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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 186 $ 125
Accounts Receivable, net of allowance 1,699 1,597
Tax Receivable 330 394
Unbilled Revenues, net of allowance 331 313
Fuel 213 232
Materials and Supplies, net 889 892
Prepayments 365 117
Derivative Contracts 29 33
Regulatory Assets 529 516
Other 17 16
Total Current Assets 4,588 4,235
PROPERTY, PLANT AND EQUIPMENT 52,341 51,207
Less: Accumulated Depreciation and Amortization (11,577) (11,143)
Net Property, Plant and Equipment 40,764 40,064
NONCURRENT ASSETS    
Regulatory Assets 6,331 6,125
Operating Lease Right-of-Use Assets 155 162
Long-Term Investments 236 263
Nuclear Decommissioning Trust (NDT) Fund 2,845 2,670
Long-Term Receivable of Variable Interest Entities (VIE) 566 558
Rabbi Trust Fund 164 165
Derivative Contracts 6 51
Other 369 347
Total Noncurrent Assets 10,672 10,341
TOTAL ASSETS 56,024 54,640
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 1,000 2,150
Commercial Paper and Loans 650 1,593
Accounts Payable 1,175 1,136
Derivative Contracts 26 5
Accrued Interest 257 219
Accrued Taxes 70 10
Clean Energy Program 226 145
Obligation to Return Cash Collateral 104 93
Regulatory Liabilities 492 555
Other 582 599
Total Current Liabilities 4,582 6,505
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 7,588 7,248
Regulatory Liabilities 2,139 2,271
Operating Leases 144 153
Asset Retirement Obligations 1,372 1,500
Environmental Costs 217 225
Derivative Contracts 15 4
Long-Term Accrued Taxes 146 130
Other 202 205
Total Noncurrent Liabilities 13,132 13,057
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 21,639 18,964
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 5,029 5,057
Treasury Stock, at cost (1,373) (1,403)
Retained Earnings 13,138 12,593
Accumulated Other Comprehensive Loss (123) (133)
Total Stockholders' Equity 16,671 16,114
Total Capitalization 38,310 35,078
TOTAL LIABILITIES AND CAPITALIZATION 56,024 54,640
Consolidated Entity Excluding Variable Interest Entities (VIE)    
NONCURRENT LIABILITIES    
OPEB Costs 272 292
Accrued Pension Costs 487 488
Variable Interest Entity, Primary Beneficiary    
NONCURRENT LIABILITIES    
OPEB Costs 524 510
Accrued Pension Costs 26 31
Public Service Electric and Gas Company    
CURRENT ASSETS    
Cash and Cash Equivalents 64 79
Unbilled Revenues, net of allowance 331 313
Materials and Supplies, net 625 642
Prepayments 302 28
Regulatory Assets 529 516
Other 16 15
Total Current Assets 3,163 2,782
PROPERTY, PLANT AND EQUIPMENT 47,361 46,198
Less: Accumulated Depreciation and Amortization (9,476) (9,160)
Net Property, Plant and Equipment 37,885 37,038
NONCURRENT ASSETS    
Regulatory Assets 6,331 6,125
Operating Lease Right-of-Use Assets 92 93
Long-Term Investments 74 90
Rabbi Trust Fund 29 30
Long-Term Accrued Taxes 0 2
Other 215 204
Total Noncurrent Assets 6,741 6,544
TOTAL ASSETS 47,789 46,364
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 450 350
Commercial Paper and Loans 200 444
Accrued Interest 189 174
Clean Energy Program 226 145
Obligation to Return Cash Collateral 104 93
Regulatory Liabilities 492 555
Other 395 371
Total Current Liabilities 3,199 3,198
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 6,736 6,477
Regulatory Liabilities 2,139 2,271
Operating Leases 80 83
Asset Retirement Obligations 462 457
OPEB Costs 147 164
Accrued Pension Costs 303 305
Environmental Costs 150 159
Long-Term Accrued Taxes 4 0
Other 155 157
Total Noncurrent Liabilities 10,176 10,073
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT    
Total Long-Term Debt 15,091 14,648
STOCKHOLDER'S EQUITY    
Common Stock, Value, Issued 892 892
Contributed Capital 2,156 2,156
Retained Earnings 16,279 15,401
Accumulated Other Comprehensive Loss (4) (4)
Total Stockholders' Equity 19,323 18,445
Total Capitalization 34,414 33,093
TOTAL LIABILITIES AND CAPITALIZATION 47,789 46,364
Public Service Electric and Gas Company | Nonrelated Party    
CURRENT ASSETS    
Accounts Receivable, net of allowance 1,296 1,189
CURRENT LIABILITIES    
Accounts Payable 763 704
Public Service Electric and Gas Company | Related Party    
CURRENT LIABILITIES    
Accounts Payable $ 380 $ 362