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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and Cash Equivalents $ 203 $ 54
Accounts Receivable, net of allowance 1,451 1,482
Tax Receivable 148 10
Unbilled Revenues, net of allowance 183 244
Fuel 271 264
Materials and Supplies, net 907 759
Prepayments 278 144
Derivative Contracts 35 112
Regulatory Assets 489 273
Other 27 31
Total Current Assets 3,992 3,373
PROPERTY, PLANT AND EQUIPMENT 50,615 48,603
Less: Accumulated Depreciation and Amortization (11,014) (10,572)
Net Property, Plant and Equipment 39,601 38,031
NONCURRENT ASSETS    
Regulatory Assets 6,034 5,157
Operating Lease, Right-of-Use Asset 167 179
Long-Term Investments 265 295
Nuclear Decommissioning Trust (NDT) Fund 2,799 2,524
Long-Term Receivable of Variable Interest Entities (VIE) 641 632
Rabbi Trust Fund 175 179
Derivative Contracts 36 29
Other 370 342
Total Noncurrent Assets 10,487 9,337
TOTAL ASSETS 54,080 50,741
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 2,400 1,500
Commercial Paper and Loans 547 949
Accounts Payable 1,121 1,214
Derivative Contracts 18 86
Accrued Interest 225 170
Accrued Taxes 15 8
Clean Energy Program 185 145
Obligation to Return Cash Collateral 93 89
Regulatory Liabilities 603 349
Other 651 547
Total Current Liabilities 5,858 5,057
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 7,190 6,671
Regulatory Liabilities 2,309 2,075
Operating Leases 159 173
Asset Retirement Obligations 1,497 1,468
Environmental Costs 229 213
Derivative Contracts 6 6
Long-Term Accrued Taxes 41 45
Other 196 201
Total Noncurrent Liabilities 13,167 12,423
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 18,960 17,784
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 5,036 5,018
Treasury Stock, at cost (1,405) (1,379)
Retained Earnings 12,606 12,017
Accumulated Other Comprehensive Income (Loss) (142) (179)
Total Stockholder's Equity 16,095 15,477
Total Capitalization 35,055 33,261
TOTAL LIABILITIES AND CAPITALIZATION 54,080 50,741
Consolidated Entity Excluding Variable Interest Entities (VIE)    
NONCURRENT LIABILITIES    
OPEB Costs 321 349
Accrued Pension Costs 595 606
Variable Interest Entity, Primary Beneficiary    
NONCURRENT LIABILITIES    
OPEB Costs 533 514
Accrued Pension Costs 91 102
Public Service Electric and Gas Company [Member]    
CURRENT ASSETS    
Cash and Cash Equivalents 185 30
Unbilled Revenues, net of allowance 183 244
Materials and Supplies, net 643 519
Prepayments 139 57
Regulatory Assets 489 273
Other 24 31
Total Current Assets 2,764 2,230
PROPERTY, PLANT AND EQUIPMENT 45,546 43,753
Less: Accumulated Depreciation and Amortization (8,999) (8,711)
Net Property, Plant and Equipment 36,547 35,042
NONCURRENT ASSETS    
Regulatory Assets 6,034 5,157
Operating Lease, Right-of-Use Asset 96 99
Long-Term Investments 95 117
Rabbi Trust Fund 32 32
Other 216 196
Total Noncurrent Assets 6,473 5,601
TOTAL ASSETS 45,784 42,873
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 600 750
Commercial Paper and Loans 0 425
Accrued Interest 136 139
Clean Energy Program 185 145
Obligation to Return Cash Collateral 93 89
Regulatory Liabilities 603 349
Other 360 434
Total Current Liabilities 2,910 3,615
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,326 5,813
Regulatory Liabilities 2,309 2,075
Operating Leases 85 89
Asset Retirement Obligations 404 401
OPEB Costs 185 210
Accrued Pension Costs 384 396
Environmental Costs 162 151
Long-Term Accrued Taxes 0 2
Other 156 160
Total Noncurrent Liabilities 10,011 9,297
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 14,645 12,913
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 2,156 2,156
Retained Earnings 15,173 14,004
Accumulated Other Comprehensive Income (Loss) (3) (4)
Total Stockholder's Equity 18,218 17,048
Total Capitalization 32,863 29,961
TOTAL LIABILITIES AND CAPITALIZATION 45,784 42,873
Public Service Electric and Gas Company [Member] | Nonrelated Party    
CURRENT ASSETS    
Accounts Receivable, net of allowance 1,101 1,076
CURRENT LIABILITIES    
Accounts Payable 712 780
Public Service Electric and Gas Company [Member] | Related Party    
NONCURRENT ASSETS    
Long Term Accrued Taxes Receivable 0  
CURRENT LIABILITIES    
Accounts Payable $ 221 $ 504