sales
Third-Party Sales	—		181		—		181
Sales to Affiliates	—		886		(886)		—
Other Revenues from Contracts with Customers (B)	343		620		(3)		960
Total Revenues from Contracts with Customers	7,108		4,374		(1,167)		10,315
Revenues Unrelated to Contracts with Customers (C)	14		(607)		—		(593)
Total Operating Revenues	$	7,122	$	3,767	$	(1,167)	$	9,722

(A)Includes revenues applicable to PSEG Power, PSEG LI and Energy Holdings.

(B)Includes primarily revenues from appliance repair services and the sale of solar renewable energy credits (SRECs) at auction at PSE&G. PSEG Power & Other includes PSEG Power’s energy management fee with LIPA and PSEG LI’s OSA with LIPA.

(C)Includes primarily alternative revenues at PSE&G principally from the CIP program in 2022 and 2023 and net realized and unrealized gains (losses) on derivative contracts and lease contracts at PSEG Power & Other.

Revenue, Capacity Auction Obligations [Table Text Block]

Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions—The Base Residual Auction is generally conducted annually three years in advance of the operating period. The 2023/2024 auction was held in June 2022. In February 2023, the results of the 2024/2025 auction held in December 2022 were released. PSEG Power expects to realize the following average capacity prices resulting from the base and incremental auctions, including unit specific bilateral contracts for previously cleared capacity obligations.



Delivery Year	$ per MW-Day	MW Cleared
June 2023 to May 2024	$50	3,700
June 2024 to May 2025	$55	3,500

Capacity transactions with the PJM Regional Transmission Organization are reported on a net basis dependent on PSEG Power’s monthly net sale or purchase position.

Accounts Receivable, Allowance for Credit Loss

The following provides a reconciliation of PSE&G’s allowance for credit losses for the years ended December 31, 2023 and 2022.










	Years Ended December 31,
	2023		2022
	Millions
Balance at Beginning of Year	$	339	$	337
Utility Customer and Other Accounts
Provision	100		114
Write-offs, net of Recoveries of $25 million and $46 million for 2023 and 2022, respectively	(156)		(112)
Balance at End of Year	$	283	$	339