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Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2021

PSEG Power [Member]

Loss Contingencies [Line Items]

Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions

The following table shows the face value of PSEG Power’s outstanding guarantees, current exposure and margin positions as of March 31, 2021 and December 31, 2020.

						As of						As of
						March 31, 2021						December 31, 2020
						Millions
			Face Value of Outstanding Guarantees			$	1,788					$	1,792
			Exposure under Current Guarantees			$	113					$	128
			Letters of Credit Margin Posted			$	112					$	128
			Letters of Credit Margin Received			$	51					$	45
			Cash Deposited and Received
			Counterparty Cash Collateral Deposited			$	—					$	—
			Counterparty Cash Collateral Received			$	(4)					$	(5)
			Net Broker Balance Deposited (Received)			$	102					$	59
			Additional Amounts Posted
			Other Letters of Credit			$	42					$	42

Total Minimum Purchase Commitments

As of March 31, 2021, the total minimum purchase requirements included in these commitments were as follows:

			Fuel Type						PSEG Power’s Share of Commitments through 2025
									Millions
			Nuclear Fuel
			Uranium						$	192
			Enrichment						$	345
			Fabrication						$	177
			Natural Gas						$	1,259

Public Service Electric and Gas Company [Member]

Loss Contingencies [Line Items]

Contract For Anticipated BGS-Fixed Price Eligible Load

						Auction Year
						2018						2019						2020						2021
			36-Month Terms Ending			May 2021						May 2022						May 2023						May 2024			(A)
			Load (MW)			2,900						2,800						2,800						2,900
			$ per MWh			$91.77						$98.04						$102.16						$64.80

(A)Prices set in the 2021 BGS auction will become effective on June 1, 2021 when the 2018 BGS auction agreements expire.

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- Definition

Tabular disclosure of key provisions of an arrangement under which the entity has agreed to purchase goods or services over a period of time greater than one year or the normal operating cycle, if longer, including the item for which expenditures will be made, minimum quantities, milestones, time period and committed amount.

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Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

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Tabular disclosure of information concerning the terms and significance of long term contracts to purchase power (generally referred to as purchase power agreements (PPAs) or power sale agreements (PSAs)) including date of contract expiration, share of plant output being purchased, estimated annual cost, annual minimum debt service payment required and amount of related long-term debt or lease obligations outstanding.

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