Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and Cash Equivalents	$ 125	$ 54
Accounts Receivable, net of allowance	1,597	1,482
Tax Receivable	394	10
Unbilled Revenues, net of allowance	313	244
Fuel	232	264
Materials and Supplies, net	892	759
Prepayments	117	144
Derivative Contracts	33	112
Regulatory Assets	516	273
Other	16	31
Total Current Assets	4,235	3,373
PROPERTY, PLANT AND EQUIPMENT	51,207	48,603
Less: Accumulated Depreciation and Amortization	(11,143)	(10,572)
Net Property, Plant and Equipment	40,064	38,031
NONCURRENT ASSETS
Regulatory Assets	6,125	5,157
Operating Lease Right-of-Use Assets	162	179
Long-Term Investments	263	295
Nuclear Decommissioning Trust (NDT) Fund	2,670	2,524
Long-Term Receivable of Variable Interest Entity	558	632
Rabbi Trust Fund	165	179
Derivative Contracts	51	29
Other	347	342
Total Noncurrent Assets	10,341	9,337
TOTAL ASSETS	54,640	50,741
CURRENT LIABILITIES
Long-Term Debt Due Within One Year	2,150	1,500
Commercial Paper and Loans	1,593	949
Accounts Payable	1,136	1,214
Derivative Contracts	5	86
Accrued Interest	219	170
Accrued Taxes	10	8
New Jersey Clean Energy Program	145	145
Obligation to Return Cash Collateral	93	89
Regulatory Liabilities	555	349
Other	599	547
Total Current Liabilities	6,505	5,057
NONCURRENT LIABILITIES
Deferred Income Taxes and Investment Tax Credits (ITC)	7,248	6,671
Regulatory Liabilities	2,271	2,075
Operating Leases	153	173
Asset Retirement Obligations	1,500	1,468
Environmental Costs	225	213
Derivative Contracts	4	6
Long-Term Accrued Taxes	130	45
Other	205	201
Total Noncurrent Liabilities	13,057	12,423
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT
Total Long-Term Debt	18,964	17,784
STOCKHOLDER'S EQUITY
Common Stock, Value, Issued	5,057	5,018
Treasury Stock, at cost	(1,403)	(1,379)
Retained Earnings	12,593	12,017
Accumulated Other Comprehensive Loss	(133)	(179)
Total Stockholders' Equity	16,114	15,477
Total Capitalization	35,078	33,261
TOTAL LIABILITIES AND CAPITALIZATION	54,640	50,741
Consolidated Entity Excluding Variable Interest Entities (VIE)
NONCURRENT LIABILITIES
OPEB Costs	292	349
Accrued Pension Costs	488	606
Variable Interest Entity, Primary Beneficiary
NONCURRENT LIABILITIES
OPEB Costs	510	514
Accrued Pension Costs	31	102
Public Service Electric and Gas Company
CURRENT ASSETS
Cash and Cash Equivalents	79	30
Unbilled Revenues, net of allowance	313	244
Materials and Supplies, net	642	519
Prepayments	28	57
Regulatory Assets	516	273
Other	15	31
Total Current Assets	2,782	2,230
PROPERTY, PLANT AND EQUIPMENT	46,198	43,753
Less: Accumulated Depreciation and Amortization	(9,160)	(8,711)
Net Property, Plant and Equipment	37,038	35,042
NONCURRENT ASSETS
Regulatory Assets	6,125	5,157
Operating Lease Right-of-Use Assets	93	99
Long-Term Investments	90	117
Rabbi Trust Fund	30	32
Long-Term Accrued Taxes	2	0
Other	204	196
Total Noncurrent Assets	6,544	5,601
TOTAL ASSETS	46,364	42,873
CURRENT LIABILITIES
Long-Term Debt Due Within One Year	350	750
Commercial Paper and Loans	444	425
Accrued Interest	174	139
New Jersey Clean Energy Program	145	145
Obligation to Return Cash Collateral	93	89
Regulatory Liabilities	555	349
Other	371	434
Total Current Liabilities	3,198	3,615
NONCURRENT LIABILITIES
Deferred Income Taxes and Investment Tax Credits (ITC)	6,477	5,813
Regulatory Liabilities	2,271	2,075
Operating Leases	83	89
Asset Retirement Obligations	457	401
OPEB Costs	164	210
Accrued Pension Costs	305	396
Environmental Costs	159	151
Long-Term Accrued Taxes	0	2
Other	157	160
Total Noncurrent Liabilities	10,073	9,297
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT
Total Long-Term Debt	14,648	12,913
STOCKHOLDER'S EQUITY
Common Stock, Value, Issued	892	892
Contributed Capital	2,156	2,156
Retained Earnings	15,401	14,004
Accumulated Other Comprehensive Loss	(4)	(4)
Total Stockholders' Equity	18,445	17,048
Total Capitalization	33,093	29,961
TOTAL LIABILITIES AND CAPITALIZATION	46,364	42,873
Public Service Electric and Gas Company | Nonrelated Party
CURRENT ASSETS
Accounts Receivable, net of allowance	1,189	1,076
CURRENT LIABILITIES
Accounts Payable	704	780
Public Service Electric and Gas Company | Related Party
CURRENT LIABILITIES
Accounts Payable	$ 362	$ 504