Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2016

The total future minimum payments under various operating leases as of December 31, 2016 are:




	PSE&G		Power		Services		Other		Total
	Millions
2017	$	12	$	3	$	13	$	1	$	29
2018	8		3		13		1		25
2019	7		3		13		1		24
2020	6		2		13		1		22
2021	6		2		14		1		23
Thereafter	61		39		132		—		232
Total Minimum Lease Payments	$	100	$	52	$	198	$	5	$	355

PSE&G [Member]

Other Commitments [Line Items]

Contract For Anticipated BGS-Fixed Price Eligible Load

The contract prices in dollars per MWh for the BGS-RSCP supply, as well as the approximate load, are as follows:




	Auction Year
	2014	2015	2016	2017
36-Month Terms Ending	May 2017	May 2018	May 2019	May 2020	(A)
Load (MW)	2,800	2,900	2,800	2,800
$ per MWh	$97.39	$99.54	$96.38	$90.78


(A)	Prices set in the 2017 BGS auction will become effective on June 1, 2017 when the 2014 BGS auction agreements expire.

Power [Member]

Other Commitments [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 December 31, 2016 and 2015.




	As of December 31, 2016			As of December 31, 2015
	Millions
Face Value of Outstanding Guarantees	$	1,806		$	1,734
Exposure under Current Guarantees	$	139		$	172

Letters of Credit Margin Posted	$	157		$	122
Letters of Credit Margin Received	$	99		$	192

Cash Deposited and Received
Counterparty Cash Margin Deposited	$	—		$	—
Counterparty Cash Margin Received	$	(1	)	$	(15	)
Net Broker Balance Deposited (Received)	$	57		$	(5	)

Additional Amounts Posted
Other Letters of Credit	$	51		$	51

Total Minimum Purchase Commitments

As of December 31, 2016, the total minimum purchase requirements included in these commitments were as follows:




Fuel Type	Power's Share of Commitments through 2021
	Millions
Nuclear Fuel
Uranium	$	301
Enrichment	$	356
Fabrication	$	192
Natural Gas	$	1,029
Coal	$	215

Insurance coverages and maximum retrospective assessments for its nuclear operations

Power’s insurance coverages and maximum retrospective assessments for its nuclear operations as of December 31, 2016 were as follows:




Type and Source of Coverages	Site Coverage			Retrospective Assessments
	Millions
Public and Nuclear Worker Liability (Primary Layer):
ANI	$	375	(A)	$	—
Nuclear Liability (Excess Layer):
Price-Anderson Act	12,986		(B)	401
Nuclear Liability Total	$	13,361	(C)	$	401

Property Damage (Primary Layer):
NEIL Primary (Salem/Hope Creek)	$	1,500		$	35
NEIL Primary (Peach Bottom)	$	1,500		14
Property Damage (Excess Layers):
NEIL Excess (Salem/Hope Creek - Nuclear)	$	300	(D)	2
NEIL Excess (Peach Bottom - Nuclear)	$	300	(D)	1
NEIL Excess (Salem/Hope Creek - Non - Nuclear)	$	300	(D)	1
NEIL Excess (Peach Bottom - Non - Nuclear)	$	600	(D)	1
Accidental Outage - PSEG Share:(Nuclear / Non-Nuclear)
NEIL I (Peach Bottom)	$245 / $164		(E)	8
NEIL I (Salem)	$281 / $188		(E)	9
NEIL I (Hope Creek)	$490 / $328		(E)	7
Nuclear Property Total				$	78


(A)	The primary limit for Public Liability is a per site aggregate limit with no potential for retrospective assessment. The Nuclear Worker Liability represents the potential liability from third-party workers claiming exposure to the nuclear energy hazard. This coverage is subject to an industry aggregate limit that is subject to reinstatement at ANI discretion.

(B)

Retrospective premium program under the Price-Anderson Act liability provisions of the Atomic Energy Act of 1954, as amended. Power is subject to retrospective assessment with respect to loss from an incident at any licensed nuclear reactor in the United States that produces greater than 100 MW of electrical power. This retrospective assessment can be adjusted for inflation every five years. The last adjustment was effective as of September 10, 2013. The next adjustment is due on or before September 10, 2018. This retrospective program is in excess of the Public and Nuclear Worker Liability primary layers.


(C)	Maximum limit of liability under the Price-Anderson Act for each nuclear incident per site.

(D)

For nuclear event property limits in excess of $1.5 billion, Power purchases a $300 million Excess Policy for the Salem/Hope Creek site, and a $300 million Excess Policy only for Power’s 50% interest in Peach Bottom. This limit is not subject to reinstatement in the event of a loss. In addition, for non-nuclear event limits in excess of $1.5 billion, Power maintains a $300 million limit for the combined Salem/Hope Creek sites. Exelon maintains a $600 million non-nuclear event limit for Peach Bottom.

(E)

Peach Bottom 2 and 3 have an aggregate nuclear indemnity limit based on a weekly indemnity of $2.3 million for 52 weeks followed by 80% of the weekly indemnity for 68 weeks. Peach Bottom 2 and 3 have an aggregate non-nuclear indemnity limit based on a weekly indemnity of $2.3 million for 52 weeks followed by 80% of the weekly indemnity for 24 weeks. Salem 1 and 2 have an aggregate nuclear indemnity limit based on a weekly indemnity of $2.5 million for 52 weeks followed by 80% of the weekly indemnity for 76 weeks. Salem 1 and 2 have an aggregate non-nuclear indemnity limit based on a weekly indemnity of $2.5 million for 52 weeks followed by 80% of the weekly indemnity for 29 weeks. Hope Creek has an aggregate nuclear indemnity limit based on a weekly indemnity of $4.5 million for 52 weeks followed by 80% of the weekly indemnity for 71 weeks. Hope Creek has an aggregate non-nuclear indemnity limit based on a weekly indemnity of $4.5 million for 52 weeks followed by 80% of the weekly indemnity for 26 weeks.