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Commitments and Contingent Liabilities (Tables)
3 Months Ended
Mar. 31, 2016
Power [Member]  
Loss Contingencies [Line Items]  
Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions
The following table shows the face value of Power's outstanding guarantees, current exposure and margin positions as of March 31, 2016 and December 31, 2015.
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
March 31,
2016
 
December 31,
2015
 
 
 
Millions
 
 
Face Value of Outstanding Guarantees
$
1,786

 
$
1,734

 
 
Exposure under Current Guarantees
$
183

 
$
172

 
 
 
 
 
 
 
 
Letters of Credit Margin Posted
$
169

 
$
122

 
 
Letters of Credit Margin Received
$
220

 
$
192

 
 
 
 
 
 
 
 
Cash Deposited and Received:
 
 
 
 
 
Counterparty Cash Margin Deposited
$

 
$

 
 
Counterparty Cash Margin Received
$
(17
)
 
$
(15
)
 
 
   Net Broker Balance Deposited (Received)
$
1

 
$
(5
)
 
 
 
 
 
 
 
 
In the Event Power were to Lose its Investment Grade Rating:
 
 
 
 
 
Additional Collateral that could be Required
$
851

 
$
864

 
 
Liquidity Available under PSEG’s and Power’s Credit Facilities to Post Collateral
$
3,391

 
$
3,215

 
 
 
 
 
 
 
 
Additional Amounts Posted:
 
 
 
 
 
Other Letters of Credit
$
51

 
$
51

 
 
 
 
 
 
 
Total Minimum Purchase Commitments
As of March 31, 2016, the total minimum purchase requirements included in these commitments were as follows:
 
 
 
 
 
 
Fuel Type
 
Power's Share of Commitments through 2020
 
 
 
 
Millions
 
 
Nuclear Fuel
 
 
 
 
Uranium
 
$
467

 
 
Enrichment
 
$
348

 
 
Fabrication
 
$
193

 
 
Natural Gas
 
$
1,002

 
 
Coal
 
$
277

 
 
 
 
 
 
PSE And G [Member]  
Loss Contingencies [Line Items]  
Contract For Anticipated BGS-Fixed Price Eligible Load
 
 
 
 
 
 
 
 
 
 
 
 
 
Auction Year
 
 
 
 
2013
 
2014
 
2015
 
2016
 
 
 
36-Month Terms Ending
May 2016

 
May 2017

 
May 2018

 
May 2019

(A) 
 
 
Load (MW)
2,800

 
2,800

 
2,900

 
2,800

  
 
 
$ per MWh
$92.18
 
$97.39
 
$99.54
 
$96.38
  
 
 
 
 
 
 
 
 
 
 
 
 

(A)
Prices set in the 2016 BGS auction year will become effective on June 1, 2016 when the 2013 BGS auction agreements expire.