Regulatory Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

PSE&G had the following Regulatory Assets and Liabilities:

	As of December 31,
	2024		2023
	Millions
Regulatory Assets
Deferred Income Tax Regulatory Assets	$	2,012	$	1,343
Pension and OPEB Costs		1,330		1,427
Green Program Recovery Charges (GPRC)		1,251		827
Conservation Incentive Program (CIP)		261		232
Clean Energy Future-Energy Cloud (CEF-EC)		233		153
Asset Retirement Obligations (ARO)		221		210
Societal Benefits Clause (SBC)		211		155
Manufactured Gas Plant (MGP) Remediation Costs		210		199
Cost of Removal		195		172
New Jersey Clean Energy Program		145		145
COVID-19 Deferral		131		131
2024 Distribution Base Rate Case Regulatory Assets (BRC)		108		—
Remediation Adjustment Charge (RAC) (Other SBC)		102		110
Clean Energy Future-Electric Vehicles (CEF-EV)		51		27
Deferred Storm Costs		—		109
Other		180		190
Total Regulatory Assets		6,641		5,430
Less: Current Regulatory Assets		516		273
Total Noncurrent Regulatory Assets	$	6,125	$	5,157

Schedule of Regulatory Liabilities

	As of December 31,
	2024		2023
	Millions
Regulatory Liabilities
Deferred Income Tax Regulatory Liabilities	$	2,619	$	2,245
Gas Costs—Basic Gas Supply Service (BGSS)		145		97
Other		62		82
Total Regulatory Liabilities		2,826		2,424
Less: Current Regulatory Liabilities		555		349
Total Noncurrent Regulatory Liabilities	$	2,271	$	2,075