Long-Term Investments (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Long Term Investments

Long-Term Investments as of December 31, 2024 and 2023 included the following:

	As of December 31,
	2024		2023
	Millions
PSE&G
Life Insurance and Supplemental Benefits	$	67	$	77
Solar Loans		23		40
PSEG Power & Other
Lease Investments		150		161
Equity Method Investments (A)		21		17
Other		2		—
Total Long-Term Investments	$	263	$	295

(A)During the years ended December 31, 2024 and 2023, there were no dividends from these investments. During the year ended December 31, 2022, dividends from these investments were $8 million.

Schedule Of Net Investment In Leveraged Leases

The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2024 and2023.

	As of December 31,
	2024			2023
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	200		$	223
Estimated Residual Value of Leased Assets		—			—
Total Investment in Rental Receivables		200			223
Unearned and Deferred Income		(50	)		(62	)
Gross Investments in Leases		150			161
Deferred Tax Liabilities		(33	)		(36	)
Net Investments in Leases	$	117		$	125

Schedule Of Pre-Tax Income And Income Tax Effects Related To Investments In Leveraged Leases

The pre-tax income and income tax effects related to investments in leases were immaterial for the years ended December 31, 2024, 2023 and 2022.

Public Service Electric and Gas Company [Member]

Schedule of Long Term Investments

Long-Term Investments as of December 31, 2024 and 2023 included the following:

	As of December 31,
	2024		2023
	Millions
PSE&G
Life Insurance and Supplemental Benefits	$	67	$	77
Solar Loans		23		40
PSEG Power & Other
Lease Investments		150		161
Equity Method Investments (A)		21		17
Other		2		—
Total Long-Term Investments	$	263	$	295

(A)During the years ended December 31, 2024 and 2023, there were no dividends from these investments. During the year ended December 31, 2022, dividends from these investments were $8 million.

Schedule Of Net Investment In Leveraged Leases

The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2024 and2023.

	As of December 31,
	2024			2023
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	200		$	223
Estimated Residual Value of Leased Assets		—			—
Total Investment in Rental Receivables		200			223
Unearned and Deferred Income		(50	)		(62	)
Gross Investments in Leases		150			161
Deferred Tax Liabilities		(33	)		(36	)
Net Investments in Leases	$	117		$	125

Schedule Of Pre-Tax Income And Income Tax Effects Related To Investments In Leveraged Leases

The pre-tax income and income tax effects related to investments in leases were immaterial for the years ended December 31, 2024, 2023 and 2022.