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Commitments and Contingent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2020
PSEG Power LLC  
Other Commitments [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 December 31, 2020 and 2019.
As of December 31, 2020As of December 31, 2019
 Millions
Face Value of Outstanding Guarantees$1,792 $1,854 
Exposure under Current Guarantees$128 $171 
Letters of Credit Margin Posted$128 $121 
Letters of Credit Margin Received$45 $29 
Cash Deposited and Received
Counterparty Cash Collateral Deposited$— $— 
Counterparty Cash Collateral Received$(5)$(4)
Net Broker Balance Deposited (Received)$59 $48 
Additional Amounts Posted
Other Letters of Credit$42 $82 
Total Minimum Purchase Commitments
As of December 31, 2020, the total minimum purchase requirements included in these commitments were as follows:
Fuel TypePSEG Power’s Share of Commitments through 2025
 Millions
Nuclear Fuel
Uranium$193 
Enrichment$346 
Fabrication$174 
Natural Gas$1,256 
Public Service Electric and Gas Company  
Other Commitments [Line Items]  
Contract For Anticipated BGS-Fixed Price Eligible Load
 Auction Year 
 2018201920202021 
36-Month Terms EndingMay 2021May 2022May 2023May 2024(A) 
Load (MW)2,900 2,800 2,800 2,900 
$ per MWh$91.77$98.04$102.16$64.80
(A)Prices set in the 2021 BGS auction will become effective on June 1, 2021 when the 2018 BGS auction agreements expire.