7Baggers

Public Service Enterprise Group Incorporated
(NYSE:PEG) 

PEG stock logo

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to resi...

Founded: 1903
Full Time Employees: 13,000
Sector: Utilities
Industry: Utilities-Diversified
Utilities
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Quarterly
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    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-03-31 2019-09-30 2019-03-31 2018-12-31 2018-06-30 2017-09-30 2017-03-31 2016-06-30 2016-03-31 2015-09-30 2015-06-30 2015-03-31 2014-06-30 2014-03-31 2013-09-30 2013-03-31 2012-09-30 2011-12-31 2011-03-31 2010-12-31 2009-12-31 2007-09-30 2007-06-30 2006-06-30 
                                                  
      operating revenues
    		3,848,000,000 2,915,000,000 3,226,000,000 2,805,000,000 3,222,000,000  2,423,000,000 2,760,000,000 2,605,000,000 2,456,000,000 2,421,000,000 3,755,000,000 3,139,000,000 2,272,000,000 2,076,000,000 2,313,000,000 3,056,000,000 1,903,000,000 1,874,000,000 2,889,000,000 2,402,000,000 2,370,000,000 2,781,000,000 2,302,000,000 2,980,000,000 7,680,000,000 2,016,000,000 2,263,000,000 2,592,000,000 1,905,000,000 2,616,000,000 2,688,000,000 2,314,000,000 3,135,000,000 2,249,000 3,223,000 2,554,000 2,786,000 2,402,000 7,725,000 3,354,000  -9,875,594,000 3,475,000,000 2,810,000,000 2,606,000,000 
      operating expenses
    		                                              
      energy costs
    		1,507,000,000 1,014,000,000 1,133,000,000 826,000,000 1,186,000,000  732,000,000 997,000,000 743,000,000 831,000,000 604,000,000 1,082,000,000 996,000,000 1,012,000,000 765,000,000 1,245,000,000 1,004,000,000 860,000,000 606,000,000 1,029,000,000 780,000,000 775,000,000 906,000,000 753,000,000 1,124,000,000 2,625,000,000 600,000,000 638,000,000 874,000,000 624,000,000 836,000,000 815,000,000 668,000,000 1,094,000,000 789,000 1,356,000 801,000 1,155,000 879,000 3,184,000 1,563,000  -5,095,289,000 1,674,000,000 1,389,000,000 1,387,000,000 
      operation and maintenance
    		937,000,000 1,072,000,000 927,000,000 854,000,000 919,000,000  824,000,000 783,000,000 871,000,000 792,000,000 744,000,000 743,000,000 868,000,000 765,000,000 751,000,000 794,000,000 858,000,000 807,000,000 783,000,000 778,000,000 861,000,000 767,000,000 754,000,000 745,000,000 756,000,000 2,290,000,000 725,000,000 680,000,000 712,000,000 710,000,000 729,000,000 746,000,000 761,000,000 663,000,000 800,000 856,000 713,000 710,000 619,000 1,830,000 651,000  -1,771,397,000 576,000,000 592,000,000 583,000,000 
      depreciation and amortization
    		329,000,000 318,000,000 311,000,000 308,000,000 320,000,000  285,000,000 295,000,000 292,000,000 282,000,000 279,000,000 282,000,000 278,000,000 270,000,000 269,000,000 283,000,000 270,000,000 283,000,000 322,000,000 341,000,000 329,000,000 317,000,000 324,000,000 307,000,000 314,000,000 878,000,000 280,000,000 252,000,000 828,000,000 224,000,000 224,000,000 313,000,000 317,000,000 330,000,000 295,000 306,000 313,000 290,000 286,000 735,000 241,000  -602,162,000 213,000,000 195,000,000 207,000,000 
      total operating expenses
    		2,773,000,000 2,404,000,000 2,371,000,000 1,988,000,000 2,425,000,000  1,841,000,000 2,075,000,000 1,913,000,000 1,905,000,000 1,627,000,000 2,107,000,000 2,175,000,000 2,099,000,000 1,780,000,000 2,365,000,000 2,154,000,000 4,108,000,000 2,168,000,000 2,148,000,000 1,969,000,000 1,737,000,000 1,984,000,000 1,812,000,000 2,194,000,000 5,793,000,000 1,605,000,000 1,570,000,000 2,414,000,000 1,558,000,000 1,789,000,000 1,874,000,000 1,746,000,000 2,087,000,000 1,884,000 2,518,000 1,842,000 2,176,000 1,808,000 5,839,000 2,498,000  -7,584,715,000 2,506,000,000 2,206,000,000 2,467,000,000 
      operating income
    		1,075,000,000 511,000,000 855,000,000 817,000,000 797,000,000  582,000,000 685,000,000 692,000,000 551,000,000 794,000,000 1,648,000,000 964,000,000 173,000,000 296,000,000 -52,000,000 902,000,000 -2,205,000,000 -294,000,000 741,000,000 433,000,000 633,000,000 797,000,000 490,000,000 786,000,000 1,887,000,000 411,000,000 693,000,000 178,000,000 347,000,000 827,000,000 814,000,000 568,000,000 1,048,000,000 365,000 705,000 712,000 610,000 594,000 1,886,000 856,000  -2,376,879,000 1,002,000,000 631,000,000 169,000,000 
      yoy
    		34.88%  46.91% 19.27% 15.17%  -26.70% -58.43% -28.22% 218.50% 168.24% -3269.23% 6.87% -107.85% -200.68% -107.02% 108.31% -448.34% -136.89% 51.22% -44.91% -66.45% 93.92% -29.29% 341.57% 443.80% -50.30% -14.86% -68.66% -66.89% 226475.34% 115360.99% 79675.28% 171703.28% -38.55% -62.62% -16.82%  -100.02% -99.81% -99.86%      
      qoq
    		110.37% -40.23% 4.65% 2.51%   -15.04% -1.01% 25.59% -30.60% -51.82% 70.95% 457.23% -41.55% -669.23% -105.76% -140.91% 650.00% -139.68% 71.13% -31.60% -20.58% 62.65% -37.66% -58.35% 359.12% -40.69% 289.33% -48.70% -58.04% 1.60% 43.31% -45.80% 287023.29% -48.23% -0.98% 16.72% 2.69% -68.50% 120.33%   -337.21% 58.80% 273.37%  
      net gains on trust investments
    		-17,000,000 24,000,000 62,000,000 95,000,000 8,000,000  7,000,000 95,000,000 126,000,000 -40,000,000 57,000,000 46,000,000 87,000,000 -97,000,000 -187,000,000 -68,000,000 70,000,000 -17,000,000 81,000,000 60,000,000 166,000,000 107,000,000 -221,000,000 -3,000,000 128,000,000 -151,000,000 8,000,000                    
      net other income
    		43,000,000 23,000,000 39,000,000 46,000,000 37,000,000  47,000,000 35,000,000                                       
      net non-operating pension and other postretirement benefit
    		19,000,000 12,250,000 17,000,000 16,000,000 16,000,000  18,000,000 19,000,000 -61,250,000 -302,000,000 29,000,000 28,000,000 94,000,000 94,000,000 94,000,000 94,000,000 82,000,000 82,000,000 82,000,000 82,000,000 46,500,000 62,000,000 62,000,000                        
      interest expense
    		-272,000,000 -263,000,000 -253,000,000 -248,000,000 -241,000,000  -218,000,000 -205,000,000 -198,000,000 -185,000,000 -185,000,000 -180,000,000 -178,000,000 -163,000,000 -150,000,000 -137,000,000 -134,000,000 -144,000,000 -147,000,000 -146,000,000 -147,000,000 -149,000,000 -153,000,000 -147,000,000 -133,000,000 -365,000,000 -111,000,000 -100,000,000 -98,000,000 -97,000,000 -92,000,000 -96,000,000 -97,000,000 -98,000,000 -94,000 -97,000 -100,000 -102,000 -106,000 -348,000 -127,000  559,473,000 -191,000,000 -184,000,000 -207,000,000 
      income before income taxes
    		848,000,000 311,000,000 720,000,000 726,000,000 617,000,000  437,000,000 629,000,000 687,000,000 65,000,000 744,000,000 1,585,000,000 1,003,000,000 55,000,000 98,000,000 -154,000,000 631,000,000 -2,246,000,000 -239,000,000 765,000,000 553,000,000 696,000,000 492,000,000 433,000,000 849,000,000 1,489,000,000 366,000,000 647,000,000 143,000,000 278,000,000 754,000,000 724,000,000 531,000,000 984,000,000 324,000 646,000           
      income tax expense
    		-107,000,000 4,000,000 -98,000,000 -141,000,000   -3,000,000 -97,000,000                  -24,250,000 -97,000,000 -252,000,000 -29,000,000 -91,000,000 -283,000,000 -285,000,000 -186,000,000 -398,000,000 -112,000 -260,000 -270,000      748,956,000 -314,000,000 -174,000,000 -7,000,000 
      net income
    		741,000,000 315,000,000 622,000,000 585,000,000 589,000,000  434,000,000 532,000,000 546,000,000 139,000,000 591,000,000 1,287,000,000 788,000,000 114,000,000 131,000,000 -2,000,000 445,000,000 -1,564,000,000 -177,000,000 648,000,000 431,000,000 575,000,000 448,000,000 403,000,000 700,000,000 1,169,000,000 269,000,000 395,000,000 114,000,000 187,000,000 471,000,000 439,000,000 345,000,000 586,000,000 212,000 386,000 390,000 320,000 347,000 977,000 526,000  -1,108,408,000 506,000,000 275,000,000 209,000,000 
      yoy
    		25.81%  43.32% 9.96% 7.88%  -26.57% -58.66% -30.71% 21.93% 351.15% -64450.00% 77.08% -107.29% -174.01% -100.31% 3.25% -372.00% -139.51% 60.79% -38.43% -50.81% 66.54% 2.03% 514.04% 525.13% -42.89% -10.02% -66.96% -68.09% 222069.81% 113630.57% 88361.54% 183025.00% -38.90% -60.49% -25.86%  -100.03% -99.81% -99.81%      
      qoq
    		135.24% -49.36% 6.32% -0.68%   -18.42% -2.56% 292.81% -76.48% -54.08% 63.32% 591.23% -12.98% -6650.00% -100.45% -128.45% 783.62% -127.31% 50.35% -25.04% 28.35% 11.17% -42.43% -40.12% 334.57% -31.90% 246.49% -39.04% -60.30% 7.29% 27.25% -41.13% 276315.09% -45.08% -1.03% 21.88% -7.78% -64.48% 85.74%   -319.05% 84.00% 31.58%  
      weighted-average common shares outstanding:
    		                                              
      basic
    		499,000,000 499,000,000 499,000,000 499,000,000 498,000,000 498,000,000 498,000,000 499,000,000 498,000,000 498,000,000 497,000,000 497,000,000 498,000,000 497,000,000 497,000,000 501,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 505,000,000 505,000,000 505,000,000 505,000,000 505,000,000 506,000,000 506,000,000 505,875,000 506,077,000 505,858,000 505,942,000 505,914,000 505,949,000 505,979,000  505,986,000 254,272,000,000 253,631,000,000 251,474,000,000 
      diluted
    		500,000,000 501,000,000 501,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 501,000,000 500,000,000 500,000,000 501,000,000 504,000,000 504,000,000 504,000,000 507,000,000 507,000,000 507,000,000 507,000,000 507,000,000 507,000,000 507,000,000 507,000,000 507,000,000 508,000,000 508,000,000 508,000,000 508,000,000 508,000,000 508,000,000 508,056,000 507,831,000 507,694,000 507,220,000 507,111,000 506,982,000 507,132,000  507,064,000 254,545,000,000 254,034,000,000 252,084,000,000 
      net income per share
    		                                              
      basic
    		1.48 0.63 1.25 1.17 1.18  0.87 1.07 1.09 0.28 1.19 2.59 1.58 0.23 0.26  0.88 -3.1 -0.35 1.29 0.85 1.15 0.89 0.8 1.39 2.32 0.53 0.78 0.23 0.37 0.93 0.87 0.68 1.16 0.42 0.76           
      diluted
    		1.48 0.63 1.24 1.17 1.18  0.87 1.06 1.1 0.27 1.18 2.58 1.58 0.22 0.26  0.88 -3.1 -0.35 1.28 0.85 1.14 0.88 0.79 1.38 2.3 0.53 0.78 0.22 0.37 0.93 0.87 0.68 1.15             
      income from equity method investments
    		      1,000,000     1,000,000 -2,000,000 5,000,000 7,000,000 4,000,000 4,000,000 3,000,000 6,000,000 3,000,000 4,000,000 4,000,000 3,000,000 3,000,000 2,000,000 10,000,000 5,000,000 3,000,000 3,000,000 4,000,000 2,000,000 3,000,000 4,000,000 3,000,000 3,000 4,000 4,000 2,000 7,000 1,000 3,000  -85,961,000 33,000,000 27,000,000 30,000,000 
      income tax benefit
    		    -28,000,000    -141,000,000 74,000,000 -153,000,000 -298,000,000 -215,000,000 59,000,000 33,000,000 152,000,000 -186,000,000 682,000,000 62,000,000 -117,000,000 -122,000,000 -121,000,000 -44,000,000 -30,000,000 -149,000,000             -220,000 -241,000 -648,000 -329,000      
      losses on asset dispositions and impairments
    		            22,500,000 52,000,000 -5,000,000 43,000,000 22,000,000 2,158,000,000                             
      other income
    		        33,000,000 41,000,000 49,000,000 42,000,000 38,000,000 43,000,000 38,000,000 5,000,000 5,000,000 35,000,000 33,000,000 25,000,000 34,000,000 39,000,000 4,000,000 35,000,000 33,000,000 51,000,000 34,000,000 66,000,000 72,000,000 44,000,000 48,000,000 47,000,000 76,000,000 48,000,000 62,000 48,000 59,000 61,000 121,000 144,000 76,000  -189,753,000 61,000,000 58,000,000 52,000,000 
      (gains) losses on asset dispositions and impairments
    		                  457,000,000                            
      (gain) loss on asset dispositions
    		                    -1,000,000 -122,000,000                         
      loss on asset dispositions
    		                       7,000,000                       
      non-operating pension and opeb credits
    		                       55,000,000 33,000,000 57,000,000 19,000,000                    
      dividends paid per share of common stock
    		                         0.113 0.45 0.43 0.43 0.41 0.41 0.39 0.39 0.39 0.37 0.37 0.36 0.36 0.355 1.028 0.343  -0.425 0.585 0.585 0.57 
      other deductions
    		                           -10,000,000 -11,000,000 -10,000,000 -21,000,000 -14,000,000 -10,000,000 -12,000,000 -10,000 -12,000 -12,000 -29,000 -26,000 -72,000 -13,000  129,839,000 -57,000,000 -37,000,000 -20,000,000 
      other-than-temporary impairments
    		                           -5,000,000 -1,000,000 -10,000,000 -10,000,000 -30,000,000 -10,000,000 -5,000,000 -2,000 -2,000 -3,000 -2,000 -2,000 -18,000 -4,000      
      taxes other than income taxes
    		                                    15,000 21,000 24,000 90,000 43,000  -103,867,000 31,000,000 30,000,000 27,000,000 
      weighted-average common shares outstanding
    		                                              
      basic
    		499,000,000 499,000,000 499,000,000 499,000,000 498,000,000 498,000,000 498,000,000 499,000,000 498,000,000 498,000,000 497,000,000 497,000,000 498,000,000 497,000,000 497,000,000 501,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 504,000,000 505,000,000 505,000,000 505,000,000 505,000,000 505,000,000 506,000,000 506,000,000 505,875,000 506,077,000 505,858,000 505,942,000 505,914,000 505,949,000 505,979,000  505,986,000 254,272,000,000 253,631,000,000 251,474,000,000 
      diluted
    		500,000,000 501,000,000 501,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 501,000,000 500,000,000 500,000,000 501,000,000 504,000,000 504,000,000 504,000,000 507,000,000 507,000,000 507,000,000 507,000,000 507,000,000 507,000,000 507,000,000 507,000,000 507,000,000 508,000,000 508,000,000 508,000,000 508,000,000 508,000,000 508,000,000 508,056,000 507,831,000 507,694,000 507,220,000 507,111,000 506,982,000 507,132,000  507,064,000 254,545,000,000 254,034,000,000 252,084,000,000 
      net income per share
    		                                              
      basic
    		1.48 0.63 1.25 1.17 1.18  0.87 1.07 1.09 0.28 1.19 2.59 1.58 0.23 0.26  0.88 -3.1 -0.35 1.29 0.85 1.15 0.89 0.8 1.39 2.32 0.53 0.78 0.23 0.37 0.93 0.87 0.68 1.16 0.42 0.76           
      `
    		                                  0.42 0.76           
      income from continuing operations before income taxes
    		                                    660,000 540,000 588,000 1,593,000 791,000  -1,874,364,000 814,000,000 467,000,000 -7,000,000 
      earnings per share:
    		                                              
      basic
    		                                              
      income from continuing operations
    		                                    0.77 0.63 347,000 945,000 462,000  -1,125,408,000 500,000,000 293,000,000 -14,000,000 
      diluted
    		                                              
      income from continuing operations
    		                                    0.77 0.63 347,000 945,000 462,000  -1,125,408,000 500,000,000 293,000,000 -14,000,000 
      earnings per share:
    		                                              
      basic
    		                                              
      diluted
    		                                              
      income from discontinued operations, including gain on disposal, net of tax benefit of (36) and 5, for the periods ended 2011 and 2010, respectively
    		                                       16,000 64,000      
      write-down of assets
    		                                          3,000,000 12,000,000   
      preferred stock dividends
    		                                          -750,000 -1,000,000 -1,000,000 -1,000,000 
      income from discontinued operations, including gain on disposal, net of tax benefit of , 1, (18) and (132) for the quarters and nine months ended 2007 and 2006, respectively
    		                                          -4,250,000 6,000,000   
      write-down of project investments
    		                                             263,000,000 
      income from discontinued operations, including gain on disposal, net of tax benefit (expense) of 22, (137), 27, and (133) for the quarters and six months ended 2007 and 2006, respectively
    		                                            -18,000,000  
      income from discontinued operations, including gain on disposal, net of tax benefit of 141, (127), 142 and (130) for the quarter and six months ended 2006 and 2005, respectively
    		                                             223,000,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-03-31 2020-12-31 2019-09-30 2018-12-31 2011-12-31 2011-03-31 2010-12-31 2009-12-31 2009-03-31 2007-06-30 2006-06-30 2006-03-31 
                                     
        assets
      		                               
        current assets
      		                               
        cash and cash equivalents
      		404,000,000 132,000,000 334,000,000 186,000,000  125,000,000  113,000,000 1,186,000,000 54,000,000 57,000,000 547,000,000 1,205,000,000 465,000,000 377,000,000 2,207,000,000 1,603,000,000 818,000,000 1,811,000,000 803,000,000 543,000,000 120,000,000 177,000,000 834,000,000 900,000,000 280,000,000 350,000,000  170,000,000 136,000,000 218,000,000 
        tax receivable
      		267,000,000 406,000,000 402,000,000 330,000,000  394,000,000   5,000,000 10,000,000 8,000,000 8,000,000 8,000,000 79,000,000 51,000,000 8,000,000 8,000,000 9,000,000 9,000,000 7,000,000 63,000,000  242,000,000 16,000,000 248,000,000 689,000,000      
        fuel
      		96,000,000 282,000,000 326,000,000 213,000,000  232,000,000  179,000,000 96,000,000 264,000,000 284,000,000 200,000,000 123,000,000 420,000,000 482,000,000 250,000,000 67,000,000 296,000,000 270,000,000 129,000,000 277,000,000 346,000,000 331,000,000 685,000,000 376,000,000 666,000,000 806,000,000  670,000,000 644,000,000 400,000,000 
        materials and supplies
      		881,000,000 873,000,000 882,000,000 889,000,000  892,000,000  857,000,000 825,000,000 759,000,000 686,000,000 645,000,000 592,000,000 540,000,000 505,000,000 484,000,000 471,000,000 448,000,000 449,000,000 609,000,000 601,000,000 579,000,000 571,000,000 367,000,000 365,000,000 359,000,000 361,000,000 -4 312,000,000 292,000,000 275,000,000 
        prepayments
      		109,000,000 75,000,000 215,000,000 365,000,000  117,000,000  349,000,000 119,000,000 144,000,000 297,000,000 365,000,000 101,000,000 93,000,000 222,000,000 331,000,000 100,000,000 63,000,000 139,000,000 76,000,000 51,000,000 249,000,000 94,000,000 308,000,000 102,000,000 204,000,000 161,000,000 35 404,000,000 365,000,000 90,000,000 
        derivative contracts
      		4,000,000 11,000,000 15,000,000 29,000,000  33,000,000  49,000,000 74,000,000 112,000,000 70,000,000 91,000,000 92,000,000 18,000,000 138,000,000 131,000,000 144,000,000 72,000,000 137,000,000 29,000,000 60,000,000 18,000,000 11,000,000 156,000,000 174,000,000 182,000,000 243,000,000 15 59,000,000 11,000,000 11,000,000 
        regulatory assets
      		303,000,000 537,000,000 639,000,000 529,000,000  516,000,000  305,000,000 167,000,000 273,000,000 257,000,000 358,000,000 291,000,000 369,000,000 400,000,000 491,000,000 368,000,000 364,000,000 272,000,000 249,000,000 369,000,000 352,000,000 389,000,000 167,000,000 100,000,000 155,000,000 5,769,000,000  5,238,000,000 4,979,000,000 5,000,000,000 
        other
      		9,000,000 11,000,000 24,000,000 17,000,000  16,000,000  74,000,000 73,000,000 31,000,000 42,000,000 37,000,000 35,000,000 33,000,000 51,000,000 50,000,000 41,000,000 44,000,000 71,000,000 30,000,000 27,000,000 50,000,000 17,000,000 122,000,000 113,000,000 122,000,000 83,000,000 282 83,000,000 35,000,000 45,000,000 
        total current assets
      		4,409,000,000 4,596,000,000 4,679,000,000 4,588,000,000  4,235,000,000  3,576,000,000 4,282,000,000 3,373,000,000 3,283,000,000 3,863,000,000 4,331,000,000 4,303,000,000 4,105,000,000 6,167,000,000 4,728,000,000 6,250,000,000 6,815,000,000 3,595,000,000 3,630,000,000 3,059,000,000 3,507,000,000 3,911,000,000 4,466,000,000 5,051,000,000 3,646,000,000  3,897,000,000 3,347,000,000 3,801,000,000 
        property, plant and equipment
      		54,518,000,000 53,920,000,000 53,187,000,000 52,341,000,000  51,207,000,000  49,813,000,000 49,295,000,000 48,603,000,000 47,990,000,000 47,193,000,000 46,529,000,000 45,924,000,000 45,410,000,000 44,890,000,000 44,303,000,000 43,684,000,000 43,075,000,000 49,063,000,000 48,569,000,000 45,500,000,000 44,201,000,000 25,080,000,000 23,698,000,000 23,272,000,000 22,069,000,000  19,346,000,000 19,388,000,000 19,111,000,000 
        less: accumulated depreciation and amortization
      		-12,090,000,000 -11,856,000,000 -11,800,000,000 -11,577,000,000  -11,143,000,000  -10,792,000,000 -10,801,000,000 -10,572,000,000 -10,536,000,000 -10,333,000,000 -10,169,000,000 -9,982,000,000 -9,964,000,000 -9,731,000,000 -9,569,000,000 -9,318,000,000 -9,496,000,000 -11,277,000,000 -10,984,000,000 -10,093,000,000 -9,838,000,000 -7,231,000,000 -7,050,000,000 -6,882,000,000 -6,629,000,000  -6,067,000,000 -5,817,000,000 -5,700,000,000 
        net property, plant and equipment
      		42,428,000,000 42,064,000,000 41,387,000,000 40,764,000,000  40,064,000,000  39,021,000,000 38,494,000,000 38,031,000,000 37,454,000,000 36,860,000,000 36,360,000,000 35,942,000,000 35,446,000,000 35,159,000,000 34,734,000,000 34,366,000,000 33,579,000,000 37,786,000,000 37,585,000,000 35,407,000,000 34,363,000,000 17,849,000,000 16,648,000,000 16,390,000,000 15,440,000,000  13,279,000,000 13,571,000,000 13,411,000,000 
        noncurrent assets
      		                               
        operating lease right-of-use assets
      		157,000,000 138,000,000 149,000,000 155,000,000  162,000,000  171,000,000 175,000,000 179,000,000 178,000,000 170,000,000 174,000,000 176,000,000 183,000,000 189,000,000 195,000,000 201,000,000 206,000,000 255,000,000 262,000,000 285,000,000          
        long-term investments
      		391,000,000 372,000,000 243,000,000 236,000,000  263,000,000  268,000,000 271,000,000 295,000,000 298,000,000 302,000,000 597,000,000 624,000,000 594,000,000 577,000,000 534,000,000 541,000,000 578,000,000 512,000,000 536,000,000 812,000,000 896,000,000 1,303,000,000 1,630,000,000 1,623,000,000 2,032,000,000  3,836,000,000 3,858,000,000 4,117,000,000 
        long-term receivable of variable interest entity
      		526,000,000 520,000,000 564,000,000 566,000,000  558,000,000  642,000,000 637,000,000 632,000,000 563,000,000 562,000,000 557,000,000 551,000,000 837,000,000 839,000,000 833,000,000 828,000,000 949,000,000 950,000,000 945,000,000 639,000,000          
        rabbi trust fund
      		158,000,000 162,000,000 164,000,000 164,000,000  165,000,000  171,000,000 173,000,000 179,000,000 167,000,000 185,000,000 190,000,000 183,000,000 182,000,000 197,000,000 219,000,000 242,000,000 243,000,000 238,000,000 266,000,000 246,000,000 224,000,000         
        total noncurrent assets
      		11,108,000,000 10,916,000,000 10,847,000,000 10,672,000,000  10,341,000,000  9,785,000,000 9,612,000,000 9,337,000,000 8,815,000,000 8,782,000,000 8,718,000,000 8,473,000,000 8,190,000,000 8,282,000,000 8,312,000,000 8,383,000,000 9,032,000,000 8,825,000,000 8,835,000,000 8,349,000,000 7,456,000,000 8,061,000,000 8,256,000,000 8,468,000,000 9,644,000,000  11,282,000,000 11,341,000,000 11,644,000,000 
        total assets
      		57,945,000,000 57,576,000,000 56,913,000,000 56,024,000,000  54,640,000,000  52,382,000,000 52,388,000,000 50,741,000,000 49,552,000,000 49,505,000,000 49,409,000,000 48,718,000,000 47,741,000,000 49,608,000,000 47,774,000,000 48,999,000,000 49,426,000,000 50,206,000,000 50,050,000,000 46,815,000,000 45,326,000,000 29,821,000,000 29,370,000,000 29,909,000,000 28,730,000,000  28,458,000,000 28,259,000,000 28,856,000,000 
        liabilities and capitalization
      		                               
        current liabilities
      		                               
        long-term debt due within one year
      		425,000,000 875,000,000 875,000,000 1,000,000,000  2,150,000,000  2,100,000,000 2,500,000,000 1,500,000,000 2,000,000,000 2,075,000,000 1,825,000,000 1,575,000,000 1,525,000,000 1,200,000,000 700,000,000 700,000,000 1,650,000,000 1,429,000,000 1,684,000,000 1,056,000,000 1,294,000,000 417,000,000 981,000,000 915,000,000 521,000,000 550 1,010,000,000 369,000,000 1,041,000,000 
        commercial paper and loans
      		1,165,000,000 1,529,000,000 829,000,000 650,000,000  1,593,000,000  879,000,000 525,000,000 949,000,000 695,000,000 1,197,000,000 1,250,000,000 2,200,000,000 2,235,000,000 3,313,000,000 1,676,000,000 3,519,000,000 3,705,000,000 665,000,000 1,063,000,000 346,000,000 1,016,000,000  21,000,000 64,000,000 530,000,000  345,000,000 570,000,000 154,000,000 
        accounts payable
      		1,204,000,000 1,489,000,000 1,308,000,000 1,175,000,000  1,136,000,000  1,052,000,000 980,000,000 1,214,000,000 1,120,000,000 1,050,000,000 958,000,000 1,271,000,000 1,194,000,000 1,214,000,000 956,000,000 1,315,000,000 1,168,000,000 984,000,000 1,332,000,000 1,244,000,000 1,451,000,000 1,184,000,000 1,067,000,000 1,176,000,000 1,081,000,000 322 1,022,000,000 877,000,000 785,000,000 
        accrued interest
      		267,000,000 265,000,000 252,000,000 257,000,000  219,000,000  200,000,000 193,000,000 170,000,000 162,000,000 141,000,000 161,000,000 134,000,000 145,000,000 127,000,000 144,000,000 121,000,000 164,000,000 173,000,000 126,000,000 174,000,000 110,000,000 97,000,000 153,000,000 108,000,000 102,000,000 59 127,000,000 133,000,000 205,000,000 
        accrued taxes
      		61,000,000 95,000,000 106,000,000 70,000,000  10,000,000  13,000,000 37,000,000 8,000,000 12,000,000 11,000,000 98,000,000 12,000,000 39,000,000 39,000,000 312,000,000 67,000,000 86,000,000 160,000,000 124,000,000 37,000,000 26,000,000 30,000,000 102,000,000 49,000,000 90,000,000 46 104,000,000 107,000,000 241,000,000 
        new jersey clean energy program
      		85,000,000 145,000,000    145,000,000    145,000,000    145,000,000                  
        obligation to return cash collateral
      		126,000,000 106,000,000 99,000,000 104,000,000  93,000,000  98,000,000 93,000,000 89,000,000 93,000,000 92,000,000 104,000,000 290,000,000 432,000,000 731,000,000 384,000,000 179,000,000 218,000,000 94,000,000 98,000,000 123,000,000 136,000,000 107,000,000 106,000,000 104,000,000 95,000,000 105    
        regulatory liabilities
      		382,000,000 484,000,000 605,000,000 492,000,000  555,000,000  354,000,000 362,000,000 349,000,000 385,000,000 339,000,000 335,000,000 384,000,000 364,000,000 341,000,000 369,000,000 388,000,000 345,000,000 271,000,000 294,000,000 346,000,000 311,000,000 100,000,000 166,000,000 174,000,000 404,000,000 415 410,000,000 614,000,000 614,000,000 
        total current liabilities
      		4,550,000,000 5,740,000,000 5,009,000,000 4,582,000,000  6,505,000,000  5,534,000,000 5,388,000,000 5,057,000,000 5,190,000,000 5,750,000,000 5,448,000,000 6,680,000,000 6,806,000,000 7,934,000,000 5,292,000,000 7,072,000,000 8,105,000,000 4,546,000,000 5,522,000,000 4,067,000,000 4,935,000,000 2,957,000,000 3,483,000,000 3,485,000,000 3,214,000,000 2,298 3,699,000,000 3,057,000,000 3,938,000,000 
        noncurrent liabilities
      		                               
        deferred income taxes and investment tax credits
      		8,215,000,000 7,930,000,000 7,724,000,000 7,588,000,000  7,248,000,000  6,935,000,000 6,802,000,000 6,671,000,000 6,478,000,000 6,345,000,000 6,089,000,000 5,725,000,000 5,462,000,000 5,474,000,000 5,463,000,000 5,759,000,000 5,524,000,000 6,630,000,000 6,502,000,000 6,143,000,000 5,713,000,000 5,458,000,000 5,000,000,000 5,129,000,000 4,139,000,000  4,223,000,000 4,436,000,000 4,344,000,000 
        operating leases
      		144,000,000 128,000,000 138,000,000 144,000,000  153,000,000  164,000,000 168,000,000 173,000,000 173,000,000 166,000,000 169,000,000 169,000,000 174,000,000 179,000,000 184,000,000 191,000,000 196,000,000 244,000,000 252,000,000 275,000,000          
        asset retirement obligations
      		1,391,000,000 1,381,000,000 1,384,000,000 1,372,000,000  1,500,000,000  1,483,000,000 1,480,000,000 1,468,000,000 1,531,000,000 1,525,000,000 1,511,000,000 1,499,000,000 1,467,000,000 1,600,000,000 1,586,000,000 1,573,000,000 1,260,000,000 1,224,000,000 1,212,000,000 1,073,000,000 1,063,000,000 489,000,000 467,000,000 461,000,000 439,000,000 243 527,000,000 607,000,000 596,000,000 
        opeb costs
      		233,000,000  265,000,000 272,000,000    328,000,000 335,000,000  395,000,000 400,000,000 404,000,000  550,000,000 558,000,000 568,000,000  702,000,000 727,000,000  695,000,000          
        opeb costs of servco
      		507,000,000 501,000,000 530,000,000 524,000,000  510,000,000  527,000,000 520,000,000 514,000,000 472,000,000 466,000,000 461,000,000 455,000,000 663,000,000 655,000,000 647,000,000 640,000,000 722,000,000 706,000,000 699,000,000 525,000,000 501,000,000         
        accrued pension costs
      		296,000,000 305,000,000 487,000,000 487,000,000  488,000,000  598,000,000 602,000,000 606,000,000 428,000,000 691,000,000 698,000,000 705,000,000 180,000,000 226,000,000 273,000,000 318,000,000 975,000,000 1,079,000,000 1,128,000,000 819,000,000 791,000,000 734,000,000 373,000,000 788,000,000 1,094,000,000 498 333,000,000   
        environmental costs
      		225,000,000 225,000,000 229,000,000 217,000,000  225,000,000  211,000,000 217,000,000 213,000,000 220,000,000 219,000,000 224,000,000 231,000,000 241,000,000 231,000,000 237,000,000 245,000,000 248,000,000 245,000,000 286,000,000 361,000,000 327,000,000 643,000,000 659,000,000 669,000,000 704,000,000 685 403,000,000 407,000,000 414,000,000 
        long-term accrued taxes
      		142,000,000 141,000,000 149,000,000 146,000,000  130,000,000  40,000,000 37,000,000 45,000,000 55,000,000 57,000,000 59,000,000 66,000,000 53,000,000 69,000,000 66,000,000 100,000,000 109,000,000 81,000,000 88,000,000 165,000,000 181,000,000 292,000,000 221,000,000 248,000,000 538,000,000 85 519,000,000   
        total noncurrent liabilities
      		13,427,000,000 13,184,000,000 13,229,000,000 13,132,000,000  13,057,000,000  12,605,000,000 12,518,000,000 12,423,000,000 12,157,000,000 12,308,000,000 12,095,000,000 11,814,000,000 11,534,000,000 11,775,000,000 11,916,000,000 12,270,000,000 12,827,000,000 14,037,000,000 14,048,000,000 13,375,000,000 12,846,000,000 9,131,000,000 8,231,000,000 8,964,000,000 8,993,000,000 5,835 7,969,000,000 7,532,000,000 7,504,000,000 
        commitments and contingent liabilities
      		                               
        capitalization
      		                               
        long-term debt
      		22,665,000,000 21,670,000,000 21,666,000,000 21,639,000,000  18,964,000,000  18,419,000,000 18,764,000,000 17,784,000,000 17,039,000,000 16,394,000,000 17,140,000,000 16,495,000,000 16,150,000,000 16,471,000,000 16,968,000,000 15,219,000,000 14,425,000,000 15,346,000,000 14,496,000,000 14,448,000,000 13,168,000,000 6,694,000,000 6,762,000,000 6,834,000,000 6,481,000,000 3,164 7,404,000,000 7,731,000,000 7,732,000,000 
        stockholders’ equity
      		                               
        retained earnings
      		13,853,000,000 13,446,000,000 13,446,000,000 13,138,000,000  12,593,000,000  12,385,000,000 12,250,000,000 12,017,000,000 11,755,000,000 11,900,000,000 11,594,000,000 10,591,000,000 10,072,000,000 10,227,000,000 10,366,000,000 10,639,000,000 10,452,000,000 12,708,000,000 12,318,000,000 11,206,000,000 10,582,000,000 6,385,000,000 5,928,000,000 5,575,000,000 4,704,000,000 1,720 2,829,000,000 2,671,000,000 2,605,000,000 
        accumulated other comprehensive loss
      		-85,000,000 -91,000,000 -112,000,000 -123,000,000  -133,000,000  -173,000,000 -169,000,000 -179,000,000 -213,000,000 -515,000,000 -522,000,000 -550,000,000 -493,000,000 -455,000,000 -410,000,000 -350,000,000 -524,000,000 -542,000,000 -504,000,000 -438,000,000 -377,000,000 -337,000,000 -187,000,000 -156,000,000 -116,000,000  -213,000,000 -239,000,000 -473,000,000 
        total stockholders’ equity
      		17,303,000,000 16,982,000,000 17,009,000,000 16,671,000,000  16,114,000,000  15,824,000,000 15,718,000,000 15,477,000,000 15,166,000,000 15,053,000,000 14,726,000,000 13,729,000,000 13,251,000,000 13,428,000,000 13,598,000,000 14,438,000,000 14,069,000,000 16,277,000,000 15,984,000,000 14,925,000,000 14,377,000,000 10,272,000,000 9,959,000,000 9,641,000,000 8,798,000,000     
        total capitalization
      		39,968,000,000 38,652,000,000 38,675,000,000 38,310,000,000  35,078,000,000  34,243,000,000 34,482,000,000 33,261,000,000 32,205,000,000 31,447,000,000 31,866,000,000 30,224,000,000 29,401,000,000 29,899,000,000 30,566,000,000 29,657,000,000 28,494,000,000 31,623,000,000 30,480,000,000 29,373,000,000 27,545,000,000 17,733,000,000 17,656,000,000 17,460,000,000 16,523,000,000 8,311 16,790,000,000 17,670,000,000 17,414,000,000 
        total liabilities and capitalization
      		57,945,000,000 57,576,000,000 56,913,000,000 56,024,000,000  54,640,000,000  52,382,000,000 52,388,000,000 50,741,000,000 49,552,000,000 49,505,000,000 49,409,000,000 48,718,000,000 47,741,000,000 49,608,000,000 47,774,000,000 48,999,000,000 49,426,000,000 50,206,000,000 50,050,000,000 46,815,000,000 45,326,000,000 29,821,000,000 29,370,000,000 29,909,000,000 28,730,000,000 16,444 28,458,000,000 28,259,000,000 28,856,000,000 
        other postretirement benefit (opeb) costs
      		 242,000,000    292,000,000    349,000,000    410,000,000    572,000,000   730,000,000  704,000,000 1,127,000,000 956,000,000 967,000,000 1,095,000,000 804 1,093,000,000 627,000,000 613,000,000 
        accrued pension costs of servco
      		  17,000,000 26,000,000  31,000,000  99,000,000 100,000,000 102,000,000 76,000,000 81,000,000 82,000,000 82,000,000 160,000,000 169,000,000 171,000,000 174,000,000 207,000,000 223,000,000 226,000,000 98,000,000 109,000,000         
        commitments and contingent liabilities (see note 12) capitalization
      		                               
        clean energy program
      		  186,000,000 226,000,000    226,000,000 86,000,000  186,000,000 229,000,000 86,000,000  187,000,000 230,000,000 87,000,000 146,000,000 188,000,000 86,000,000 143,000,000 187,000,000 143,000,000 214,000,000 211,000,000 195,000,000 166,000,000 145 128,000,000 108,000,000 103,000,000 
        commitments and contingent liabilities (see note 13) capitalization
      		                               
        solar loan i
      		      1,000,000                         
        solar loan ii
      		      22,000,000                         
        solar loan iii
      		      21,000,000                         
        total
      		      44,000,000                         
        lease receivables
      		      200,000,000                         
        unearned and deferred income
      		      -53,000,000                         
        gross investments in leases
      		      147,000,000                         
        deferred tax liabilities
      		      -33,000,000                         
        net investments in leases
      		      114,000,000                         
        aa
      		      7,000,000                         
        a-
      		      39,000,000                         
        bbb+
      		      154,000,000                         
        assets held for sale
      		             20,000,000    2,060,000,000 2,050,000,000           23,000,000  
        long-term tax receivable
      		             5,000,000 5,000,000 47,000,000 47,000,000 47,000,000 47,000,000 43,000,000  150,000,000          
        intangibles
      		          23,000,000 14,000,000 9,000,000 14,000,000 69,000,000 38,000,000  20,000,000           52,000,000   
        liabilities held for sale
      		                 144,000,000 126,000,000             
        other intangibles
      		                22,000,000  133,000,000 163,000,000 158,000,000 188,000,000 143,000,000 131,000,000 135,000,000 136,000,000 123,000,000     
        unbilled revenues
      		                     161,000,000 240,000,000 289,000,000 296,000,000 400,000,000 411,000,000  260,000,000 239,000,000 246,000,000 
        goodwill
      		                     16,000,000 16,000,000 16,000,000 16,000,000 16,000,000 16,000,000  410,000,000   
        long-term receivable of vies
      		                      624,000,000         
        treasury stock
      		                      -808,000,000 -601,000,000 -597,000,000 -593,000,000 -588,000,000  -479,000,000 -532,000,000 -531,000,000 
        accounts receivable
      		                       967,000,000 1,419,000,000 1,387,000,000 1,229,000,000  1,588,000,000 1,455,000,000 1,818,000,000 
        assets of discontinued operations
      		                        293,000,000 564,000,000   299,000,000  522,000,000 
        deferred income taxes
      		                       170,000,000 80,000,000 43,000,000      
        regulatory assets of variable interest entities
      		                       925,000,000 1,080,000,000 1,128,000,000      
        nuclear decommissioning trust (ndt) funds
      		                       1,349,000,000 1,366,000,000 1,363,000,000 1,199,000,000  1,311,000,000 1,159,000,000 1,184,000,000 
        other special funds
      		                       172,000,000 164,000,000 160,000,000 149,000,000  155,000,000 538,000,000 559,000,000 
        restricted cash of vies
      		                       22,000,000 21,000,000 21,000,000      
        securitization debt of vies due within one year
      		                       216,000,000 209,000,000 206,000,000      
        liabilities of discontinued operations
      		                        45,000,000 72,000,000   133,000,000  441,000,000 
        regulatory liabilities of vies
      		                       9,000,000 9,000,000 8,000,000      
        securitization debt of vies
      		                       723,000,000 890,000,000 939,000,000      
        project level, non-recourse debt
      		                       44,000,000 45,000,000 46,000,000 19,000,000  647,000,000 866,000,000 880,000,000 
        total long-term debt
      		                       7,461,000,000 7,697,000,000 7,819,000,000 7,645,000,000 4,461 9,863,000,000 11,058,000,000 11,113,000,000 
        common stock
      		                       4,823,000,000 4,813,000,000 4,807,000,000 4,788,000,000  4,710,000,000 4,632,000,000 4,620,000,000 
        total common stockholders’ equity
      		                       10,270,000,000 9,957,000,000 9,633,000,000 8,788,000,000  6,847,000,000   
        noncontrolling interest
      		                       2,000,000 2,000,000 8,000,000 10,000,000     
        subsidiary’s preferred stock without mandatory redemption
      		                          80,000,000     
        restricted funds
      		                          2,000,000  52,000,000 75,000,000 82,000,000 
        securitization debt
      		                          1,145,000,000 1,297 1,626,000,000 1,801,000,000 1,841,000,000 
        accounts payable—affiliated companies
      		                           774    
        deferred income taxes and itc
      		                           2,544    
        preferred stock without mandatory redemption, 100 par value, 7,500,000 authorized; issued and outstanding, 2009 and 2008—795,234 shares
      		                           80    
        common stockholder’s equity
      		                               
        common stock; 150,000,000 shares authorized;
      		                               
        issued and outstanding, 2009 and 2008—132,450,344 shares
      		                           892    
        contributed capital
      		                           170    
        basis adjustment
      		                           986    
        accumulated other comprehensive income
      		                           2    
        total common stockholder’s equity
      		                           3,770    
        cash flows from operating activities
      		                               
        net income
      		                           124    
        adjustments to reconcile net income to net cash flows from operating activities:
      		                               
        depreciation and amortization
      		                           149    
        benefit from deferred income taxes and itc
      		                           6    
        non-cash employee benefit plan costs
      		                           59    
        cost of removal
      		                           -9    
        over recovery of electric energy costs
      		                           20    
        over (under) recovery of gas costs
      		                           40    
        over recovery of sbc
      		                           44    
        net changes in certain current assets and liabilities:
      		                               
        accounts receivable and unbilled revenues
      		                           -86    
        accounts receivable/payable-affiliated companies
      		                           -62    
        other current assets and liabilities
      		                           51    
        employee benefit plan funding and related payments
      		                           -172    
        net cash from operating activities
      		                           216    
        cash flows from investing activities
      		                               
        additions to property, plant and equipment
      		                           -194    
        net cash from investing activities
      		                           -200    
        cash flows from financing activities
      		                               
        net change in short-term debt
      		                           -19    
        issuance of long-term debt
      		                               
        redemption of long-term debt
      		                               
        redemption of securitization debt
      		                           -42    
        deferred issuance costs
      		                               
        preferred stock dividends
      		                           -1    
        net cash from financing activities
      		                           -62    
        net increase in cash and cash equivalents
      		                           -46    
        cash and cash equivalents at beginning of period
      		                           91    
        cash and cash equivalents at end of period
      		                           45    
        supplemental disclosure of cash flow information:
      		                               
        income taxes received
      		                           -12    
        interest paid, net of amounts capitalized
      		                           75    
        debt supporting trust preferred securities
      		                            186,000,000 660,000,000 660,000,000 
        subsidiaries’ preferred securities
      		                               
        preferred stock without mandatory redemption, 100 par value, 7,500,000 authorized; issued and outstanding, 2007 and 2006—795,234 shares
      		                            80,000,000   
        common stockholders’ equity
      		                               
        energy trading contracts
      		                             72,000,000 94,000,000 
        goodwill and other intangibles
      		                             590,000,000 595,000,000 
        subsidiaries' preferred securities
      		                               
        preferred stock without mandatory redemption, 100 par value, 7,500,000 authorized; issued and outstanding, 2006 and 2005—795,234 shares
      		                             80,000,000 80,000,000 
        common stockholders' equity
      		                               
        total common stockholders' equity
      		                             6,532,000,000 6,221,000,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2011-03-31 2010-03-31 2009-03-31 2007-09-30 
                               
          net income
        		315,000,000 918,000,000 332,000,000 546,000,000 434,000,000 532,000,000 546,000,000 139,000,000 591,000,000 1,287,000,000 788,000,000 114,000,000 131,000,000 -2,000,000 445,000,000 -1,564,000,000 -177,000,000 648,000,000 431,000,000 526,000,000 118,000,000 124,000,000 506,000,000 
          adjustments to reconcile net income to net cash flows from operating activities:
        		                       
          depreciation and amortization
        		318,000,000 384,000,000 275,000,000 280,000,000 285,000,000 295,000,000 292,000,000 282,000,000 279,000,000 282,000,000 278,000,000 270,000,000 269,000,000 283,000,000 270,000,000 283,000,000 322,000,000 341,000,000 329,000,000 245,000,000 177,000,000 149,000,000 214,000,000 
          amortization of nuclear fuel
        		48,000,000    42,000,000 51,000,000 45,000,000 50,000,000 46,000,000 48,000,000 42,000,000 48,000,000 43,000,000 50,000,000 44,000,000 49,000,000 45,000,000 49,000,000 40,000,000 39,000,000   25,000,000 
          provision for deferred income taxes and itc
        		37,000,000    83,000,000 40,000,000 62,000,000 -84,000,000 164,000,000 213,000,000              
          non-cash employee benefit plan (credits) costs
        		19,000,000 35,000,000 11,000,000 11,000,000 19,000,000 18,000,000 9,000,000 338,000,000 10,000,000 9,000,000 -60,000,000 -59,000,000 -60,000,000 -60,000,000 -44,000,000 -45,000,000 -45,000,000 -44,000,000 -26,000,000     
          net realized and unrealized losses on energy contracts and other derivatives
        		92,000,000    -158,000,000 258,000,000 -292,000,000 25,000,000 -295,000,000 -771,000,000  298,000,000 104,000,000 847,000,000    46,000,000      
          cost of removal
        		-39,000,000 -45,000,000 -38,000,000 -34,000,000 -46,000,000 -45,000,000 -45,000,000 -39,000,000 -41,000,000 -41,000,000 -35,000,000 -31,000,000 -33,000,000 -30,000,000 -33,000,000 -28,000,000 -33,000,000 -27,000,000 -29,000,000 -13,000,000 -19,000,000 -9,000,000 -10,000,000 
          energy efficiency programs regulatory investment expenditures
        		   -165,000,000 -119,000,000 -118,000,000                  
          amortization of energy efficiency programs regulatory investment expenditures
        		   38,000,000 30,000,000 27,000,000                  
          net change in other regulatory assets and liabilities
        		-32,000,000 38,000,000 73,000,000 37,000,000 -4,000,000 -47,000,000                  
          net losses and expense from ndt fund
        		-43,000,000    -28,000,000 -109,000,000 -141,000,000 25,000,000 -74,000,000 -58,000,000  81,000,000 168,000,000 54,000,000    -68,000,000      
          net change in certain current assets and liabilities:
        		                       
          tax receivable
        		-4,000,000     5,000,000  0 1,000,000 70,000,000  0 0 1,000,000 0 0 -10,000,000 66,000,000 39,000,000     
          accrued taxes
        		-11,000,000     11,000,000   -88,000,000 85,000,000 4,000,000 0 -313,000,000 215,000,000 -24,000,000 -133,000,000 74,000,000 -44,000,000 -104,000,000  40,000,000 43,000,000  
          cash collateral
        		-115,000,000    144,000,000 -168,000,000 233,000,000 80,000,000 301,000,000 794,000,000 640,000,000 -73,000,000 -561,000,000 -683,000,000 155,000,000 -656,000,000 -245,000,000 -44,000,000 2,000,000     
          obligation to return cash collateral
        		  -15,000,000 26,000,000 5,000,000 4,000,000 -4,000,000 1,000,000 -12,000,000 -186,000,000 -142,000,000 -299,000,000 347,000,000 205,000,000       7,000,000 3,000,000  
          other current assets and liabilities
        		58,000,000 -26,000,000 39,000,000 14,000,000 41,000,000 -97,000,000 -27,000,000 -146,000,000 114,000,000 169,000,000 -212,000,000 -105,000,000 110,000,000 20,000,000 -45,000,000 -72,000,000 -91,000,000 -30,000,000 54,000,000  55,000,000 51,000,000  
          employee benefit plan funding and related payments
        		-63,000,000 -20,000,000 -5,000,000 -12,000,000 -12,000,000 -19,000,000 -9,000,000 -10,000,000 -9,000,000 -12,000,000 -10,000,000 -9,000,000 -10,000,000 -6,000,000 -7,000,000 -10,000,000 -5,000,000 -3,000,000 -6,000,000 -446,000,000 -168,000,000 -172,000,000 -37,000,000 
          other
        		31,000,000 87,000,000 2,000,000 -23,000,000 -13,000,000 23,000,000 49,000,000 14,000,000 -23,000,000 10,000,000 14,000,000 35,000,000 -2,000,000 -62,000,000 16,000,000 16,000,000 3,000,000 10,000,000 -22,000,000 -16,000,000 -19,000,000 -12,000,000 65,000,000 
          net cash from operating activities
        		721,000,000 1,623,000,000 322,000,000 632,000,000 482,000,000 661,000,000 710,000,000 687,000,000 572,000,000 1,837,000,000 802,000,000 345,000,000 -116,000,000 472,000,000 558,000,000 129,000,000 22,000,000 1,027,000,000 585,000,000 1,042,000,000 160,000,000 216,000,000 743,000,000 
          capital expenditures
        		-1,129,000,000 -864,000,000 -674,000,000 -605,000,000 -837,000,000 -797,000,000 -965,000,000 -916,000,000 -705,000,000 -739,000,000 -800,000,000 -797,000,000 -605,000,000 -686,000,000 -673,000,000 -743,000,000 -670,000,000 -633,000,000 -831,000,000 -497,000,000 -217,000,000 -194,000,000 -314,000,000 
          free cash flows
        		-408,000,000 759,000,000 -352,000,000 27,000,000 -355,000,000 -136,000,000 -255,000,000 -229,000,000 -133,000,000 1,098,000,000 2,000,000 -452,000,000 -721,000,000 -214,000,000 -115,000,000 -614,000,000 -648,000,000 394,000,000 -246,000,000 545,000,000 -57,000,000 22,000,000 429,000,000 
          cash flows from investing activities
        		                       
          additions to property, plant and equipment
        		-1,129,000,000 -864,000,000 -674,000,000 -605,000,000 -837,000,000 -797,000,000 -965,000,000 -916,000,000 -705,000,000 -739,000,000 -800,000,000 -797,000,000 -605,000,000 -686,000,000 -673,000,000 -743,000,000 -670,000,000 -633,000,000 -831,000,000 -497,000,000 -217,000,000 -194,000,000 -314,000,000 
          proceeds from sales of trust investments
        		305,000,000 1,070,000,000 2,000,000 1,000,000 445,000,000 369,000,000 716,000,000 277,000,000 319,000,000 402,000,000 305,000,000 419,000,000 361,000,000 501,000,000 443,000,000 428,000,000 567,000,000 662,000,000 438,000,000     
          purchases of trust investments
        		-310,000,000 -1,059,000,000 -1,000,000 -1,000,000 -461,000,000 -380,000,000 -726,000,000 -283,000,000 -327,000,000 -415,000,000 -302,000,000 -433,000,000 -366,000,000 -510,000,000 -437,000,000 -432,000,000 -563,000,000 -660,000,000 -433,000,000     
          proceeds from sales of long-lived assets and lease investments
        		              4,000,000 0   1,000,000     
          proceeds from sales of equity method investments
        		      0 1,000,000                
          net cash from investing activities
        		-1,248,000,000 -795,000,000 -668,000,000 -597,000,000 -827,000,000 -785,000,000 -928,000,000 -911,000,000 -405,000,000 -714,000,000 -802,000,000 -830,000,000 -652,000,000 1,183,000,000 -661,000,000 -790,000,000 -169,000,000 -624,000,000 -821,000,000 -155,000,000 -225,000,000 -200,000,000 -328,000,000 
          cash flows from financing activities
        		                       
          net change in commercial paper
        		                       
          proceeds from short-term loans
        		      0 0   0 0   0 1,250,000,000 750,000,000 500,000,000      
          repayment of short-term loans
        		                       
          issuance of long-term debt
        		0 2,700,000,000 0 900,000,000 0 2,250,000,000 1,000,000,000 900,000,000 0 900,000,000 1,100,000,000 0 0 1,750,000,000 1,500,000,000 425,000,000 0 900,000,000 0  300,000,000  0 
          redemption of long-term debt
        		              -1,654,000,000 -44,000,000 -1,084,000,000 -300,000,000 -709,000,000  -300,000,000  0 
          cash dividends paid on common stock
        		-315,000,000    -299,000,000 -299,000,000 -284,000,000 -284,000,000 -285,000,000 -284,000,000 -269,000,000 -269,000,000 -270,000,000 -271,000,000 -258,000,000 -257,000,000 -258,000,000 -258,000,000 -248,000,000 -173,000,000   -149,000,000 
          net cash from financing activities
        		323,000,000 -605,000,000 -150,000,000 444,000,000 -734,000,000 1,249,000,000 217,000,000 -273,000,000 -824,000,000 -380,000,000 93,000,000 -1,343,000,000 1,372,000,000 -876,000,000 -894,000,000 2,377,000,000 -550,000,000 -134,000,000 -191,000,000 -267,000,000 -129,000,000 -62,000,000 -165,000,000 
          net increase in cash, cash equivalents and restricted cash
        		-204,000,000 223,000,000 -496,000,000 479,000,000 -1,079,000,000 1,125,000,000 -1,000,000 -497,000,000 -657,000,000 743,000,000 93,000,000 -1,828,000,000 604,000,000 779,000,000 -997,000,000 1,716,000,000 -697,000,000 269,000,000 -427,000,000     
          cash, cash equivalents and restricted cash at beginning of period
        		0 46,000,000 0 108,000,000 0 99,000,000 0 0 0 511,000,000 0 0 0 863,000,000 0 0 0 572,000,000 0     
          cash, cash equivalents and restricted cash at end of period
        		-204,000,000 269,000,000 -496,000,000 587,000,000 -1,079,000,000 1,224,000,000 -1,000,000 -497,000,000 -657,000,000 1,254,000,000 93,000,000 -1,828,000,000 604,000,000 1,642,000,000 -997,000,000 1,716,000,000 -697,000,000 841,000,000 -427,000,000     
          supplemental disclosure of cash flow information:
        		                       
          income taxes paid
        		    21,000,000 -4,000,000 47,000,000 34,000,000 135,000,000 -72,000,000 1,000,000 27,000,000   85,000,000 197,000,000 168,000,000 -25,000,000 121,000,000 8,000,000   240,000,000 
          interest paid, net of amounts capitalized
        		241,000,000 396,000,000 106,000,000 189,000,000 203,000,000 172,000,000 182,000,000 154,000,000 199,000,000 148,000,000 186,000,000 140,000,000 161,000,000 115,000,000 167,000,000 101,000,000 184,000,000 95,000,000 184,000,000 85,000,000 66,000,000 75,000,000 122,000,000 
          accrued property, plant and equipment expenditures
        		-147,000,000 280,000,000 -6,000,000 289,000,000 -25,000,000 408,000,000 18,000,000 12,000,000 80,000,000 333,000,000 -1,000,000 -14,000,000 86,000,000 295,000,000 43,000,000 -21,000,000 51,000,000 258,000,000 -62,000,000     
          cash flows from operating activities
        		                       
          energy efficiency programs regulatory expenditures
        		 -186,000,000                      
          amortization of energy efficiency programs regulatory expenditures
        		 43,000,000                      
          prepayments
        		 176,000,000 -264,000,000 -10,000,000    66,000,000    109,000,000         65,000,000 35,000,000  
          net change in commercial paper and loans
        		 -520,000,000 200,000,000 -444,000,000 855,000,000 -425,000,000  -252,000,000 447,000,000 -200,000,000  172,000,000 -363,000,000 -593,000,000  1,005,000,000 35,000,000 -598,000,000  -43,000,000   -141,000,000 
          repayment of long-term debt
        		 -1,800,000,000                      
          net income taxes paid
        		 26,000,000                      
          benefit from deferred income taxes and itc
        		  20,000,000 -21,000,000                 4,000,000 6,000,000  
          accounts receivable and unbilled revenues
        		  -20,000,000 -107,000,000                 -98,000,000 -86,000,000  
          materials and supplies
        		  13,000,000 4,000,000                 -10,000,000 -4,000,000  
          accounts payable
        		  129,000,000 -67,000,000                 -15,000,000 -14,000,000  
          accounts receivable/payable—affiliated companies
        		  -118,000,000 115,000,000                    
          losses on asset dispositions and impairments
        		           52,000,000 -5,000,000 43,000,000          
          emission allowances and renewable energy credit (rec) compliance accrual
        		      -1,000,000 -1,000,000 2,000,000 3,000,000 5,000,000 10,000,000 12,000,000 28,000,000 22,000,000 34,000,000 39,000,000 43,000,000 36,000,000     
          contributions to equity method investments
        		                       
          payments for share repurchase program
        		          0 0 0 -500,000,000          
          proceeds from sales of long-lived assets
        		       0 0 20,000,000  24,000,000 0 1,890,000,000          
          payment of short-term loans
        		       -250,000,000 -1,250,000,000 -750,000,000  -1,250,000,000 0 -1,250,000,000  0 0 -300,000,000      
          payment of long-term debt
        		    -750,000,000 -250,000,000  -325,000,000                
          loss on extinguishment of debt
        		                       
          premium paid on early extinguishment of debt
        		                       
          net change in regulatory assets and liabilities
        		       -56,000,000 -124,000,000 -65,000,000 -117,000,000 -11,000,000 -66,000,000 -122,000,000 -224,000,000 -23,000,000 4,000,000 -28,000,000 -105,000,000     
          (gains) losses on asset dispositions and impairments
        		              22,000,000 2,158,000,000        
          benefit from deferred income taxes (other than leases) and itc
        		              138,000,000 -750,000,000   99,000,000 -152,000,000   -79,000,000 
          leveraged lease (income), (gains) and losses, adjusted for rents received and deferred taxes
        		          -6,000,000 -4,000,000 -6,000,000 31,000,000 -18,000,000 1,000,000 -10,000,000 16,000,000 20,000,000     
          net realized and unrealized (gains) losses on energy contracts and other derivatives
        		              -382,000,000 665,000,000   -1,000,000 8,000,000    
          net (gains) losses and income from ndt fund
        		              -75,000,000 4,000,000   -171,000,000     
          provision for deferred income taxes (other than leases) and itc
        		           -81,000,000 -45,000,000 -340,000,000    96,000,000      
          purchase of emissions allowances and recs
        		                       
          purchase of emission allowances and recs
        		               -49,000,000 -22,000,000 -12,000,000      
          (gain) loss on asset dispositions
        		                  -1,000,000     
          proceeds from short-term loan
        		                       
          loss on asset dispositions
        		                       
          leveraged lease loss, adjusted for rents received and deferred taxes
        		                       
          net loss on lease investments
        		                       
          impairment costs for early plant retirements
        		                       
          non-cash employee benefit plan costs
        		                   53,000,000 54,000,000 59,000,000 45,000,000 
          leveraged lease income, adjusted for rents received and deferred taxes
        		                   -11,000,000   41,000,000 
          gain on sale of hudson and mercer units
        		                       
          net (gain) loss on lease investments
        		                       
          net change in certain current assets and liabilities
        		                   455,000,000    
          gain on disposal of discontinued operations
        		                   -81,000,000    
          lease transaction reserves, net of tax
        		                       
          over (under) recovery of electric energy costs (bgs and ntc) and gas costs
        		                   31,000,000    
          over
        		                   23,000,000    
          market transition charge refund
        		                       
          net realized (gains) losses and income from ndt funds
        		                   -60,000,000    
          net change in tax receivable
        		                   441,000,000    
          proceeds from sale of discontinued operations
        		                   351,000,000   0 
          proceeds from the sale of capital leases and investments
        		                       
          proceeds from sales of available-for-sale securities
        		                   315,000,000    
          investments in available-for-sale securities
        		                   -331,000,000    
          restricted funds
        		                      -26,000,000 
          repayment of non-recourse debt
        		                   -1,000,000   -11,000,000 
          redemption of securitization debt
        		                   -46,000,000 -44,000,000 -42,000,000  
          premium paid on debt exchange/redemption
        		                       
          redemption of preferred securities
        		                    -80,000,000   
          net increase in cash and cash equivalents
        		                   620,000,000 -194,000,000 -46,000,000 251,000,000 
          cash and cash equivalents at beginning of period
        		                   280,000,000 240,000,000 91,000,000 0 
          cash and cash equivalents at end of period
        		                   900,000,000 46,000,000 45,000,000 251,000,000 
          purchase of common treasury stock
        		                       
          non-cash interest expense
        		                    1,000,000   
          over recovery of electric energy costs
        		                    4,000,000 20,000,000  
          over recovery of gas costs
        		                    4,000,000   
          over recovery of sbc
        		                    30,000,000 44,000,000  
          net changes in certain current assets and liabilities:
        		                       
          accrued interest
        		                    7,000,000 1,000,000  
          accounts receivable/payable-affiliated companies
        		                    -77,000,000 -62,000,000  
          solar loan investments
        		                    -6,000,000   
          net change in short-term debt
        		                     -19,000,000  
          deferred issuance costs
        		                    -4,000,000   
          preferred stock dividends
        		                    -1,000,000 -1,000,000  
          income taxes received
        		                    -3,000,000 -12,000,000  
          (gain) loss on disposal and impairment on equity method investments
        		                       
          gain on sale of investments
        		                       
          undistributed earnings from affiliates
        		                       
          realized and unrealized (gains) losses on energy contracts and other derivatives
        		                       
          under recovery of electric energy costs (bgs and ntc) and gas costs
        		                       
          settlement for spent nuclear fuel claim
        		                       
          proceeds from sale of property, plant and equipment
        		                      3,000,000 
          proceeds from ndt funds sales
        		                      392,000,000 
          investment in ndt funds
        		                      -391,000,000 
          ndt funds interest and dividends
        		                      10,000,000 
          issuance of non-recourse debt
        		                       
          issuance of common stock
        		                      14,000,000 
          redemptions of long-term debt
        		                       
          net premium paid on early extinguishment of debt
        		                       
          premium paid on debt exchange
        		                       
          redemption of debt underlying trust securities
        		                       
          over (under) recovery of gas costs
        		                     40,000,000  
          gain on disposition of property, plant and equipment
        		                       
          gain on disposal of discontinued operations, net of tax
        		                       
          (gain) loss on sale of investments
        		                      3,000,000 
          equity in earnings of affiliates less dividends received
        		                       
          foreign currency transaction loss
        		                      7,000,000 
          realized and unrealized losses (gains) on energy contracts and other derivatives
        		                       
          (under) over recovery of electric energy costs (bgs and ntc) and gas costs
        		                      36,000,000 
          under recovery of societal benefits charge
        		                      -12,000,000 
          net realized gains and income from ndt funds
        		                      -7,000,000 
          other non-cash charges
        		                      3,000,000 
          net change in working capital
        		                      -34,000,000 
          investment income and dividend distributions from partnerships
        		                      2,000,000 
          proceeds from the sale of investments and return of capital from partnerships
        		                      8,000,000 
          repayment of securitization debt
        		                       
          effect of exchange rate change
        		                       
          equity in earnings of affiliates less than dividends received
        		                       
          unrealized losses (gains) on energy contracts and other derivatives
        		                       
          (gain) loss on disposal of discontinued operations, net of tax
        		                       
          foreign currency transaction gain
        		                       
          unrealized gains on energy contracts and other derivatives
        		                       
          over recovery of electric energy costs (bgs and ntc) and gas costs
        		                       
          proceeds from the withdrawal of partnership interests and other distributions