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Goodwill And Other Intangibles | 12 Months Ended
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Dec. 31, 2020
Goodwill [Line Items] |
Goodwill And Other Intangibles | Goodwill and Other Intangibles In 2019, PSEG Power determined its fair value using a market-based enterprise valuation technique. Based on the results of the annual impairment test, PSEG Power determined that its entire goodwill was impaired and recorded a loss of $16 million in O&M Expense. The decrease in the fair value was primarily due to the continued decline in wholesale power market pricing. As of December 31, 2020 and 2019, PSEG Power had intangible assets of $158 million and $149 million, respectively, related to emissions allowances and RECs. Emissions allowances and RECs are recorded at cost and evaluated for impairment at least annually. Emissions expense includes impairments of emissions allowances, if any, and costs for emissions, which is recorded as emissions occur. As load is served under contracts requiring energy from renewable sources, the related expense is recorded. The changes to PSEG Power’s intangible assets during 2019 and 2020 are as follows:
|  |  | Emissions Allowances |  | RECs |  | Total Other Intangibles |
|  |  | Millions |
| Balance as of January 1, 2019 |  | $ | 84 |  |  | $ | 59 |  |  | $ | 143 |  |
| Retirements |  | (6) |  |  | (83) |  |  | (89) |  |
| Purchases |  | 26 |  |  | 72 |  |  | 98 |  |
| Sales and Transfers, net |  | — |  |  | (3) |  |  | (3) |  |
| Balance as of December 31, 2019 |  | $ | 104 |  |  | $ | 45 |  |  | $ | 149 |  |
| Retirements |  | (9) |  |  | (93) |  |  | (102) |  |
| Purchases |  | 17 |  |  | 94 |  |  | 111 |  |
| Balance as of December 31, 2020 |  | $ | 112 |  |  | $ | 46 |  |  | $ | 158 |  |
PSEG Power LLC |
Goodwill [Line Items] |
Goodwill And Other Intangibles | Goodwill and Other Intangibles In 2019, PSEG Power determined its fair value using a market-based enterprise valuation technique. Based on the results of the annual impairment test, PSEG Power determined that its entire goodwill was impaired and recorded a loss of $16 million in O&M Expense. The decrease in the fair value was primarily due to the continued decline in wholesale power market pricing. As of December 31, 2020 and 2019, PSEG Power had intangible assets of $158 million and $149 million, respectively, related to emissions allowances and RECs. Emissions allowances and RECs are recorded at cost and evaluated for impairment at least annually. Emissions expense includes impairments of emissions allowances, if any, and costs for emissions, which is recorded as emissions occur. As load is served under contracts requiring energy from renewable sources, the related expense is recorded. The changes to PSEG Power’s intangible assets during 2019 and 2020 are as follows:
|  |  | Emissions Allowances |  | RECs |  | Total Other Intangibles |
|  |  | Millions |
| Balance as of January 1, 2019 |  | $ | 84 |  |  | $ | 59 |  |  | $ | 143 |  |
| Retirements |  | (6) |  |  | (83) |  |  | (89) |  |
| Purchases |  | 26 |  |  | 72 |  |  | 98 |  |
| Sales and Transfers, net |  | — |  |  | (3) |  |  | (3) |  |
| Balance as of December 31, 2019 |  | $ | 104 |  |  | $ | 45 |  |  | $ | 149 |  |
| Retirements |  | (9) |  |  | (93) |  |  | (102) |  |
| Purchases |  | 17 |  |  | 94 |  |  | 111 |  |
| Balance as of December 31, 2020 |  | $ | 112 |  |  | $ | 46 |  |  | $ | 158 |  |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Details
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