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Revenues Revenues (Tables)
12 Months Ended
Dec. 31, 2020
Revenues [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregation of Revenues
PSE&GPSEG PowerOther EliminationsConsolidated
Millions
Year Ended December 31, 2020
Revenues from Contracts with Customers
Electric Distribution$3,130 $— $— $— $3,130 
Gas Distribution1,646 — — (12)1,634 
Transmission1,485 — — — 1,485 
Electricity and Related Product Sales
PJM
Third-Party Sales
— 1,551 — — 1,551 
Sales to Affiliates
— 447 — (447)— 
NY-ISO
— 124 — — 124 
ISO-NE
— 126 — — 126 
Gas Sales
Third-Party Sales
— 83 — — 83 
Sales to Affiliates
— 771 — (771)— 
Other Revenues from Contracts with Customers (A)338 45 587 (4)966 
Total Revenues from Contracts with Customers6,599 3,147 587 (1,234)9,099 
Revenues Unrelated to Contracts with Customers (B)487 — 504 
Total Operating Revenues$6,608 $3,634 $595 $(1,234)$9,603 
PSE&GPSEG PowerOther EliminationsConsolidated
Millions
Year Ended December 31, 2019
Revenues from Contracts with Customers
Electric Distribution$3,224 $— $— $— $3,224 
Gas Distribution1,870 — — (15)1,855 
Transmission 1,181 — — — 1,181 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 1,785 — — 1,785 
         Sales to Affiliates— 536 — (536)— 
NY-ISO
— 143 — — 143 
ISO-NE
— 137 — — 137 
Gas Sales
Third-Party Sales
— 92 — — 92 
Sales to Affiliates
— 927 — (927)— 
Other Revenues from Contracts with Customers (A)284 46 566 (5)891 
Total Revenues from Contracts with Customers6,559 3,666 566 (1,483)9,308 
Revenues Unrelated to Contracts with Customers (B)66 719 (17)— 768 
Total Operating Revenues$6,625 $4,385 $549 $(1,483)$10,076 
PSE&GPSEG PowerOther EliminationsConsolidated
Millions
Year Ended December 31, 2018
Revenues from Contracts with Customers
Electric Distribution$3,131 $— $— $— $3,131 
Gas Distribution1,756 — — (18)1,738 
Transmission 1,236 — — — 1,236 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 1,933 — — 1,933 
         Sales to Affiliates— 609 — (609)— 
NY-ISO
— 209 — — 209 
ISO-NE
— 92 — — 92 
Gas Sales
Third-Party Sales
— 151 — — 151 
Sales to Affiliates
— 861 — (861)— 
Other Revenues from Contracts with Customers (A)275 44 532 (4)847 
Total Revenues from Contracts with Customers6,398 3,899 532 (1,492)9,337 
Revenues Unrelated to Contracts with Customers (B)73 247 39 — 359 
Total Operating Revenues$6,471 $4,146 $571 $(1,492)$9,696 
(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. For the years ended December 31, 2020, 2019 and 2018, Other includes losses of $26 million, $58 million and $8 million, respectively, related to Energy Holdings’ investments in leases. For additional information, see Note 9. Long-Term Investments.
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 Megawatt (MW)-DayMW Cleared
June 2020 to May 2021$1677,600 
June 2021 to May 2022$1807,000 
Capacity Payments from the ISO-NE 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 
(A)Capacity cleared prices for BH5 through 2026 will be escalated based upon the Handy-Whitman Index. These adjustments are not included above.
Accounts Receivable, Allowance for Credit Loss
The following provides a reconciliation of PSE&G’s allowance for credit losses for the years ended December 31, 2020 and 2019. The allowance is based on PSE&G’s projection of accounts receivable aging, historical experience, economic factors and other currently available evidence, including the estimated impact of the ongoing coronavirus pandemic on the outstanding balances as of December 31, 2020. PSE&G’s electric bad debt expense is recoverable through its Societal Benefits Clause mechanism. As of December 31, 2020, PSE&G deferred incremental gas bad debt expense for future regulatory recovery due to the impact of the ongoing pandemic. See Note 7. Regulatory Assets and Liabilities for additional information.
Years Ended December 31,
20202019
Millions
Balance at Beginning of Year $68 (A)$63 
Utility Customer and Other Accounts
     Provision175 87 
     Write-offs, net of Recoveries of $5 million and $8 million
(37)(90)
Balance at End of Year$206 $60 
(A)Includes an $8 million pre-tax increase upon adoption of ASU 2016-13.