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Revenues Revenues (Tables)
 3 Months Ended
Mar. 31, 2020
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 March 31, 2020
 
 
 
 
 
 
 
 
 
 
 
Revenues from Contracts with Customers
 
 
 
 
 
 
 
 
 
 
 
Electric Distribution
$
649

 
$
—

 
$
—

 
$
—

 
$
649

 
 
Gas Distribution
731

 
—

 
—

 
(2
)
 
729

 
 
Transmission
366

 
—

 
—

 
—

 
366

 
 
Electricity and Related Product Sales
 
 
 
 
 
 
 
 
 
 
 
PJM
 
 
 
 
 
 
 
 
 
 
 
Third-Party Sales
—

 
368

 
—

 
—

 
368

 
 
Sales to Affiliates
—

 
121

 
—

 
(121
)
 
—

 
 
New York ISO
—

 
25

 
—

 
—

 
25

 
 
ISO New England
—

 
48

 
—

 
—

 
48

 
 
Gas Sales
 
 
 
 
 
 
 
 
 
 
 
Third-Party Sales
—

 
29

 
—

 
—

 
29

 
 
Sales to Affiliates
—

 
354

 
—

 
(354
)
 
—

 
 
Other Revenues from Contracts with Customers (A)
82

 
10

 
144

 
(1
)
 
235

 
 
Total Revenues from Contracts with Customers
1,828

 
955

 
144

 
(478
)
 
2,449

 
 
Revenues Unrelated to Contracts with Customers (B)
55

 
265

 
12

 
—

 
332

 
 
Total Operating Revenues
$
1,883

 
$
1,220

 
$
156

 
$
(478
)
 
$
2,781

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSE&G
 
PSEG 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

 
 
 
 
 
 
 
 
 
 
 
 
 
(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 and lease contracts at PSEG Power, and lease contracts in Other.
Accounts Receivable, Allowance for Credit Loss [Table Text Block] The following provides a reconciliation of PSE&G’s allowance for credit losses for the three months ended March 31, 2020:
 
 
 
 
 
 
Three Months Ended March 31, 2020
 
 
 
Millions
 
 
Balance as of January 1, 2020 (A)
$
68

 
 
Utility Customer Accounts
 
 
 
     Provision for Expected Credit Losses
32

 
 
     Write-offs, net of Recoveries of $2 million
(20
)
 
 
Balance as of March 31, 2020
$
80

 
 
 
 
 
(A)
Includes an $8 million pre-tax increase at adoption of ASU 2016-13. See Note 2. Recent Accounting Standards.
Revenue, Capacity Auction Obligations [Table Text Block]
Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions—The Base Residual Auction is generally conducted annually three years in advance of the operating period. The 2022/2023 auction has yet to be held and is not expected until the first half of 2021. PSEG Power expects to realize the following average capacity prices resulting from the base and incremental auctions, including unit specific bilateral contracts for previously cleared capacity obligations.
 
 
 
 
 
 
 
 
 
Delivery Year
 
$ per MW-Day
 
MW Cleared
 
 
June 2019 to May 2020
 
$116
 
8,300

 
 
June 2020 to May 2021
 
$179
 
7,300

 
 
June 2021 to May 2022
 
$182
 
6,900

 
 
 
 
 
 
 
 
Capacity Payments from the ISO New England 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 (BH3) in May 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 through May 2024 and the seven-year rate lock for BH5 through May 2026:
 
 
 
 
 
 
 
 
 
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
 
$141
 
1,060

 
 
June 2024 to May 2025
 
$231
 
480

 
 
June 2025 to May 2026
 
$231
 
480