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Fair Value Measurements (Changes In Level 3 Assets And (Liabilities) Measured At Fair Value On A Recurring Basis) (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Settlements $ (1)   $ 58 $ 10
Power [Member]
       
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Gains and losses attributable to changes in net derivative assets and liabilities, included in Operating Income 6   (58)  
Gains and losses attributable to changes in net derivative assets and liabilities, unrealized     1  
Net Derivative Assets (Liabilities) [Member]
       
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 1 (57) 88 (31)
Included in Income 6 [1] 17 [1] (58) [1] (17) [1]
Included in Regulatory Assets/Liabilities 10 [2] (1) [2] (72) [2] (1) [2]
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) (1) [3] 0 [3] 58 [3] 10 [3]
Transfers In (Out) (3) [4] 6 [4] (3) [4] 4 [4]
Closing Balance 13 (35) 13 (35)
Net Derivative Assets (Liabilities) [Member] | Power [Member]
       
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance (11) (17) (6) 9
Included in Income 6 [1] 17 [1] (58) [1] (17) [1]
Included in Regulatory Assets/Liabilities 0 [2] 0 [2] 0 [2] 0 [2]
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) (1) [3] 0 [3] 58 [3] 10 [3]
Transfers In (Out) (3) [4] 6 [4] (3) [4] 4 [4]
Closing Balance (9) 6 (9) 6
Net Derivative Assets (Liabilities) [Member] | PSE And G [Member]
       
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 12 (40) 94 (40)
Included in Income 0 [1] 0 [1] 0 [1] 0 [1]
Included in Regulatory Assets/Liabilities 10 [2] (1) [2] (72) [2] (1) [2]
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) 0 [3] 0 [3] 0 [3] 0 [3]
Transfers In (Out) 0 [4] 0 [4] 0 [4] 0 [4]
Closing Balance $ 22 $ (41) $ 22 $ (41)
[1] PSEG’s and Power’s gains and losses attributable to changes in net derivative assets and liabilities include $6 million and $(58) million in Operating Income for the three months and six months ended June 30, 2014, respectively. The $6 million in Operating Income is unrealized. Of the $(58) million in Operating Income, $1 million is unrealized.
[2] Mainly includes gains/losses on PSE&G’s derivative contracts that are not included in either earnings or Other Comprehensive Income, as they are deferred as a Regulatory Asset/Liability and are expected to be recovered from/returned to PSE&G’s customers.
[3] Represents $(1) million and $58 million in settlements for the three months and six months ended June 30, 2014. Includes $10 million in settlements for the six months ended June 30, 2013
[4] During the three months and six months ended June 30, 2014, $(3) million of net derivatives assets/liabilities were transferred from Level 3 to Level 2 due to more observable pricing for the underlying securities. During the three months and six months ended June 30, 2013, $6 million and $4 million, respectively, of net derivatives assets/liabilities were transferred from Level 3 to Level 2 due to more observable pricing for the underlying securities. The transfers were recognized as of the beginning of the quarters in which the transfers first occurred, as per PSEG's policy.