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Financing Receivables (Tables)
 6 Months Ended
Jun. 30, 2021
Public Service Electric and Gas Company [Member]  
Schedule of Financial Receivables [Line Items]  
Schedule Of Credit Risk Profile Based On Payment Activity
As of
Outstanding Loans by Class of CustomersJune 30,
2021		December 31,
2020
Millions
Commercial/Industrial$133 $145 
Residential5 6 
Total138 151 
Current Portion (included in Accounts Receivable)(30)(29)
Noncurrent Portion (included in Long-Term Investments)$108 $122 
The solar loans originated under three Solar Loan Programs are comprised as follows:
ProgramsBalance as of June 30, 2021Funding ProvidedResidential Loan TermNon-Residential Loan Term
Millions
Solar Loan I$17 prior to 201310 years15 years
Solar Loan II64 prior to 201510 years15 years
Solar Loan III57 largely funded as of June 30, 202110 years10 years
Total $138 
The average life of loans paid in full is eight years, which is lower than the loan terms of 10 to 15 years due to the generation of SRECs being greater than expected and/or cash payments made to the loan. Payments on all outstanding loans were current as of June 30, 2021 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 June 30, 2021 and December 31, 2020.
As of
June 30,
2021		December 31,
2020
Millions
Lease Receivables (net of Non-Recourse Debt)$274 $299 
Estimated Residual Value of Leased Assets55 55 
Total Investment in Rental Receivables329 354 
Unearned and Deferred Income(96)(104)
Gross Investments in Leases233 250 
Deferred Tax Liabilities(57)(64)
Net Investments in Leases$176 $186 
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' Standard & Poor's (S&P) Credit Rating as of June 30, 2021
As of June 30, 2021
Millions
AA$8 
A-51 
BBB+ to BBB178 
BB+37 
Total$274