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v3.22.2

Revenues Revenues (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2022 |  |  |  |  |  |  |  |
| Revenues from Contracts with Customers |  |  |  |  |  |  |  |
| Electric Distribution | $ | 836 |  |  | $ | — |  |  | $ | — |  |  | $ | 836 |  |
| Gas Distribution | 317 |  |  | — |  |  | — |  |  | 317 |  |
| Transmission | 396 |  |  | — |  |  | — |  |  | 396 |  |
| Electricity and Related Product Sales |  |  |  |  |  |  |  |
| PJM |  |  |  |  |  |  |  |
| Third-Party Sales | — |  |  | 475 |  |  | — |  |  | 475 |  |
| Sales to Affiliates | — |  |  | 35 |  |  | (35) |  |  | — |  |
| New York ISO | — |  |  | — |  |  | — |  |  | — |  |
| ISO New England | — |  |  | 3 |  |  | — |  |  | 3 |  |
| Gas Sales |  |  |  |  |  |  |  |
| Third-Party Sales | — |  |  | 77 |  |  | — |  |  | 77 |  |
| Sales to Affiliates | — |  |  | 202 |  |  | (202) |  |  | — |  |
| Other Revenues from Contracts with Customers (B) | 94 |  |  | 150 |  |  | — |  |  | 244 |  |
| Total Revenues from Contracts with Customers | 1,643 |  |  | 942 |  |  | (237) |  |  | 2,348 |  |
| Revenues Unrelated to Contracts with Customers (C) | 25 |  |  | (297) |  |  | — |  |  | (272) |  |
| Total Operating Revenues | $ | 1,668 |  |  | $ | 645 |  |  | $ | (237) |  |  | $ | 2,076 |  |
|  | PSE&G |  | Other (A) |  | Eliminations |  | Consolidated |
|  | Millions |
| Six Months Ended June 30, 2022 |  |  |  |  |  |  |  |
| Revenues from Contracts with Customers |  |  |  |  |  |  |  |
| Electric Distribution | $ | 1,556 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,556 |  |
| Gas Distribution | 1,364 |  |  | — |  |  | (1) |  |  | 1,363 |  |
| Transmission | 788 |  |  | — |  |  | — |  |  | 788 |  |
| Electricity and Related Product Sales |  |  |  |  |  |  |  |
| PJM |  |  |  |  |  |  |  |
| Third-Party Sales | — |  |  | 1,057 |  |  | — |  |  | 1,057 |  |
| Sales to Affiliates | — |  |  | 91 |  |  | (91) |  |  | — |  |
| New York ISO | — |  |  | 88 |  |  | — |  |  | 88 |  |
| ISO New England | — |  |  | 89 |  |  | — |  |  | 89 |  |
| Gas Sales |  |  |  |  |  |  |  |
| Third-Party Sales | — |  |  | 213 |  |  | — |  |  | 213 |  |
| Sales to Affiliates | — |  |  | 728 |  |  | (728) |  |  | — |  |
| Other Revenues from Contracts with Customers (B) | 179 |  |  | 296 |  |  | (1) |  |  | 474 |  |
| Total Revenues from Contracts with Customers | 3,887 |  |  | 2,562 |  |  | (821) |  |  | 5,628 |  |
| Revenues Unrelated to Contracts with Customers (C) | 65 |  |  | (1,304) |  |  | — |  |  | (1,239) |  |
| Total Operating Revenues | $ | 3,952 |  |  | $ | 1,258 |  |  | $ | (821) |  |  | $ | 4,389 |  |
|  | PSE&G |  | Other (A) |  | Eliminations |  | Consolidated |
|  | Millions |
| Three Months Ended June 30, 2021 |  |  |  |  |  |  |  |
| Revenues from Contracts with Customers |  |  |  |  |  |  |  |
| Electric Distribution | $ | 765 |  |  | $ | — |  |  | $ | — |  |  | $ | 765 |  |
| Gas Distribution | 256 |  |  | — |  |  | (2) |  |  | 254 |  |
| Transmission | 405 |  |  | — |  |  | — |  |  | 405 |  |
| Electricity and Related Product Sales |  |  |  |  |  |  |  |
| PJM |  |  |  |  |  |  |  |
| Third-Party Sales | — |  |  | 408 |  |  | — |  |  | 408 |  |
| Sales to Affiliates | — |  |  | 62 |  |  | (62) |  |  | — |  |
| New York ISO | — |  |  | 49 |  |  | — |  |  | 49 |  |
| ISO New England | — |  |  | 18 |  |  | — |  |  | 18 |  |
| Gas Sales |  |  |  |  |  |  |  |
| Third-Party Sales | — |  |  | 28 |  |  | — |  |  | 28 |  |
| Sales to Affiliates | — |  |  | 110 |  |  | (110) |  |  | — |  |
| Other Revenues from Contracts with Customers (B) | 81 |  |  | 157 |  |  | (1) |  |  | 237 |  |
| Total Revenues from Contracts with Customers | 1,507 |  |  | 832 |  |  | (175) |  |  | 2,164 |  |
| Revenues Unrelated to Contracts with Customers (C) | 7 |  |  | (297) |  |  | — |  |  | (290) |  |
| Total Operating Revenues | $ | 1,514 |  |  | $ | 535 |  |  | $ | (175) |  |  | $ | 1,874 |  |
|  | PSE&G |  | Other (A) |  | Eliminations |  | Consolidated |
|  | Millions |
| Six Months Ended June 30, 2021 |  |  |  |  |  |  |  |
| Revenues from Contracts with Customers |  |  |  |  |  |  |  |
| Electric Distribution | $ | 1,472 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,472 |  |
| Gas Distribution | 1,152 |  |  | — |  |  | (5) |  |  | 1,147 |  |
| Transmission | 804 |  |  | — |  |  | — |  |  | 804 |  |
| Electricity and Related Product Sales |  |  |  |  |  |  |  |
| PJM |  |  |  |  |  |  |  |
| Third-Party Sales | — |  |  | 879 |  |  | — |  |  | 879 |  |
| Sales to Affiliates | — |  |  | 150 |  |  | (150) |  |  | — |  |
| New York ISO | — |  |  | 97 |  |  | — |  |  | 97 |  |
| ISO New England | — |  |  | 69 |  |  | — |  |  | 69 |  |
| Gas Sales |  |  |  |  |  |  |  |
| Third-Party Sales | — |  |  | 88 |  |  | — |  |  | 88 |  |
| Sales to Affiliates | — |  |  | 520 |  |  | (520) |  |  | — |  |
| Other Revenues from Contracts with Customers (B) | 156 |  |  | 308 |  |  | (2) |  |  | 462 |  |
| Total Revenues from Contracts with Customers | 3,584 |  |  | 2,111 |  |  | (677) |  |  | 5,018 |  |
| Revenues Unrelated to Contracts with Customers (C) | 3 |  |  | (258) |  |  | — |  |  | (255) |  |
| Total Operating Revenues | $ | 3,587 |  |  | $ | 1,853 |  |  | $ | (677) |  |  | $ | 4,763 |  |
(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 alternative revenues at PSE&G primarily from the CIP program in 2022 and derivative contracts and lease contracts in 2022 and 2021 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 and six months ended June 30, 2022 and 2021:
|  |  |  | Three Months Ended |
|  |  |  | June 30, 2022 |
|  |  |  | Millions |
| Balance as of March 31, 2022 |  | $ | 351 |  |
| Utility Customer and Other Accounts |  |  |
|  | Provision |  | 6 |  |
|  | Write-offs, net of Recoveries of $14 million |  | (22) |  |
| Balance as of June 30, 2022 |  | $ | 335 |  |
|  |  |  | Six Months Ended |
|  |  |  | June 30, 2022 |
|  |  |  | Millions |
| Balance as of January 1, 2022 |  | $ | 337 |  |
| Utility Customer and Other Accounts |  |  |
|  | Provision |  | 39 |  |
|  | Write-offs, net of Recoveries of $22 million |  | (41) |  |
| Balance as of June 30, 2022 |  | $ | 335 |  |
|  |  |  | Three Months Ended |
|  |  |  | June 30, 2021 |
|  |  |  | Millions |
| Balance as of March 31, 2021 |  | $ | 239 |  |
| Utility Customer and Other Accounts |  |  |
|  | Provision |  | 34 |  |
|  | Write-offs, net of Recoveries of $5 million |  | (13) |  |
| Balance as of June 30, 2021 |  | $ | 260 |  |
|  |  |  | Six Months Ended |
|  |  |  | June 30, 2021 |
|  |  |  | Millions |
| Balance as of January 1, 2021 |  | $ | 206 |  |
| Utility Customer and Other Accounts |  |  |
|  | Provision |  | 78 |  |
|  | Write-offs, net of Recoveries of $7 million |  | (24) |  |
| Balance as of June 30, 2021 |  | $ | 260 |  |
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 was 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 2022 to May 2023 |  | $97 |  | 3,300 |  |  |
| June 2023 to May 2024 |  | $49 |  | 3,700 |  |  |

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