Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash, Cash Equivalents and Restricted Cash

The following provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts in the Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023. Restricted cash consists primarily of deposits received related to a construction project at PSE&G.

	PSE&G		PSEG Power & Other (A)		Consolidated
	Millions
As of December 31, 2024
Cash and Cash Equivalents	$	79	$	46	$	125
Restricted Cash in Other Current Assets		8		—		8
Restricted Cash in Other Noncurrent Assets		21		—		21
Cash, Cash Equivalents and Restricted Cash	$	108	$	46	$	154
As of December 31, 2023
Cash and Cash Equivalents	$	30	$	24	$	54
Restricted Cash in Other Current Assets		23		—		23
Restricted Cash in Other Noncurrent Assets		22		—		22
Cash, Cash Equivalents and Restricted Cash	$	75	$	24	$	99

(A)Includes amounts applicable to PSEG Power, Energy Holdings, Services and PSEG (parent company).

Depreciation Rate Stated Percentage

The average depreciation rate stated as a percentage of original cost of depreciable property was as follows:

	Average Rate
	2024			2023			2022
Electric Transmission		2.09	%		2.09	%		2.18	%
Electric Distribution		2.51	%		2.54	%		2.56	%
Gas Distribution		1.84	%		1.84	%		1.93	%

Amounts and Average Rates Used to Calculate IDC or AFUDC

The amounts and average rates used to calculate AFUDC or IDC for the years ended December 31, 2024, 2023 and 2022 were as follows:

	AFUDC/IDC Capitalized
	2024					2023					2022
	Millions		Avg Rate			Millions		Avg Rate			Millions		Avg Rate
PSE&G	$	62		6.43	%	$	83		7.13	%	$	84		7.39	%
Other	$	9		6.08	%	$	9		5.66	%	$	4		2.24	%