Regulatory Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

PSE&G had the following Regulatory Assets and Liabilities:

	As of December 31,
	2023		2022
	Millions
Regulatory Assets
Current
New Jersey Clean Energy Program	$	145	$	145
Conservation Incentive Program (CIP)	103		51
Electric Energy Costs—Basic Generation Service (BGS)	19		54
Societal Benefits Clause (SBC)	6		20
Tax Adjustment Credit (TAC)	—		52
2018 Distribution Base Rate Case Regulatory Assets (BRC)	—		47
Total Current Regulatory Assets	273		369
Noncurrent
Pension and OPEB Costs	$	1,427	$	1,405
Deferred Income Tax Regulatory Assets	1,343		1,168
Green Program Recovery Charges (GPRC)	827		447
Asset Retirement Obligations (ARO)	210		200
Manufactured Gas Plant (MGP) Remediation Costs	199		206
Cost of Removal	172		156
Clean Energy Future-Energy Cloud (CEF-EC) (Advanced Metering Infrastructure (AMI))	153		80
SBC (Electric Bad Debt)	149		145
COVID-19 Deferral	131		137
CIP	129		72
Remediation Adjustment Charge (RAC) (Other SBC)	110		134
Deferred Storm Costs	109		109
Other	198		145
Total Noncurrent Regulatory Assets	5,157		4,404
Total Regulatory Assets	$	5,430	$	4,773

Schedule of Regulatory Liabilities

	As of December 31,
	2023		2022
	Millions
Regulatory Liabilities
Current
Deferred Income Tax Regulatory Liabilities	$	170	$	302
Gas Costs—Basic Gas Supply Service (BGSS)	97		35
Formula Rate True-up	22		1
GPRC	20		24
TAC	18		—
Other	22		22
Total Current Regulatory Liabilities	349		384
Noncurrent
Deferred Income Tax Regulatory Liabilities	$	2,075	$	2,196
Formula Rate True-up	—		31
Other	—		13
Total Noncurrent Regulatory Liabilities	2,075		2,240
Total Regulatory Liabilities	$	2,424	$	2,624