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v3.19.3

Revenues Revenues (Tables) | 9 Months Ended
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Sep. 30, 2019
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue [Table Text Block] | Disaggregation of Revenues
|  | PSE&G |  | PSEG Power |  | Other |  | Eliminations |  | Consolidated |
|  | Millions |
| Three Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |
| Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |
| Electric Distribution | $ | 1,096 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,096 |  |
| Gas Distribution | 130 |  |  | — |  |  | — |  |  | (5 | ) |  | 125 |  |
| Transmission | 295 |  |  | — |  |  | — |  |  | — |  |  | 295 |  |
| Electricity and Related Product Sales |  |  |  |  |  |  |  |  |  |
| PJM |  |  |  |  |  |  |  |  |  |
| Third Party Sales | — |  |  | 488 |  |  | — |  |  | — |  |  | 488 |  |
| Sales to Affiliates | — |  |  | 160 |  |  | — |  |  | (160 | ) |  | — |  |
| New York ISO | — |  |  | 38 |  |  | — |  |  | — |  |  | 38 |  |
| ISO New England | — |  |  | 37 |  |  | — |  |  | — |  |  | 37 |  |
| Gas Sales |  |  |  |  |  |  |  |  |  |
| Third Party Sales | — |  |  | 12 |  |  | — |  |  | — |  |  | 12 |  |
| Sales to Affiliates | — |  |  | 58 |  |  | — |  |  | (58 | ) |  | — |  |
| Other Revenues from Contracts with Customers (A) | 64 |  |  | 13 |  |  | 141 |  |  | (1 | ) |  | 217 |  |
| Total Revenues from Contracts with Customers | 1,585 |  |  | 806 |  |  | 141 |  |  | (224 | ) |  | 2,308 |  |
| Revenues Unrelated to Contracts with Customers (B) | 19 |  |  | (35 | ) |  | 10 |  |  | — |  |  | (6 | ) |
| Total Operating Revenues | $ | 1,604 |  |  | $ | 771 |  |  | $ | 151 |  |  | $ | (224 | ) |  | $ | 2,302 |  |
|  | PSE&G |  | PSEG Power |  | Other |  | Eliminations |  | Consolidated |
|  | Millions |
| Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |
| Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |
| Electric Distribution | $ | 2,613 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,613 |  |
| Gas Distribution | 1,272 |  |  | — |  |  | — |  |  | (11 | ) |  | 1,261 |  |
| Transmission | 887 |  |  | — |  |  | — |  |  | — |  |  | 887 |  |
| Electricity and Related Product Sales |  |  |  |  |  |  |  |  |  |
| PJM |  |  |  |  |  |  |  |  |  |
| Third Party Sales | — |  |  | 1,426 |  |  | — |  |  | — |  |  | 1,426 |  |
| Sales to Affiliates | — |  |  | 416 |  |  | — |  |  | (416 | ) |  | — |  |
| New York ISO | — |  |  | 108 |  |  | — |  |  | — |  |  | 108 |  |
| ISO New England | — |  |  | 85 |  |  | — |  |  | — |  |  | 85 |  |
| Gas Sales |  |  |  |  |  |  |  |  |  |
| Third Party Sales | — |  |  | 70 |  |  | — |  |  | — |  |  | 70 |  |
| Sales to Affiliates | — |  |  | 639 |  |  | — |  |  | (639 | ) |  | — |  |
| Other Revenues from Contracts with Customers (A) | 196 |  |  | 37 |  |  | 406 |  |  | (3 | ) |  | 636 |  |
| Total Revenues from Contracts with Customers | 4,968 |  |  | 2,781 |  |  | 406 |  |  | (1,069 | ) |  | 7,086 |  |
| Revenues Unrelated to Contracts with Customers (B) | 50 |  |  | 489 |  |  | (27 | ) |  | — |  |  | 512 |  |
| Total Operating Revenues | $ | 5,018 |  |  | $ | 3,270 |  |  | $ | 379 |  |  | $ | (1,069 | ) |  | $ | 7,598 |  |
|  | PSE&G |  | PSEG Power |  | Other |  | Eliminations |  | Consolidated |
|  | Millions |
| Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |
| Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |
| Electric Distribution | $ | 1,072 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,072 |  |
| Gas Distribution | 142 |  |  | — |  |  | — |  |  | (6 | ) |  | 136 |  |
| Transmission | 312 |  |  | — |  |  | — |  |  | — |  |  | 312 |  |
| Electricity and Related Product Sales |  |  |  |  |  |  |  |  |  |
| PJM |  |  |  |  |  |  |  |  |  |
| Third Party Sales | — |  |  | 558 |  |  | — |  |  | — |  |  | 558 |  |
| Sales to Affiliates | — |  |  | 166 |  |  | — |  |  | (166 | ) |  | — |  |
| New York ISO | — |  |  | 56 |  |  | — |  |  | — |  |  | 56 |  |
| ISO New England | — |  |  | 12 |  |  | — |  |  | — |  |  | 12 |  |
| Gas Sales |  |  |  |  |  |  |  |  |  |
| Third Party Sales | — |  |  | 24 |  |  | — |  |  | — |  |  | 24 |  |
| Sales to Affiliates | — |  |  | 47 |  |  | — |  |  | (47 | ) |  | — |  |
| Other Revenues from Contracts with Customers (A) | 60 |  |  | 12 |  |  | 142 |  |  | (1 | ) |  | 213 |  |
| Total Revenues from Contracts with Customers | 1,586 |  |  | 875 |  |  | 142 |  |  | (220 | ) |  | 2,383 |  |
| Revenues Unrelated to Contracts with Customers (B) | 9 |  |  | (7 | ) |  | 9 |  |  | — |  |  | 11 |  |
| Total Operating Revenues | $ | 1,595 |  |  | $ | 868 |  |  | $ | 151 |  |  | $ | (220 | ) |  | $ | 2,394 |  |
|  | PSE&G |  | PSEG Power |  | Other |  | Eliminations |  | Consolidated |
|  | Millions |
| Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |
| Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |
| Electric Distribution | $ | 2,516 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,516 |  |
| Gas Distribution | 1,149 |  |  | — |  |  | — |  |  | (13 | ) |  | 1,136 |  |
| Transmission | 925 |  |  | — |  |  | — |  |  | — |  |  | 925 |  |
| Electricity and Related Product Sales |  |  |  |  |  |  |  |  |  |
| PJM |  |  |  |  |  |  |  |  |  |
| Third Party Sales | — |  |  | 1,429 |  |  | — |  |  | — |  |  | 1,429 |  |
| Sales to Affiliates | — |  |  | 489 |  |  | — |  |  | (489 | ) |  | — |  |
| New York ISO | — |  |  | 161 |  |  | — |  |  | — |  |  | 161 |  |
| ISO New England | — |  |  | 73 |  |  | — |  |  | — |  |  | 73 |  |
| Gas Sales |  |  |  |  |  |  |  |  |  |
| Third Party Sales | — |  |  | 118 |  |  | — |  |  | — |  |  | 118 |  |
| Sales to Affiliates | — |  |  | 552 |  |  | — |  |  | (552 | ) |  | — |  |
| Other Revenues from Contracts with Customers (A) | 195 |  |  | 35 |  |  | 404 |  |  | (3 | ) |  | 631 |  |
| Total Revenues from Contracts with Customers | 4,785 |  |  | 2,857 |  |  | 404 |  |  | (1,057 | ) |  | 6,989 |  |
| Revenues Unrelated to Contracts with Customers (B) | 41 |  |  | 181 |  |  | 17 |  |  | — |  |  | 239 |  |
| Total Operating Revenues | $ | 4,826 |  |  | $ | 3,038 |  |  | $ | 421 |  |  | $ | (1,057 | ) |  | $ | 7,228 |  |
(A) | Includes primarily revenues from appliance repair services at PSE&G, solar power projects and energy management and fuel service contracts with LIPA at PSEG Power, and PSEG LI’s OSA with LIPA in Other.
(B) Includes primarily alternative revenues at PSE&G, derivative contracts at PSEG Power, and lease contracts in Other.
Revenue, Capacity Auction Obligations [Table Text Block] | Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions—The Base Residual Auction is conducted annually three years in advance of the operating period. PSEG Power expects to realize the following average capacity prices resulting from the base and incremental auctions, including unit specific bilateral contracts for previously cleared capacity obligations. These numbers exclude cleared capacity associated with our ownership interests in the Keystone and Conemaugh generation plants that were sold in September 2019. For additional information see Note 4. Early Plant Retirements/Asset Dispositions.
| Delivery Year |  | $ per MW-Day |  | MW Cleared |
| June 2019 to May 2020 |  | $116 |  | 8,300 |  |
| June 2020 to May 2021 |  | $179 |  | 7,300 |  |
| June 2021 to May 2022 |  | $182 |  | 6,900 |  |
Capacity Payments from the New England ISO Forward Capacity Market—The Forward Capacity Market (FCM) Auction is conducted annually three years in advance of the operating period. The table below includes PSEG Power’s cleared capacity in the FCM Auction for the Bridgeport Harbor Station 5 (BH5), which cleared the 2019/2020 auction at $231/MW-day for seven years, and the planned retirement of Bridgeport Harbor Station 3 in 2021. PSEG Power expects to realize the following average capacity prices for capacity obligations to be satisfied resulting from the FCM auctions which have been completed:
| Delivery Year |  | $ per MW-Day (A) |  | MW Cleared |
| June 2019 to May 2020 |  | $231 |  | 1,330 |  |
| June 2020 to May 2021 |  | $195 |  | 1,330 |  |
| June 2021 to May 2022 |  | $192 |  | 950 |  |
| June 2022 to May 2023 |  | $179 |  | 950 |  |
| June 2023 to May 2024 |  | $231 |  | 480 |  |
| June 2024 to May 2025 |  | $231 |  | 480 |  |
| June 2025 to May 2026 |  | $231 |  | 480 |  |

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