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Commitments and Contingent Liabilities (Tables)
6 Months Ended
Jun. 30, 2015
Power [Member]  
Loss Contingencies [Line Items]  
Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions
The face value of Power's outstanding guarantees, current exposure and margin positions as of June 30, 2015 and December 31, 2014 are shown as follows:
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
June 30,
2015
 
December 31,
2014
 
 
 
Millions
 
 
Face Value of Outstanding Guarantees
$
1,775

 
$
1,814

 
 
Exposure under Current Guarantees
$
196

 
$
273

 
 
 
 
 
 
 
 
Letters of Credit Margin Posted
$
161

 
$
159

 
 
Letters of Credit Margin Received
$
74

 
$
40

 
 
 
 
 
 
 
 
Cash Deposited and Received:
 
 
 
 
 
Counterparty Cash Margin Deposited
$

 
$

 
 
Counterparty Cash Margin Received
$
(9
)
 
$
(13
)
 
 
   Net Broker Balance Deposited (Received)
$
42

 
$
115

 
 
 
 
 
 
 
 
In the Event Power were to Lose its Investment Grade Rating:
 
 
 
 
 
Additional Collateral that could be Required
$
907

 
$
945

 
 
Liquidity Available under PSEG’s and Power’s Credit Facilities to Post Collateral
$
3,494

 
$
3,495

 
 
 
 
 
 
 
 
Additional Amounts Posted:
 
 
 
 
 
Other Letters of Credit
$
45

 
$
45

 
 
 
 
 
 
 
Total Minimum Purchase Commitments
As of June 30, 2015, the total minimum purchase requirements included in these commitments were as follows:
 
 
 
 
 
 
Fuel Type
 
Power's Share of Commitments through 2019
 
 
 
 
Millions
 
 
Nuclear Fuel
 
 
 
 
Uranium
 
$
443

 
 
Enrichment
 
$
342

 
 
Fabrication
 
$
185

 
 
Natural Gas
 
$
1,072

 
 
Coal
 
$
360

 
 
 
 
 
 
PSE And G [Member]  
Loss Contingencies [Line Items]  
Contract For Anticipated BGS-Fixed Price Eligible Load
The contract prices in dollars per MWh for the BGS-RSCP supply, as well as the approximate load, are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
Auction Year
 
 
 
 
2012
 
2013
 
2014
 
2015
 
 
 
36-Month Terms Ending
May 2015

 
May 2016

 
May 2017

 
May 2018

(A) 
 
 
Load (MW)
2,900

 
2,800

 
2,800

 
2,900

  
 
 
$ per MWh
$83.88
 
$92.18
 
$97.39
 
$99.54
  
 
 
 
 
 
 
 
 
 
 
 
 

(A)
Prices set for the 2015 BGS auction year became effective on June 1, 2015 when the 2012 BGS auction agreements expired.