Pension and Other Postretirement Benefits (OPEB) (Tables)

9 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Components Of Net Periodic Benefit Cost

The following table provides the components of net periodic benefit costs (credits) relating to all qualified and nonqualified pension and OPEB plans on an aggregate basis for PSEG, excluding Servco. Amounts shown do not reflect the impacts of capitalization, co-owner allocations and the 2023 BPU accounting order. Only the service cost component is eligible for capitalization, when applicable.

	Pension Benefits						OPEB						Pension Benefits						OPEB
	Three Months Ended						Three Months Ended						Nine Months Ended						Nine Months Ended
	September 30,						September 30,						September 30,						September 30,
	2024			2023			2024			2023			2024			2023			2024			2023
	Millions
Components of Net Periodic Benefit (Credits) Costs
Service Cost (included in O&M Expense)	$	24		$	23		$	1		$	1		$	71		$	68		$	2		$	3
Non-Service Components of Pension and OPEB (Credits) Costs
Interest Cost		57			62			9			10			169			200			28			31
Expected Return on Plan Assets		(80	)		(87	)		(9	)		(8	)		(241	)		(278	)		(26	)		(25	)
Amortization of Net
Prior Service Credit		—			—			—			(13	)		—			—			1			(39	)
Actuarial Loss (Gain)		17			19			—			(1	)		53			67			(1	)		(2	)
Settlement Charge Resulting from Pension Lift-Out		—			332			—			—			—			332			—			—
Non-Service Components of Pension and OPEB (Credits) Costs		(6	)		326			—			(12	)		(19	)		321			2			(35	)
Total Net Benefit (Credits) Costs	$	18		$	349		$	1		$	(11	)	$	52		$	389		$	4		$	(32	)

Schedule Of Pension And OPEB Costs

Pension and OPEB (credits) costs for PSE&G and PSEG Power & Other are detailed as follows:

	Pension Benefits				OPEB					Pension Benefits				OPEB
	Three Months Ended				Three Months Ended					Nine Months Ended				Nine Months Ended
	September 30,				September 30,					September 30,				September 30,
	2024		2023		2024		2023			2024		2023		2024			2023
	Millions
PSE&G	$	11	$	10	$	—	$	(11	)	$	32	$	37	$	(1	)	$	(31	)
PSEG Power & Other		7		339		1		—			20		352		5			(1	)
Total Net Benefit (Credits) Costs	$	18	$	349	$	1	$	(11	)	$	52	$	389	$	4		$	(32	)