Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and Cash Equivalents	$ 132	$ 125
Accounts Receivable, net of allowance	1,888	1,597
Tax Receivable	406	394
Unbilled Revenues, net of allowance	381	313
Fuel	282	232
Materials and Supplies, net	873	892
Prepayments	75	117
Derivative Contracts	11	33
Regulatory Assets	537	516
Other	11	16
Total Current Assets	4,596	4,235
PROPERTY, PLANT AND EQUIPMENT	53,920	51,207
Less: Accumulated Depreciation and Amortization	(11,856)	(11,143)
Net Property, Plant and Equipment	42,064	40,064
NONCURRENT ASSETS
Regulatory Assets	6,431	6,125
Operating Lease Right-of-Use Assets	138	162
Long-Term Investments	372	263
Nuclear Decommissioning Trust (NDT) Fund	2,915	2,670
Long-Term Receivable of Variable Interest Entity	520	558
Rabbi Trust Fund	162	165
Derivative Contracts	6	51
Other	372	347
Total Noncurrent Assets	10,916	10,341
TOTAL ASSETS	57,576	54,640
CURRENT LIABILITIES
Long-Term Debt Due Within One Year	875	2,150
Commercial Paper and Loans	1,529	1,593
Accounts Payable	1,489	1,136
Derivative Contracts	65	5
Accrued Interest	265	219
Accrued Taxes	95	10
New Jersey Clean Energy Program	145	145
Obligation to Return Cash Collateral	106	93
Regulatory Liabilities	484	555
Other	687	599
Total Current Liabilities	5,740	6,505
NONCURRENT LIABILITIES
Deferred Income Taxes and Investment Tax Credits (ITC)	7,930	7,248
Regulatory Liabilities	2,048	2,271
Operating Leases	128	153
Asset Retirement Obligations	1,381	1,500
Environmental Costs	225	225
Derivative Contracts	21	4
Long-Term Accrued Taxes	141	130
Other	262	205
Total Noncurrent Liabilities	13,184	13,057
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT
Total Long-Term Debt	21,670	18,964
STOCKHOLDER'S EQUITY
Common Stock, Value, Issued	5,062	5,057
Treasury Stock, at cost	(1,435)	(1,403)
Retained Earnings	13,446	12,593
Accumulated Other Comprehensive Loss	(91)	(133)
Total Stockholders' Equity	16,982	16,114
Total Capitalization	38,652	35,078
TOTAL LIABILITIES AND CAPITALIZATION	57,576	54,640
Consolidated Entity Excluding Variable Interest Entities (VIE)
NONCURRENT LIABILITIES
OPEB Costs	242	292
Accrued Pension Costs	305	488
Variable Interest Entity, Primary Beneficiary
NONCURRENT LIABILITIES
OPEB Costs	501	510
Accrued Pension Costs	0	31
Public Service Electric and Gas Company
CURRENT ASSETS
Cash and Cash Equivalents	97	79
Unbilled Revenues, net of allowance	381	313
Materials and Supplies, net	613	642
Prepayments	17	28
Regulatory Assets	537	516
Other	11	15
Total Current Assets	3,087	2,782
PROPERTY, PLANT AND EQUIPMENT	48,752	46,198
Less: Accumulated Depreciation and Amortization	(9,767)	(9,160)
Net Property, Plant and Equipment	38,985	37,038
NONCURRENT ASSETS
Regulatory Assets	6,431	6,125
Operating Lease Right-of-Use Assets	84	93
Long-Term Investments	199	90
Rabbi Trust Fund	29	30
Long-Term Accrued Taxes	0	2
Other	209	204
Total Noncurrent Assets	6,952	6,544
TOTAL ASSETS	49,024	46,364
CURRENT LIABILITIES
Long-Term Debt Due Within One Year	875	350
Commercial Paper and Loans	325	444
Accrued Interest	197	174
New Jersey Clean Energy Program	145	145
Obligation to Return Cash Collateral	106	93
Regulatory Liabilities	484	555
Other	324	371
Total Current Liabilities	3,794	3,198
NONCURRENT LIABILITIES
Deferred Income Taxes and Investment Tax Credits (ITC)	7,074	6,477
Regulatory Liabilities	2,048	2,271
Operating Leases	73	83
Asset Retirement Obligations	457	457
OPEB Costs	126	164
Accrued Pension Costs	164	305
Environmental Costs	160	159
Long-Term Accrued Taxes	7	0
Other	188	157
Total Noncurrent Liabilities	10,297	10,073
COMMITMENTS AND CONTINGENT LIABILITIES
LONG-TERM DEBT
Total Long-Term Debt	15,117	14,648
STOCKHOLDER'S EQUITY
Common Stock, Value, Issued	892	892
Contributed Capital	2,156	2,156
Retained Earnings	16,771	15,401
Accumulated Other Comprehensive Loss	(3)	(4)
Total Stockholders' Equity	19,816	18,445
Total Capitalization	34,933	33,093
TOTAL LIABILITIES AND CAPITALIZATION	49,024	46,364
Public Service Electric and Gas Company | Nonrelated Party
CURRENT ASSETS
Accounts Receivable, net of allowance	1,431	1,189
CURRENT LIABILITIES
Accounts Payable	866	704
Public Service Electric and Gas Company | Related Party
CURRENT LIABILITIES
Accounts Payable	$ 472	$ 362