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v3.22.1

Revenues Revenues (Tables) | 3 Months Ended
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Mar. 31, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue [Table Text Block] | gregation of Revenues
|  | PSE&G |  | Other (A) |  | Eliminations |  | Consolidated |
|  | Millions |
| Three Months Ended March 31, 2022 |  |  |  |  |  |  |  |
| Revenues from Contracts with Customers |  |  |  |  |  |  |  |
| Electric Distribution | $ | 720 |  |  | $ | — |  |  | $ | — |  |  | $ | 720 |  |
| Gas Distribution | 1,047 |  |  | — |  |  | (1) |  |  | 1,046 |  |
| Transmission | 392 |  |  | — |  |  | — |  |  | 392 |  |
| Electricity and Related Product Sales |  |  |  |  |  |  |  |
| PJM |  |  |  |  |  |  |  |
| Third-Party Sales | — |  |  | 582 |  |  | — |  |  | 582 |  |
| Sales to Affiliates | — |  |  | 56 |  |  | (56) |  |  | — |  |
| New York ISO | — |  |  | 88 |  |  | — |  |  | 88 |  |
| ISO New England | — |  |  | 86 |  |  | — |  |  | 86 |  |
| Gas Sales |  |  |  |  |  |  |  |
| Third-Party Sales | — |  |  | 136 |  |  | — |  |  | 136 |  |
| Sales to Affiliates | — |  |  | 526 |  |  | (526) |  |  | — |  |
| Other Revenues from Contracts with Customers (B) | 85 |  |  | 146 |  |  | (1) |  |  | 230 |  |
| Total Revenues from Contracts with Customers | 2,244 |  |  | 1,620 |  |  | (584) |  |  | 3,280 |  |
| Revenues Unrelated to Contracts with Customers (C) | 40 |  |  | (1,007) |  |  | — |  |  | (967) |  |
| Total Operating Revenues | $ | 2,284 |  |  | $ | 613 |  |  | $ | (584) |  |  | $ | 2,313 |  |
|  | PSE&G |  | Other (A) |  | 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 (B) | 75 |  |  | 151 |  |  | (1) |  |  | 225 |  |
| Total Revenues from Contracts with Customers | 2,077 |  |  | 1,279 |  |  | (502) |  |  | 2,854 |  |
| Revenues Unrelated to Contracts with Customers (C) | (4) |  |  | 39 |  |  | — |  |  | 35 |  |
| Total Operating Revenues | $ | 2,073 |  |  | $ | 1,318 |  |  | $ | (502) |  |  | $ | 2,889 |  |
(A)Other consists of revenues at PSEG Power, Energy Holdings and PSEG LI. (B)Includes primarily revenues from appliance repair services and the sale of SRECs at auction at PSE&G, PSEG Power’s energy management fee with LIPA and PSEG LI’s OSA with LIPA in Other. Other also includes PSEG Power’s solar power projects in 2021. (C)Includes primarily alternative revenues at PSE&G, derivative contracts 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, 2022 and 2021:
|  |  |  | 2022 |  | 2021 |
|  |  |  | Millions |
| Balance at Beginning of Year |  | $ | 337 |  |  | $ | 206 |  |
| Utility Customer and Other Accounts |  |  |  |  |
|  | Provision |  | 33 |  |  | 44 |  |
|  | Write-offs, net of Recoveries of $8 million and $2 million in 2022 and 2021, respectively |  | (19) |  |  | (11) |  |
| Balance at End of Period |  | $ | 351 |  |  | $ | 239 |  |
Other
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 MW-Day |  | MW Cleared |  |
| June 2021 to May 2022 |  | $142 |  | 3,700 |  |  |
| June 2022 to May 2023 |  | $97 |  | 3,300 |  |  |

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