Income Taxes (Tables)

6 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

Schedule Of Effective Tax Rates

A reconciliation of reported income tax expense for PSEG with the amount computed by multiplying pre-tax income by the statutory federal income tax rate of 21% is as follows:

	Three Months Ended						Six Months Ended
PSEG	June 30,						June 30,
	2025			2024			2025			2024
	Millions
Pre-Tax Income	$	726		$	437		$	1,343		$	1,066
Tax Computed at Statutory Rate @ 21%	$	152		$	92		$	282		$	224
Increase (Decrease) Attributable to Flow-Through of Certain Tax Adjustments:
State Income Taxes (net of federal income tax)		34			34			79			74
NDT Fund		14			3			17			15
Uncertain Tax Positions		2			1			3			2
GPRC-CEF-EE		(14	)		(13	)		(30	)		(28	)
Tax Credits		(1	)		(104	)		(3	)		(106	)
Estimated Annual Effective Tax Rate Interim Period Adjustment		12			5			(25	)		(12	)
TAC		(59	)		(24	)		(155	)		(67	)
Other		1			9			1			(2	)
Subtotal		(11	)		(89	)		(113	)		(124	)
Total Income Tax Expense	$	141		$	3		$	169		$	100
Effective Income Tax Rate		19.4	%		0.7	%		12.6	%		9.4	%

A reconciliation of reported income tax expense for PSE&G with the amount computed by multiplying pre-tax income by the statutory federal income tax rate of 21% is as follows:

	Three Months Ended						Six Months Ended
PSE&G	June 30,						June 30,
	2025			2024			2025			2024
	Millions
Pre-Tax Income	$	365		$	361		$	955		$	941
Tax Computed at Statutory Rate @ 21%	$	77		$	76		$	201		$	198
Increase (Decrease) Attributable to Flow-Through of Certain Tax Adjustments:
State Income Taxes (net of federal income tax)		24			25			67			66
Uncertain Tax Positions		—			—			1			—
Tax Credits		(1	)		(2	)		(3	)		(4	)
GPRC-CEF-EE		(14	)		(13	)		(30	)		(28	)
TAC		(59	)		(24	)		(155	)		(67	)
Bad Debt Flow-Through		(2	)		(4	)		2			(6	)
Other		8			1			(6	)		(8	)
Subtotal		(44	)		(17	)		(124	)		(47	)
Total Income Tax Expense	$	33		$	59		$	77			151
Effective Income Tax Rate		9.0	%		16.3	%		8.1	%		16.0	%