Revenues Revenues (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019
Revenues from Contracts with Customers
Electric Distribution	$	742	$	—	$	—	$	—		$	742
Gas Distribution	931		—		—		(3		)	928
Transmission	288		—		—		—			288
Electricity and Related Product Sales
PJM
Third Party Sales	—		515		—		—			515
Sales to Affiliates	—		126		—		(126		)	—
New York ISO	—		41		—		—			41
ISO New England	—		21		—		—			21
Gas Sales
Third Party Sales	—		47		—		—			47
Sales to Affiliates	—		479		—		(479		)	—
Other Revenues from Contracts with Customers (A)	64		10		131		(1		)	204
Total Revenues from Contracts with Customers	2,025		1,239		131		(609		)	2,786
Revenues Unrelated to Contracts with Customers (B)	7		177		10		—			194
Total Operating Revenues	$	2,032	$	1,416	$	141	$	(609	)	$	2,980

	PSE&G		Power		Other		Eliminations			Consolidated
	Millions
Three Months Ended March 31, 2018
Revenues from Contracts with Customers
Electric Distribution	$	690	$	—	$	—	$	—		$	690
Gas Distribution	759		—		—		(3		)	756
Transmission	312		—		—		—			312
Electricity and Related Product Sales
PJM
Third Party Sales	—		498		—		—			498
Sales to Affiliates	—		176		—		(176		)	—
New York ISO	—		59		—		—			59
ISO New England	—		47		—		—			47
Gas Sales
Third Party Sales	—		64		—		—			64
Sales to Affiliates	—		397		—		(397		)	—
Other Revenues from Contracts with Customers (A)	72		10		137		(1		)	218
Total Revenues from Contracts with Customers	1,833		1,251		137		(577		)	2,644
Revenues Unrelated to Contracts with Customers (B)	12		152		10		—			174
Total Operating Revenues	$	1,845	$	1,403	$	147	$	(577	)	$	2,818

(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.

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	$115	9,000
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 (FCM) Auction is conducted annually three years in advance of the operating period. The table below includes Power’s cleared capacity in the FCM Auction for the Bridgeport Harbor Station 5 (BH5), 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	$179	950
June 2023 to May 2024	$231	480
June 2024 to May 2025	$231	480
June 2025 to May 2026	$231	480