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Revenues Revenues (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021
			Revenues from Contracts with Customers
			Electric Distribution			$	707					$	—					$	—					$	—					$	707
			Gas Distribution			896						—						—						(3)						893
			Transmission			399						—						—						—						399
			Electricity and Related Product Sales
			PJM
			Third-Party Sales			—						471						—						—						471
			Sales to Affiliates			—						88						—						(88)						—
			New York ISO			—						48						—						—						48
			ISO New England			—						51						—						—						51
			Gas Sales
			Third-Party Sales			—						60						—						—						60
			Sales to Affiliates			—						410						—						(410)						—
			Other Revenues from Contracts with Customers (A)			75						10						141						(1)						225
			Total Revenues from Contracts with Customers			2,077						1,138						141						(502)						2,854
			Revenues Unrelated to Contracts with Customers (B)			(4)						29						10						—						35
			Total Operating Revenues			$	2,073					$	1,167					$	151					$	(502)					$	2,889

						PSE&G						PSEG Power						Other						Eliminations						Consolidated
						Millions
			Three Months Ended March 31, 2020
			Revenues from Contracts with Customers
			Electric Distribution			$	649					$	—					$	—					$	—					$	649
			Gas Distribution			731						—						—						(2)						729
			Transmission			366						—						—						—						366
			Electricity and Related Product Sales
			PJM
			Third-Party Sales			—						368						—						—						368
			Sales to Affiliates			—						121						—						(121)						—
			New York ISO			—						25						—						—						25
			ISO New England			—						48						—						—						48
			Gas Sales
			Third-Party Sales			—						29						—						—						29
			Sales to Affiliates			—						354						—						(354)						—
			Other Revenues from Contracts with Customers (A)			82						10						144						(1)						235
			Total Revenues from Contracts with Customers			1,828						955						144						(478)						2,449
			Revenues Unrelated to Contracts with Customers (B)			55						265						12						—						332
			Total Operating Revenues			$	1,883					$	1,220					$	156					$	(478)					$	2,781

(A)Includes primarily revenues from appliance repair services and the sale of solar renewable energy certificates (SRECs) at auction 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 and lease contracts at PSEG Power, and lease contracts in Other.

Accounts Receivable, Allowance for Credit Loss [Table Text Block]

The following provides a reconciliation of PSE&G’s allowance for credit losses for the three months ended March 31, 2021 and 2020:

												2021						2020
												Millions
			Balance at Beginning of Year									$	206					$	68		(A)
			Utility Customer and Other Accounts
						Provision						44						32
						Write-offs, net of Recoveries of $2 million in 2021 and 2020						(11)						(20)
			Balance at End of Period									$	239					$	80

(A)Includes an $8 million pre-tax increase upon adoption of ASU 2016-13.

Revenue, Capacity Auction Obligations [Table Text Block]

Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions—The Base Residual Auction is generally conducted annually three years in advance of the operating period. The 2022/2023 auction is expected to be held in the first half of 2021. 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.

			Delivery Year						$ per MW-Day						MW Cleared
			June 2020 to May 2021						$167						7,600
			June 2021 to May 2022						$166						7,800

Capacity Payments from the ISO New England Forward Capacity Market (FCM)—The 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 May 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 through May 2025 and the seven-year rate lock for BH5 through May 2026:

			Delivery Year						$ per MW-Day (A)						MW Cleared
			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						$152						930
			June 2024 to May 2025						$158						950
			June 2025 to May 2026						$231						480

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

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