Revenues Revenues

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Text Block]

Revenues

Nature of Goods and Services

The following is a description of principal activities by reportable segment from which PSEG, PSE&G and Power generate their revenues.

PSE&G

Revenues from Contracts with Customers

Electric and Gas Distribution and Transmission Revenues—PSE&G sells gas and electricity to customers under default commodity supply tariffs. PSE&G’s regulated electric and gas default commodity supply and distribution services are separate tariffs which are satisfied as the product(s) and/or services are delivered to the customer. The electric and gas commodity and delivery tariffs are recurring contracts in effect until cancellation by the customer. Revenue is recognized over time as the service is rendered to the customer. Included in PSE&G’s regulated revenues are unbilled electric and gas revenues which represent the estimated amount customers will be billed for services rendered from the most recent meter reading to the end of the respective accounting period.

PSE&G’s transmission revenues are earned under a separate FERC tariff. The performance obligation of transmission service is satisfied over time as it is provided to and consumed by the customer. Revenue is recognized upon delivery of the transmission service. PSE&G’s revenues from the transmission of electricity are recorded based on a FERC-approved annual formula rate mechanism. This mechanism provides for an annual filing of an estimated revenue requirement with rates effective January 1 of each year and a mechanism true-up to that estimate based on actual revenue requirements. The true-up mechanism is an alternative revenue which is outside the scope of revenue from contracts with customers.

Other Revenues from Contracts with Customers

Other revenues from contracts with customers, which are not a material source of PSE&G revenues, are generated primarily from appliance repair services and solar generation projects. The performance obligations under these contracts are satisfied and revenue is recognized as control of products is delivered or services are rendered.

Payment for services rendered and products transferred are typically due within 30 days of month of delivery.

Revenues Unrelated to Contracts with Customers

Other PSE&G revenues unrelated to contracts with customers are derived from alternative revenue mechanisms recorded pursuant to regulatory accounting guidance. These revenues, which include weather normalization, green energy program true-ups and transmission formula rate true-ups, are not a material source of PSE&G revenues.

Power

Revenues from Contracts with Customers

Electricity and Related Products—Wholesale and retail load contracts are executed in the different Independent System Operator (ISO) regions for the bundled supply of energy, capacity, renewable energy credits (RECs) and ancillary services representing Power’s performance obligations. Revenue for these contracts is recognized over time as the bundled service is provided to the customer. Transaction terms generally run from several months to three years. Power also sells to the ISOs energy and ancillary services which are separately transacted in the day-ahead or real-time energy markets. The energy and ancillary services performance obligations are typically satisfied over time as delivered and revenue is recognized accordingly. Power generally reports electricity sales and purchases conducted with those individual ISOs net on an hourly basis in either Operating Revenues or Energy Costs in its Consolidated Statements of Operations. The classification depends on the net hourly activity.

Power enters into capacity sales and capacity purchases through the ISOs. The transactions are reported on a net basis dependent on Power’s monthly net sale or purchase position through the individual ISOs. The performance obligations with the ISOs are satisfied over time upon delivery of the capacity and revenue is recognized accordingly. In addition to capacity sold through the ISOs, Power sells capacity through bilateral contracts and the related revenue is reported on a gross basis and recognized over time upon delivery of the capacity.

Gas Contracts—Power sells wholesale natural gas, primarily through an index based full requirements Basic Gas Supply Service (BGSS) contract with PSE&G to meet the gas supply requirements of PSE&G’s customers. The BGSS contract, which extends through March 2019, will renew year-to-year thereafter unless terminated by either party with a two year notice. The performance obligation is primarily delivery of gas which is satisfied over time. Revenue is recognized as gas is delivered. Based upon the availability of natural gas, storage and pipeline capacity beyond PSE&G’s daily needs, Power also sells gas and pipeline capacity to other counterparties under bilateral contracts. The performance obligation under these contracts is satisfied over time upon delivery of the gas or capacity, and revenue is recognized accordingly.

Other Revenues from Contracts with Customers

Power enters into bilateral contracts to sell solar power and solar RECs from its solar facilities. Contract terms range from 15 to 30 years. The performance obligations are generally solar power and RECs which are transferred to customers upon generation. Revenue is recognized upon generation of the solar power.

Power has entered into long-term contracts with LIPA for energy management and fuel procurement services. Revenue is recognized over time as services are rendered.

Revenues Unrelated to Contracts with Customers

Power’s revenues unrelated to contracts with customers include electric, gas and certain energy-related transactions accounted for in accordance with Derivatives and Hedging accounting guidance. See Note 12. Financial Risk Management Activities for further discussion. Power is also a party to solar contracts that qualify as leases and are accounted for in accordance with lease accounting guidance.

Other

Revenues from Contracts with Customers

PSEG LI has a contract with LIPA which generates revenues. PSEG LI’s subsidiary, Long Island Electric Utility Servco, LLC (Servco) records costs which are recovered from LIPA and records the recovery of those costs as revenues when Servco is a principal in the transaction.

Revenues Unrelated to Contracts with Customers

Energy Holdings generates lease revenues which are recorded pursuant to lease accounting guidance.

Disaggregation of Revenues




	PSE&G		Power			Other		Eliminations			Consolidated
	Millions
Three Months Ended September 30, 2018
Revenues from Contracts with Customers
Electric Distribution	$	1,072	$	—		$	—	$	—		$	1,072
Gas Distribution	142		—			—		(6		)	136
Transmission	312		—			—		—			312
Electricity and Related Product Sales
PJM
Third Party Sales	—		558			—		—			558
Sales to Affiliates	—		166			—		(166		)	—
New York ISO	—		56			—		—			56
ISO New England	—		12			—		—			12
Gas Sales
Third Party Sales	—		24			—		—			24
Sales to Affiliates	—		47			—		(47		)	—
Other Revenues from Contracts with Customers (A)	60		12			142		(1		)	213
Total Revenues from Contracts with Customers	1,586		875			142		(220		)	2,383
Revenues Unrelated to Contracts with Customers (B)	9		(7		)	9		—			11
Total Operating Revenues	$	1,595	$	868		$	151	$	(220	)	$	2,394




	PSE&G		Power		Other		Eliminations			Consolidated
	Millions
Nine Months Ended September 30, 2018
Revenues from Contracts with Customers
Electric Distribution	$	2,516	$	—	$	—	$	—		$	2,516
Gas Distribution	1,149		—		—		(13		)	1,136
Transmission	925		—		—		—			925
Electricity and Related Product Sales
PJM
Third Party Sales	—		1,429		—		—			1,429
Sales to Affiliates	—		489		—		(489		)	—
New York ISO	—		161		—		—			161
ISO New England	—		73		—		—			73
Gas Sales
Third Party Sales	—		118		—		—			118
Sales to Affiliates	—		552		—		(552		)	—
Other Revenues from Contracts with Customers (A)	195		35		404		(3		)	631
Total Revenues from Contracts with Customers	4,785		2,857		404		(1,057		)	6,989
Revenues Unrelated to Contracts with Customers (B)	41		181		17		—			239
Total Operating Revenues	$	4,826	$	3,038	$	421	$	(1,057	)	$	7,228




	PSE&G		Power		Other		Eliminations			Consolidated
	Millions
Three Months Ended September 30, 2017
Revenues from Contracts with Customers
Electric Distribution	$	1,014	$	—	$	—	$	—		$	1,014
Gas Distribution	136		—		—		(4		)	132
Transmission	308		—		—		—			308
Electricity and Related Product Sales
PJM
Third Party Sales	—		300		—		—			300
Sales to Affiliates	—		208		—		(208		)	—
New York ISO	—		49		—		—			49
ISO New England	—		15		—		—			15
Gas Sales
Third Party Sales	—		26		—		—			26
Sales to Affiliates	—		44		—		(44		)	—
Other Revenues from Contracts with Customers (A)	59		11		130		(1		)	199
Total Revenues from Contracts with Customers	1,517		653		130		(257		)	2,043
Revenues Unrelated to Contracts with Customers (B)	13		193		5		—			211
Total Operating Revenues	$	1,530	$	846	$	135	$	(257	)	$	2,254




	PSE&G		Power		Other			Eliminations			Consolidated
	Millions
Nine Months Ended September 30, 2017
Revenues from Contracts with Customers
Electric Distribution	$	2,472	$	—	$	—		$	—		$	2,472
Gas Distribution	1,124		—		—			(11		)	1,113
Transmission	914		—		—			—			914
Electricity and Related Product Sales
PJM
Third Party Sales	—		916		—			—			916
Sales to Affiliates	—		563		—			(563		)	—
New York ISO	—		135		—			—			135
ISO New England	—		35		—			—			35
Gas Sales
Third Party Sales	—		89		—			—			89
Sales to Affiliates	—		552		—			(552		)	—
Other Revenues from Contracts with Customers (A)	188		33		386			(3		)	604
Total Revenues from Contracts with Customers	4,698		2,323		386			(1,129		)	6,278
Revenues Unrelated to Contracts with Customers (B)	51		710		(52		)	—			709
Total Operating Revenues	$	4,749	$	3,033	$	334		$	(1,129	)	$	6,987


(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 nine months ended September 30, 2018 and 2017, Other includes a $20 million loss and a $77 million loss, respectively, related to Energy Holdings’ investments in leases.

Contract Balances

PSE&G

PSE&G does not have any material contract balances (rights to consideration for services already provided or obligations to provide services in the future for consideration already received) as of September 30, 2018 and December 31, 2017. Substantially all of PSE&G’s accounts receivable result from contracts with customers. Allowances represented approximately seven percent of accounts receivable as of September 30, 2018 and December 31, 2017.

Power

Power generally collects consideration upon satisfaction of performance obligations, and therefore, Power had no material contract balances as of September 30, 2018 and December 31, 2017.

Power’s accounts receivable include amounts resulting from contracts with customers and other contracts which are out of scope of accounting guidance for revenues from contracts with customers. The majority of these accounts receivable are subject to master netting agreements. As a result, accounts receivable resulting from contracts with customers and receivables unrelated to contracts with customers are netted within Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets. In the wholesale energy markets in which Power operates, payment for services rendered and products transferred are typically due within 30 days of month of delivery. As such, there is little credit risk associated with these receivables and Power typically records no allowances.

Other

PSEG LI does not have any material contract balances as of September 30, 2018 and December 31, 2017.

Remaining Performance Obligations under Fixed Consideration Contracts

Power and PSE&G primarily record revenues as allowed by the guidance, which states that if an entity has a right to consideration from a customer in an amount that corresponds directly with the value to the customer of the entity's performance completed to date, the entity may recognize revenue in the amount to which the entity has a right to invoice. PSEG has future performance obligations under contracts with fixed consideration as follows:

Power

As stated above, capacity transactions with ISOs are reported on a net basis dependent on Power’s monthly net sale or purchase position through the individual ISOs.

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	$170	8,100
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

Bilateral capacity contracts—Capacity obligations pursuant to contract terms through 2029 are anticipated to result in revenues totaling $171 million.

Other

The LIPA OSA is a 12-year services contract ending in 2025 with annual fixed and incentive components. The fixed fee for the provision of services thereunder in 2018 is $64 million and could increase each year based on the change in the Consumer Price Index (CPI). The incentive for 2018 can range from zero to approximately $10 million and could increase each year thereafter based on the change in the CPI.

PSE And G [Member]

Revenue from Contract with Customer [Text Block]

Revenues

Nature of Goods and Services

The following is a description of principal activities by reportable segment from which PSEG, PSE&G and Power generate their revenues.

PSE&G

Revenues from Contracts with Customers

Other Revenues from Contracts with Customers

Payment for services rendered and products transferred are typically due within 30 days of month of delivery.

Revenues Unrelated to Contracts with Customers

Power

Revenues from Contracts with Customers

Other Revenues from Contracts with Customers

Power has entered into long-term contracts with LIPA for energy management and fuel procurement services. Revenue is recognized over time as services are rendered.

Revenues Unrelated to Contracts with Customers

Other

Revenues from Contracts with Customers

Revenues Unrelated to Contracts with Customers

Energy Holdings generates lease revenues which are recorded pursuant to lease accounting guidance.

Disaggregation of Revenues




	PSE&G		Power			Other		Eliminations			Consolidated
	Millions
Three Months Ended September 30, 2018
Revenues from Contracts with Customers
Electric Distribution	$	1,072	$	—		$	—	$	—		$	1,072
Gas Distribution	142		—			—		(6		)	136
Transmission	312		—			—		—			312
Electricity and Related Product Sales
PJM
Third Party Sales	—		558			—		—			558
Sales to Affiliates	—		166			—		(166		)	—
New York ISO	—		56			—		—			56
ISO New England	—		12			—		—			12
Gas Sales
Third Party Sales	—		24			—		—			24
Sales to Affiliates	—		47			—		(47		)	—
Other Revenues from Contracts with Customers (A)	60		12			142		(1		)	213
Total Revenues from Contracts with Customers	1,586		875			142		(220		)	2,383
Revenues Unrelated to Contracts with Customers (B)	9		(7		)	9		—			11
Total Operating Revenues	$	1,595	$	868		$	151	$	(220	)	$	2,394




	PSE&G		Power		Other		Eliminations			Consolidated
	Millions
Nine Months Ended September 30, 2018
Revenues from Contracts with Customers
Electric Distribution	$	2,516	$	—	$	—	$	—		$	2,516
Gas Distribution	1,149		—		—		(13		)	1,136
Transmission	925		—		—		—			925
Electricity and Related Product Sales
PJM
Third Party Sales	—		1,429		—		—			1,429
Sales to Affiliates	—		489		—		(489		)	—
New York ISO	—		161		—		—			161
ISO New England	—		73		—		—			73
Gas Sales
Third Party Sales	—		118		—		—			118
Sales to Affiliates	—		552		—		(552		)	—
Other Revenues from Contracts with Customers (A)	195		35		404		(3		)	631
Total Revenues from Contracts with Customers	4,785		2,857		404		(1,057		)	6,989
Revenues Unrelated to Contracts with Customers (B)	41		181		17		—			239
Total Operating Revenues	$	4,826	$	3,038	$	421	$	(1,057	)	$	7,228




	PSE&G		Power		Other		Eliminations			Consolidated
	Millions
Three Months Ended September 30, 2017
Revenues from Contracts with Customers
Electric Distribution	$	1,014	$	—	$	—	$	—		$	1,014
Gas Distribution	136		—		—		(4		)	132
Transmission	308		—		—		—			308
Electricity and Related Product Sales
PJM
Third Party Sales	—		300		—		—			300
Sales to Affiliates	—		208		—		(208		)	—
New York ISO	—		49		—		—			49
ISO New England	—		15		—		—			15
Gas Sales
Third Party Sales	—		26		—		—			26
Sales to Affiliates	—		44		—		(44		)	—
Other Revenues from Contracts with Customers (A)	59		11		130		(1		)	199
Total Revenues from Contracts with Customers	1,517		653		130		(257		)	2,043
Revenues Unrelated to Contracts with Customers (B)	13		193		5		—			211
Total Operating Revenues	$	1,530	$	846	$	135	$	(257	)	$	2,254




	PSE&G		Power		Other			Eliminations			Consolidated
	Millions
Nine Months Ended September 30, 2017
Revenues from Contracts with Customers
Electric Distribution	$	2,472	$	—	$	—		$	—		$	2,472
Gas Distribution	1,124		—		—			(11		)	1,113
Transmission	914		—		—			—			914
Electricity and Related Product Sales
PJM
Third Party Sales	—		916		—			—			916
Sales to Affiliates	—		563		—			(563		)	—
New York ISO	—		135		—			—			135
ISO New England	—		35		—			—			35
Gas Sales
Third Party Sales	—		89		—			—			89
Sales to Affiliates	—		552		—			(552		)	—
Other Revenues from Contracts with Customers (A)	188		33		386			(3		)	604
Total Revenues from Contracts with Customers	4,698		2,323		386			(1,129		)	6,278
Revenues Unrelated to Contracts with Customers (B)	51		710		(52		)	—			709
Total Operating Revenues	$	4,749	$	3,033	$	334		$	(1,129	)	$	6,987


(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 nine months ended September 30, 2018 and 2017, Other includes a $20 million loss and a $77 million loss, respectively, related to Energy Holdings’ investments in leases.

Contract Balances

PSE&G

Power

Power generally collects consideration upon satisfaction of performance obligations, and therefore, Power had no material contract balances as of September 30, 2018 and December 31, 2017.

Other

PSEG LI does not have any material contract balances as of September 30, 2018 and December 31, 2017.

Remaining Performance Obligations under Fixed Consideration Contracts

Power

As stated above, capacity transactions with ISOs are reported on a net basis dependent on Power’s monthly net sale or purchase position through the individual ISOs.




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	$170	8,100
June 2021 to May 2022	$178	7,700




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

Bilateral capacity contracts—Capacity obligations pursuant to contract terms through 2029 are anticipated to result in revenues totaling $171 million.

Other

Power [Member]

Revenue from Contract with Customer [Text Block]

Revenues

Nature of Goods and Services

The following is a description of principal activities by reportable segment from which PSEG, PSE&G and Power generate their revenues.

PSE&G

Revenues from Contracts with Customers

Other Revenues from Contracts with Customers

Payment for services rendered and products transferred are typically due within 30 days of month of delivery.

Revenues Unrelated to Contracts with Customers

Power

Revenues from Contracts with Customers

Other Revenues from Contracts with Customers

Power has entered into long-term contracts with LIPA for energy management and fuel procurement services. Revenue is recognized over time as services are rendered.

Revenues Unrelated to Contracts with Customers

Other

Revenues from Contracts with Customers

Revenues Unrelated to Contracts with Customers

Energy Holdings generates lease revenues which are recorded pursuant to lease accounting guidance.

Disaggregation of Revenues




	PSE&G		Power			Other		Eliminations			Consolidated
	Millions
Three Months Ended September 30, 2018
Revenues from Contracts with Customers
Electric Distribution	$	1,072	$	—		$	—	$	—		$	1,072
Gas Distribution	142		—			—		(6		)	136
Transmission	312		—			—		—			312
Electricity and Related Product Sales
PJM
Third Party Sales	—		558			—		—			558
Sales to Affiliates	—		166			—		(166		)	—
New York ISO	—		56			—		—			56
ISO New England	—		12			—		—			12
Gas Sales
Third Party Sales	—		24			—		—			24
Sales to Affiliates	—		47			—		(47		)	—
Other Revenues from Contracts with Customers (A)	60		12			142		(1		)	213
Total Revenues from Contracts with Customers	1,586		875			142		(220		)	2,383
Revenues Unrelated to Contracts with Customers (B)	9		(7		)	9		—			11
Total Operating Revenues	$	1,595	$	868		$	151	$	(220	)	$	2,394




	PSE&G		Power		Other		Eliminations			Consolidated
	Millions
Nine Months Ended September 30, 2018
Revenues from Contracts with Customers
Electric Distribution	$	2,516	$	—	$	—	$	—		$	2,516
Gas Distribution	1,149		—		—		(13		)	1,136
Transmission	925		—		—		—			925
Electricity and Related Product Sales
PJM
Third Party Sales	—		1,429		—		—			1,429
Sales to Affiliates	—		489		—		(489		)	—
New York ISO	—		161		—		—			161
ISO New England	—		73		—		—			73
Gas Sales
Third Party Sales	—		118		—		—			118
Sales to Affiliates	—		552		—		(552		)	—
Other Revenues from Contracts with Customers (A)	195		35		404		(3		)	631
Total Revenues from Contracts with Customers	4,785		2,857		404		(1,057		)	6,989
Revenues Unrelated to Contracts with Customers (B)	41		181		17		—			239
Total Operating Revenues	$	4,826	$	3,038	$	421	$	(1,057	)	$	7,228




	PSE&G		Power		Other		Eliminations			Consolidated
	Millions
Three Months Ended September 30, 2017
Revenues from Contracts with Customers
Electric Distribution	$	1,014	$	—	$	—	$	—		$	1,014
Gas Distribution	136		—		—		(4		)	132
Transmission	308		—		—		—			308
Electricity and Related Product Sales
PJM
Third Party Sales	—		300		—		—			300
Sales to Affiliates	—		208		—		(208		)	—
New York ISO	—		49		—		—			49
ISO New England	—		15		—		—			15
Gas Sales
Third Party Sales	—		26		—		—			26
Sales to Affiliates	—		44		—		(44		)	—
Other Revenues from Contracts with Customers (A)	59		11		130		(1		)	199
Total Revenues from Contracts with Customers	1,517		653		130		(257		)	2,043
Revenues Unrelated to Contracts with Customers (B)	13		193		5		—			211
Total Operating Revenues	$	1,530	$	846	$	135	$	(257	)	$	2,254




	PSE&G		Power		Other			Eliminations			Consolidated
	Millions
Nine Months Ended September 30, 2017
Revenues from Contracts with Customers
Electric Distribution	$	2,472	$	—	$	—		$	—		$	2,472
Gas Distribution	1,124		—		—			(11		)	1,113
Transmission	914		—		—			—			914
Electricity and Related Product Sales
PJM
Third Party Sales	—		916		—			—			916
Sales to Affiliates	—		563		—			(563		)	—
New York ISO	—		135		—			—			135
ISO New England	—		35		—			—			35
Gas Sales
Third Party Sales	—		89		—			—			89
Sales to Affiliates	—		552		—			(552		)	—
Other Revenues from Contracts with Customers (A)	188		33		386			(3		)	604
Total Revenues from Contracts with Customers	4,698		2,323		386			(1,129		)	6,278
Revenues Unrelated to Contracts with Customers (B)	51		710		(52		)	—			709
Total Operating Revenues	$	4,749	$	3,033	$	334		$	(1,129	)	$	6,987


(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 nine months ended September 30, 2018 and 2017, Other includes a $20 million loss and a $77 million loss, respectively, related to Energy Holdings’ investments in leases.

Contract Balances

PSE&G

Power

Power generally collects consideration upon satisfaction of performance obligations, and therefore, Power had no material contract balances as of September 30, 2018 and December 31, 2017.

Other

PSEG LI does not have any material contract balances as of September 30, 2018 and December 31, 2017.

Remaining Performance Obligations under Fixed Consideration Contracts

Power

As stated above, capacity transactions with ISOs are reported on a net basis dependent on Power’s monthly net sale or purchase position through the individual ISOs.




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	$170	8,100
June 2021 to May 2022	$178	7,700




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

Bilateral capacity contracts—Capacity obligations pursuant to contract terms through 2029 are anticipated to result in revenues totaling $171 million.

Other