Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2020

Public Service Electric and Gas Company [Member]

Schedule of Financial Receivables [Line Items]

Schedule Of Credit Risk Profile Based On Payment Activity

Outstanding Loans by Class of Customer
	As of			As of
Consumer Loans	March 31, 2020			December 31, 2019
	Millions
Commercial/Industrial	$	154		$	156
Residential	8			8
Total	$	162		$	164
Current Portion (included in Accounts Receivable)	(26		)	(28		)
Noncurrent Portion (included in Long-Term Investments)	$	136		$	136

The solar loans originated under three Solar Loan Programs comprised as follows:

Programs	Balance as of March 31, 2020		Funding Provided	Residential Loan Term	Non-Residential Loan Term
	Millions
Solar Loan I	$	26	prior to 2013	10 years	15 years
Solar Loan II	82		prior to 2015	10 years	15 years
Solar Loan III	54		largely funded as of December 31, 2019	10 years	10 years
Total	$	162

The average life of loans paid in full is seven years, which is lower than the loan terms of 10 to 15 years due to the generation of SRECs being greater than expected. Payments on all outstanding loans were current as of March 31, 2020 and have an average remaining life of approximately four years.

Energy Holdings [Member]

Schedule of Financial Receivables [Line Items]

Schedule Of Gross And Net Lease Investment

The following table shows Energy Holdings’ gross and net lease investment as of March 31, 2020 and December 31, 2019.

	As of			As of
	March 31, 2020			December 31, 2019
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	470		$	498
Estimated Residual Value of Leased Assets	198			202
Total Investment in Rental Receivables	668			700
Unearned and Deferred Income	(197		)	(203		)
Gross Investments in Leases	471			497
Deferred Tax Liabilities	(325		)	(328		)
Net Investments in Leases	$	146		$	169

Schedule Of Lease Receivables, Net Of Nonrecourse Debt, Associated With Leveraged Lease Portfolio Based On Counterparty Credit Rating

The corresponding receivables associated with the lease portfolio are reflected as follows, net of non-recourse debt. The ratings in the table represent the ratings of the entities providing payment assurance to Energy Holdings.

	Lease Receivables, Net of Non-Recourse Debt
Counterparties’ Credit Rating Standard and Poor’s (S&P) as of March 31, 2020
	As of March 31, 2020
	Millions
AA	$	9
A-	54
BBB+ to BBB	237
BB	132
NR	38
Total	$	470

Schedule Of Assets Under Lease Receivables

A more detailed description of such assets under lease is presented in the following table.

Asset	Location	Gross Investment		% Owned		Total MW	Fuel Type	Counterparties’ S&P Credit Ratings	Counterparty
		Millions
Powerton Station Units 5 and 6	IL	$	75	64	%	1,538	Coal	BB	NRG Energy, Inc.
Joliet Station Units 7 and 8	IL	$	85	64	%	1,036	Gas	BB	NRG Energy, Inc.
Shawville Station Units 1, 2, 3 and 4	PA	$	75	100	%	596	Gas	NR	Shawville Power, LLC