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Commitments and Contingent Liabilities (Tables)
9 Months Ended
Sep. 30, 2014
Power [Member]
 
Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
September 30,
2014
 
December 31,
2013
 
 
 
Millions
 
 
Face Value of Outstanding Guarantees
$
1,719

 
$
1,639

 
 
Exposure under Current Guarantees
$
222

 
$
246

 
 
Letters of Credit Margin Posted
$
138

 
$
132

 
 
Letters of Credit Margin Received
$
17

 
$
25

 
 
Cash Deposited and Received:
 
 
 
 
 
Counterparty Cash Margin Deposited
$

 
$

 
 
Counterparty Cash Margin Received
$
(25
)
 
$

 
 
   Net Broker Balance Deposited (Received)
$
278

 
$
80

 
 
In the Event Power were to Lose its Investment Grade Rating:
 
 
 
 
 
Additional Collateral that could be Required
$
851

 
$
691

 
 
Liquidity Available under PSEG’s and Power’s Credit Facilities to Post Collateral
$
3,516

 
$
3,522

 
 
Additional Amounts Posted:
 
 
 
 
 
Other Letters of Credit
$
45

 
$
45

 
 
 
 
 
 
 
Total Minimum Purchase Commitments
As of September 30, 2014, the total minimum purchase requirements included in these commitments were as follows:
 
 
 
 
 
 
Fuel Type
 
Power's Share of Commitments through 2018
 
 
 
 
Millions
 
 
Nuclear Fuel
 
 
 
 
Uranium
 
$
450

 
 
Enrichment
 
$
369

 
 
Fabrication
 
$
174

 
 
Natural Gas
 
$
877

 
 
Coal
 
$
367

 
 
 
 
 
 
PSE And 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

  
 
 
 
 
 
 
 
 
 
 
 
 

(A)
Prices set for the 2014 BGS auction year became effective on June 1, 2014 when the 2011 BGS auction agreements expired.