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Financial Risk Management Activities (Narrative) (Detail) $ in Millions | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2016 USD ($) Counterparty | Sep. 30, 2015 USD ($) | Sep. 30, 2016 USD ($) Counterparty | Sep. 30, 2015 USD ($) | Dec. 31, 2015 USD ($)
Derivatives, Fair Value [Line Items] |  |  |  |  |  |
Net cash collateral received in connection with net derivative contracts |  | $ (18) |  | $ (18) |  | $ (55)
Aggregate fair value of derivative contracts in a liability position that contains triggers for additional collateral |  | 42 |  | 42 |  | 78
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax |  | 2 |  | 2 |  |
Power [Member] |  |  |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |  |  |
Net exposure |  | 282 |  | 282 |  |
Net cash collateral received in connection with net derivative contracts | [1],[2] | $ (18) |  | $ (18) |  | (55)
Number of active counterparties on credit risk derivatives | Counterparty |  | 135 |  | 135 |  |
Power [Member] | Senior Notes 3.00% Due June 2021 [Member] |  |  |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |  |  |
Stated interest rate of debt instrument |  | 3.00% |  | 3.00% |  |
Debt Instrument, Face Amount |  | $ 700 |  | $ 700 |  |
PSEG [Member] |  |  |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |  |  |
Fair value of interest rate swaps designated as underlying hedges |  |  |  |  |  | 6
Aggregate fair value of derivative contracts in a liability position that contains triggers for additional collateral |  | 11 |  | 11 |  | 12
Additional collateral aggregate fair value |  | 31 |  | 31 |  | 66
Amount of reduction in interest expense attributed to interest rate swaps designated as fair value hedges |  | (2) | $ (5) | (6) | $ (15) |
Gain (Loss) on Hedging Activity |  | 2 |  |  |  |
PSEG [Member] | Loans Payable [Member] |  |  |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |  |  |
Long-term Debt, Gross |  | 500 |  | 500 |  |
Non Current Assets [Member] |  |  |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |  |  |
Net cash collateral received in connection with net derivative contracts |  | (14) |  | (14) |  | $ (16)
Investment Grade - External Rating [Member] | Power [Member] |  |  |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |  |  |
Net exposure |  | 249 |  | $ 249 |  |
Credit exposure, percentage |  |  |  | 92.00% |  |
Fair Value Hedging [Member] | PSEG [Member] |  |  |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |  |  |
Aggregate amount of series of interest rate swaps converting to variable-rate debt |  | 550 |  | $ 550 |  |
Cash Flow Hedging [Member] | PSEG [Member] |  |  |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |  |  |
Aggregate amount of series of interest rate swaps converting to variable-rate debt |  | 500 |  | 500 |  |
Cash Flow Hedging [Member] | PSEG [Member] | Senior Notes 3.00% Due June 2021 [Member] |  |  |  |  |  |
Derivatives, Fair Value [Line Items] |  |  |  |  |  |
Aggregate amount of series of interest rate swaps converting to variable-rate debt |  | $ 400 |  | $ 400 |  |
[1] | Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of collateral. All cash collateral received or posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of September 30, 2016 and December 31, 2015, net cash collateral (received) paid of $(18) million and $(55) million, respectively, were netted against the corresponding net derivative contract positions. Of the $(18) million as of September 30, 2016, $(13) million and $(14) million of cash collateral were netted against current assets and noncurrent assets, respectively, and $9 million was netted against current liabilities. Of the $(55) million as of December 31, 2015, $(53) million and $(16) million were netted against current assets and noncurrent assets, respectively, and $12 million and $2 million were netted against current liabilities and noncurrent liabilities, respectively.
[2] | Substantially all of Power’s and PSEG’s derivative instruments are contracts subject to master netting agreements. Contracts not subject to master netting or similar agreements are immaterial and did not have any collateral posted or received as of September 30, 2016 and December 31, 2015. PSE&G does not have any derivative contracts subject to master netting or similar agreements.

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