Commitments And Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2011

Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions

	As of December 31,			As of December 31,
	2011			2010
	Millions
Face Value of Outstanding Guarantees	$	1,756		$	1,936
Exposure under Current Guarantees	$	315		$	330
Letters of Credit Margin Posted	$	135		$	137
Letters of Credit Margin Received	$	91		$	109
Cash Deposited and Received
Counterparty Cash Margin Deposited	$	20		$	0
Counterparty Cash Margin Received	$	(7	)	$	(2	)
Net Broker Balance Deposited (Received)	$	(92	)	$	(28	)
In the Event Power were to Lose its Investment Grade Rating:
Additional Collateral that could be Required	$	812		$	828
Liquidity Available under PSEG's and Power's Credit Facilities to Post Collateral	$	3,415		$	2,750
Additional Amounts Posted
Other Letters of Credit	$	52		$	98

Contract For Anticipated BGS-Fixed Price Eligible Load

	Auction Year
	2009		2010		2011		2012
36-Month Terms Ending		May 2012		May 2013		May 2014		May 2015	(A)
Load (MW)		2,900		2,800		2,800		2,900
$ per kWh		0.10372		0.09577		0.09430		0.08388

(A) Prices set in the 2012 BGS auction will become effective on June 1, 2012 when the 2009 BGS auction agreements expire.

Total Minimum Purchase Commitments

	Commitments through 2016
Fuel Type	Power's Share
		Millions
Nuclear Fuel
Uranium	$	529
Enrichment	$	492
Fabrication	$	166
Natural Gas	$	1,009
Coal	$	282

Insurance coverages and maximum retrospective assessments for its nuclear operations

Type and Source of Coverages	Total Site Coverage				Retrospective Assessments
	Millions
Public and Nuclear Worker Liability (Primary Layer):
ANI	$	375	(A	)	$	0
Nuclear Liability (Excess Layer):
Price-Anderson Act		12,219	(B	)		370
Nuclear Liability Total	$	12,594	(C	)	$	370
Property Damage (Primary Layer):
NEIL Primary (Salem/Hope Creek/Peach Bottom)	$	500			$	18
Property Damage (Excess Layers):
NEIL II (Salem/Hope Creek/Peach Bottom)		750				8
NEIL Blanket Excess (Salem/Hope Creek/Peach Bottom)		850	(D	)		5
Property Damage Total (Per Site)	$	2,100			$	31
Accidental Outage:
NEIL I (Peach Bottom)	$	245	(E	)	$	6
NEIL I (Salem)		281	(E	)		7
NEIL I (Hope Creek)		490	(E	)		6
Replacement Power Total	$	1,016			$	19

(A) The primary limit for Public Liability is a per site aggregate limit with no potential for assessment. The Nuclear Worker Liability represents the potential liability from workers claiming exposure to the hazard of nuclear radiation. This coverage is subject to an industry aggregate limit that is subject to reinstatement at ANI discretion.

(B) Retrospective premium program under the Price-Anderson Act liability provisions of the Atomic Energy Act of 1954, as amended. Power is subject to retrospective assessment with respect to loss from an incident at any licensed nuclear reactor in the U.S. that produces greater than 100 MW of electrical power. This retrospective assessment can be adjusted for inflation every five years. The last adjustment was effective as of October 29, 2008. The next adjustment is due on or before October 29, 2013. This retrospective program is in excess of the Public and Nuclear Worker Liability primary layers.

(C) Limit of liability under the Price-Anderson Act for each nuclear incident.

(D) For property limits in excess of $1.25 billion, Power participates in a Blanket Limit policy where the $850 million limit is shared by Power with Exelon Generation among the Braidwood, Byron, Clinton, Dresden, La Salle, Limerick, Oyster Creek, Quad Cities, TMI-1 facilities owned by Exelon Generation and the Peach Bottom, Salem and Hope Creek facilities. This limit is not subject to reinstatement in the event of a loss. Participation in this program materially reduces Power's premium and the associated potential assessment.

(E) Peach Bottom has an aggregate indemnity limit based on a weekly indemnity of $2.3 million for 52 weeks followed by 80% of the weekly indemnity for 68 weeks. Salem has an aggregate indemnity limit based on a weekly indemnity of $2.5 million for 52 weeks followed by 80% of the weekly indemnity for 75 weeks. Hope Creek has an aggregate indemnity limit based on a weekly indemnity of $4.5 million for 52 weeks followed by 80% of the weekly indemnity for 71 weeks.

Future Minimum Lease Payments

	Power			Other (A)
	Millions
2012	$	2		$	7
2013		2			7
2014		1			7
2015		1			6
2016		0			0
Thereafter		0			0
Total Minimum Lease Payments		6			27
Less: Imputed Interest		(1	)		(5	)
Present Value of Net Minimum Lease Payments	$	5		$	22

PSE&G [Member]

Future Minimum Lease Payments

	Power		PSE&G		Energy Holdings
2012	$	0	$	6	$	1
2013		0		5		1
2014		1		4		0
2015		1		3		0
2016		1		2		0
Thereafter		5		30		7
Total Minimum Lease Payments	$	8	$	50	$	9