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Related-Party Transactions (Schedule Of Related Party Transactions, Receivables) (Detail) - Power [Member] - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Related Party Transaction [Line Items]    
Receivable from PSE&G [1] $ 90 $ 193
Receivable From PSEG 49 12 [2]
Due from Affiliate, Current 139 205
Payable To Services [3] 20 25
Accounts Payable - Affiliated Companies 20 25
Short Term Loan To Affiliate [4] 233 87
Working Capital Advances to Services [5] 17 17
Long-Term Accrued Taxes Payable $ 93 $ 77
[1] PSE&G has entered into a requirements contract with Power under which Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. Power has also entered into contracts to supply energy, capacity and ancillary services to PSE&G through the BGS auction process. In addition, Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules.
[2] PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a stand-alone basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are net operating losses and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits.
[3] Services provides and bills administrative services to PSE&G and Power at cost. In addition, PSE&G and Power have other payables to Services, including amounts related to certain common costs, such as pension and OPEB costs, which Services pays on behalf of each of the operating companies.
[4] Power’s short-term loans with PSEG are for working capital and other short-term needs. Interest Income and Interest Expense relating to these short-term funding activities were immaterial.
[5] PSE&G and Power have advanced working capital to Services. The amounts are included in Other Noncurrent Assets on PSE&G’s and Power’s Condensed Consolidated Balance Sheets.