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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, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
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, unrealized   $ (4)   $ (4)
Settlements $ (3) (5) $ (25) (20)
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 7 1 26 16
Gains and losses attributable to changes in net derivative assets and liabilities, unrealized     1  
Net Derivative Assets (Liabilities) [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 3 21 1 13
Included in Income 7 [1] 1 (26) [1] (16) [1]
Included in Regulatory Assets/Liabilities [2] (1) (12) 5 (4)
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) [3] (3) (5) (25) (20)
Transfers In (Out) [4] 0 0 (1) 0
Closing Balance 6 5 6 5
Net Derivative Assets (Liabilities) [Member] | Power [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 2 11 6 11
Included in Income 7 [1] 1 (26) [1] (16) [1]
Included in Regulatory Assets/Liabilities [2] 0 0 0 0
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) [3] (3) (5) (25) (20)
Transfers In (Out) [4] 0 0 (1) 0
Closing Balance 6 7 6 7
Net Derivative Assets (Liabilities) [Member] | PSE And G [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 1 10 (5) 2
Included in Income 0 [1] 0 0 [1] 0 [1]
Included in Regulatory Assets/Liabilities [2] (1) (12) 5 (4)
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) [3] 0 0 0 0
Transfers In (Out) [4] 0 0 0 0
Closing Balance $ 0 $ (2) $ 0 $ (2)
[1] PSEG’s and Power’s gains and losses attributable to changes in net derivative assets and liabilities include $7 million and $26 million in Operating Income for the three months and six months ended June 30, 2017, respectively. Of the $7 million in Operating Income, $4 million is unrealized. Of the $26 million in Operating Income, $1 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 $(3) million and $(25) million in settlements for the three months and six months ended June 30, 2017, respectively.
[4] During the three months ended June 30, 2017 there were no transfers in to or out of Level 3. During the six months ended June 30, 2017, $(1) million of net derivatives assets/liabilities were transferred from Level 2 to Level 3. There were no transfers in to or out of Level 3 during three months and six months ended June 30, 2016.