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Fair Value Measurements (Changes In Level 3 Assets And (Liabilities) Measured At Fair Value On A Recurring Basis) (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Mar. 31, 2020
Dec. 31, 2019
PSEG Power [Member]              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]              
Included in Income $ (9) $ (4) $ (13) $ 9      
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss) (9) (9) (17) 3      
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements 2 (5) (2) (6)      
Net Derivative Assets (Liabilities) [Member]              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]              
Closing Balance (8)   (8)        
Net Derivative Assets (Liabilities) [Member] | PSEG Power [Member]              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]              
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value         $ 7 $ 19 $ 7
Opening Balance (1)            
Included in Income [1] 9 4 (13) 9      
Purchases, (Sales) 0 0 0 0      
Issuances (Settlements) [2] 2 (5) (2) (6)      
Transfers In (Out) [3] 0 0 0 0      
Closing Balance (8) 10 (8) 10      
Operating Revenues [Member] | PSEG Power [Member]              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]              
Included in Income (7) (4) (12) 14      
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss) (7) (9) (16) 2      
Energy Costs [Member] | PSEG Power [Member]              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]              
Included in Income (2) 0 (1) (5)      
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss) $ (2) $ 0 $ (1) $ 1      
[1] Unrealized gains (losses) in the following table represent the change in derivative assets and liabilities still held as of June 30, 2021 and 2020.
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
Total Gains (Losses)Unrealized Gains (Losses)Total Gains (Losses)Unrealized Gains (Losses)Total Gains (Losses)Unrealized Gains (Losses)Total Gains (Losses)Unrealized Gains (Losses)
Millions
PSEG and PSEG Power
Operating Revenues$(7)$(7)$(4)$(9)$(12)$(16)$14 $
Energy Costs(2)(2)— — (1)(1)(5)
Total$(9)$(9)$(4)$(9)$(13)$(17)$$
[2] Includes settlements of $2 million and $(2) million for the three months and six months ended June 30, 2021 and $(5) million and $(6) million for the three months and six months ended June 30, 2020.
[3] There were no transfers into or out of Level 3 during the three months and six months ended June 30, 2021 and 2020.