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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 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Settlements $ (5) $ (4) $ (20) $ (16)
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 1 5 16 8
Gains and losses attributable to changes in net derivative assets and liabilities, unrealized (4)   (4) (9)
Net Derivative Assets (Liabilities) [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 21 9 13 37
Included in Income 1 [1] 5 [2] 16 [1] 8 [2]
Included in Regulatory Assets/Liabilities [3] (12) (2) (4) (21)
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) [4] (5) (4) (20) (16)
Transfers In (Out) [5] 0 0 0 0
Closing Balance 5 8 5 8
Net Derivative Assets (Liabilities) [Member] | Power [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 11 2 11 11
Included in Income 1 [1] 5 [2] 16 [1] 8 [2]
Included in Regulatory Assets/Liabilities [3] 0 0 0 0
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) [4] (5) (4) (20) (16)
Transfers In (Out) [5] 0 0 0 0
Closing Balance 7 3 7 3
Net Derivative Assets (Liabilities) [Member] | PSE And G [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 10 7 2 26
Included in Income 0 [1] 0 [2] 0 [1] 0 [2]
Included in Regulatory Assets/Liabilities [3] (12) (2) (4) (21)
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) [4] 0 0 0 0
Transfers In (Out) [5] 0 0 0 0
Closing Balance $ (2) $ 5 $ (2) $ 5
[1] PSEG’s and Power’s gains and losses attributable to changes in net derivative assets and liabilities include $1 million and $16 million in Operating Income for the three months and six months ended June 30, 2016, respectively. Of the $1 million in Operating Income, $(4) million is unrealized. Of the $16 million in Operating Income, $(4) million is unrealized.
[2] PSEG’s and Power’s gains and losses attributable to changes in net derivative assets and liabilities include $5 million and $8 million in Operating Income for the three months and six months ended June 30, 2015, respectively. The $5 million in Operating Income is realized. Of the $8 million in Operating Income, $(9) million is unrealized.
[3] 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.
[4] Represents $(5) million and $(20) million in settlements for the three months and six months ended June 30, 2016, respectively. Represents $(4) million and $(16) million in settlements for the three months and six months ended June 30, 2015, respectively.
[5] There were no transfers among levels during the three months and six months ended June 30, 2016 and 2015.