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Commitments and Contingent Liabilities (Tables)
9 Months Ended
Sep. 30, 2022
PSEG Power [Member]  
Loss Contingencies [Line Items]  
Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions The following table shows the face value of PSEG Power’s outstanding guarantees, current exposure and margin positions as of September 30, 2022 and December 31, 2021.
As ofAs of
September 30, 2022December 31, 2021
Millions
Face Value of Outstanding Guarantees$1,747 $1,959 
Exposure under Current Guarantees$128 $176 
Letters of Credit Margin Posted$335 $80 
Letters of Credit Margin Received$20 $242 
Cash Deposited and Received
Counterparty Cash Collateral Deposited$— $60 
Counterparty Cash Collateral Received$(1)$(1)
Net Broker Balance Deposited (Received)$2,162 $785 
Additional Amounts Posted
Other Letters of Credit$156 $67 
Total Minimum Purchase Commitments
As of September 30, 2022, the total minimum purchase requirements included in these commitments were as follows:
Fuel TypePSEG Power’s Share of Commitments through 2026
Millions
Nuclear Fuel
Uranium$335 
Enrichment$290 
Fabrication$180 
Natural Gas $1,166 
Public Service Electric and Gas Company [Member]  
Loss Contingencies [Line Items]  
Contract For Anticipated BGS-Fixed Price Eligible Load
Auction Year
2019202020212022
36-Month Terms EndingMay 2022May 2023May 2024May 2025(A) 
Load (MW)2,8002,8002,9002,800
$ per MWh$98.04$102.16$64.80$76.30
(A)Prices set in the 2022 BGS auction became effective on June 1, 2022 when the 2019 BGS auction agreements expired.