Financial Risk Management Activities (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Of Derivative Instruments Fair Value In Balance Sheets

The following tabular disclosure does not include the offsetting of trade receivables and payables.

	As of June 30, 2017
	Power (A)									PSEG (A)		Consolidated
	Not Designated									Designated as Hedges
Balance Sheet Location	Energy- Related Contracts			Netting (B)			Total Power			Interest Rate Swaps		Total Derivatives
	Millions
Derivative Contracts
Current Assets	$	479		$	(367	)	$	112		$	1	$	113
Noncurrent Assets	268			(178		)	90			—		90
Total Mark-to-Market Derivative Assets	$	747		$	(545	)	$	202		$	1	$	203
Derivative Contracts
Current Liabilities	$	(373	)	$	365		$	(8	)	$	—	$	(8	)
Noncurrent Liabilities	(170		)	169			(1		)	—		(1		)
Total Mark-to-Market Derivative (Liabilities)	$	(543	)	$	534		$	(9	)	$	—	$	(9	)
Total Net Mark-to-Market Derivative Assets (Liabilities)	$	204		$	(11	)	$	193		$	1	$	194

	As of December 31, 2016
	Power (A)									PSE&G (A)			PSEG (A)		Consolidated
	Not Designated									Not Designated			Designated as Hedges
Balance Sheet Location	Energy- Related Contracts			Netting (B)			Total Power			Energy- Related Contracts			Interest Rate Swaps		Total Derivatives
	Millions
Derivative Contracts
Current Assets	$	435		$	(273	)	$	162		$	—		$	1	$	163
Noncurrent Assets	122			(98		)	24			—			—		24
Total Mark-to-Market Derivative Assets	$	557		$	(371	)	$	186		$	—		$	1	$	187
Derivative Contracts
Current Liabilities	$	(285	)	$	277		$	(8	)	$	(5	)	$	—	$	(13	)
Noncurrent Liabilities	(98		)	95			(3		)	—			—		(3		)
Total Mark-to-Market Derivative (Liabilities)	$	(383	)	$	372		$	(11	)	$	(5	)	$	—	$	(16	)
Total Net Mark-to-Market Derivative Assets (Liabilities)	$	174		$	1		$	175		$	(5	)	$	1	$	171

(A) Substantially all of Power’s and PSEG’s derivative instruments are contracts subject to master netting agreements. Contracts not subject to master netting or similar agreements are immaterial and did not have any collateral posted or received as of June 30, 2017 and December 31, 2016. PSE&G does not have any derivative contracts subject to master netting or similar agreements.

(B) Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of collateral. All cash collateral received or posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of June 30, 2017, net cash collateral (received) paid of $(11) million was netted against the corresponding net derivative contract positions. Of the $(11) million as of June 30, 2017, $(4) million was netted against current assets, $(9) million was netted against noncurrent assets, and $2 million was netted against current liabilities. As of December 31, 2016, net cash collateral (received) paid of $1 million was netted against the corresponding net derivative contract positions. Of the $1 million as of December 31, 2016, $(3) million was netted against noncurrent assets and $4 million was netted against current liabilities.

Schedule Of Derivative Instruments Designated As Cash Flow Hedges

The following shows the effect on the Condensed Consolidated Statements of Operations and on Accumulated Other Comprehensive Income (AOCI) of derivative instruments designated as cash flow hedges for the three months and six months ended June 30, 2017 and 2016.

Derivatives in Cash Flow Hedging Relationships	Amount of Pre-Tax Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)					Location of Pre-Tax Gain (Loss) Reclassified from AOCI into Income	Amount of Pre-Tax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
	Three Months Ended						Three Months Ended
	June 30,						June 30,
	2017		2016				2017		2016
	Millions						Millions
PSEG
Interest Rate Swaps	$	—	$	(1	)	Interest Expense	$	—	$	—
Total PSEG	$	—	$	(1	)		$	—	$	—

Derivatives in Cash Flow Hedging Relationships	Amount of Pre-Tax Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)				Location of Pre-Tax Gain (Loss) Reclassified from AOCI into Income	Amount of Pre-Tax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
	Six Months Ended					Six Months Ended
	June 30,					June 30,
	2017		2016			2017		2016
	Millions					Millions
PSEG
Interest Rate Swaps	—		2		Interest Expense	—		—
Total PSEG	$	—	$	2		$	—	$	—

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

Accumulated Other Comprehensive Income	Pre-Tax		After-Tax
	Millions
Balance as of December 31, 2015	$	—	$	—
Gain Recognized in AOCI	3		2
Less: Gain Reclassified into Income	—		—
Balance as of December 31, 2016	$	3	$	2
Gain Recognized in AOCI	—		—
Less: Gain Reclassified into Income	—		—
Balance as of June 30, 2017	$	3	$	2

Schedule Of Derivative Instruments Not Designated As Hedging Instruments And Impact On Results Of Operations

The following shows the effect on the Condensed Consolidated Statements of Operations of derivative instruments not designated as hedging instruments or as NPNS for the three months and six months ended June 30, 2017 and 2016. Power’s derivative contracts reflected in this table include contracts to hedge the purchase and sale of electricity and natural gas, and the purchase of fuel. The table does not include contracts for which Power has designated as NPNS, such as its BGS contracts and certain other energy supply contracts that it has with other utilities and companies with retail load.

Derivatives Not Designated as Hedges	Location of Pre-Tax Gain (Loss) Recognized in Income on Derivatives	Pre-Tax Gain (Loss) Recognized in Income on Derivatives						Pre-Tax Gain (Loss) Recognized in Income on Derivatives
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2017			2016			2017			2016
		Millions
PSEG and Power
Energy-Related Contracts	Operating Revenues	$	113		$	(86	)	$	196		$	130
Energy-Related Contracts	Energy Costs	(11		)	6			(16		)	8
Total PSEG and Power		$	102		$	(80	)	$	180		$	138

Schedule Of Gross Volume, On Absolute Value Basis For Derivative Contracts

The following reflects the gross volume, on an absolute value basis, of derivatives as of June 30, 2017 and December 31, 2016.

Type	Notional	Total	PSEG	Power	PSE&G
		Millions
As of June 30, 2017
Natural Gas	Dekatherm (Dth)	321	—	321	—
Electricity	MWh	349	—	349	—
Financial Transmission Rights (FTRs)	MWh	6	—	6	—
Interest Rate Swaps	U.S. Dollars	500	500	—	—
As of December 31, 2016
Natural Gas	Dth	357	—	348	9
Electricity	MWh	323	—	323	—
FTRs	MWh	9	—	9	—
Interest Rate Swaps	U.S. Dollars	500	500	—	—

Power [Member]

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Providing Credit Risk From Others, Net Of Collateral

The following table provides information on Power’s credit risk from others, net of collateral, as of June 30, 2017. It further delineates that exposure by the credit rating of the counterparties, which is determined by the lowest rating from S&P, Moody’s or an internal scoring model. In addition, it provides guidance on the concentration of credit risk to individual counterparties and an indication of the quality of Power’s credit risk by credit rating of the counterparties.

Rating	Current Exposure		Collateral Held		Net Exposure		Number of Counterparties >10%	Net Exposure of Counterparties >10%
	Millions							Millions
Investment Grade	$	420	$	92	$	328	1	$	130	(A)
Non-Investment Grade	9		—		9		—	—
Total	$	429	$	92	$	337	1	$	130

(A) Represents net exposure of $130 million with PSE&G.

As of June 30, 2017, collateral held from counterparties where Power had credit exposure included $92 million in letters of credit.

As of June 30, 2017, Power had 152 active counterparties.