XML 106 R84.htm IDEA: XBRL DOCUMENT v3.10.0.1
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, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Settlements   $ (3) $ 1 $ (25)
Net Derivative Assets (Liabilities) [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance $ 7 3 7 1
Included in Income (3) [1] 7 4 [1] (26) [1]
Included in Regulatory Assets/Liabilities [2] 0 (1) 0 5
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) [3] 0 (3) 1 (25)
Transfers In (Out) [4] 0 0 0 (1)
Closing Balance 4 6 4 6
Net Derivative Assets (Liabilities) [Member] | Power [Member]        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Opening Balance 7 2 7 6
Included in Income (3) [1] 7 4 [1] (26) [1]
Included in Regulatory Assets/Liabilities [2] 0 0 0 0
Purchases, (Sales) 0 0 0 0
Issuances (Settlements) [3] 0 (3) 1 (25)
Transfers In (Out) [4] 0 0 0 (1)
Closing Balance 4 6 4 6
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   (5)
Included in Income   0   0 [1]
Included in Regulatory Assets/Liabilities [2]   (1)   5
Purchases, (Sales)   0   0
Issuances (Settlements) [3]   0   0
Transfers In (Out) [4]   0   0
Closing Balance   0   0
Operating Revenues [Member] | 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   17
Gains and losses attributable to changes in net derivative assets and liabilities, unrealized (7) 2 1 (2)
Energy Costs [Member] | 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 4 (6) 9
Gains and losses attributable to changes in net derivative assets and liabilities, unrealized $ 4 $ 2 $ (5) $ 3
[1] PSEG’s and Power’s gains(losses) attributable to changes in net derivative assets and liabilities for the three months and six months ended June 30, 2018 include $(7) million and $1 million, respectively, in Operating Revenues and $4 million and $(5) million, respectively, in Energy Costs. Both the $(7) million and $1 million in Operating Revenues are unrealized. Of the $4 million and $(5) million in Energy Costs, $3 million and $(6) million are unrealized. Unrealized gains (losses) represent the change in derivative assets and liabilities still held at the end of the reporting period.
[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 $1 million in settlements for the six months ended June 30, 2018. Represents settlements of $(3) million and $(25) million for the three months and six months ended June 30, 2017, respectively.
[4] During the three months and six months ended June 30, 2018, there were no transfers into or out of Level 3. During the six months ended June 30, 2017, $(1) million of net derivatives were transferred from Level 2 to Level 3.