Long-Term Investments (Tables)

12 Months Ended

Dec. 31, 2023

Long-Term Investments [Abstract]

Schedule of Long Term Investments

Long-Term Investments as of December 31, 2023 and 2022 included the following:

	As of December 31,
	2023		2022
	Millions
PSE&G
Life Insurance and Supplemental Benefits	$	77	$	81
Solar Loans	40		62
PSEG Power & Other
Lease Investments	161		175
Equity Method Investments (A)	17		306
Total Long-Term Investments	$	295	$	624

(A)During the year ended December 31, 2023, there were no dividends from these investments. During the years ended December 31, 2022 and 2021, dividends from these investments were $8 million and $17 million, respectively. See Note 3. Asset Dispositions and Impairments for information regarding the sales of our ownership interest in the Ocean Wind 1 project and Kalaeloa.

Schedule Of Net Investment In Leveraged Leases

The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2023 and 2022.

	As of December 31,
	2023		2022
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	223	$	249
Estimated Residual Value of Leased Assets	—		—
Total Investment in Rental Receivables	223		249
Unearned and Deferred Income	(62)		(74)
Gross Investments in Leases	161		175
Deferred Tax Liabilities	(36)		(39)
Net Investments in Leases	$	125	$	136

Schedule Of Pre-Tax Income And Income Tax Effects Related To Investments In Leveraged Leases

The pre-tax income and income tax effects related to investments in leases were immaterial for the years ended December 31, 2023, 2022 and 2021.