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Financing Receivables (Tables) | 3 Months Ended
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Mar. 31, 2020
Public Service Electric and Gas Company [Member] |
Schedule of Financial Receivables [Line Items] |
Schedule Of Credit Risk Profile Based On Payment Activity |
| Outstanding Loans by Class of Customer |
|  |  | As of |  | As of |
| Consumer Loans |  | March 31, 2020 |  | December 31, 2019 |
|  |  | Millions |
| Commercial/Industrial |  | $ | 154 |  |  | $ | 156 |  |
| Residential |  | 8 |  |  | 8 |  |
| Total |  | $ | 162 |  |  | $ | 164 |  |
| Current Portion (included in Accounts Receivable) |  | (26 | ) |  | (28 | ) |
| Noncurrent Portion (included in Long-Term Investments) |  | $ | 136 |  |  | $ | 136 |  |
The solar loans originated under three Solar Loan Programs comprised as follows:
| Programs |  | Balance as of March 31, 2020 |  | Funding Provided |  | Residential Loan Term |  | Non-Residential Loan Term |
|  |  | Millions |  |  |  |  |  |  |
| Solar Loan I |  | $ | 26 |  |  | prior to 2013 |  | 10 years |  | 15 years |
| Solar Loan II |  | 82 |  |  | prior to 2015 |  | 10 years |  | 15 years |
| Solar Loan III |  | 54 |  |  | largely funded as of December 31, 2019 |  | 10 years |  | 10 years |
| Total |  | $ | 162 |  |  |  |  |  |  |  |
The average life of loans paid in full is seven years, which is lower than the loan terms of 10 to 15 years due to the generation of SRECs being greater than expected. Payments on all outstanding loans were current as of March 31, 2020 and have an average remaining life of approximately four years.
Energy Holdings [Member] |
Schedule of Financial Receivables [Line Items] |
Schedule Of Gross And Net Lease Investment | The following table shows Energy Holdings’ gross and net lease investment as of March 31, 2020 and December 31, 2019.
|  | As of |  | As of |
|  | March 31, 2020 |  | December 31, 2019 |
|  | Millions |
| Lease Receivables (net of Non-Recourse Debt) | $ | 470 |  |  | $ | 498 |  |
| Estimated Residual Value of Leased Assets | 198 |  |  | 202 |  |
| Total Investment in Rental Receivables | 668 |  |  | 700 |  |
| Unearned and Deferred Income | (197 | ) |  | (203 | ) |
| Gross Investments in Leases | 471 |  |  | 497 |  |
| Deferred Tax Liabilities | (325 | ) |  | (328 | ) |
| Net Investments in Leases | $ | 146 |  |  | $ | 169 |  |
Schedule Of Lease Receivables, Net Of Nonrecourse Debt, Associated With Leveraged Lease Portfolio Based On Counterparty Credit Rating | The corresponding receivables associated with the lease portfolio are reflected as follows, net of non-recourse debt. The ratings in the table represent the ratings of the entities providing payment assurance to Energy Holdings.
|  |  | Lease Receivables, Net of Non-Recourse Debt |
| Counterparties’ Credit Rating Standard and Poor’s (S&P) as of March 31, 2020 |  |  |
|  | As of March 31, 2020 |
|  |  | Millions |
| AA |  | $ | 9 |  |
| A- |  | 54 |  |
| BBB+ to BBB |  | 237 |  |
| BB |  | 132 |  |
| NR |  | 38 |  |
| Total |  | $ | 470 |  |
Schedule Of Assets Under Lease Receivables | A more detailed description of such assets under lease is presented in the following table.
| Asset |  | Location |  | Gross Investment |  | % Owned |  | Total MW |  | Fuel Type |  | Counterparties’ S&P Credit Ratings |  | Counterparty |
|  |  |  |  | Millions |  |  |  |  |  |  |  |  |  |  |
| Powerton Station Units 5 and 6 |  | IL |  | $ | 75 |  |  | 64 | % |  | 1,538 |  |  | Coal |  | BB |  | NRG Energy, Inc. |
| Joliet Station Units 7 and 8 |  | IL |  | $ | 85 |  |  | 64 | % |  | 1,036 |  |  | Gas |  | BB |  | NRG Energy, Inc. |
| Shawville Station Units 1, 2, 3 and 4 |  | PA |  | $ | 75 |  |  | 100 | % |  | 596 |  |  | Gas |  | NR |  | Shawville Power, LLC |

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