Accumulated Other Comprehensive Income (Loss), Net of Tax

12 Months Ended

Dec. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss), Net of Tax

Note 21. Accumulated Other Comprehensive Income (Loss), Net of Tax

PSEG	Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	Cash Flow Hedges			Pension and OPEB Plans			Available-for -Sale Securities			Total
	Millions
Balance as of December 31, 2021	$	(6	)	$	(355	)	$	11		$	(350	)
Current Period Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss) before Reclassifications		—			(72	)		(158	)		(230	)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)		3			1			26			30
Net Current Period Other Comprehensive Income (Loss)		3			(71	)		(132	)		(200	)
Balance as of December 31, 2022	$	(3	)	$	(426	)	$	(121	)	$	(550	)
Other Comprehensive Income (Loss) before Reclassifications		9			76			61			146
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)		(3	)		248			(20	)		225
Net Current Period Other Comprehensive Income (Loss)		6			324			41			371
Balance as of December 31, 2023	$	3		$	(102	)	$	(80	)	$	(179	)
Other Comprehensive Income (Loss) before Reclassifications		42			19			(18	)		43
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)		(9	)		7			5			3
Net Current Period Other Comprehensive Income (Loss)		33			26			(13	)		46
Balance as of December 31, 2024	$	36		$	(76	)	$	(93	)	$	(133	)

PSEG		Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Statement of Operations
		Year Ended December 31, 2022
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	Location of Pre-Tax Amount in Statement of Operations	Pre-Tax Amount			Tax (Expense) Benefit			After-Tax Amount
		Millions
Cash Flow Hedges
Interest Rate Derivatives	Interest Expense	$	(5	)	$	2		$	(3	)
Total Cash Flow Hedges			(5	)		2			(3	)
Pension and OPEB Plans
Amortization of Prior Service (Cost) Credit	Net Non-Operating Pension and OPEB Credits (Costs)		21			(6	)		15
Amortization of Actuarial Loss	Net Non-Operating Pension and OPEB Credits (Costs)		(22	)		6			(16	)
Total Pension and OPEB Plans			(1	)		—			(1	)
Available-for-Sale Securities
Realized Gains (Losses)	Net Gains (Losses) on Trust Investments		(43	)		17			(26	)
Total Available-for-Sale Securities			(43	)		17			(26	)
Total		$	(49	)	$	19		$	(30	)

PSEG		Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Statement of Operations
		Year Ended December 31, 2023
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	Location of Pre-Tax Amount in Statement of Operations	Pre-Tax Amount			Tax (Expense) Benefit			After-Tax Amount
		Millions
Cash Flow Hedges
Interest Rate Derivatives	Interest Expense	$	5		$	(2	)	$	3
Total Cash Flow Hedges			5			(2	)		3
Pension and OPEB Plans
Amortization of Prior Service (Cost) Credit	Net Non-Operating Pension and OPEB Credits (Costs)		8			(2	)		6
Amortization of Actuarial Loss	Net Non-Operating Pension and OPEB Credits (Costs)		(20	)		6			(14	)
Pension Settlement Charge	Net Non-Operating Pension and OPEB Credits (Costs)		(334	)		94			(240	)
Total Pension and OPEB Plans			(346	)		98			(248	)
Available-for-Sale Securities
Realized Gains (Losses)	Net Gains (Losses) on Trust Investments		34			(14	)		20
Total Available-for-Sale Securities			34			(14	)		20
Total		$	(307	)	$	82		$	(225	)

PSEG		Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Statement of Operations
		Year Ended December 31, 2024
Description of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	Location of Pre-Tax Amount in Statement of Operations	Pre-Tax Amount			Tax (Expense) Benefit			After-Tax Amount
		Millions
Cash Flow Hedges
Interest Rate Derivatives	Interest Expense	$	13		$	(4	)	$	9
Total Cash Flow Hedges			13			(4	)		9
Pension and OPEB Plans
Amortization of Prior Service (Cost) Credit	Net Non-Operating Pension and OPEB Credits (Costs)		—			—			—
Amortization of Actuarial Loss	Net Non-Operating Pension and OPEB Credits (Costs)		(10	)		3			(7	)
Total Pension and OPEB Plans			(10	)		3			(7	)
Available-for-Sale Securities
Realized Gains (Losses)	Net Gains (Losses) on Trust Investments		(8	)		3			(5	)
Total Available-for-Sale Securities			(8	)		3			(5	)
Total		$	(5	)	$	2		$	(3	)