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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING REVENUES $ 10,290 $ 11,237 $ 9,800
OPERATING EXPENSES      
Energy Costs 3,393 3,260 4,018
Operation and Maintenance 3,356 3,150 3,178
Depreciation and Amortization 1,182 1,135 1,100
Losses on Asset Dispositions and Impairments 6 7 123
Total Operating Expenses 7,937 7,552 8,419
OPERATING INCOME 2,353 3,685 1,381
Income from Equity Method Investments 1 1 14
Net Gains (Losses) on Trust Investments 127 189 (265)
Net Other Income (Deductions) 153 172 124
Net Non-Operating Pension and Other Postretirement Benefit (OPEB) (Costs) Credits 73 (218) 376
Interest Expense (882) (748) (628)
INCOME BEFORE INCOME TAXES 1,825 3,081 1,002
Income Tax (Expense) Benefit (53) (518) 29
NET INCOME $ 1,772 $ 2,563 $ 1,031
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
BASIC (shares) 498 498 498
DILUTED (shares) 500 500 501
NET INCOME (LOSS) PER SHARE:      
BASIC $ 3.56 $ 5.15 $ 2.07
DILUTED $ 3.54 $ 5.13 $ 2.06
Public Service Electric and Gas Company [Member]      
OPERATING REVENUES $ 8,449 $ 7,807 $ 7,935
OPERATING EXPENSES      
Energy Costs 3,189 3,010 3,270
Operation and Maintenance 1,949 1,843 1,838
Depreciation and Amortization 1,025 980 935
Total Operating Expenses 6,163 5,833 6,043
OPERATING INCOME 2,286 1,974 1,892
Net Gains (Losses) on Trust Investments 0 0 (2)
Net Other Income (Deductions) 64 80 88
Net Non-Operating Pension and Other Postretirement Benefit (OPEB) (Costs) Credits 77 114 281
Interest Expense (582) (493) (427)
INCOME BEFORE INCOME TAXES 1,845 1,675 1,832
Income Tax (Expense) Benefit (298) (160) (267)
NET INCOME $ 1,547 $ 1,515 $ 1,565