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Related-Party Transactions | 6 Months Ended
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Jun. 30, 2022
Related Party Transaction [Line Items] |
Related-Party Transactions | Related-Party Transactions The following discussion relates to intercompany transactions, which are eliminated during the PSEG consolidation process in accordance with GAAP. PSE&G The financial statements for PSE&G include transactions with related parties presented as follows:
|  | Three Months Ended |  | Six Months Ended |
|  | June 30, |  | June 30, |
| Related-Party Transactions | 2022 |  | 2021 |  | 2022 |  | 2021 |
|  | Millions |
| Billings from Affiliates: |  |  |  |  |  |  |  |
| Net Billings from PSEG Power (A) | $ | 232 |  |  | $ | 172 |  |  | $ | 812 |  |  | $ | 667 |  |
| Administrative Billings from Services (B) | 113 |  |  | 92 |  |  | 212 |  |  | 179 |  |
| Total Billings from Affiliates | $ | 345 |  |  | $ | 264 |  |  | $ | 1,024 |  |  | $ | 846 |  |
|  | As of |  | As of |
| Related-Party Transactions | June 30, 2022 |  | December 31, 2021 |
|  | Millions |
| Payable to PSEG Power (A) | $ | 144 |  |  | $ | 244 |  |
| Payable to Services (B) | 81 |  |  | 111 |  |
| Payable to PSEG (C) | 26 |  |  | 63 |  |
| Accounts Payable—Affiliated Companies | $ | 251 |  |  | $ | 418 |  |
| Noncurrent Payable to PSEG Power (A) | $ | 9 |  |  | $ | — |  |
| Working Capital Advances to Services (D) | $ | 33 |  |  | $ | 33 |  |
| Long-Term Accrued Taxes Payable | $ | 7 |  |  | $ | 6 |  |
(A)PSE&G has entered into a requirements contract with PSEG Power under which PSEG Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. PSEG Power has also entered into contracts to supply energy, capacity and ancillary services to PSE&G through the BGS auction process and sells ZECs to PSE&G under the ZEC program. As of June 1, 2022, PSEG Power has no BGS contracts supplying PSE&G. The rates in the BGS and BGSS contracts and for the ZEC sales are prescribed by the BPU. BGS and BGSS sales are billed and settled on a monthly basis. ZEC sales are billed on a monthly basis and settled annually following completion of each energy year. In addition, PSEG Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules. (B)Services provides and bills administrative services to PSE&G at cost. In addition, PSE&G has other payables to Services, including amounts related to certain common costs, which Services pays on behalf of PSE&G. (C)PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a stand-alone basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are NOLs and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits. (D)PSE&G has advanced working capital to Services. The amount is included in Other Noncurrent Assets on PSE&G’s Condensed Consolidated Balance Sheets.
Public Service Electric and Gas Company [Member] |
Related Party Transaction [Line Items] |
Related-Party Transactions | Related-Party Transactions The following discussion relates to intercompany transactions, which are eliminated during the PSEG consolidation process in accordance with GAAP. PSE&G The financial statements for PSE&G include transactions with related parties presented as follows:
|  | Three Months Ended |  | Six Months Ended |
|  | June 30, |  | June 30, |
| Related-Party Transactions | 2022 |  | 2021 |  | 2022 |  | 2021 |
|  | Millions |
| Billings from Affiliates: |  |  |  |  |  |  |  |
| Net Billings from PSEG Power (A) | $ | 232 |  |  | $ | 172 |  |  | $ | 812 |  |  | $ | 667 |  |
| Administrative Billings from Services (B) | 113 |  |  | 92 |  |  | 212 |  |  | 179 |  |
| Total Billings from Affiliates | $ | 345 |  |  | $ | 264 |  |  | $ | 1,024 |  |  | $ | 846 |  |
|  | As of |  | As of |
| Related-Party Transactions | June 30, 2022 |  | December 31, 2021 |
|  | Millions |
| Payable to PSEG Power (A) | $ | 144 |  |  | $ | 244 |  |
| Payable to Services (B) | 81 |  |  | 111 |  |
| Payable to PSEG (C) | 26 |  |  | 63 |  |
| Accounts Payable—Affiliated Companies | $ | 251 |  |  | $ | 418 |  |
| Noncurrent Payable to PSEG Power (A) | $ | 9 |  |  | $ | — |  |
| Working Capital Advances to Services (D) | $ | 33 |  |  | $ | 33 |  |
| Long-Term Accrued Taxes Payable | $ | 7 |  |  | $ | 6 |  |
(A)PSE&G has entered into a requirements contract with PSEG Power under which PSEG Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. PSEG Power has also entered into contracts to supply energy, capacity and ancillary services to PSE&G through the BGS auction process and sells ZECs to PSE&G under the ZEC program. As of June 1, 2022, PSEG Power has no BGS contracts supplying PSE&G. The rates in the BGS and BGSS contracts and for the ZEC sales are prescribed by the BPU. BGS and BGSS sales are billed and settled on a monthly basis. ZEC sales are billed on a monthly basis and settled annually following completion of each energy year. In addition, PSEG Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules. (B)Services provides and bills administrative services to PSE&G at cost. In addition, PSE&G has other payables to Services, including amounts related to certain common costs, which Services pays on behalf of PSE&G. (C)PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a stand-alone basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are NOLs and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits. (D)PSE&G has advanced working capital to Services. The amount is included in Other Noncurrent Assets on PSE&G’s Condensed Consolidated Balance Sheets.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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