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Debt and Credit Facilities Debt and Credit Facilities (Short-Term Liquidity) (Details) - USD ($)
$ in Millions
1 Months Ended 6 Months Ended
Apr. 30, 2024
Aug. 31, 2023
Apr. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Commercial Paper       $ 879   $ 949
Commitments of Single Institution as Percentage of Total Commitments       10.00%    
Line of Credit Facility, Remaining Borrowing Capacity [1]       $ 2,949    
Line of Credit Facility, Maximum Borrowing Capacity [1]       4,025    
Line of Credit Facility, Fair Value of Amount Outstanding [1],[2]       1,076    
Proceeds from Short-Term Loan       0 $ 750  
Repayments of Short-term Debt       500 2,000  
Collateral Already Posted, Aggregate Fair Value       137   113
Net Change in Commercial Paper and Loans       430 247  
Public Service Electric and Gas Company [Member]            
Commercial Paper       390   $ 425
Line of Credit Facility, Remaining Borrowing Capacity       589    
Line of Credit Facility, Maximum Borrowing Capacity       1,000    
Line of Credit Facility, Fair Value of Amount Outstanding       411    
Net Change in Commercial Paper and Loans       (35) $ 298  
PSEG Power [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       1,364    
Line of Credit Facility, Maximum Borrowing Capacity       1,525    
Line of Credit Facility, Fair Value of Amount Outstanding       161    
Five Year Credit Facility Maturing March 2023 [Member] | Public Service Electric and Gas Company [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       $ 589    
Debt Instrument, Maturity Date, Description       Mar 2028    
Line of Credit Facility, Maximum Borrowing Capacity       $ 1,000    
Line of Credit Facility, Fair Value of Amount Outstanding [2]       411    
Five Year Credit Facility Maturing March 2023 [Member] | PSEG Power [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       $ 1,211    
Debt Instrument, Maturity Date, Description       Mar 2028    
Line of Credit Facility, Maximum Borrowing Capacity [3]       $ 1,250    
Line of Credit Facility, Fair Value of Amount Outstanding       39    
Letter of Credit Facilities expiring April 2025 | PSEG Power [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       $ 30    
Debt Instrument, Maturity Date, Description       Apr 2026    
Line of Credit Facility, Maximum Borrowing Capacity       $ 75    
Line of Credit Facility, Fair Value of Amount Outstanding       45    
Letter of Credit Facilities expiring September 2024 | PSEG Power [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       $ 123    
Debt Instrument, Maturity Date, Description       Sept 2024    
Line of Credit Facility, Maximum Borrowing Capacity       $ 200    
Line of Credit Facility, Fair Value of Amount Outstanding       77    
Uncommitted Letter of Credit Facility | PSEG Power [Member]            
Line of Credit Facility, Maximum Borrowing Capacity       200    
Line of Credit Facility, Fair Value of Amount Outstanding       68    
Subsidiary Uncommitted Letter of Credit Facility | PSEG Power [Member]            
Line of Credit Facility, Maximum Borrowing Capacity       150    
April 2023 Term Loan            
Proceeds from Short-Term Loan     $ 750      
Repayments of Short-term Debt $ 500 $ 250        
PSEG [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       996    
Line of Credit Facility, Maximum Borrowing Capacity       1,500    
Line of Credit Facility, Fair Value of Amount Outstanding       504    
PSEG [Member] | Five Year Credit Facility Maturing March 2023 [Member]            
Line of Credit Facility, Remaining Borrowing Capacity       $ 996    
Debt Instrument, Maturity Date, Description       Mar 2028    
Line of Credit Facility, Maximum Borrowing Capacity [3]       $ 1,500    
Line of Credit Facility, Fair Value of Amount Outstanding [2]       504    
PSEG [Member] | Five Year Credit Facility Maturing March 2023 [Member]            
Commercial Paper       $ 489    
Short-term Debt, Weighted Average Interest Rate, at Point in Time       5.52%    
Public Service Electric and Gas Company [Member] | Five Year Credit Facility Maturing March 2023 [Member]            
Commercial Paper       $ 390    
Short-term Debt, Weighted Average Interest Rate, at Point in Time       5.49%    
[1] Amounts do not include uncommitted credit facilities or 364-day term loans, if any apply.
[2] The primary use of PSEG’s and PSE&G’s credit facilities is to support their respective Commercial Paper Programs, under which as of June 30, 2024, PSEG had $489 million outstanding commercial paper at a weighted average interest rate of 5.52% and PSE&G had $390 million outstanding at a weighted average interest rate of 5.49%.
[3] 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.