XML 116 R96.htm IDEA: XBRL DOCUMENT v3.21.2
Financial Information By Business Segments (Financial Information By Business Segments) (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Segment Reporting Information [Line Items]          
Operating Revenues $ 1,903 $ 2,370 $ 6,666 $ 7,201  
Net Income (Loss) (1,564) [1] 575 [2] (1,093) [1] 1,474 [2]  
Property, Plant and Equipment, Additions 743 678 2,046 2,092  
Total Assets 49,426   49,426   $ 50,050
Investments in Equity Method Subsidiaries 162   162   64
Public Service Electric and Gas Company [Member]          
Segment Reporting Information [Line Items]          
Operating Revenues 1,820 1,660 5,407 4,999  
PSEG Power [Member]          
Segment Reporting Information [Line Items]          
Operating Revenues 51 746 1,598 2,649  
Gain (loss) on sale, net of tax       86  
Other [Member]          
Segment Reporting Information [Line Items]          
Operating Revenues 159 143 465 447  
Operating Segments [Member] | Public Service Electric and Gas Company [Member]          
Segment Reporting Information [Line Items]          
Operating Revenues 1,820 1,660 5,407 4,999  
Net Income (Loss) 389 313 1,175 1,036  
Property, Plant and Equipment, Additions 599 587 1,818 1,777  
Total Assets 37,179   37,179   35,581
Investments in Equity Method Subsidiaries 0   0   0
Operating Segments [Member] | PSEG Power [Member]          
Segment Reporting Information [Line Items]          
Operating Revenues 51 746 1,598 2,649  
Net Income (Loss) (1,933) [1] 254 [2] (2,255) [1] 437 [2]  
Property, Plant and Equipment, Additions 140 89 222 307  
Total Assets 8,950   8,950   12,704
Investments in Equity Method Subsidiaries 64   64   64
Impairment of Long-Lived Assets Held-for-use, net of tax 1,563   1,936    
non trading commodity mark to market gains (losses), net of tax (478)   (718)    
Operating Segments [Member] | Other [Member]          
Segment Reporting Information [Line Items]          
Operating Revenues [3] 159 143 465 447  
Net Income (Loss) [3] (20) 8 (13) 1  
Property, Plant and Equipment, Additions [3] 4 2 6 8  
Total Assets [3] 4,558   4,558   2,692
Investments in Equity Method Subsidiaries [3] 98   98   0
Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating Revenues [4] (127) (179) (804) (894)  
Net Income (Loss) [4] 0 0 0 0  
Property, Plant and Equipment, Additions [4] 0 0 0 0  
Total Assets [4] (1,261)   (1,261)   (927)
Investments in Equity Method Subsidiaries [4] 0   0   0
PSEG Power [Member]          
Segment Reporting Information [Line Items]          
Operating Revenues 51 746 1,598 2,649  
Net Income (Loss) (1,933) $ 254 (2,255) $ 437  
Total Assets $ 8,950   $ 8,950   $ 12,704
[1] Includes after-tax impairment losses and other charges related to the pending sale of the Fossil generating assets at PSEG Power of $1,563 million and $1,936 million for the three and nine months ended September 30, 2021, respectively. See Note 4. Early Plant Retirements/Asset Dispositions and Impairments for additional information. Also includes net after-tax losses of $478 million and $718 million for the three and nine months ended September 30, 2021 related to the impacts of non-trading commodity mark-to-market activity, which consist of the financial impact from positions with future delivery dates.
[2] Includes an after-tax gain of $86 million in the three and nine months ended September 30, 2020 related to the sale of PSEG Power’s interest in the Yards Creek generation facility. See Note 4. Early Plant Retirements/Asset Dispositions and Impairments
[3] Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent company) and Services.
[4] Intercompany eliminations primarily relate to intercompany transactions between PSE&G and PSEG Power. For a further discussion of the intercompany transactions between PSE&G and PSEG Power, see Note 20. Related-Party Transactions.