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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING REVENUES $ 2,805 $ 2,423 $ 6,027 $ 5,183
OPERATING EXPENSES        
Energy Costs 826 732 2,012 1,729
Operation and Maintenance 854 824 1,773 1,607
Depreciation and Amortization 308 285 628 580
Total Operating Expenses 1,988 1,841 4,413 3,916
OPERATING INCOME 817 582 1,614 1,267
Income from Equity Method Investments 0 1 0 1
Net Gains (Losses) on Trust Investments 95 7 103 102
Net Other Income (Deductions) 46 47 83 82
Net Non-Operating Pension and Other Postretirement Benefit (OPEB) Credits (Costs) 16 18 32 37
Interest Expense (248) (218) (489) (423)
INCOME BEFORE INCOME TAXES 726 437 1,343 1,066
Income Tax Expense (141) (3) (169) (100)
NET INCOME $ 585 $ 434 $ 1,174 $ 966
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
BASIC (shares) 499 498 499 498
DILUTED (shares) 500 500 500 500
EARNINGS PER SHARE:        
BASIC (dollars per share) $ 1.17 $ 0.87 $ 2.35 $ 1.94
DILUTED (dollars per share) $ 1.17 $ 0.87 $ 2.35 $ 1.93
Public Service Electric and Gas Company [Member]        
OPERATING REVENUES $ 2,031 $ 1,863 $ 4,695 $ 4,196
OPERATING EXPENSES        
Energy Costs 760 683 1,854 1,611
Operation and Maintenance 504 466 1,080 931
Depreciation and Amortization 275 247 555 504
Total Operating Expenses 1,539 1,396 3,489 3,046
OPERATING INCOME 492 467 1,206 1,150
Net Other Income (Deductions) 16 16 32 32
Net Non-Operating Pension and Other Postretirement Benefit (OPEB) Credits (Costs) 18 19 35 38
Interest Expense (161) (141) (318) (279)
INCOME BEFORE INCOME TAXES 365 361 955 941
Income Tax Expense (33) (59) (77) (151)
NET INCOME $ 332 $ 302 $ 878 $ 790