Property, Plant and Equipment and Jointly-Owned Facilities

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Line Items]

Property Plant And Equipment And Jointly-Owned Facilities

Note 5. Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2024 and 2023 is detailed below:

	2024		2023
	Millions
PSE&G
Electric Transmission	$	17,874	$	17,379
Electric Distribution		12,520		11,554
Gas Distribution and Transmission		12,536		11,545
Construction Work in Progress		1,132		1,283
Other		2,136		1,992
Total PSE&G	$	46,198	$	43,753
PSEG Power & Other
Nuclear Production	$	3,649	$	3,496
Nuclear Fuel in Service		793		772
Construction Work in Progress		159		224
Other		408		358
Total PSEG Power & Other	$	5,009	$	4,850
Total	$	51,207	$	48,603

PSE&G and PSEG Power have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities to which they are a party. All amounts reflect PSE&G’s or PSEG Power’s share of the jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as Operating Expenses.

				As of December 31,
				2024				2023
	Ownership					Accumulated				Accumulated
	Interest			Plant		Depreciation		Plant		Depreciation
				Millions
PSE&G:
Transmission Facilities	Various			$	164	$	72	$	164	$	69
PSEG Power:
Nuclear Generating:
Peach Bottom		50	%	$	1,420	$	564	$	1,451	$	534
Salem		57	%	$	1,539	$	601	$	1,461	$	534
Nuclear Support Facilities	Various			$	180	$	84	$	178	$	77
Other		14	%	$	1	$	—	$	1	$	—

PSEG Power holds undivided ownership interests in the jointly-owned facilities above. PSEG Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. PSEG Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. PSEG Power’s share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

PSEG Power co-owns Salem and Peach Bottom with Constellation Energy Generation, LLC. PSEG Power is the operator of Salem and Constellation Energy Generation, LLC is the operator of Peach Bottom. A committee appointed by the co-owners provides oversight. Proposed O&M budgets and requests for major capital expenditures are reviewed and approved as part of the normal PSEG Power governance process.

Public Service Electric and Gas Company [Member]

Property, Plant and Equipment [Line Items]

Property Plant And Equipment And Jointly-Owned Facilities

Note 5. Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2024 and 2023 is detailed below:

	2024		2023
	Millions
PSE&G
Electric Transmission	$	17,874	$	17,379
Electric Distribution		12,520		11,554
Gas Distribution and Transmission		12,536		11,545
Construction Work in Progress		1,132		1,283
Other		2,136		1,992
Total PSE&G	$	46,198	$	43,753
PSEG Power & Other
Nuclear Production	$	3,649	$	3,496
Nuclear Fuel in Service		793		772
Construction Work in Progress		159		224
Other		408		358
Total PSEG Power & Other	$	5,009	$	4,850
Total	$	51,207	$	48,603

PSE&G and PSEG Power have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities to which they are a party. All amounts reflect PSE&G’s or PSEG Power’s share of the jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as Operating Expenses.

				As of December 31,
				2024				2023
	Ownership					Accumulated				Accumulated
	Interest			Plant		Depreciation		Plant		Depreciation
				Millions
PSE&G:
Transmission Facilities	Various			$	164	$	72	$	164	$	69
PSEG Power:
Nuclear Generating:
Peach Bottom		50	%	$	1,420	$	564	$	1,451	$	534
Salem		57	%	$	1,539	$	601	$	1,461	$	534
Nuclear Support Facilities	Various			$	180	$	84	$	178	$	77
Other		14	%	$	1	$	—	$	1	$	—

PSEG Power holds undivided ownership interests in the jointly-owned facilities above. PSEG Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. PSEG Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. PSEG Power’s share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

PSEG Power co-owns Salem and Peach Bottom with Constellation Energy Generation, LLC. PSEG Power is the operator of Salem and Constellation Energy Generation, LLC is the operator of Peach Bottom. A committee appointed by the co-owners provides oversight. Proposed O&M budgets and requests for major capital expenditures are reviewed and approved as part of the normal PSEG Power governance process.