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Financial Information By Business Segments (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Financial Information By Business Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PSE&G

 

 

PSEG Power & Other

 

 

Eliminations (A)

 

 

Consolidated Total

 

 

 

 

 

Millions

 

 

 

Three Months Ended September 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

$

2,139

 

 

$

583

 

 

$

(80

)

 

$

2,642

 

 

 

Net Income (B)

 

 

379

 

 

 

141

 

 

 

—

 

 

 

520

 

 

 

Gross Additions to Long-Lived Assets

 

 

672

 

 

 

96

 

 

 

—

 

 

 

768

 

 

 

Nine Months Ended September 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

$

6,335

 

 

$

2,140

 

 

$

(650

)

 

$

7,825

 

 

 

Net Income (B)

 

 

1,169

 

 

 

317

 

 

 

—

 

 

 

1,486

 

 

 

Gross Additions to Long-Lived Assets

 

 

2,157

 

 

 

245

 

 

 

—

 

 

 

2,402

 

 

 

Three Months Ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

$

1,999

 

 

$

546

 

 

$

(89

)

 

$

2,456

 

 

 

Net Income (B)

 

 

401

 

 

 

(262

)

 

 

—

 

 

 

139

 

 

 

Gross Additions to Long-Lived Assets

 

 

813

 

 

 

103

 

 

 

—

 

 

 

916

 

 

 

Nine Months Ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

$

5,954

 

 

$

3,475

 

 

$

(797

)

 

$

8,632

 

 

 

Net Income (B)

 

 

1,224

 

 

 

793

 

 

 

—

 

 

 

2,017

 

 

 

Gross Additions to Long-Lived Assets

 

 

2,149

 

 

 

211

 

 

 

—

 

 

 

2,360

 

 

 

As of September 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets

 

$

45,784

 

 

$

8,550

 

 

$

(254

)

 

$

54,080

 

 

 

Investments in Equity Method Subsidiaries

 

$

—

 

 

$

22

 

 

$

—

 

 

$

22

 

 

 

As of December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets

 

$

42,873

 

 

$

8,407

 

 

$

(539

)

 

$

50,741

 

 

 

Investments in Equity Method Subsidiaries

 

$

—

 

 

$

17

 

 

$

—

 

 

$

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A)
Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 18. Related-Party Transactions.
(B)
Includes net after-tax gains (losses) of $17 million and $(17) million for the three months and $(55) million and $750 million for the nine months ended September 30, 2024 and 2023, respectively, at PSEG Power related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates. Also includes a $239 million after-tax pension charge due to the remeasurement of the qualified pension plans as a result of the pension settlement transaction for the three and nine months ended September 30, 2023. See Note 8. Pension and Other Postretirement Benefits (OPEB).