Revenues Revenues (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenues

	PSE&G		PSEG Power		Other			Eliminations			Consolidated
	Millions
Three Months Ended June 30, 2019
Revenues from Contracts with Customers
Electric Distribution	$	775	$	—	$	—		$	—		$	775
Gas Distribution	211		—		—			(3		)	208
Transmission	304		—		—			—			304
Electricity and Related Product Sales
PJM
Third Party Sales	—		423		—			—			423
Sales to Affiliates	—		130		—			(130		)	—
New York ISO	—		29		—			—			29
ISO New England	—		27		—			—			27
Gas Sales
Third Party Sales	—		11		—			—			11
Sales to Affiliates	—		102		—			(102		)	—
Other Revenues from Contracts with Customers (A)	68		14		134			(1		)	215
Total Revenues from Contracts with Customers	1,358		736		134			(236		)	1,992
Revenues Unrelated to Contracts with Customers (B)	24		347		(47		)	—			324
Total Operating Revenues	$	1,382	$	1,083	$	87		$	(236	)	$	2,316

	PSE&G		PSEG Power		Other			Eliminations			Consolidated
	Millions
Six Months Ended June 30, 2019
Revenues from Contracts with Customers
Electric Distribution	$	1,517	$	—	$	—		$	—		$	1,517
Gas Distribution	1,142		—		—			(6		)	1,136
Transmission	592		—		—			—			592
Electricity and Related Product Sales
PJM
Third Party Sales	—		938		—			—			938
Sales to Affiliates	—		256		—			(256		)	—
New York ISO	—		70		—			—			70
ISO New England	—		48		—			—			48
Gas Sales
Third Party Sales	—		58		—			—			58
Sales to Affiliates	—		581		—			(581		)	—
Other Revenues from Contracts with Customers (A)	132		24		265			(2		)	419
Total Revenues from Contracts with Customers	3,383		1,975		265			(845		)	4,778
Revenues Unrelated to Contracts with Customers (B)	31		524		(37		)	—			518
Total Operating Revenues	$	3,414	$	2,499	$	228		$	(845	)	$	5,296

	PSE&G		PSEG Power		Other			Eliminations			Consolidated
	Millions
Three Months Ended June 30, 2018
Revenues from Contracts with Customers
Electric Distribution	$	754	$	—	$	—		$	—		$	754
Gas Distribution	248		—		—			(4		)	244
Transmission	301		—		—			—			301
Electricity and Related Product Sales
PJM
Third Party Sales	—		373		—			—			373
Sales to Affiliates	—		147		—			(147		)	—
New York ISO	—		46		—			—			46
ISO New England	—		14		—			—			14
Gas Sales
Third Party Sales	—		30		—			—			30
Sales to Affiliates	—		108		—			(108		)	—
Other Revenues from Contracts with Customers (A)	63		13		125			(1		)	200
Total Revenues from Contracts with Customers	1,366		731		125			(260		)	1,962
Revenues Unrelated to Contracts with Customers (B)	20		36		(2		)	—			54
Total Operating Revenues	$	1,386	$	767	$	123		$	(260	)	$	2,016

	PSE&G		PSEG Power		Other		Eliminations			Consolidated
	Millions
Six Months Ended June 30, 2018
Revenues from Contracts with Customers
Electric Distribution	$	1,444	$	—	$	—	$	—		$	1,444
Gas Distribution	1,007		—		—		(7		)	1,000
Transmission	613		—		—		—			613
Electricity and Related Product Sales
PJM
Third Party Sales	—		871		—		—			871
Sales to Affiliates	—		323		—		(323		)	—
New York ISO	—		105		—		—			105
ISO New England	—		61		—		—			61
Gas Sales
Third Party Sales	—		94		—		—			94
Sales to Affiliates	—		505		—		(505		)	—
Other Revenues from Contracts with Customers (A)	135		23		262		(2		)	418
Total Revenues from Contracts with Customers	3,199		1,982		262		(837		)	4,606
Revenues Unrelated to Contracts with Customers (B)	32		188		8		—			228
Total Operating Revenues	$	3,231	$	2,170	$	270	$	(837	)	$	4,834

(A) Includes primarily revenues from appliance repair services at PSE&G, solar power projects and energy management and fuel service contracts with LIPA at PSEG Power, and PSEG LI’s OSA with LIPA in Other.

(B)

Includes primarily alternative revenues at PSE&G, derivative contracts at PSEG 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. PSEG 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 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 PSEG 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, and the planned retirement of Bridgeport Harbor Station 3 in 2021. PSEG 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 (A)	MW Cleared
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