Revenues Revenues (Tables)

9 Months Ended

Sep. 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 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.

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	$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