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Revenues Revenues (Tables)
9 Months Ended
Sep. 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 September 30, 2023
Revenues from Contracts with Customers
Electric Distribution$1,281 $— $— $1,281 
Gas Distribution147 — — 147 
Transmission 422 — — 422 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 216 — 216 
Sales to Affiliates— 32 (32)— 
ISO-NE— — 
Gas Sales
Third-Party Sales
— 44 — 44 
Sales to Affiliates
— 55 (55)— 
Other Revenues from Contracts with Customers (B)90 163 (2)251 
Total Revenues from Contracts with Customers1,940 513 (89)2,364 
Revenues Unrelated to Contracts with Customers (C)59 33 — 92 
Total Operating Revenues$1,999 $546 $(89)$2,456 
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Nine Months Ended September 30, 2023
Revenues from Contracts with Customers
Electric Distribution$2,795 $— $— $2,795 
Gas Distribution1,380 — — 1,380 
Transmission 1,251 — — 1,251 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 703 — 703 
Sales to Affiliates— 90 (90)— 
ISO-NE— — 
Gas Sales
Third-Party Sales
— 156 — 156 
Sales to Affiliates
— 703 (703)— 
Other Revenues from Contracts with Customers (B)262 469 (4)727 
Total Revenues from Contracts with Customers5,688 2,130 (797)7,021 
Revenues Unrelated to Contracts with Customers (C)266 1,345 — 1,611 
Total Operating Revenues$5,954 $3,475 $(797)$8,632 
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Three Months Ended September 30, 2022
Revenues from Contracts with Customers
Electric Distribution$1,282 $— $— $1,282 
Gas Distribution160 — — 160 
Transmission 400 — — 400 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 633 — 633 
Sales to Affiliates— 34 (34)— 
ISO-NE— — 
Gas Sales
Third-Party Sales
— 144 — 144 
Sales to Affiliates
— 77 (77)— 
Other Revenues from Contracts with Customers (B)94 160 (3)251 
Total Revenues from Contracts with Customers1,936 1,052 (114)2,874 
Revenues Unrelated to Contracts with Customers (C)17 (619)— (602)
Total Operating Revenues$1,953 $433 $(114)$2,272 
PSE&GPSEG Power & Other (A)EliminationsConsolidated
Millions
Nine Months Ended September 30, 2022
Revenues from Contracts with Customers
Electric Distribution$2,838 $— $— $2,838 
Gas Distribution1,524 — (1)1,523 
Transmission 1,188 — — 1,188 
Electricity and Related Product Sales
 PJM
Third-Party Sales
— 1,690 — 1,690 
Sales to Affiliates— 125 (125)— 
NYISO— 88 — 88 
ISO-NE— 93 — 93 
Gas Sales
Third-Party Sales
— 357 — 357 
Sales to Affiliates
— 805 (805)— 
Other Revenues from Contracts with Customers (B)273 456 (4)725 
Total Revenues from Contracts with Customers5,823 3,614 (935)8,502 
Revenues Unrelated to Contracts with Customers (C)82 (1,923)— (1,841)
Total Operating Revenues$5,905 $1,691 $(935)$6,661 
(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 nine months ended September 30, 2023 and 2022:
Three Months Ended September 30, 2023
Millions
Balance as of June 30, 2023$294 
Utility Customer and Other Accounts
Provision38 
 Write-offs, net of Recoveries of $7 million
(49)
Balance as of September 30, 2023$283 
Nine Months Ended September 30, 2023
Millions
Balance as of January 1, 2023$339 
Utility Customer and Other Accounts
Provision62 
Write-offs, net of Recoveries of $20 million
(118)
Balance as of September 30, 2023$283 
Three Months Ended September 30, 2022
Millions
Balance as of June 30, 2022 $335 
Utility Customer and Other Accounts
Provision24 
 Write-offs, net of Recoveries of $12 million
(35)
Balance as of September 30, 2022$324 
Nine Months Ended September 30, 2022
Millions
Balance as of January 1, 2022$337 
Utility Customer and Other Accounts
Provision63 
Write-offs, net of Recoveries of $34 million
(76)
Balance as of September 30, 2022$324 
Revenue, Capacity Auction Obligations [Table Text Block]
Capacity Revenues from the PJM Annual Base Residual and Incremental Auctions—The Base Residual Auction is generally conducted annually three years in advance of the operating period. The 2023/2024 auction was held in June 2022. In February 2023, the results of the 2024/2025 auction held in December 2022 were released. PSEG Power expects to realize the following average capacity prices resulting from the base and incremental auctions, including unit specific bilateral contracts for previously cleared capacity obligations.
Delivery Year$ 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.