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Revenues Revenues (Tables)
 12 Months Ended
Dec. 31, 2021
Revenues [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregation of Revenues
PSE&GOther EliminationsConsolidated
Millions
Year Ended December 31, 2021
Revenues from Contracts with Customers
Electric Distribution$3,279 $— $— $3,279 
Gas Distribution1,875 — (13)1,862 
Transmission1,611 — — 1,611 
Electricity and Related Product Sales
PJM
Third-Party Sales
— 2,003 — 2,003 
Sales to Affiliates
— 265 (265)— 
NYISO— 247 — 247 
ISO-NE— 172 — 172 
Gas Sales
Third-Party Sales— 181 — 181 
Sales to Affiliates— 886 (886)— 
Other Revenues from Contracts with Customers (A)343 620 (3)960 
Total Revenues from Contracts with Customers7,108 4,374 (1,167)10,315 
Revenues Unrelated to Contracts with Customers (B)14 (607)— (593)
Total Operating Revenues$7,122 $3,767 $(1,167)$9,722 
PSE&GOther EliminationsConsolidated
Millions
Year Ended December 31, 2020
Revenues from Contracts with Customers
Electric Distribution$3,130 $— $— $3,130 
Gas Distribution1,646 — (12)1,634 
Transmission 1,485 — — 1,485 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 1,551 — 1,551 
         Sales to Affiliates— 447 (447)— 
NYISO— 124 — 124 
ISO-NE
— 126 — 126 
Gas Sales
Third-Party Sales— 83 — 83 
Sales to Affiliates— 771 (771)— 
Other Revenues from Contracts with Customers (A)338 632 (4)966 
Total Revenues from Contracts with Customers6,599 3,734 (1,234)9,099 
Revenues Unrelated to Contracts with Customers (B)9 495 — 504 
Total Operating Revenues$6,608 $4,229 $(1,234)$9,603 
PSE&GOther EliminationsConsolidated
Millions
Year Ended December 31, 2019
Revenues from Contracts with Customers
Electric Distribution$3,224 $— $— $3,224 
Gas Distribution1,870 — (15)1,855 
Transmission 1,181 — — 1,181 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 1,785 — 1,785 
         Sales to Affiliates— 536 (536)— 
NYISO— 143 — 143 
ISO-NE
— 137 — 137 
Gas Sales
Third-Party Sales— 92 — 92 
Sales to Affiliates— 927 (927)— 
Other Revenues from Contracts with Customers (A)284 612 (5)891 
Total Revenues from Contracts with Customers6,559 4,232 (1,483)9,308 
Revenues Unrelated to Contracts with Customers (B)66 702 — 768 
Total Operating Revenues$6,625 $4,934 $(1,483)$10,076 
(A)Includes primarily revenues from appliance repair services and the sale of SRECs at auction at PSE&G, PSEG Power’s solar power projects and energy management and fuel service contracts with LIPA and PSEG LI’s OSA with LIPA in Other.
(B)Includes primarily alternative revenues at PSE&G and derivative contracts and lease contracts in Other. For the years ended December 31, 2021, 2020 and 2019, Other includes losses of $9 million, $26 million and $58 million, respectively, related to Energy Holdings’ investments in leases. For additional information, see Note 9. Long-Term Investments.
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 was held in June 2021 and the 2023/2024 auction will be held in June 2022. 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 Megawatt (MW)-DayMW Cleared (A)
June 2021 to May 2022$1667,700 
June 2022 to May 2023$986,300 
(A)Of the existing MWs cleared, an approximate average of 3,500 MWs were transferred with the sale of PSEG Power’s fossil generation portfolio in February 2022.
Capacity Payments from the ISO-NE 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 or seven years, and the retirement of Bridgeport Harbor Station 3 effective May 31, 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 (B)
June 2021 to May 2022$192950 
June 2022 to May 2023$179950 
June 2023 to May 2024$152930 
June 2024 to May 2025$158950 
June 2025 to May 2026$231480 
(A)Capacity cleared prices for BH5 through 2026 will be escalated based upon the Handy-Whitman Index. These adjustments are not included above.    
(B)Of the existing MWs cleared, the majority of these MWs were transferred with the sale of PSEG Power’s fossil generation portfolio in February 2022.         
Bilateral capacity contracts—Capacity obligations pursuant to contract terms through 2029 are anticipated to result in revenues totaling $109 million. Approximately $44 million of these revenues were transferred with the sale of PSEG Power’s fossil generation portfolio.
The LIPA OSA is a 12-year services contract ending in 2025 with annual fixed and incentive components. The fixed fee for the provision of services thereunder in 2022 is approximately $70 million and is updated each year based on the change in the Consumer Price Index (CPI). See Note 15. Commitments and Contingent Liabilities for information related to the status of an amended OSA.
Accounts Receivable, Allowance for Credit Loss
The following provides a reconciliation of PSE&G’s allowance for credit losses for the years ended December 31, 2021 and 2020.
Years Ended December 31,
20212020
Millions
Balance at Beginning of Year $206 $68 (A)
Utility Customer and Other Accounts
     Provision195 175 
     Write-offs, net of Recoveries of $17 million and $5 million
(64)(37)
Balance at End of Year$337 $206 
(A)Includes an $8 million pre-tax increase upon adoption of ASU 2016-13.