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Commitments and Contingent Liabilities (Tables)
6 Months Ended
Jun. 30, 2013
Schedule of Capital Expenditures [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
2014
 
2015
 
 
 
 
Millions
 
 
Power
 
$
400

 
$
365

 
$
305

 
 
PSE&G
 
2,045

 
1,765

 
1,305

 
 
Other
 
95

 
40

 
30

 
 
Total PSEG
 
$
2,540

 
$
2,170

 
$
1,640

 
 
 
 
 
 
 
 
 
 
Power [Member]
 
Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
June 30,
2013
 
December 31,
2012
 
 
 
Millions
 
 
Face Value of Outstanding Guarantees
$
1,569

 
$
1,508

 
 
Exposure under Current Guarantees
$
282

 
$
226

 
 
Letters of Credit Margin Posted
$
113

 
$
124

 
 
Letters of Credit Margin Received
$
38

 
$
69

 
 
Cash Deposited and Received
 
 
 
 
 
Counterparty Cash Margin Deposited
$
4

 
$
15

 
 
Counterparty Cash Margin Received
$

 
$
(4
)
 
 
Net Broker Balance Deposited (Received)
$
41

 
$
26

 
 
In the Event Power were to Lose its Investment Grade Rating:
 
 
 
 
 
Additional Collateral that Could be Required
$
679

 
$
654

 
 
Liquidity Available under PSEG’s and Power’s Credit Facilities to Post Collateral
$
3,541

 
$
3,531

 
 
Additional Amounts Posted
 
 
 
 
 
Other Letters of Credit
$
46

 
$
45

 
 
 
 
 
 
 
Schedule of Capital Expenditures [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
2014
 
2015
 
 
 
 
Millions
 
 
Power
 
$
400

 
$
365

 
$
305

 
 
PSE&G
 
2,045

 
1,765

 
1,305

 
 
Other
 
95

 
40

 
30

 
 
Total PSEG
 
$
2,540

 
$
2,170

 
$
1,640

 
 
 
 
 
 
 
 
 
 
Total Minimum Purchase Commitments
As of June 30, 2013, the total minimum purchase requirements included in these commitments were as follows:
 
 
 
 
 
Fuel Type
Power’s Share of
Commitments
through 2017
 
 
 
Millions
 
 
Nuclear Fuel
 
 
 
Uranium
$
470

 
 
Enrichment
$
368

 
 
Fabrication
$
137

 
 
Natural Gas
$
953

 
 
Coal
$
493

 
 
 
 
 
PSE And G [Member]
 
Schedule of Capital Expenditures [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
2014
 
2015
 
 
 
 
Millions
 
 
Power
 
$
400

 
$
365

 
$
305

 
 
PSE&G
 
2,045

 
1,765

 
1,305

 
 
Other
 
95

 
40

 
30

 
 
Total PSEG
 
$
2,540

 
$
2,170

 
$
1,640

 
 
 
 
 
 
 
 
 
 
Contract For Anticipated BGS-Fixed Price Eligible Load
PSE&G has contracted for its anticipated BGS-Fixed Price eligible load, as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
Auction Year
 
 
 
 
2010
 
2011
 
2012
 
2013
 
 
 
36-Month Terms Ending
May 2013

 
May 2014

 
May 2015

 
May 2016

(A) 
 
 
Load (MW)
2,800

 
2,800

 
2,900

 
2,800

  
 
 
$ per kWh
0.09577

 
0.09430

 
0.08388

 
0.09218