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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and Cash Equivalents $ 1,186 $ 54
Accounts Receivable, net of allowance 1,523 1,482
Tax Receivable 5 10
Unbilled Revenues, net of allowance 214 244
Fuel 96 264
Materials and Supplies, net 825 759
Prepayments 119 144
Derivative Contracts 74 112
Regulatory Assets 167 273
Other 73 31
Total Current Assets 4,282 3,373
PROPERTY, PLANT AND EQUIPMENT 49,295 48,603
Less: Accumulated Depreciation and Amortization (10,801) (10,572)
Net Property, Plant and Equipment 38,494 38,031
NONCURRENT ASSETS    
Regulatory Assets 5,374 5,157
Operating Lease, Right-of-Use Asset 175 179
Long-Term Investments 271 295
Nuclear Decommissioning Trust (NDT) Fund 2,628 2,524
Long-Term Receivable of Variable Interest Entities (VIEs) 637 632
Rabbi Trust Fund 173 179
Derivative Contracts 2 29
Other 352 342
Total Noncurrent Assets 9,612 9,337
Total Assets 52,388 50,741
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 2,500 1,500
Commercial Paper and Loans 525 949
Accounts Payable 980 1,214
Derivative Contracts 43 86
Accrued Interest 193 170
Accrued Taxes 37 8
Clean Energy Program 86 145
Obligation to Return Cash Collateral 93 89
Regulatory Liabilities 362 349
Other 569 547
Total Current Liabilities 5,388 5,057
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,802 6,671
Regulatory Liabilities 2,043 2,075
Operating Leases 168 173
Asset Retirement Obligations 1,480 1,468
Environmental Costs 217 213
Derivative Contracts 16 6
Long-Term Accrued Taxes 37 45
Other 198 201
Total Noncurrent Liabilities 12,518 12,423
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 18,764 17,784
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 5,003 5,018
Treasury Stock, at cost (1,366) (1,379)
Retained Earnings 12,250 12,017
Accumulated Other Comprehensive Income (Loss) (169) (179)
Total Stockholder's Equity 15,718 15,477
Total Capitalization 34,482 33,261
TOTAL LIABILITIES AND CAPITALIZATION 52,388 50,741
Consolidated Entity Excluding Variable Interest Entities (VIE)    
NONCURRENT LIABILITIES    
OPEB Costs 335 349
Accrued Pension Costs 602 606
Variable Interest Entity, Primary Beneficiary    
NONCURRENT LIABILITIES    
OPEB Costs 520 514
Accrued Pension Costs 100 102
Public Service Electric and Gas Company [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 50 30
Unbilled Revenues, net of allowance 214 244
Materials and Supplies, net 579 519
Prepayments 51 57
Regulatory Assets 167 273
Other 25 31
Total Current Assets 2,274 2,230
PROPERTY, PLANT AND EQUIPMENT 44,349 43,753
Less: Accumulated Depreciation and Amortization (8,851) (8,711)
Net Property, Plant and Equipment 35,498 35,042
NONCURRENT ASSETS    
Regulatory Assets 5,374 5,157
Operating Lease, Right-of-Use Asset 99 99
Long-Term Investments 112 117
Rabbi Trust Fund 31 32
Other 203 196
Total Noncurrent Assets 5,820 5,601
Total Assets 43,592 42,873
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 500 750
Commercial Paper and Loans 25 425
Accrued Interest 128 139
Clean Energy Program 86 145
Obligation to Return Cash Collateral 93 89
Regulatory Liabilities 362 349
Other 457 434
Total Current Liabilities 2,775 3,615
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 5,955 5,813
Regulatory Liabilities 2,043 2,075
Operating Leases 88 89
Asset Retirement Obligations 401 401
OPEB Costs 197 210
Accrued Pension Costs 392 396
Environmental Costs 147 151
Long-Term Accrued Taxes 0 2
Other 155 160
Total Noncurrent Liabilities 9,378 9,297
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 13,903 12,913
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 2,156 2,156
Retained Earnings 14,492 14,004
Accumulated Other Comprehensive Income (Loss) (4) (4)
Total Stockholder's Equity 17,536 17,048
Total Capitalization 31,439 29,961
TOTAL LIABILITIES AND CAPITALIZATION 43,592 42,873
Public Service Electric and Gas Company [Member] | Nonrelated Party    
CURRENT ASSETS    
Accounts Receivable, net of allowance 1,188 1,076
CURRENT LIABILITIES    
Accounts Payable 619 780
Public Service Electric and Gas Company [Member] | Related Party    
NONCURRENT ASSETS    
Long Term Accrued Taxes Receivable 1 0
CURRENT LIABILITIES    
Accounts Payable $ 505 $ 504