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Revenues Revenues (Tables)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregation of Revenues
PSE&GPSEG PowerOtherEliminationsConsolidated
Millions
Three Months Ended September 30, 2020
Revenues from Contracts with Customers
Electric Distribution$1,157 $— $— $— $1,157 
Gas Distribution116 — — (4)112 
Transmission370 — — — 370 
Electricity and Related Product Sales
PJM
Third-Party Sales
— 464 — — 464 
Sales to Affiliates
— 123 — (123)— 
New York ISO
— 36 — — 36 
ISO New England
— 13 — — 13 
Gas Sales
Third-Party Sales
— 14 — — 14 
Sales to Affiliates
— 50 — (50)— 
Other Revenues from Contracts with Customers (A)76 13 162 (2)249 
Total Revenues from Contracts with Customers1,719 713 162 (179)2,415 
Revenues Unrelated to Contracts with Customers (B)(59)33 (19)— (45)
Total Operating Revenues$1,660 $746 $143 $(179)$2,370 
PSE&GPSEG PowerOther EliminationsConsolidated
Millions
Nine Months Ended September 30, 2020
Revenues from Contracts with Customers
Electric Distribution$2,529 $— $— $— $2,529 
Gas Distribution1,125 — — (8)1,117 
Transmission 1,114 — — — 1,114 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 1,178 — — 1,178 
         Sales to Affiliates— 355 — (355)— 
New York ISO
— 85 — — 85 
ISO New England
— 86 — — 86 
Gas Sales
Third-Party Sales
— 58 — — 58 
Sales to Affiliates
— 528 — (528)— 
Other Revenues from Contracts with Customers (A)241 37 447 (3)722 
Total Revenues from Contracts with Customers5,009 2,327 447 (894)6,889 
Revenues Unrelated to Contracts with Customers (B)(10)322 — — 312 
Total Operating Revenues$4,999 $2,649 $447 $(894)$7,201 
PSE&GPSEG PowerOther EliminationsConsolidated
Millions
Three Months Ended September 30, 2019
Revenues from Contracts with Customers
Electric Distribution$1,096 $— $— $— $1,096 
Gas Distribution130 — — (5)125 
Transmission295 — — — 295 
Electricity and Related Product Sales
PJM
Third-Party Sales
— 488 — — 488 
Sales to Affiliates
— 160 — (160)— 
New York ISO
— 38 — — 38 
ISO New England
— 37 — — 37 
Gas Sales
Third-Party Sales
— 12 — — 12 
Sales to Affiliates
— 58 — (58)— 
Other Revenues from Contracts with Customers (A)64 13 141 (1)217 
Total Revenues from Contracts with Customers1,585 806 141 (224)2,308 
Revenues Unrelated to Contracts with Customers (B)19 (35)10 — (6)
Total Operating Revenues$1,604 $771 $151 $(224)$2,302 
PSE&GPSEG PowerOther EliminationsConsolidated
Millions
Nine Months Ended September 30, 2019
Revenues from Contracts with Customers
Electric Distribution$2,613 $— $— $— $2,613 
Gas Distribution1,272 — — (11)1,261 
Transmission 887 — — — 887 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 1,426 — — 1,426 
         Sales to Affiliates— 416 — (416)— 
New York ISO
— 108 — — 108 
ISO New England
— 85 — — 85 
Gas Sales
Third-Party Sales
— 70 — — 70 
Sales to Affiliates
— 639 — (639)— 
Other Revenues from Contracts with Customers (A)196 37 406 (3)636 
Total Revenues from Contracts with Customers4,968 2,781 406 (1,069)7,086 
Revenues Unrelated to Contracts with Customers (B)50 489 (27)— 512 
Total Operating Revenues$5,018 $3,270 $379 $(1,069)$7,598 
(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 and nine months ended September 30, 2020:
Three Months Ended September 30, 2020
Millions
Balance as of June 30, 2020$121 
Utility Customer and Other Accounts
     Provision 43 
     Write-offs, net of Recoveries of $1 million
(6)
Balance as of September 30, 2020$158 
Nine Months Ended September 30, 2020
Millions
Balance as of January 1, 2020 (A)$68 
Utility Customer and Other Accounts
     Provision120 
     Write-offs, net of Recoveries of $4 million
(30)
Balance as of September 30, 2020$158 
(A)Includes an $8 million pre-tax increase upon 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 mid-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-DayMW Cleared
June 2020 to May 2021$1677,600 
June 2021 to May 2022$1807,000 
Capacity Payments from the ISO New England Forward Capacity Market (FCM)—The 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 2020 to May 2021$1951,330 
June 2021 to May 2022$192950 
June 2022 to May 2023$179950 
June 2023 to May 2024$152930 
June 2024 to May 2025$231480 
June 2025 to May 2026$231480