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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
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Settlements $ (15) $ (12)
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 15 3
Gains and losses attributable to changes in net derivative assets and liabilities, unrealized   (9)
Net Derivative Assets (Liabilities) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Opening Balance 13 37
Included in Income [1] 15 3
Included in Regulatory Assets/Liabilities [2] 8 (19)
Purchases, (Sales) 0 0
Issuances (Settlements) [3] (15) (12)
Transfers In (Out) [4] 0 0
Closing Balance 21 9
Net Derivative Assets (Liabilities) [Member] | Power [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Opening Balance 11 11
Included in Income [1] 15 3
Included in Regulatory Assets/Liabilities [2] 0 0
Purchases, (Sales) 0 0
Issuances (Settlements) [3] (15) (12)
Transfers In (Out) [4] 0 0
Closing Balance 11 2
Net Derivative Assets (Liabilities) [Member] | PSE And G [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Opening Balance 2 26
Included in Income [1] 0 0
Included in Regulatory Assets/Liabilities [2] 8 (19)
Purchases, (Sales) 0 0
Issuances (Settlements) [3] 0 0
Transfers In (Out) [4] 0 0
Closing Balance $ 10 $ 7
[1] PSEG’s and Power’s gains and losses attributable to changes in net derivative assets and liabilities include $15 million and $3 million in Operating Income in 2016 and 2015, respectively. The $15 million in Operating Income in 2016 is realized. Of the $3 million in Operating Income, $(9) million is unrealized.
[2] Mainly includes gains/losses on PSE&G’s derivative contracts that are not included in either earnings or Accumulated 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 $(15) million and $(12) million in settlements for the three months ended March 31, 2016 and 2015.
[4] There were no transfers among levels during the three months ended March 31, 2016 and 2015.