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Debt and Credit Facilities (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Long-Term Debt
Long-Term Debt
As of December 31,
 Maturity20232022
 Millions
PSEG
Senior Notes:
0.84%2023$— $750 
2.88%2024750 750 
0.80%2025550 550 
5.85%2027700 700 
5.88%2028600 — 
1.60%2030550 550 
8.63%(A)203196 96 
2.45%2031750 750 
6.13%2033400 — 
Total Senior Notes4,396 4,146 
Principal Amount Outstanding4,396 4,146 
Amounts Due Within One Year(750)(750)
Net Unamortized Discount and Debt Issuance Costs(25)(22)
Total Long-Term Debt of PSEG $3,621 $3,374 
  As of December 31,
 Maturity20232022
  Millions
PSE&G
First and Refunding Mortgage Bonds (B):
8.00%2037$7 $7 
5.00%20378 8 
Total First and Refunding Mortgage Bonds15 15 
Medium-Term Notes (B):
2.38%2023— 500 
3.25%2023— 325 
3.75%2024250 250 
3.15%2024250 250 
3.05%2024250 250 
3.00%2025350 350 
0.95%2026450 450 
2.25%2026425 425 
3.00%2027425 425 
3.70%2028375 375 
3.65%2028325 325 
3.20%2029375 375 
2.45%2030300 300 
1.90%2031425 425 
3.10%2032500 500 
4.90%2032400 400 
4.65%2033500 — 
5.20%2033500 — 
5.25%2035250 250 
5.70%2036250 250 
5.80%2037350 350 
5.38%2039250 250 
5.50%2040300 300 
3.95%2042450 450 
3.65%2042350 350 
3.80%2043400 400 
4.00%2044250 250 
4.05%2045250 250 
4.15%2045250 250 
3.80%2046550 550 
3.60%2047350 350 
4.05%2048325 325 
3.85%2049375 375 
3.20%2049400 400 
3.15%2050300 300 
2.70%2050375 375 
2.05%2050375 375 
3.00%2051450 450 
5.13%2053400 — 
5.45%2053400 — 
Total MTNs13,750 12,775 
Principal Amount Outstanding13,765 12,790 
Amounts Due Within One Year(750)(825)
Net Unamortized Discount and Selling Expense(102)(94)
Total Long-Term Debt of PSE&G$12,913 $11,871 
 As of December 31,
 Maturity20232022
  Millions
PSEG Power
Term Loan:
Variable Rate2025$1,250 $1,250 
Total Term Loan1,250 1,250 
Total Long-Term Debt of PSEG Power$1,250 $1,250 
(A)In December 2020, PSEG issued $96 million principal amount of 8.63% Senior Notes due 2031 to holders of a like principal amount of 8.63% Senior Notes due 2031 originally issued by PSEG Power who validly tendered their notes pursuant to an offer to exchange. Upon consummation of the offer to exchange, the PSEG Power notes accepted in the exchange were cancelled. The transaction resulted in a non-cash financing activity for both PSEG and PSEG Power.
(B)Secured by essentially all property of PSE&G pursuant to its First and Refunding Mortgage.
Aggregate Principal Amounts Of Maturities
The aggregate principal amounts of maturities for each of the five years following December 31, 2023 are as follows:
YearPSEG PSE&GPSEG PowerTotal
 Millions
2024$750 $750 $— $1,500 
2025550 350 1,250 2,150 
2026— 875 — 875 
2027700 425 — 1,125 
2028600 700 — 1,300 
Thereafter1,796 10,665 — 12,461 
Total$4,396 $13,765 $1,250 $19,411 
Short-Term Liquidity
The total credit facilities and available liquidity as of December 31, 2023 were as follows:
As of December 31, 2023 
Company/FacilityTotal
Facility		Usage (B)Available
Liquidity		Expiration
Date		Primary Purpose
Millions
PSEG
Revolving Credit Facility (A)$1,500 $27 $1,473 Mar 2027Commercial Paper Support/Funding/Letters of Credit
Total PSEG$1,500 $27 $1,473 
PSE&G
Revolving Credit Facility$1,000 $445 $555 Mar 2027Commercial Paper Support/Funding/Letters of Credit
Total PSE&G$1,000 $445 $555 
PSEG Power
Revolving Credit Facility (A)$1,250 $39 $1,211 Mar 2027Funding/Letters of Credit
Letter of Credit Facility75 66 9 Apr 2026Letters of Credit
Letter of Credit Facility200 83 117 Sept 2024Letters of Credit
Total PSEG Power$1,525 $188 $1,337 
Total (C)$4,025 $660 $3,365 
(A)Master Credit Facility with sub-limits of $1.5 billion for PSEG and $1.25 billion for PSEG Power; sub-limits can be adjusted pursuant to the terms of the Master Credit Facility agreement. The PSEG sub-limit includes a sustainability linked pricing based mechanism with potential increases or decreases, which are not expected to be material, depending on performance relative to targeted methane emission reductions.
(B)The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of December 31, 2023, PSEG had $25 million outstanding at a weighted average interest rate of 5.60%. PSE&G had $425 million Commercial Paper outstanding at a weighted average interest rate of 5.57%.
(C)Amounts do not include uncommitted credit facilities.
Estimated Fair Values
Fair Value of Debt
The estimated fair values, carrying amounts and methods used to determine the fair values of long-term debt as of
December 31, 2023 and 2022 are included in the following table and accompanying notes as of December 31, 2023 and 2022. See Note 17. Fair Value Measurements for more information on fair value guidance and the hierarchy that prioritizes the inputs to fair value measurements into three levels.
 December 31, 2023December 31, 2022
 Carrying
Amount		Fair
Value 		Carrying
Amount		Fair
Value 
 Millions
Long-Term Debt:
PSEG (A)$4,371 $4,240 $4,124 $3,808 
PSE&G (A)13,663 12,460 12,696 11,106 
PSEG Power (B)1,250 1,250 1,250 1,250 
Total Long-Term Debt$19,284 $17,950 $18,070 $16,164 
(A)Given that these bonds do not trade actively, the fair value amounts of taxable debt securities (primarily Level 2 measurements) are generally determined by a valuation model using market-based measurements that are processed through a rules-based pricing methodology. The fair value amounts above do not represent the price at which the outstanding debt may be called for redemption by each issuer under their respective debt agreements.
(B)Private term loan with book value approximating fair value (Level 2 measurement).