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Revenues Revenues (Tables)
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregation of Revenues
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Three Months Ended June 30, 2023
Revenues from Contracts with Customers
Electric Distribution$784 $— $— $784 
Gas Distribution274 — — 274 
Transmission 447 — — 447 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 211 — 211 
Sales to Affiliates— 27 (27)— 
NYISO— — — — 
ISO-NE— — 
Gas Sales
Third-Party Sales
— 26 — 26 
Sales to Affiliates
— 115 (115)— 
Other Revenues from Contracts with Customers (B)94 153 (1)246 
Total Revenues from Contracts with Customers1,599 535 (143)1,991 
Revenues Unrelated to Contracts with Customers (C)63 367 — 430 
Total Operating Revenues$1,662 $902 $(143)$2,421 
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Six Months Ended June 30, 2023
Revenues from Contracts with Customers
Electric Distribution$1,514 $— $— $1,514 
Gas Distribution1,233 — — 1,233 
Transmission 872 — — 872 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 487 — 487 
Sales to Affiliates— 58 (58)— 
NYISO— — — — 
ISO-NE— — 
Gas Sales
Third-Party Sales
— 112 — 112 
Sales to Affiliates
— 648 (648)— 
Other Revenues from Contracts with Customers (B)172 306 (2)476 
Total Revenues from Contracts with Customers3,791 1,617 (708)4,700 
Revenues Unrelated to Contracts with Customers (C)164 1,312 — 1,476 
Total Operating Revenues$3,955 $2,929 $(708)$6,176 
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Three Months Ended June 30, 2022
Revenues from Contracts with Customers
Electric Distribution$836 $— $— $836 
Gas Distribution317 — — 317 
Transmission 396 — — 396 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 475 — 475 
Sales to Affiliates— 35 (35)— 
NYISO— — — — 
ISO-NE— — 
Gas Sales
Third-Party Sales
— 77 — 77 
Sales to Affiliates
— 202 (202)— 
Other Revenues from Contracts with Customers (B)94 150 — 244 
Total Revenues from Contracts with Customers1,643 942 (237)2,348 
Revenues Unrelated to Contracts with Customers (C)25 (297)— (272)
Total Operating Revenues$1,668 $645 $(237)$2,076 
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Six Months Ended June 30, 2022
Revenues from Contracts with Customers
Electric Distribution$1,556 $— $— $1,556 
Gas Distribution1,364 — (1)1,363 
Transmission 788 — — 788 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 1,057 — 1,057 
Sales to Affiliates— 91 (91)— 
NYISO— 88 — 88 
ISO-NE— 89 — 89 
Gas Sales
Third-Party Sales
— 213 — 213 
Sales to Affiliates
— 728 (728)— 
Other Revenues from Contracts with Customers (B)179 296 (1)474 
Total Revenues from Contracts with Customers3,887 2,562 (821)5,628 
Revenues Unrelated to Contracts with Customers (C)65 (1,304)— (1,239)
Total Operating Revenues$3,952 $1,258 $(821)$4,389 
(A)Includes revenues applicable to PSEG Power, PSEG LI and Energy Holdings.
(B)Includes primarily revenues from appliance repair services and the sale of solar renewable energy credits (SRECs) at auction at PSE&G. PSEG Power & Other includes PSEG LI’s OSA with LIPA and PSEG Power’s energy management fee with LIPA.
(C)Includes primarily alternative revenues at PSE&G principally from the CIP program and derivative contracts and lease contracts at PSEG Power & Other.
Accounts Receivable, Allowance for Credit Loss [Table Text Block]
The following provides a reconciliation of PSE&G’s allowance for credit losses for the three months and six months ended June 30, 2023 and 2022:
Three Months Ended June 30, 2023
Millions
Balance as of March 31, 2023$319 
Utility Customer and Other Accounts
Provision15 
 Write-offs, net of Recoveries of $6 million
(40)
Balance as of June 30, 2023$294 
Six Months Ended June 30, 2023
Millions
Balance as of January 1, 2023$339 
Utility Customer and Other Accounts
Provision24 
Write-offs, net of Recoveries of $13 million
(69)
Balance as of June 30, 2023$294 
Three Months Ended June 30, 2022
Millions
Balance as of March 31, 2022 $351 
Utility Customer and Other Accounts
Provision
 Write-offs, net of Recoveries of $14 million
(22)
Balance as of June 30, 2022$335 
Six Months Ended June 30, 2022
Millions
Balance as of January 1, 2022$337 
Utility Customer and Other Accounts
Provision39 
Write-offs, net of Recoveries of $22 million
(41)
Balance as of June 30, 2022$335 
Revenue, Capacity Auction Obligations [Table Text Block]
Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions—The Base Residual Auction is generally conducted annually three years in advance of the operating period. The 2023/2024 auction was held in June 2022. In February 2023, the results of the 2024/2025 auction held in December 2022 were released. PSEG Power expects to realize the following average capacity prices resulting from the base and incremental auctions, including unit specific bilateral contracts for previously cleared capacity obligations.
Delivery Year$ per MW-DayMW Cleared
June 2023 to May 2024$503,700 
June 2024 to May 2025$553,500 
Capacity transactions with the PJM Regional Transmission Organization are reported on a net basis dependent on PSEG
Power’s monthly net sale or purchase position.