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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 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 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    
Settlements $ (3) (4) $ (28) $ (24)
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 3 8 29 24
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 6 5 1 13
Included in Income 3 [1] 8 (29) [1] (24) [1]
Included in Regulatory Assets/Liabilities [2] 0 (2) 5 (6)
Purchases, (Sales) 0 4 0 4
Issuances (Settlements) [3] (3) (4) (28) (24)
Transfers In (Out) [4] 0 0 (1) 0
Closing Balance 6 11 6 11
Net Derivative Assets (Liabilities) [Member] | Power [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 6 7 6 11
Included in Income 3 [1] 8 (29) [1] (24) [1]
Included in Regulatory Assets/Liabilities [2] 0 0 0 0
Purchases, (Sales) 0 4 0 4
Issuances (Settlements) [3] (3) (4) (28) (24)
Transfers In (Out) [4] 0 0 (1) 0
Closing Balance 6 15 6 15
Net Derivative Assets (Liabilities) [Member] | PSE And G [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 0 (2) (5) 2
Included in Income 0 [1] 0 0 [1] 0 [1]
Included in Regulatory Assets/Liabilities [2] 0 (2) 5 (6)
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) [3] 0 0 0 0
Transfers In (Out) [4] 0 0 0 0
Closing Balance $ 0 $ (4) $ 0 $ (4)
[1] PSEG’s and Power’s gains and losses attributable to changes in net derivative assets and liabilities include $3 million and $29 million in Operating Income for the three months and nine months ended September 30, 2017, respectively. The $3 million in Operating Income is realized. Of the $29 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 $(28) million in settlements for the three months and nine months ended September 30, 2017, respectively.
[4] During the three months ended September 30, 2017 there were no transfers in to or out of Level 3. During the nine months ended September 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 nine months ended September 30, 2016.