Revenues Revenues (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenues

	PSE&G		Power		Other			Eliminations			Consolidated
	Millions
Three Months Ended June 30, 2018
Revenues from Contracts with Customers
Electric Distribution	$	754	$	—	$	—		$	—		$	754
Gas Distribution	248		—		—			(4		)	244
Transmission	301		—		—			—			301
Electricity and Related Product Sales
PJM
Third Party Sales	—		373		—			—			373
Sales to Affiliates	—		147		—			(147		)	—
New York ISO	—		46		—			—			46
ISO New England	—		14		—			—			14
Gas Sales
Third Party Sales	—		30		—			—			30
Sales to Affiliates	—		108		—			(108		)	—
Other Revenues from Contracts with Customers (A)	63		13		125			(1		)	200
Total Revenues from Contracts with Customers	1,366		731		125			(260		)	1,962
Revenues Unrelated to Contracts with Customers (B)	20		36		(2		)	—			54
Total Operating Revenues	$	1,386	$	767	$	123		$	(260	)	$	2,016

	PSE&G		Power		Other		Eliminations			Consolidated
	Millions
Six Months Ended June 30, 2018
Revenues from Contracts with Customers
Electric Distribution	$	1,444	$	—	$	—	$	—		$	1,444
Gas Distribution	1,007		—		—		(7		)	1,000
Transmission	613		—		—		—			613
Electricity and Related Product Sales
PJM
Third Party Sales	—		871		—		—			871
Sales to Affiliates	—		323		—		(323		)	—
New York ISO	—		105		—		—			105
ISO New England	—		61		—		—			61
Gas Sales
Third Party Sales	—		94		—		—			94
Sales to Affiliates	—		505		—		(505		)	—
Other Revenues from Contracts with Customers (A)	135		23		262		(2		)	418
Total Revenues from Contracts with Customers	3,199		1,982		262		(837		)	4,606
Revenues Unrelated to Contracts with Customers (B)	32		188		8		—			228
Total Operating Revenues	$	3,231	$	2,170	$	270	$	(837	)	$	4,834

	PSE&G		Power		Other			Eliminations			Consolidated
	Millions
Three Months Ended June 30, 2017
Revenues from Contracts with Customers
Electric Distribution	$	757	$	—	$	—		$	—		$	757
Gas Distribution	233		—		—			(6		)	227
Transmission	307		—		—			—			307
Electricity and Related Product Sales
PJM
Third Party Sales	—		302		—			—			302
Sales to Affiliates	—		171		—			(171		)	—
New York ISO	—		50		—			—			50
ISO New England	—		9		—			—			9
Gas Sales
Third Party Sales	—		11		—			—			11
Sales to Affiliates	—		107		—			(107		)	—
Other Revenues from Contracts with Customers (A)	67		12		128			(1		)	206
Total Revenues from Contracts with Customers	1,364		662		128			(285		)	1,869
Revenues Unrelated to Contracts with Customers (B)	29		256		(12		)	—			273
Total Operating Revenues	$	1,393	$	918	$	116		$	(285	)	$	2,142

	PSE&G		Power		Other			Eliminations			Consolidated
	Millions
Six Months Ended June 30, 2017
Revenues from Contracts with Customers
Electric Distribution	$	1,458	$	—	$	—		$	—		$	1,458
Gas Distribution	988		—		—			(7		)	981
Transmission	606		—		—			—			606
Electricity and Related Product Sales
PJM
Third Party Sales	—		616		—			—			616
Sales to Affiliates	—		355		—			(355		)	—
New York ISO	—		86		—			—			86
ISO New England	—		20		—			—			20
Gas Sales
Third Party Sales	—		63		—			—			63
Sales to Affiliates	—		508		—			(508		)	—
Other Revenues from Contracts with Customers (A)	129		22		256			(2		)	405
Total Revenues from Contracts with Customers	3,181		1,670		256			(872		)	4,235
Revenues Unrelated to Contracts with Customers (B)	38		517		(57		)	—			498
Total Operating Revenues	$	3,219	$	2,187	$	199		$	(872	)	$	4,733

(A) Includes primarily revenues from appliance repair services at PSE&G, solar power projects and energy management and fuel service contracts with LIPA at Power, and PSEG LI’s OSA with LIPA in Other.

(B) Includes primarily alternative revenues at PSE&G, derivative contracts at Power, and lease contracts in Other. For the three and six months ended June 30, 2018, Other includes a $20 million loss and for the three and six months ended June 30, 2017, Other includes a $22 million loss and a $77 million loss, respectively, related to Energy Holdings’ investments in leases.

Revenue, Capacity Auction Obligations [Table Text Block]

Capacity Payments from the PJM Reliability Pricing Model (RPM) Annual Base Residual and Incremental Auctions—The Base Residual Auction is conducted annually three years in advance of the operating period. Power expects to realize the following average capacity prices for capacity obligations to be satisfied resulting from the base and incremental auctions which have been completed:

Delivery Year	$ per MW-Day	MW Cleared
June 2018 to May 2019	$205	9,200
June 2019 to May 2020	$116	8,900
June 2020 to May 2021	$174	7,800
June 2021 to May 2022	$178	7,700

Capacity Payments from the New England ISO Forward Capacity Market—The Forward Capacity Market Auction (FCM) is conducted annually three years in advance of the operating period. The table below includes Power’s cleared capacity in the FCM for the Bridgeport Harbor Station 5, which cleared the 2019/2020 auction at $231/MW-day for seven years, with escalations based on the Handy-Whitman Index and the planned retirement of Bridgeport Harbor Station 3 in 2021. Power expects to realize the following average capacity prices for capacity obligations to be satisfied resulting from the FCM auctions which have been completed:

Delivery Year	$ per MW-Day	MW Cleared
June 2018 to May 2019	$314	820
June 2019 to May 2020	$231	1,330
June 2020 to May 2021	$195	1,330
June 2021 to May 2022	$192	950
June 2022 to May 2023	$231	480
June 2023 to May 2024	$231	480
June 2024 to May 2025	$231	480
June 2025 to May 2026	$231	480