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Revenues Revenues (Tables)
6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregation of Revenues
PSE&GPSEG PowerOther EliminationsConsolidated
Millions
Three Months Ended June 30, 2021
Revenues from Contracts with Customers
Electric Distribution$765 $— $— $— $765 
Gas Distribution256 — — (2)254 
Transmission 405 — — — 405 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 408 — — 408 
         Sales to Affiliates— 62 — (62)— 
New York ISO
— 49 — — 49 
ISO New England
— 18 — — 18 
Gas Sales
Third-Party Sales
— 28 — — 28 
Sales to Affiliates
— 110 — (110)— 
Other Revenues from Contracts with Customers (A)81 12 145 (1)237 
Total Revenues from Contracts with Customers1,507 687 145 (175)2,164 
Revenues Unrelated to Contracts with Customers (B)(307)10 — (290)
Total Operating Revenues$1,514 $380 $155 $(175)$1,874 
PSE&GPSEG PowerOther EliminationsConsolidated
Millions
Six Months Ended June 30, 2021
Revenues from Contracts with Customers
Electric Distribution$1,472 $— $— $— $1,472 
Gas Distribution1,152 — — (5)1,147 
Transmission 804 — — — 804 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 879 — — 879 
         Sales to Affiliates— 150 — (150)— 
New York ISO
— 97 — — 97 
ISO New England
— 69 — — 69 
Gas Sales
Third-Party Sales
— 88 — — 88 
Sales to Affiliates
— 520 — (520)— 
Other Revenues from Contracts with Customers (A)156 22 286 (2)462 
Total Revenues from Contracts with Customers3,584 1,825 286 (677)5,018 
Revenues Unrelated to Contracts with Customers (B)(278)20 — (255)
Total Operating Revenues$3,587 $1,547 $306 $(677)$4,763 
PSE&GPSEG PowerOther EliminationsConsolidated
Millions
Three Months Ended June 30, 2020
Revenues from Contracts with Customers
Electric Distribution$723 $— $— $— $723 
Gas Distribution278 — — (2)276 
Transmission 378 — — — 378 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 346 — — 346 
         Sales to Affiliates— 111 — (111)— 
New York ISO
— 24 — — 24 
ISO New England
— 25 — — 25 
Gas Sales
Third-Party Sales
— 15 — — 15 
Sales to Affiliates
— 124 — (124)— 
Other Revenues from Contracts with Customers (A)83 14 141 — 238 
Total Revenues from Contracts with Customers1,462 659 141 (237)2,025 
Revenues Unrelated to Contracts with Customers (B)(6)24 — 25 
Total Operating Revenues$1,456 $683 $148 $(237)$2,050 
PSE&GPSEG PowerOther EliminationsConsolidated
Millions
Six Months Ended June 30, 2020
Revenues from Contracts with Customers
Electric Distribution$1,372 $— $— $— $1,372 
Gas Distribution1,009 — — (4)1,005 
Transmission 744 — — — 744 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 714 — — 714 
         Sales to Affiliates— 232 — (232)— 
New York ISO
— 49 — — 49 
ISO New England
— 73 — — 73 
Gas Sales
Third-Party Sales
— 44 — — 44 
Sales to Affiliates
— 478 — (478)— 
Other Revenues from Contracts with Customers (A)165 24 285 (1)473 
Total Revenues from Contracts with Customers3,290 1,614 285 (715)4,474 
Revenues Unrelated to Contracts with Customers (B)49 289 19 — 357 
Total Operating Revenues$3,339 $1,903 $304 $(715)$4,831 
(A)Includes primarily revenues from appliance repair services and the sale of solar renewable energy certificates (SRECs) at auction at PSE&G, solar power projects and energy management and fuel service contracts with LIPA at PSEG Power, and PSEG LI’s OSA with LIPA in Other.
(B)Includes primarily alternative revenues at PSE&G, derivative contracts and lease contracts at PSEG Power, and lease contracts in Other.
Accounts Receivable, Allowance for Credit Loss [Table Text Block]
The following provides a reconciliation of PSE&G’s allowance for credit losses for the three months and six months ended June 30, 2021 and 2020:
Three Months Ended June 30, 2021
Balance as of March 31, 2021$239 
Utility Customer and Other Accounts
Provision34 
 Write-offs, net of Recoveries of $5 million
(13)
Balance as of June 30, 2021$260 
Six Months Ended June 30, 2021
Balance as of January 1, 2021$206 
Utility Customer and Other Accounts
Provision78 
 Write-offs, net of Recoveries of $7 million
(24)
Balance as of June 30, 2021$260 
Three Months Ended June 30, 2020
Balance as of March 31, 2020$80 
Utility Customer and Other Accounts
Provision45 
 Write-offs, net of Recoveries of $1 million
(4)
Balance as of June 30, 2020$121 
Six Months Ended June 30, 2020
Balance as of January 1, 2020 (A)$68 
Utility Customer and Other Accounts
Provision77 
 Write-offs, net of Recoveries of $3 million
(24)
Balance as of June 30, 2020$121 
(A)Includes an $8 million pre-tax increase upon adoption of ASU 2016-13.
Revenue, Capacity Auction Obligations [Table Text Block]
Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions—The Base Residual Auction is generally conducted annually three years in advance of the operating period. The 2022/2023 auction was held in June 2021 and the 2023/2024 auction is expected to be held in December 2021. PSEG Power expects to realize the following average capacity prices resulting from the base and incremental auctions, including unit specific bilateral contracts for previously cleared capacity obligations.
Delivery Year$ per MW-DayMW Cleared
June 2021 to May 2022$1667,700 
June 2022 to May 2023$986,300 
Capacity Payments from the ISO New England Forward Capacity Market (FCM)—The FCM Auction is conducted annually three years in advance of the operating period. The table below includes PSEG Power’s cleared capacity in the FCM Auction for the Bridgeport Harbor Station 5 (BH5), which cleared the 2019/2020 auction at $231/MW-day for seven years, and the retirement of Bridgeport Harbor Station 3 effective May 31, 2021. PSEG Power expects to realize the following average capacity prices for capacity obligations to be satisfied resulting from the FCM Auctions which have been completed through May 2025 and the seven-year rate lock for BH5 through May 2026: 
Delivery Year$ per MW-Day (A)MW Cleared
June 2021 to May 2022$192950 
June 2022 to May 2023$179950 
June 2023 to May 2024$152930 
June 2024 to May 2025$158950 
June 2025 to May 2026$231480