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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and Cash Equivalents $ 54 $ 465
Accounts Receivable, net of allowances 1,482 1,944
Tax Receivable 10 79
Unbilled Revenues 244 322
Fuel 264 420
Materials and Supplies, net 759 540
Prepayments 144 93
Derivative Contracts 112 18
Regulatory Assets 273 369
Assets Held for Sale 0 20
Other 31 33
Total Current Assets 3,373 4,303
PROPERTY, PLANT AND EQUIPMENT 48,603 45,924
Less: Accumulated Depreciation and Amortization (10,572) (9,982)
Net Property, Plant and Equipment 38,031 35,942
NONCURRENT ASSETS    
Regulatory Assets 5,157 4,404
Operating Lease, Right-of-Use Asset 179 176
Long-Term Investments 295 624
Nuclear Decommissioning Trust (NDT) Fund 2,524 2,230
Income Taxes Receivable, Noncurrent 0 5
Long-Term Receivable of VIEs 632 551
Rabbi Trust 179 183
Derivative Contracts 29 15
Other 342 285
Total Noncurrent Assets 9,337 8,473
Total Assets 50,741 48,718
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 1,500 1,575
Commercial Paper and Loans 949 2,200
Accounts Payable 1,214 1,271
Derivative Contracts 86 124
Accrued Interest 170 134
Accrued Taxes 8 12
Clean Energy Program 145 145
Obligation to Return Cash Collateral 89 290
Regulatory Liabilities 349 384
Other 547 545
Total Current Liabilities 5,057 6,680
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,671 5,725
Regulatory Liabilities 2,075 2,240
Operating Leases 173 169
Asset Retirement Obligations 1,468 1,499
Environmental Costs 213 231
Derivative Contracts 6 33
Long-Term Accrued Taxes 45 66
Other 201 199
Total Noncurrent Liabilities 12,423 11,814
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 17,784 16,495
STOCKHOLDER'S EQUITY    
Common Stock 5,018 5,065
Treasury Stock, Common, Value $ (1,379) $ (1,377)
Treasury Stock, Common, Shares 36,000,000 37,000,000
Retained Earnings $ 12,017 $ 10,591
Accumulated Other Comprehensive Income (Loss) (179) (550)
Total Stockholder's Equity 15,477 13,729
Total Capitalization 33,261 30,224
TOTAL LIABILITIES AND CAPITALIZATION 50,741 48,718
Consolidated Entity, Excluding Consolidated VIE    
NONCURRENT LIABILITIES    
Other Postretirement Benefit (OPEB) Costs 349 410
Accrued Pension Costs 606 705
Variable Interest Entity, Primary Beneficiary    
NONCURRENT LIABILITIES    
Other Postretirement Benefit (OPEB) Costs 514 455
Accrued Pension Costs 102 82
Public Service Electric and Gas Company    
CURRENT ASSETS    
Cash and Cash Equivalents 30 220
Accounts Receivable, net of allowances 1,076 1,075
Unbilled Revenues 244 322
Materials and Supplies, net 519 307
Prepayments 57 7
Regulatory Assets 273 369
Other 31 32
Total Current Assets 2,230 2,332
PROPERTY, PLANT AND EQUIPMENT 43,753 41,045
Less: Accumulated Depreciation and Amortization (8,711) (8,215)
Net Property, Plant and Equipment 35,042 32,830
NONCURRENT ASSETS    
Regulatory Assets 5,157 4,404
Operating Lease, Right-of-Use Asset 99 86
Long-Term Investments 117 143
Rabbi Trust 32 32
Other 196 133
Total Noncurrent Assets 5,601 4,798
Total Assets 42,873 39,960
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 750 825
Commercial Paper and Loans 425 0
Accrued Interest 139 113
Clean Energy Program 145 145
Obligation to Return Cash Collateral 89 290
Regulatory Liabilities 349 384
Other 434 416
Total Current Liabilities 3,615 3,361
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,813 5,348
Regulatory Liabilities 2,075 2,240
Operating Leases 89 77
Asset Retirement Obligations 401 384
Other Postretirement Benefit (OPEB) Costs 210 255
Accrued Pension Costs 396 397
Environmental Costs 151 173
Long-Term Accrued Taxes 2 9
Other 160 163
Total Noncurrent Liabilities 9,297 9,046
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 12,913 11,871
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 2,156 2,156
Retained Earnings 14,004 12,639
Accumulated Other Comprehensive Income (Loss) (4) (5)
Total Stockholder's Equity 17,048 15,682
Total Capitalization 29,961 27,553
TOTAL LIABILITIES AND CAPITALIZATION 42,873 39,960
Public Service Electric and Gas Company | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable 780 703
Public Service Electric and Gas Company | Related Party    
CURRENT LIABILITIES    
Accounts Payable $ 504 $ 485