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Commitments and Contingent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2019
PSEG Power LLC  
Other Commitments [Line Items]  
Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions
The following table shows the face value of PSEG Power’s outstanding guarantees, current exposure and margin positions as of December 31, 2019 and 2018.
 
 
 
 
 
 
 
 
 
 
As of December 31, 2019
 
As of December 31, 2018
 
 
 
 
Millions
 
 
Face Value of Outstanding Guarantees
 
$
1,854

 
$
1,772

 
 
Exposure under Current Guarantees
 
$
171

 
$
198

 
 
 
 
 
 
 
 
 
Letters of Credit Margin Posted
 
$
121

 
$
115

 
 
Letters of Credit Margin Received
 
$
29

 
$
26

 
 
 
 
 
 
 
 
 
Cash Deposited and Received
 
 
 
 
 
 
Counterparty Cash Collateral Deposited
 
$
—

 
$
—

 
 
Counterparty Cash Collateral Received
 
$
(4
)
 
$
(10
)
 
 
Net Broker Balance Deposited (Received)
 
$
48

 
$
403

 
 
 
 
 
 
 
 
 
Additional Amounts Posted
 
 
 
 
 
 
Other Letters of Credit
 
$
82

 
$
52

 
 
 
 
 
 
 
 
Total Minimum Purchase Commitments
As of December 31, 2019, the total minimum purchase requirements included in these commitments were as follows:
 
 
 
 
 
 
Fuel Type
 
PSEG Power's Share of Commitments through 2024
 
 
 
 
Millions
 
 
Nuclear Fuel
 
 
 
 
Uranium
 
$
187

 
 
Enrichment
 
$
357

 
 
Fabrication
 
$
185

 
 
Natural Gas
 
$
1,342

 
 
 
 
 
 
Public Service Electric and Gas Company  
Other Commitments [Line Items]  
Contract For Anticipated BGS-Fixed Price Eligible Load
 
 
 
 
 
 
 
 
 
 
 
 
 
Auction Year
 
 
 
 
2017
 
2018
 
2019
 
2020
 
 
 
36-Month Terms Ending
May 2020

 
May 2021

 
May 2022

 
May 2023

(A) 
 
 
Load (MW)
2,800

 
2,900

 
2,800

 
2,800

  
 
 
$ per MWh
$90.78
 
$91.77
 
$98.04
 
$102.16
  
 
 
 
 
 
 
 
 
 
 
 
 

(A)
Prices set in the 2020 BGS auction will become effective on June 1, 2020 when the 2017 BGS auction agreements expire.