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Related-Party Transactions
 12 Months Ended
Dec. 31, 2014
Related Party Transaction [Line Items]  
Related-Party Transactions
Related-Party Transactions
The majority of 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:
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
2012
 
 
 
 
Millions
 
 
Expense Billings from Affiliates:
 
 
 
 
 
 
 
 
Billings from Power primarily through BGSS and BGS (A)
 
$
1,771

 
$
1,797

 
$
1,802

 
 
Administrative Billings from Services (B)
 
248

 
255

 
230

 
 
Total Expense Billings from Affiliates
 
$
2,019

 
$
2,052

 
$
2,032

 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
 
 
 
Millions
 
 
Payable to Power (A)
 
$
(313
)
 
$
(267
)
 
 
Receivable from (Payable to) Services (B)
 
(66
)
 
(73
)
 
 
Receivable from (Payable to) PSEG (C)
 
274

 
150

 
 
Accounts Receivable (Payable)—Affiliated Companies, net
 
$
(105
)
 
$
(190
)
 
 
Working Capital Advances to Services (D)
 
$
33

 
$
33

 
 
Long-Term Accrued Taxes Receivable (Payable)
 
$
(116
)
 
$
(72
)
 
 
 
 
 
 
 
 


Power
The financial statements for Power include transactions with related parties presented as follows:
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
2012
 
 
 
 
Millions
 
 
Revenue from Affiliates:
 
 
 
 
 
 
 
 
Billings to PSE&G primarily through BGSS and BGS (A)
 
$
1,771

 
$
1,797

 
$
1,802

 
 
Expense Billings from Affiliates:
 
 
 
 
 
 
 
 
Administrative Billings from Services (B)
 
$
165

 
$
178

 
$
154

 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
 
 
 
Millions
 
 
Receivables from PSE&G (A)
 
$
313

 
$
267

 
 
Receivable from (Payable to) Services (B)
 
(23
)
 
(31
)
 
 
Receivable from (Payable to) PSEG (C)
 
(95
)
 
97

 
 
Accounts Receivable (Payable)—Affiliated Companies, net
 
$
195

 
$
333

 
 
Short-Term Loan (to) from Affiliate (Demand Note (to) from PSEG) (E)
 
$
584

 
$
790

 
 
Working Capital Advances to Services (D)
 
$
17

 
$
17

 
 
Long-Term Accrued Taxes Receivable (Payable)
 
$
(41
)
 
$
(53
)
 
 
 
 
 
 
 
 

(A)
PSE&G has entered into a requirements contract with Power under which Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. Power has also entered into contracts to supply energy, capacity and ancillary services to PSE&G through the BGS auction process.
(B)
Services provides and bills administrative services to PSE&G and Power at cost. In addition, PSE&G and Power have other payables to Services, including amounts related to certain common costs, such as pension and OPEB costs, which Services pays on behalf of each of the operating companies.
(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 net operating losses 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 and Power have advanced working capital to Services. The amounts are included in Other Noncurrent Assets on PSE&G’s and Power’s Consolidated Balance Sheets.
(E)
Power’s short-term loans with PSEG are for working capital and other short-term needs. Interest Income and Interest Expense relating to these short-term funding activities were immaterial.
PSE&G [Member]  
Related Party Transaction [Line Items]  
Related-Party Transactions
Related-Party Transactions
The majority of 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:
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
2012
 
 
 
 
Millions
 
 
Expense Billings from Affiliates:
 
 
 
 
 
 
 
 
Billings from Power primarily through BGSS and BGS (A)
 
$
1,771

 
$
1,797

 
$
1,802

 
 
Administrative Billings from Services (B)
 
248

 
255

 
230

 
 
Total Expense Billings from Affiliates
 
$
2,019

 
$
2,052

 
$
2,032

 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
 
 
 
Millions
 
 
Payable to Power (A)
 
$
(313
)
 
$
(267
)
 
 
Receivable from (Payable to) Services (B)
 
(66
)
 
(73
)
 
 
Receivable from (Payable to) PSEG (C)
 
274

 
150

 
 
Accounts Receivable (Payable)—Affiliated Companies, net
 
$
(105
)
 
$
(190
)
 
 
Working Capital Advances to Services (D)
 
$
33

 
$
33

 
 
Long-Term Accrued Taxes Receivable (Payable)
 
$
(116
)
 
$
(72
)
 
 
 
 
 
 
 
 


Power
The financial statements for Power include transactions with related parties presented as follows:
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
2012
 
 
 
 
Millions
 
 
Revenue from Affiliates:
 
 
 
 
 
 
 
 
Billings to PSE&G primarily through BGSS and BGS (A)
 
$
1,771

 
$
1,797

 
$
1,802

 
 
Expense Billings from Affiliates:
 
 
 
 
 
 
 
 
Administrative Billings from Services (B)
 
$
165

 
$
178

 
$
154

 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
 
 
 
Millions
 
 
Receivables from PSE&G (A)
 
$
313

 
$
267

 
 
Receivable from (Payable to) Services (B)
 
(23
)
 
(31
)
 
 
Receivable from (Payable to) PSEG (C)
 
(95
)
 
97

 
 
Accounts Receivable (Payable)—Affiliated Companies, net
 
$
195

 
$
333

 
 
Short-Term Loan (to) from Affiliate (Demand Note (to) from PSEG) (E)
 
$
584

 
$
790

 
 
Working Capital Advances to Services (D)
 
$
17

 
$
17

 
 
Long-Term Accrued Taxes Receivable (Payable)
 
$
(41
)
 
$
(53
)
 
 
 
 
 
 
 
 

(A)
PSE&G has entered into a requirements contract with Power under which Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. Power has also entered into contracts to supply energy, capacity and ancillary services to PSE&G through the BGS auction process.
(B)
Services provides and bills administrative services to PSE&G and Power at cost. In addition, PSE&G and Power have other payables to Services, including amounts related to certain common costs, such as pension and OPEB costs, which Services pays on behalf of each of the operating companies.
(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 net operating losses 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 and Power have advanced working capital to Services. The amounts are included in Other Noncurrent Assets on PSE&G’s and Power’s Consolidated Balance Sheets.
(E)
Power’s short-term loans with PSEG are for working capital and other short-term needs. Interest Income and Interest Expense relating to these short-term funding activities were immaterial.
Power [Member]  
Related Party Transaction [Line Items]  
Related-Party Transactions
Related-Party Transactions
The majority of 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:
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
2012
 
 
 
 
Millions
 
 
Expense Billings from Affiliates:
 
 
 
 
 
 
 
 
Billings from Power primarily through BGSS and BGS (A)
 
$
1,771

 
$
1,797

 
$
1,802

 
 
Administrative Billings from Services (B)
 
248

 
255

 
230

 
 
Total Expense Billings from Affiliates
 
$
2,019

 
$
2,052

 
$
2,032

 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
 
 
 
Millions
 
 
Payable to Power (A)
 
$
(313
)
 
$
(267
)
 
 
Receivable from (Payable to) Services (B)
 
(66
)
 
(73
)
 
 
Receivable from (Payable to) PSEG (C)
 
274

 
150

 
 
Accounts Receivable (Payable)—Affiliated Companies, net
 
$
(105
)
 
$
(190
)
 
 
Working Capital Advances to Services (D)
 
$
33

 
$
33

 
 
Long-Term Accrued Taxes Receivable (Payable)
 
$
(116
)
 
$
(72
)
 
 
 
 
 
 
 
 


Power
The financial statements for Power include transactions with related parties presented as follows:
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
2012
 
 
 
 
Millions
 
 
Revenue from Affiliates:
 
 
 
 
 
 
 
 
Billings to PSE&G primarily through BGSS and BGS (A)
 
$
1,771

 
$
1,797

 
$
1,802

 
 
Expense Billings from Affiliates:
 
 
 
 
 
 
 
 
Administrative Billings from Services (B)
 
$
165

 
$
178

 
$
154

 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
Related Party Transactions
 
2014
 
2013
 
 
 
 
Millions
 
 
Receivables from PSE&G (A)
 
$
313

 
$
267

 
 
Receivable from (Payable to) Services (B)
 
(23
)
 
(31
)
 
 
Receivable from (Payable to) PSEG (C)
 
(95
)
 
97

 
 
Accounts Receivable (Payable)—Affiliated Companies, net
 
$
195

 
$
333

 
 
Short-Term Loan (to) from Affiliate (Demand Note (to) from PSEG) (E)
 
$
584

 
$
790

 
 
Working Capital Advances to Services (D)
 
$
17

 
$
17

 
 
Long-Term Accrued Taxes Receivable (Payable)
 
$
(41
)
 
$
(53
)
 
 
 
 
 
 
 
 

(A)
PSE&G has entered into a requirements contract with Power under which Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. Power has also entered into contracts to supply energy, capacity and ancillary services to PSE&G through the BGS auction process.
(B)
Services provides and bills administrative services to PSE&G and Power at cost. In addition, PSE&G and Power have other payables to Services, including amounts related to certain common costs, such as pension and OPEB costs, which Services pays on behalf of each of the operating companies.
(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 net operating losses 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 and Power have advanced working capital to Services. The amounts are included in Other Noncurrent Assets on PSE&G’s and Power’s Consolidated Balance Sheets.
(E)
Power’s short-term loans with PSEG are for working capital and other short-term needs. Interest Income and Interest Expense relating to these short-term funding activities were immaterial.