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Commitments and Contingent Liabilities (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024 and December 31, 2023.
|  | As of |  | As of |
|  | March 31, 2024 |  | December 31, 2023 |
|  | Millions |
| Face Value of Outstanding Guarantees | $ | 1,351 |  |  | $ | 1,381 |  |
| Exposure under Current Guarantees | $ | 66 |  |  | $ | 118 |  |
| Letters of Credit Margin Posted | $ | 10 |  |  | $ | 10 |  |
| Letters of Credit Margin Received | $ | 39 |  |  | $ | 91 |  |
| Cash Deposited and Received |  |  |  |
| Counterparty Cash Collateral Deposited | $ | — |  |  | $ | — |  |
| Counterparty Cash Collateral Received | $ | (1) |  |  | $ | (2) |  |
| Net Broker Balance Deposited (Received) | $ | 282 |  |  | $ | 115 |  |
| Additional Amounts Posted |  |  |  |
| Other Letters of Credit | $ | 159 |  |  | $ | 180 |  |
Total Minimum Purchase Commitments | As of March 31, 2024, the total minimum purchase requirements included in these commitments were as follows:
| Fuel Type |  | PSEG Power’s Share of Commitments through 2028 |
|  |  | Millions |
| Nuclear Fuel |  |  |
| Uranium |  | $ | 373 |  |
| Enrichment |  | $ | 341 |  |
| Fabrication |  | $ | 183 |  |
| Natural Gas |  | $ | 1,214 |  |
Public Service Electric and Gas Company [Member] |
Loss Contingencies [Line Items] |
Contract For Anticipated BGS-Fixed Price Eligible Load |
|  | Auction Year |  |
|  | 2021 |  | 2022 |  | 2023 |  | 2024 |  |
| 36-Month Terms Ending | May 2024 |  | May 2025 |  | May 2026 |  | May 2027 | (A) |
| Load (MW) | 2,900 |  | 2,800 |  | 2,800 |  | 2,900 |  |
| $ per MWh | $64.80 |  | $76.30 |  | $93.11 |  | $80.88 |  |
(A)Prices set in the 2024 BGS auction will become effective on June 1, 2024 when the 2021 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. + References No definition available. + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4 + Details
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