Commitments and Contingent Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

PSEG Power [Member]

Loss Contingencies [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 September 30, 2020 and December 31, 2019.

	As of		As of
	September 30, 2020		December 31, 2019
	Millions
Face Value of Outstanding Guarantees	$	1,828	$	1,854
Exposure under Current Guarantees	$	86	$	171
Letters of Credit Margin Posted	$	135	$	121
Letters of Credit Margin Received	$	42	$	29
Cash Deposited and Received:
Counterparty Cash Collateral Deposited	$	—	$	—
Counterparty Cash Collateral Received	$	(1)	$	(4)
Net Broker Balance Deposited (Received)	$	57	$	48
Additional Amounts Posted:
Other Letters of Credit	$	52	$	82

Total Minimum Purchase Commitments

As of September 30, 2020, 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	$	180
Enrichment	$	279
Fabrication	$	152
Natural Gas	$	1,164

Public Service Electric and Gas Company [Member]

Loss Contingencies [Line Items]

Contract For Anticipated BGS-Fixed Price Eligible Load

PSE&G contracts for its anticipated BGS-RSCP load on a three-year rolling basis, whereby each year one-third of the load is procured for a three-year period. The contract prices in dollars per MWh for the BGS-RSCP supply, as well as the approximate load, are as follows:

	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 became effective on June 1, 2020 when the 2017 BGS auction agreements expired.