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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS
PERFORMANCE
In accordance with Item 402(v) of Regulation
S-K,
we are providing the following information regarding the relationship between compensation of our CEO or Principal Executive Officer (PEO) and NEOs and certain financial performance measures of PSEG for the fiscal years ended on December 31, 2024, December 31, 2023, December 31, 2022, December 31, 2021 and December 31, 2020. For further information on PSEG’s
pay-for-performance
philosophy and how executive compensation aligns with the Company’s performance, refer to the Compensation Discussion and Analysis section of this Proxy Statement.
 
  Year
  
Summary
Compensation
Table Total
for PEO #1
(1&2)

($)
    
Compensation
Actually Paid
to PEO #1
(1&3)

($)
    
Summary
Compensation
Table Total
for PEO #2
(1&2)

($)
    
Compensation
Actually Paid
to PEO #2
(1&3)

($)
    
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs
(1&2)

($)
    
Average
Compensation
Actually Paid
to Non-PEO NEOs

($)
(1&3)
    
Value of Initial
Fixed $100
Investment based
on Total
Shareholder
Return
($)
(4)
    
Value of Initial
Fixed $100
Investment
based on Peer
Group Total
Shareholder
Return
($)
(4)
    
Net Income
(Loss)
($ millions)
(5)
    
Operating
EPS
(Non-GAAP)

($)
(6)
  
2024
  
 
 N/A   
 
  
 
 N/A   
 
  
 
12,367,961
 
  
 
31,359,707
 
  
 
3,498,175
 
  
 
7,157,809
 
  
 
169.91
 
  
 
133.53
 
  
 
1,772
 
  
 
3.68 
 
2023
  
 
 N/A   
 
  
 
 N/A   
 
  
 
11,778,863
 
  
 
12,972,702
 
  
 
3,578,301
 
  
 
3,490,761
 
  
 
119.14
 
  
 
115.43
 
  
 
2,563
 
  
 
3.48 
 
2022
  
 
12,869,210
 
  
 
1,495,352
 
  
 
9,510,542
 
  
 
6,408,817
 
  
 
2,733,718
 
  
 
1,371,783
 
  
 
114.98
 
  
 
121.88
 
  
 
1,031
 
  
 
3.47 
 
2021
  
 
14,208,674
 
  
 
16,757,115
 
  
 
-  
 
  
 
-  
 
  
 
3,834,217
 
  
 
4,311,559
 
  
 
121.14
 
  
 
119.44
 
  
 
(648
) 
  
 
3.65 
 
2020
  
 
14,308,254
 
  
 
21,440,227
 
  
 
-  
 
  
 
-  
 
  
 
3,677,833
 
  
 
4,733,261
 
  
 
102.37
 
  
 
101.68
 
  
 
1,905
 
  
 
3.43 
 
 
(1)
NEOs included in these columns reflect the following:
 
 Year
   
PEO#1
     
PEO#2
   
Non-PEO
NEOs
2024
   
N/A
     
Mr. LaRossa
   
Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. McFeaters
2023
   
N/A
     
Mr. LaRossa
   
Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. McFeaters
2022
   
Mr. Izzo
     
Mr. LaRossa
   
Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. Carr
2021
   
Mr. Izzo
     
N/A
   
Mr. Cregg, Mr. LaRossa, Ms. Linde, and Mr. Daly
 
(2)
Amounts reflect the total compensation for our NEOs, as reported in the Summary Compensation Table for each applicable year.
(3)
In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards were remeasured as of the end of each fiscal year, and as of each vesting date, during the years displayed in the tables below. For PSUs with a relative TSR metric, the fair values as of each measurement date (prior to the end of the performance period) were determined using a Monte Carlo simulation pricing model, with assumptions and methodologies that are generally consistent with those used to estimate fair value at grant under US GAAP. The range of estimates used in the Monte Carlo calculations are as follows: (i) for 2024, volatility between
19.1%-19.3%
and risk-free rate between
4.1%-4.2%;
(ii) for 2023, volatility between
20%-22%
and risk-free rate between
4.1%-4.7%;
(iii) for 2022, volatility between
19%-41%
and risk-free rate of 0.1%; (iv) for 2021, volatility between
30%-32%
and risk-free rate between
0.4%-0.7%;
and (v) for 2020, volatility between
22%-24%
and risk-free rate between
4.3%-4.6%.
For PSUs with a ROIC metric, fair values reflect the probable outcome of the performance vesting conditions as of each measurement date. For a discussion of the assumptions made in the valuation at grant, see Note 18 to the Consolidated Financial Statements included in our Form
10-K.
In calculating the ‘compensation actually paid’ amounts reflected in the columns below, the adjustments made to the pension benefit values were computed in accordance with U.S. GAAP. For each fiscal year reflected, the ‘compensation actually paid’ to the PEO and the average ‘compensation actually paid’ to the
non-PEO
NEOs reflect the following adjustments made to the total compensation amounts reported in the Summary Compensation Table for each applicable fiscal year, computed in accordance with Item 402(v) of Regulation
S-K.
 
Pay Versus Performance
 
 
 
     
2024
 
($)
  
Summary Compensation Table Total for PEO
   
 
12,367,961  
 
Minus: Grant Date Fair Value of Equity Awards Granted in Fiscal Year
   
 
(8,500,035) 
 
Minus: Change in Pension Value
   
 
-  
 
Plus: Pension Service Cost and Associated Prior Service Cost
   
 
231,332  
 
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year
   
 
11,414,760  
 
Plus: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years
   
 
5,232,447  
 
Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year
   
 
2,825,682  
 
Plus: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year
   
 
6,078,318  
 
Minus: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year
   
 
-  
 
Plus: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation
   
 
1,709,242  
 
  
 
 
  
Compensation Actually Paid for PEO
   
 
  31,359,707  
 
  
 
 
  
          
 
     
2024
 
($)
  
Summary Compensation Table Total for NEOs (other than PEO)
   
 
3,498,175  
 
Minus: Grant Date Fair Value of Equity Awards Granted in Fiscal Year
   
 
(1,800,049) 
 
Minus: Change in Pension Value
   
 
(57,000) 
 
Plus: Pension Service Cost and Associated Prior Service Cost
   
 
115,853  
 
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year
   
 
2,417,339  
 
Plus: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years
   
 
1,138,527  
 
Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year
   
 
598,360  
 
Plus: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year
   
 
912,101  
 
Minus: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year
   
 
-  
 
Plus: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation
   
 
334,503  
 
  
 
 
  
Compensation Actually Paid for NEOs (other than PEO)
   
 
  7,157,809  
 
  
 
 
  
          
 
(4)
The Company’s TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation
S-K.
The Peer Group used to determine the Company’s Peer Group TSR for each applicable fiscal year is the following published industry index (Dow Jones Utilities (DJU) Index), as disclosed in our 2024 Annual Report on Form
10-K
for fiscal year ended 2024 pursuant to Item 201(e) of Regulation
S-K.
(5)
Amounts reflect PSEG’s net income as reported in our audited financial statements for the applicable year.
(6)
While we use numerous financial and
non-financial
performance measures to evaluate performance under our compensation programs,
non-GAAP
Operating EPS is the financial performance measure that, in PSEG’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used to link compensation actually paid to NEOs, for the most recently completed fiscal year, to Company performance.
       
Company Selected Measure Name Operating EPS        
Named Executive Officers, Footnote
(1)
NEOs included in these columns reflect the following:
 
 Year
   
PEO#1
     
PEO#2
   
Non-PEO
NEOs
2024
   
N/A
     
Mr. LaRossa
   
Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. McFeaters
2023
   
N/A
     
Mr. LaRossa
   
Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. McFeaters
2022
   
Mr. Izzo
     
Mr. LaRossa
   
Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. Carr
2021
   
Mr. Izzo
     
N/A
   
Mr. Cregg, Mr. LaRossa, Ms. Linde, and Mr. Daly
        
Peer Group Issuers, Footnote The Company’s TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation
S-K.
The Peer Group used to determine the Company’s Peer Group TSR for each applicable fiscal year is the following published industry index (Dow Jones Utilities (DJU) Index), as disclosed in our 2024 Annual Report on Form
10-K
for fiscal year ended 2024 pursuant to Item 201(e) of Regulation
S-K.
        
Adjustment To PEO Compensation, Footnote
     
2024
 
($)
  
Summary Compensation Table Total for PEO
   
 
12,367,961  
 
Minus: Grant Date Fair Value of Equity Awards Granted in Fiscal Year
   
 
(8,500,035) 
 
Minus: Change in Pension Value
   
 
-  
 
Plus: Pension Service Cost and Associated Prior Service Cost
   
 
231,332  
 
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year
   
 
11,414,760  
 
Plus: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years
   
 
5,232,447  
 
Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year
   
 
2,825,682  
 
Plus: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year
   
 
6,078,318  
 
Minus: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year
   
 
-  
 
Plus: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation
   
 
1,709,242  
 
  
 
 
  
Compensation Actually Paid for PEO
   
 
  31,359,707  
 
  
 
 
  
          
        
Non-PEO NEO Average Total Compensation Amount $ 3,498,175 $ 3,578,301 $ 2,733,718 $ 3,834,217 $ 3,677,833
Non-PEO NEO Average Compensation Actually Paid Amount $ 7,157,809 3,490,761 1,371,783 4,311,559 4,733,261
Adjustment to Non-PEO NEO Compensation Footnote
     
2024
 
($)
  
Summary Compensation Table Total for NEOs (other than PEO)
   
 
3,498,175  
 
Minus: Grant Date Fair Value of Equity Awards Granted in Fiscal Year
   
 
(1,800,049) 
 
Minus: Change in Pension Value
   
 
(57,000) 
 
Plus: Pension Service Cost and Associated Prior Service Cost
   
 
115,853  
 
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year
   
 
2,417,339  
 
Plus: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years
   
 
1,138,527  
 
Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year
   
 
598,360  
 
Plus: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year
   
 
912,101  
 
Minus: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year
   
 
-  
 
Plus: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation
   
 
334,503  
 
  
 
 
  
Compensation Actually Paid for NEOs (other than PEO)
   
 
  7,157,809  
 
  
 
 
  
          
        
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between Compensation Actually Paid for CEO and NEOs (Average) vs. Cumulative TSR of Company and the Peer Group
The graph below illustrates the trend in “compensation actually paid” over the five years compared to our TSR performance, as well as TSR relative to the DJU Index. This illustrates that compensation decreased in 2021, and TSR performance increased. For 2022, compensation moved in alignment with our TSR performance, decreasing in 2022. In 2023 and 2024, compensation increased in alignment with our TSR performance. Our TSR performance was stronger than the DJU Index in 2020, 2021, 2023 and 2024.
 
 
LOGO 		       
Compensation Actually Paid vs. Net Income
Relationship Between Compensation Actually Paid for CEO and NEOs (Average) vs. Net Income (Loss)
The graph below illustrates the trend in “compensation actually paid” over the five years to our GAAP Net Income (Loss). This illustrates that in 2021, compensation moved in alignment with net income, decreasing in 2021. For 2022, compensation decreased and net income increased. For 2023, both compensation and net income increased. In 2024, compensation increased and net income decreased. See Appendix A for a complete list of items excluded from Net Income in the determination of
non-GAAP
Operating Earnings.
 
 
LOGO 		       
Compensation Actually Paid vs. Company Selected Measure
Relationship Between Compensation Actually Paid for CEO and NEOs (Average) vs.
Non-GAAP
Operating EPS
The graph below illustrates the trend in “compensation actually paid” over the five years to our Operating EPS
(non-GAAP).
This illustrates that in 2021 compensation decreased and Operating EPS increased. For 2022, compensation moved in alignment with Operating EPS, decreasing in 2022. In 2023 and 2024, our compensation increased in alignment with Operating EPS. See Appendix A for a complete list of items excluded from Net Income in the determination of
non-GAAP
Operating Earnings.
 
 
LOGO 		       
Total Shareholder Return Vs Peer Group
Relationship Between Compensation Actually Paid for CEO and NEOs (Average) vs. Cumulative TSR of Company and the Peer Group
The graph below illustrates the trend in “compensation actually paid” over the five years compared to our TSR performance, as well as TSR relative to the DJU Index. This illustrates that compensation decreased in 2021, and TSR performance increased. For 2022, compensation moved in alignment with our TSR performance, decreasing in 2022. In 2023 and 2024, compensation increased in alignment with our TSR performance. Our TSR performance was stronger than the DJU Index in 2020, 2021, 2023 and 2024.
 
 
LOGO 		       
Tabular List, Table
Most Important Company Performance Measures for Determining Executive Compensation
As also required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation
S-K,
below is a list of the performance measures that are considered the most important by the Company in determining executive compensation for the 2024 performance year. The performance measures included in this table are not ranked by relative importance.
 
  
   Most Important Performance Measures   
  
  
Operating Earnings Per Share (non-GAAP)
  
  
Relative Total Shareholder Return
  
  
Return on Invested Capital
  
  
Earnings Per Share Growth
  
  
ESG Index
  
       
Total Shareholder Return Amount $ 169.91 119.14 114.98 121.14 102.37
Peer Group Total Shareholder Return Amount 133.53 115.43 121.88 119.44 101.68
Net Income (Loss) $ 1,772,000,000 $ 2,563,000,000 $ 1,031,000,000 $ (648,000,000) $ 1,905,000,000
Company Selected Measure Amount 3.68 3.48 3.47 3.65 3.43
Volatility Minimum 19.10% 20.00% 19.00% 30.00% 22.00%
Volatility Maximum 19.30% 22.00% 41.00% 32.00% 24.00%
Risk Free Rate Minimum 4.10% 4.10% 0.10% 0.40% 4.30%
Risk Free Rate Maximum 4.20% 4.70% 0.10% 0.70% 4.60%
Measure:: 1          
Pay vs Performance Disclosure          
Name Operating Earnings Per Share (non-GAAP)        
Non-GAAP Measure Description While we use numerous financial and
non-financial
performance measures to evaluate performance under our compensation programs,
non-GAAP
Operating EPS is the financial performance measure that, in PSEG’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used to link compensation actually paid to NEOs, for the most recently completed fiscal year, to Company performance. 		       
Measure:: 2          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return        
Measure:: 3          
Pay vs Performance Disclosure          
Name Return on Invested Capital        
Measure:: 4          
Pay vs Performance Disclosure          
Name Earnings Per Share Growth        
Measure:: 5          
Pay vs Performance Disclosure          
Name ESG Index        
Mr. LaRossa [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 12,367,961 $ 11,778,863 $ 9,510,542    
PEO Actually Paid Compensation Amount $ 31,359,707 $ 12,972,702 $ 6,408,817    
PEO Name Mr. LaRossa Mr. LaRossa Mr. LaRossa    
Mr. Izzo [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     $ 12,869,210 $ 14,208,674 $ 14,308,254
PEO Actually Paid Compensation Amount     $ 1,495,352 $ 16,757,115 $ 21,440,227
PEO Name     Mr. Izzo Mr. Izzo Mr. Izzo
PEO | Mr. LaRossa [Member] | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 231,332        
PEO | Mr. LaRossa [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (8,500,035)        
PEO | Mr. LaRossa [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 11,414,760        
PEO | Mr. LaRossa [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,232,447        
PEO | Mr. LaRossa [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,825,682        
PEO | Mr. LaRossa [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,078,318        
PEO | Mr. LaRossa [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,709,242        
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (57,000)        
Non-PEO NEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 115,853        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,800,049)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,417,339        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,138,527        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 598,360        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 912,101        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 334,503