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Commitments and Contingent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2013
Future Minimum Rental Payments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Power
 
PSE&G
 
Services
 
Other
 
 
 
 
Millions
 
 
2014
 
$
1

 
$
9

 
$
1

 
$
2

 
 
2015
 
1

 
7

 
4

 
2

 
 
2016
 
1

 
6

 
12

 
1

 
 
2017
 
1

 
5

 
13

 
1

 
 
2018
 
2

 
4

 
13

 
—

 
 
Thereafter
 
16

 
33

 
173

 
—

 
 
Total Minimum Lease Payments
 
$
22

 
$
64

 
$
216

 
$
6

 
 
 
 
 
 
 
 
 
 
 
 
Power [Member]
  
Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions
 
 
 
 
 
 
 
 
 
 
As of December 31, 2013
 
As of December 31, 2012
 
 
 
 
Millions
 
 
Face Value of Outstanding Guarantees
 
$
1,639

 
$
1,508

 
 
Exposure under Current Guarantees
 
$
246

 
$
226

 
 
Letters of Credit Margin Posted
 
$
132

 
$
124

 
 
Letters of Credit Margin Received
 
$
25

 
$
69

 
 
Cash Deposited and Received
 
 
 
 
 
 
Counterparty Cash Margin Deposited
 
$
—

 
$
15

 
 
Counterparty Cash Margin Received
 
$
—

 
$
(4
)
 
 
Net Broker Balance Deposited (Received)
 
$
80

 
$
26

 
 
In the Event Power were to Lose its Investment Grade Rating
 
 
 
 
 
 
Additional Collateral that could be Required
 
$
691

 
$
654

 
 
Liquidity Available under PSEG’s and Power’s Credit Facilities to Post Collateral
 
$
3,522

 
$
3,531

 
 
Additional Amounts Posted
 
 
 
 
 
 
Other Letters of Credit
 
$
45

 
$
45

 
 
 
 
 
 
 
 
Total Minimum Purchase Commitments
 
 
 
 
 
 
Fuel Type
 
Power's Share of Commitments through 2018
 
 
 
 
Millions
 
 
Nuclear Fuel
 
 
 
 
Uranium
 
$
532

 
 
Enrichment
 
$
454

 
 
Fabrication
 
$
137

 
 
Natural Gas
 
$
1,061

 
 
Coal
 
$
405

 
 
 
 
 
 
Insurance coverages and maximum retrospective assessments for its nuclear operations
 
 
 
 
 
 
 
 
 
 
Type and Source of Coverages
 
Total Site
Coverage
 
 
 
Retrospective
Assessments
 
 
 
 
Millions
 
 
Public and Nuclear Worker Liability (Primary Layer):
 
 
 
 
 
 
 
 
ANI
 
$
375

 
(A)
 
$
—

 
 
Nuclear Liability (Excess Layer):
 
 
 
 
 
 
 
 
Price-Anderson Act
 
13,241

 
(B)
 
401

 
 
Nuclear Liability Total
 
$
13,616

 
(C)
 
$
401

 
 
Property Damage (Primary Layer):
 
 
 
 
 
 
 
 
NEIL Primary (Salem/Hope Creek/Peach Bottom)
 
$
500

 
 
 
$
24

 
 
Property Damage (Excess Layers)
 
 
 
 
 
 
 
 
NEIL II (Salem/Hope Creek/Peach Bottom)
 
750

 
 
 
8

 
 
NEIL Blanket Excess (Salem/Hope Creek/Peach Bottom)
 
850

 
(D)
 
5

 
 
Property Damage Total (Per Site)
 
$
2,100

 
(E)
 
$
37

 
 
Accidental Outage:
 
 
 
 
 
 
 
 
NEIL I (Peach Bottom)
 
$
245

 
(F)
 
$
6

 
 
NEIL I (Salem)
 
281

 
(F)
 
7

 
 
NEIL I (Hope Creek)
 
490

 
(F)
 
6

 
 
Replacement Power Total
 
$
1,016

 
 
 
$
19

 
 
 
 
 
 
 
 
 
 
(A)
The primary limit for Public Liability is a per site aggregate limit with no potential for assessment. The Nuclear Worker Liability represents the potential liability from workers claiming exposure to the hazard of nuclear radiation. 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)
Limit of liability under the Price-Anderson Act for each nuclear incident.
(D)
For property limits in excess of $1.25 billion, Power participates in a Blanket Limit policy where the $850 million limit is shared by Power with Exelon Generation among the Braidwood, Byron, Clinton, Dresden, La Salle, Limerick, Oyster Creek, Quad Cities, TMI-1 facilities owned by Exelon Generation and the Peach Bottom, Salem and Hope Creek facilities. This limit is not subject to reinstatement in the event of a loss. Participation in this program materially reduces Power’s premium and the associated potential assessment.
(E)
Power's property limits provide a $2.1 billion limit for a nuclear event, but provide a sublimit of $1.5 billion for conventional property losses that do not involve a nuclear event.
(F)
Peach Bottom has an aggregate indemnity limit based on a weekly indemnity of $2.3 million for 52 weeks followed by 80% of the weekly indemnity for 68 weeks. Salem has an aggregate indemnity limit based on a weekly indemnity of $2.5 million for 52 weeks followed by 80% of the weekly indemnity for 72 weeks. Hope Creek has an aggregate indemnity limit based on a weekly indemnity of $4.5 million for 52 weeks followed by 80% of the weekly indemnity for 71 weeks.
PSE&G [Member]
  
Contract For Anticipated BGS-Fixed Price Eligible Load
 
 
 
 
 
 
 
 
 
 
 
 
 
Auction Year
 
 
 
 
2011
 
2012
 
2013
 
2014
 
 
 
36-Month Terms Ending
May 2014

 
May 2015

 
May 2016

 
May 2017

(A) 
 
 
Load (MW)
2,800

 
2,900

 
2,800

 
2,800

  
 
 
$ per kWh
0.09430

 
0.08388

 
0.09218

 
0.09739

  
 
 
 
 
 
 
 
 
 
 
 
 
Future Minimum Rental Payments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Power
 
PSE&G
 
Services
 
Other
 
 
 
 
Millions
 
 
2014
 
$
1

 
$
9

 
$
1

 
$
2

 
 
2015
 
1

 
7

 
4

 
2

 
 
2016
 
1

 
6

 
12

 
1

 
 
2017
 
1

 
5

 
13

 
1

 
 
2018
 
2

 
4

 
13

 
—

 
 
Thereafter
 
16

 
33

 
173

 
—

 
 
Total Minimum Lease Payments
 
$
22

 
$
64

 
$
216

 
$
6