XML 87 R80.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Changes In Level 3 Assets And (Liabilities) Measured At Fair Value On A Recurring Basis) (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
PSEG [Member]
Sep. 30, 2012
PSEG [Member]
Sep. 30, 2011
Power [Member]
Sep. 30, 2011
Power [Member]
Dec. 31, 2011
Power [Member]
Sep. 30, 2012
Net Derivative Assets (Liabilities) [Member]
PSEG [Member]
Sep. 30, 2011
Net Derivative Assets (Liabilities) [Member]
PSEG [Member]
Sep. 30, 2012
Net Derivative Assets (Liabilities) [Member]
PSEG [Member]
Sep. 30, 2011
Net Derivative Assets (Liabilities) [Member]
PSEG [Member]
Sep. 30, 2012
Net Derivative Assets (Liabilities) [Member]
Power [Member]
Sep. 30, 2011
Net Derivative Assets (Liabilities) [Member]
Power [Member]
Sep. 30, 2012
Net Derivative Assets (Liabilities) [Member]
Power [Member]
Sep. 30, 2011
Net Derivative Assets (Liabilities) [Member]
Power [Member]
Sep. 30, 2012
Net Derivative Assets (Liabilities) [Member]
PSE And G [Member]
Sep. 30, 2011
Net Derivative Assets (Liabilities) [Member]
PSE And G [Member]
Sep. 30, 2012
Net Derivative Assets (Liabilities) [Member]
PSE And G [Member]
Sep. 30, 2011
Net Derivative Assets (Liabilities) [Member]
PSE And G [Member]
Sep. 30, 2011
NDT Funds [Member]
PSEG [Member]
Sep. 30, 2011
NDT Funds [Member]
Power [Member]
Sep. 30, 2012
Non Recourse Debt [Member]
PSEG [Member]
Sep. 30, 2011
Non Recourse Debt [Member]
PSEG [Member]
Sep. 30, 2012
Non Recourse Debt [Member]
PSEG [Member]
Sep. 30, 2011
Non Recourse Debt [Member]
PSEG [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                                                      
Opening Balance                   $ 36 $ 3 $ (21) $ (47) $ (22) $ 4 $ (24) $ (42) $ 58 $ (1) $ 3 $ (5) $ (8) $ (8)     $ 50  
Included in Income                   (1) [1] 13 [1] 40 [2] (27) [2] (1) [1] 13 [1] 40 [2] (27) [2] 0 [1] 0 [1] 0 [2] 0 [2] 0 [2] 0 [2]     50 [2]  
Included in Regulatory Assets/Liabilities                   25 [3] (27) [3] (30) [3] (31) [3] 0 [3] 0 [3] 0 [3] 0 25 [3] (27) [3] (30) [3] (31) [3] 0 [3] 0 [3]     0 [3]  
Purchases, (Sales)                   0 [4] 10 [4] 0 [4] 29 [4] 0 [4] 10 [4] 0 [4] 29 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 [4]     0 [4]  
Issuances (Settlements)                   (9) [5] 3 [5] (52) [5] (22) [5] (9) [5] 3 [5] (52) [5] (22) [5] 0 [5] 0 [5] 0 [5] 0 [5] 0 [5] 0 [5]     0 [5]  
Transfers In (Out)                   0 [6] 0 [6] 0 [6] 0 [6] 0 [6] 0 [6] 0 [6] 0 [6] 0 [6] 0 [6] 0 [6] 0 [6] (8) [6] (8) [6] 0 0 0 [6] 0
Closing Balance                   21 4 21 4 (12) (22) (12) (22) 33 26 33 26 0 0 0   0  
Gains and losses attributable to changes in net derivative assets and liabilities, included in Operating Income         (1) 40 12 (28)                                      
Gains and losses attributable to changes in net derivative assets and liabilities, included in OCI       (2)     1                                        
Gains and losses attributable to changes in net derivative assets and liabilities, included in Income from Discontinued Operations   1   3                                              
Gains and losses attributable to changes in net derivative assets and liabilities, unrealized (10) 31 (12)           (25)                                    
Purchases 10   65                                                
Sales   0   36                                              
Issuances 0 5 0 25                                              
Settlements $ (9) $ 8 $ (52) $ 3                                              
[1] PSEG’s and Power’s gains and losses attributable to changes in net derivative assets and liabilities include $(1) million and $12 million in Operating Income in 2012 and 2011, respectively, $1 million in OCI and less than $1 million in Income from Discontinued Operations in 2011. Of the $(1) million in Operating Income in 2012, $(10) million is unrealized. Of the $12 million in Operating Income in 2011, $31 million is unrealized. Energy Holdings’ release from its obligations under the non-recourse debt is included in PSEG’s Operating Income and is offset by the write-off of the related assets.
[2] PSEG’s and Power’s gains and losses attributable to changes in net derivative assets and liabilities include $40 million and $(28) million in Operating Income in 2012 and 2011, respectively, $(2) million in OCI and $3 million in Income from Discontinued Operations in 2011. Of the $40 million in Operating Income in 2012, $(12) million is unrealized. Of the $(28) million in Operating Income in 2011, $(25) million is unrealized. Energy Holdings’ release from its obligations under the non-recourse debt is included in PSEG’s Operating Income and is offset by the write-off of the related assets.
[3] Mainly includes gains/losses on PSE&G’s derivative contracts that are not included in either earnings or OCI, as they are deferred as a Regulatory Asset/Liability and are expected to be recovered from/returned to PSE&G’s customers.
[4] Includes $10 million in purchases and $0 million in sales for the three months ended September 30, 2011. Includes $65 million in purchases and $(36) million in sales for the nine months months ended September 30, 2011.
[5] Includes $0 million and $(5) million in issuances and $(9) million and $8 million in settlements for the three months ended September 30, 2012 and 2011, respectively. Includes $0 million and $(25) million in issuances and $(52) million and $3 million in settlements for the nine months ended September 30, 2012 and 2011, respectively.
[6] There were no transfers among levels during the three months ended September 30, 2012 and 2011 and the nine months ended September 30, 2012. During the nine months ended September 30, 2011, $8 million of assets in the NDT fund were transferred from Level 3 to Level 2, due to more observable pricing for the underlying securities. The transfer was recognized as of the beginning of the first quarter (i.e. the quarter in which the transfer occurred), as per PSEG’s policy.