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Financial Risk Management Activities (Schedule Of Derivative Instruments Fair Value In Balance Sheets) (Detail) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Derivatives, Fair Value [Line Items]    
Derivative Contracts, Current Assets $ 35 $ 60
Derivative Contracts, Noncurrent Assets 8 9
Total Mark-to-Market Derivative Assets 43 69
Derivative Contracts, Current Liabilities (34) (21)
Derivative Contracts, Noncurrent Liabilities (6) (4)
Total Mark-to-Market Derivative (Liabilities) (40) (25)
Net Mark-to-Market Derivative Assets (Liabilities) 3 44
PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Collateral Already Posted, Aggregate Fair Value 338 54
Derivative Contracts, Current Assets [1] 35 60
Derivative Contracts, Noncurrent Assets [1] 8 9
Total Mark-to-Market Derivative Assets [1] 43 69
Derivative Contracts, Current Liabilities [1] (34) (21)
Derivative Contracts, Noncurrent Liabilities [1] (6) (4)
Total Mark-to-Market Derivative (Liabilities) [1] (40) (25)
Net Mark-to-Market Derivative Assets (Liabilities) [1] 3 44
Derivative, Fair Value, Amount Offset Against Collateral, Net [1],[2] 269 8
Other Noncurrent Liabilities [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net 69 21
Other Current Assets [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net (7) (13)
Other Noncurrent Assets [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net (1)  
Other Current Liabilities [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net 208  
Energy-Related Contracts [Member] | Not Designated as Hedging Instrument [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Contracts, Current Assets [1] 682 464
Derivative Contracts, Noncurrent Assets [1] 247 93
Total Mark-to-Market Derivative Assets [1] 929 557
Derivative Contracts, Current Liabilities [1] (882) (412)
Derivative Contracts, Noncurrent Liabilities [1] (313) (109)
Total Mark-to-Market Derivative (Liabilities) [1] (1,195) (521)
Net Mark-to-Market Derivative Assets (Liabilities) [1] (266) 36
Energy-Related Contracts [Member] | Other Noncurrent Liabilities [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [1],[2] 307 105
Energy-Related Contracts [Member] | Other Current Assets [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [1],[2] (647) (404)
Energy-Related Contracts [Member] | Other Noncurrent Assets [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [1],[2] (239) (84)
Energy-Related Contracts [Member] | Assets [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3] (886) (488)
Energy-Related Contracts [Member] | Assets [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [1],[2],[3] (886) (488)
Energy-Related Contracts [Member] | Other Current Liabilities [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [1],[2] 848 391
Energy-Related Contracts [Member] | Other Liabilities [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [3] 1,155 496
Energy-Related Contracts [Member] | Other Liabilities [Member] | PSEG Power [Member]    
Derivatives, Fair Value [Line Items]    
Derivative, Fair Value, Amount Offset Against Collateral, Net [1],[2],[3] $ 1,155 $ 496
[1] Substantially all of PSEG Power’s and PSEG’s derivative instruments are contracts subject to master netting agreements. Contracts not subject to master netting or similar agreements are immaterial and did not have any collateral posted or received as of June 30, 2021 and December 31, 2020.
[2] Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of collateral. All cash collateral (received) posted that has been allocated to derivative positions, where the right of offset exists, has been offset on the Condensed Consolidated Balance Sheets. As of June 30, 2021 and December 31, 2020, PSEG Power had net cash collateral (receipts) payments to counterparties of $338 million and $54 million, respectively. Of these net cash collateral (receipts) payments, $269 million and $8 million as of June 30, 2021 and December 31, 2020, respectively, were netted against the corresponding net derivative contract positions. Of the $269 million as of June 30, 2021, $(7) million was netted against current assets, $(1) million was netted against noncurrent assets, $208 million was netted against current liabilities and $69 million was netted against noncurrent liabilities. Of the $8 million as of December 31, 2020, $(13) million was netted against current assets and $21 million was netted against noncurrent liabilities.
[3] Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of collateral. See Note 13. Financial Risk Management Activities for additional detail.