XML 24 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income [1] $ 532 $ 1,287
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 295 282
Amortization of Nuclear Fuel 51 48
Provision for Deferred Income Taxes and ITC 40 213
Non-Cash Employee Benefit Plan (Credits) Costs 18 9
Net Realized and Unrealized (Gains) Losses on Energy Contracts and Other Derivatives 258 (771)
Payments for Removal Costs (45) (41)
Net Change in Regulatory Assets and Liabilities (47) 5
Net Realized (Gains) Losses and (Income) Expense from NDT Fund (109) (58)
Net Change in Certain Current Assets and Liabilities:    
Tax Receivable 5 70
Accrued Taxes 11 85
Margin Deposit (168) 794
Obligation to Return Cash Collateral 4 (186)
Other Current Assets and Liabilities (97) 169
Employee Benefit Plan Funding and Related Payments (19) (12)
Other 23 13
Net Cash Provided By (Used In) Operating Activities 661 1,837
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (797) (739)
Proceeds from Sale of Trust Investments 369 402
Purchases of Trust Investments (380) (415)
Proceeds from Sales of Long-Lived Assets and Lease Investments 0 20
Other 23 18
Net Cash Provided By (Used In) Investing Activities (785) (714)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (425) (200)
Repayments of Short-term Debt 0 (750)
Proceeds from Issuance of Other Long-term Debt 2,250 900
Repayments of Long-term Debt 250 0
Cash Dividends Paid on Common Stock (299) (284)
Other (27) (46)
Net Cash Provided By (Used In) Financing Activities 1,249 (380)
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 1,125 743
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 99 511
Cash, Cash Equivalents and Restricted Cash at End of Period 1,224 1,254
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) (4) (72)
Interest Paid, Net of Amounts Capitalized 172 148
Accrued Property, Plant and Equipment Expenditures 408 333
Energy Efficiency Program Regulatory Investment Expenditures (118) (87)
Amortization of Energy Efficiency Program Expenditures 27 17
Public Service Electric and Gas Company [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 488 487
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 257 244
Provision for Deferred Income Taxes and ITC 53 27
Non-Cash Employee Benefit Plan (Credits) Costs 11 3
Payments for Removal Costs (45) (41)
Net Change in Regulatory Assets and Liabilities (47) 5
Net Change in Certain Current Assets and Liabilities:    
Accounts Receivable and Unbilled Revenues (83) 37
Fuel, Materials and Supplies (60) (45)
Prepayments 6 (10)
Obligation to Return Cash Collateral 4 (186)
Accounts Payable (87) (83)
Accounts Receivable/Payable-Affiliated Companies, net 30 8
Other Current Assets and Liabilities 6 31
Employee Benefit Plan Funding and Related Payments (14) (7)
Other (20) (22)
Net Cash Provided By (Used In) Operating Activities 408 378
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (739) (676)
Proceeds from Sale of Trust Investments 1 1
Purchases of Trust Investments (1) (1)
Other 6 3
Net Cash Provided By (Used In) Investing Activities (733) (673)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Change in Commercial Paper and Loans (400) 0
Proceeds from Issuance of Other Long-term Debt 1,000 900
Repayments of Long-term Debt 250 0
Other (12) (8)
Net Cash Provided By (Used In) Financing Activities 338 892
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash 13 597
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 75 266
Cash, Cash Equivalents and Restricted Cash at End of Period 88 863
Supplemental Disclosure of Cash Flow Information:    
Income Taxes Paid (Received) (1) (10)
Interest Paid, Net of Amounts Capitalized 142 102
Accrued Property, Plant and Equipment Expenditures 322 308
Energy Efficiency Program Regulatory Investment Expenditures (118) (87)
Amortization of Energy Efficiency Program Expenditures $ 27 $ 17
[1] Includes net after-tax gains (losses) of $(186) million and $555 million for the three months ended March 31, 2024 and 2023, respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.