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Commitments and Contingent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2018
Other Commitments [Line Items]  
Future Minimum Rental Payments
The total future minimum payments under various operating leases as of December 31, 2018 are:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSE&G
 
Power
 
Services
 
Other
 
Total
 
 
 
 
Millions
 
 
 
 
2019
 
$
15

 
$
11

 
$
14

 
$
1

 
$
41

 
 
2020
 
11

 
13

 
14

 
2

 
40

 
 
2021
 
10

 
13

 
15

 
1

 
39

 
 
2022
 
8

 
14

 
15

 
1

 
38

 
 
2023
 
8

 
8

 
15

 
—

 
31

 
 
Thereafter
 
66

 
51

 
105

 
—

 
222

 
 
Total Minimum Lease Payments
 
$
118

 
$
110

 
$
178

 
$
5

 
$
411

 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSE&G [Member]  
Other Commitments [Line Items]  
Contract For Anticipated BGS-Fixed Price Eligible Load
The contract prices in dollars per MWh for the BGS-RSCP supply, as well as the approximate load, are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
Auction Year
 
 
 
 
2016
 
2017
 
2018
 
2019
 
 
 
36-Month Terms Ending
May 2019

 
May 2020

 
May 2021

 
May 2022

(A) 
 
 
Load (MW)
2,800

 
2,800

 
2,900

 
2,800

  
 
 
$ per MWh
$96.38
 
$90.78
 
$91.77
 
$98.04
  
 
 
 
 
 
 
 
 
 
 
 
 

(A)
Prices set in the 2019 BGS auction will become effective on June 1, 2019 when the 2016 BGS auction agreements expire.
Power [Member]  
Other Commitments [Line Items]  
Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions
The following table shows the face value of Power’s outstanding guarantees, current exposure and margin positions as of December 31, 2018 and 2017.
 
 
 
 
 
 
 
 
 
 
As of December 31, 2018
 
As of December 31, 2017
 
 
 
 
Millions
 
 
Face Value of Outstanding Guarantees
 
$
1,772

 
$
1,701

 
 
Exposure under Current Guarantees
 
$
198

 
$
153

 
 
 
 
 
 
 
 
 
Letters of Credit Margin Posted
 
$
115

 
$
103

 
 
Letters of Credit Margin Received
 
$
26

 
$
32

 
 
 
 
 
 
 
 
 
Cash Deposited and Received
 
 
 
 
 
 
Counterparty Cash Margin Deposited
 
$
—

 
$
—

 
 
Counterparty Cash Margin Received
 
$
(10
)
 
$
(1
)
 
 
Net Broker Balance Deposited (Received)
 
$
403

 
$
147

 
 
 
 
 
 
 
 
 
Additional Amounts Posted
 
 
 
 
 
 
Other Letters of Credit
 
$
52

 
$
61

 
 
 
 
 
 
 
 
Total Minimum Purchase Commitments
As of December 31, 2018, the total minimum purchase requirements included in these commitments were as follows:
 
 
 
 
 
 
Fuel Type
 
Power's Share of Commitments through 2023
 
 
 
 
Millions
 
 
Nuclear Fuel
 
 
 
 
Uranium
 
$
222

 
 
Enrichment
 
$
358

 
 
Fabrication
 
$
167

 
 
Natural Gas
 
$
1,102

 
 
Coal
 
$
429