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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) [1],[2] $ 2,563 $ 1,031 $ (648)
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation and Amortization 1,135 1,100 1,216
Amortization of Nuclear Fuel 189 183 187
(Gains) Losses on Asset Dispositions and Impairments 7 123 2,637
Loss on Extinguishment of Debt 0 0 298
Emission Allowances and Renewable Energy Credit Compliance Accrual 3 55 138
Provision for Deferred Income Taxes (Other than Leases) and ITC 355 (261) (845)
Non-Cash Employee Benefit Plan Costs 366 (239) (178)
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives (1,333) 639 614
Net Change in Regulatory Assets and Liabilities 2 (78) (185)
Cost of Removal (166) (129) (121)
Energy Efficiency Program Regulatory Investment Expenditures (466) (286) (117)
Amortization of Energy Efficiency Program Expenditures 82 48 31
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (248) 202 (229)
Net Change in Certain Current Assets and Liabilities:      
Cash Collateral 1,408 (677) (790)
Increase (Decrease) in Obligation to Return Cash Collateral (201) 111 81
Accrued Taxes (10) (94) (127)
Other Current Assets and Liabilities 110 (187) (263)
Employee Benefit Plan Funding and Related Payments (40) (35) (25)
Other 50 (3) 62
Net Cash Provided By (Used In) Operating Activities 3,806 1,503 1,736
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant and Equipment (3,325) (2,888) (2,719)
Proceeds from Sales of Trust Investments 1,714 1,586 2,100
Purchases of Trust Investments 1,751 1,611 2,092
Proceeds from Sale of Property, Plant, and Equipment 37 1,918 569
Contributions to Equity Method Investments 0 (124) (111)
Other 76 18 9
Net Cash Provided By (Used In) Investing Activities (2,958) (1,101) (2,244)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Change in Commercial Paper and Loans 250 (819) 256
Proceeds from Short-term Debt 750 2,000 2,500
Repayments of Short-term Debt (2,250) (2,500) (300)
Issuance of Long-Term Debt 2,800 2,850 2,825
Redemption of Long-Term Debt (1,575) (700) (3,082)
Payment for Debt Extinguishment or Debt Prepayment Cost 0 0 (294)
Payments for Repurchase of Common Stock 0 (500) 0
Cash Dividend Paid (1,137) (1,079) (1,031)
Other (98) (6) (75)
Net Cash Provided By (Used In) Financing Activities (1,260) (754) 799
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (412) (352) 291
Cash, Cash Equivalents and Restricted Cash, beginning 511 863 572
Cash, Cash Equivalents and Restricted Cash, ending 99 511 863
Supplemental Disclosure of Cash Flow Information:      
Income Taxes Paid (Received) 144 353 425
Interest Paid, Net of Amounts Capitalized 683 602 547
Accrued Property, Plant and Equipment Expenditures 443 366 331
Proceeds from Sale of Equity Method Investments 291 0 0
Public Service Electric and Gas Company      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) 1,515 1,565 1,446
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:      
Depreciation and Amortization 980 935 928
(Gains) Losses on Asset Dispositions and Impairments 0 0 (4)
Provision for Deferred Income Taxes (Other than Leases) and ITC 29 137 116
Non-Cash Employee Benefit Plan Costs 8 (179) (156)
Net Change in Regulatory Assets and Liabilities 2 (78) (185)
Cost of Removal (166) (129) (121)
Energy Efficiency Program Regulatory Investment Expenditures (466) (286) (117)
Amortization of Energy Efficiency Program Expenditures 82 48 31
Net Change in Certain Current Assets and Liabilities:      
Accounts Receivable and Unbilled Revenues 72 (132) (34)
Fuel, Materials and Supplies (211) (73) (16)
Increase (Decrease) in Obligation to Return Cash Collateral (201) 111 81
Prepayments (50) 8 (1)
Accounts Payable 13 96 (71)
Accounts Receivable/Payable-Affiliated Companies, net (3) 18 (32)
Other Current Assets and Liabilities 23 44 (71)
Employee Benefit Plan Funding and Related Payments (20) (17) (10)
Other (67) (40) (64)
Net Cash Provided By (Used In) Operating Activities 1,540 2,028 1,724
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant and Equipment (2,998) (2,590) (2,447)
Proceeds from Sales of Trust Investments 4 12 35
Purchases of Trust Investments 3 10 29
Solar Loan Investments 27 34 29
Other 6 11 16
Net Cash Provided By (Used In) Investing Activities (2,964) (2,543) (2,396)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Change in Commercial Paper and Loans 425 0 (100)
Issuance of Long-Term Debt 1,800 900 1,325
Redemption of Long-Term Debt (825) 0 (434)
Cash Dividend Paid (150) (450) 0
Other (17) (8) (13)
Net Cash Provided By (Used In) Financing Activities 1,233 442 778
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (191) (73) 106
Cash, Cash Equivalents and Restricted Cash, beginning 266 339 233
Cash, Cash Equivalents and Restricted Cash, ending 75 266 339
Supplemental Disclosure of Cash Flow Information:      
Income Taxes Paid (Received) 77 137 266
Interest Paid, Net of Amounts Capitalized 449 409 383
Accrued Property, Plant and Equipment Expenditures $ 395 $ 331 $ 294
[1] Includes a $239 million after-tax pension charge due to the remeasurement of the qualified pension plans as a result of the pension settlement transaction in the third quarter of 2023. Includes after-tax impairments of $92 million related to certain Energy Holdings investments and additional adjustments related to the sale of PSEG Power’s fossil generation assets in the year ended December 31, 2022. Includes after-tax impairment losses and other charges, including debt extinguishment costs, related to the sale of the fossil generating assets at PSEG Power of $2,158 million in the year ended December 31, 2021. See Note 3. Asset Dispositions and Impairments for additional information.
[2] Includes net after-tax gain (loss) of $959 million, $(457) million and $(446) million in the years ended December 31, 2023, 2022 and 2021, respectively at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consists of the financial impact from positions with future delivery dates.