XML 104 R84.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (PSEG's, Power's And PSE&G's Respective Assets And (Liabilities) Measured At Fair Value On A Recurring Basis) (Detail) - USD ($)
$ in Millions
Sep. 30, 2021
Jun. 30, 2021
Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Mark-to-Market Derivative Assets $ 153   $ 69
Total Mark-to-Market Derivative (Liabilities) (73)   (25)
PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral Already Posted, Aggregate Fair Value 999 $ 343 54
Total Mark-to-Market Derivative Assets [1] 153   69
Total Mark-to-Market Derivative (Liabilities) [1] (73)   (25)
Collateral netted against assets and liabilities [1],[2] (917)   (8)
Quoted Market Prices of Identical Assets (Level 1) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash Equivalents, Fair Value Disclosure [3] 1,525   312
Quoted Market Prices of Identical Assets (Level 1) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash Equivalents, Fair Value Disclosure 260   50
Significant Other Observable Inputs (Level 2) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash Equivalents, Fair Value Disclosure [3] 0   0
Significant Other Observable Inputs (Level 2) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash Equivalents, Fair Value Disclosure 0   0
Significant Unobservable Inputs (Level 3) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash Equivalents, Fair Value Disclosure [3] 0   0
Significant Unobservable Inputs (Level 3) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash Equivalents, Fair Value Disclosure 0   0
Total Estimate Of Fair Value [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash Equivalents, Fair Value Disclosure [3] 1,525   312
Total Estimate Of Fair Value [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash Equivalents, Fair Value Disclosure 260   50
Energy-Related Contracts [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Mark-to-Market Derivative Assets [4] 145   26
Total Mark-to-Market Derivative (Liabilities) [4] (128)   (33)
Energy-Related Contracts [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Mark-to-Market Derivative Assets [4] 145   26
Total Mark-to-Market Derivative (Liabilities) [4] (128)   (33)
Energy-Related Contracts [Member] | Significant Other Observable Inputs (Level 2) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Mark-to-Market Derivative Assets [4] 2,304   519
Total Mark-to-Market Derivative (Liabilities) [4] (3,155)   (483)
Energy-Related Contracts [Member] | Significant Other Observable Inputs (Level 2) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Mark-to-Market Derivative Assets [4] 2,304   519
Total Mark-to-Market Derivative (Liabilities) [4] (3,155)   483
Energy-Related Contracts [Member] | Significant Unobservable Inputs (Level 3) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Mark-to-Market Derivative Assets [4] 6   12
Total Mark-to-Market Derivative (Liabilities) [4] (9)   (5)
Energy-Related Contracts [Member] | Significant Unobservable Inputs (Level 3) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Mark-to-Market Derivative Assets [4] 6   12
Total Mark-to-Market Derivative (Liabilities) [4] (9)   (5)
Energy-Related Contracts [Member] | Total Estimate Of Fair Value [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Mark-to-Market Derivative Assets [4] 153   69
Total Mark-to-Market Derivative (Liabilities) [4] (73)   (25)
Energy-Related Contracts [Member] | Total Estimate Of Fair Value [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Mark-to-Market Derivative Assets [4] 153   69
Total Mark-to-Market Derivative (Liabilities) [4] (73)   (25)
Cash and Cash Equivalents [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Cash and Cash Equivalents [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Assets [Member] | Energy-Related Contracts [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 2,302   488
Assets [Member] | Energy-Related Contracts [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [1],[2],[5] 2,302   488
Other Liabilities [Member] | Energy-Related Contracts [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] (3,219)   (496)
Other Liabilities [Member] | Energy-Related Contracts [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [1],[2],[5] (3,219)   (496)
Rabbi Trusts Debt Securities Other [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts Debt Securities Other [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts Debt Securities Other [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts Debt Securities Other [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Other [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Other [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Other [Member] | Significant Other Observable Inputs (Level 2) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 111   135
Rabbi Trusts Debt Securities Other [Member] | Significant Other Observable Inputs (Level 2) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 29   33
Rabbi Trusts Debt Securities Other [Member] | Significant Other Observable Inputs (Level 2) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 19   26
Rabbi Trusts Debt Securities Other [Member] | Significant Unobservable Inputs (Level 3) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Other [Member] | Significant Unobservable Inputs (Level 3) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Other [Member] | Significant Unobservable Inputs (Level 3) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Other [Member] | Total Estimate Of Fair Value [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 111   135
Rabbi Trusts Debt Securities Other [Member] | Total Estimate Of Fair Value [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 29   33
Rabbi Trusts Debt Securities Other [Member] | Total Estimate Of Fair Value [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 19   26
Rabbi Trusts Debt Securities Government Obligations [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts Debt Securities Government Obligations [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts Debt Securities Government Obligations [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts Debt Securities Government Obligations [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Government Obligations [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Government Obligations [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 32   41
Rabbi Trusts Debt Securities Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 8   10
Rabbi Trusts Debt Securities Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 6   8
Rabbi Trusts Debt Securities Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Debt Securities Government Obligations [Member] | Total Estimate Of Fair Value [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 32   41
Rabbi Trusts Debt Securities Government Obligations [Member] | Total Estimate Of Fair Value [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 8   10
Rabbi Trusts Debt Securities Government Obligations [Member] | Total Estimate Of Fair Value [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 6   8
Rabbi Trusts US Treasury Obligations [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts US Treasury Obligations [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts US Treasury Obligations [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts US Treasury Obligations [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts US Treasury Obligations [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts US Treasury Obligations [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts US Treasury Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 73   59
Rabbi Trusts US Treasury Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 19   15
Rabbi Trusts US Treasury Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 13   11
Rabbi Trusts US Treasury Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts US Treasury Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts US Treasury Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts US Treasury Obligations [Member] | Total Estimate Of Fair Value [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 73   59
Rabbi Trusts US Treasury Obligations [Member] | Total Estimate Of Fair Value [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 19   15
Rabbi Trusts US Treasury Obligations [Member] | Total Estimate Of Fair Value [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 13   11
Rabbi Trusts Equity Securities Mutual Funds [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts Equity Securities Mutual Funds [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts Equity Securities Mutual Funds [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Rabbi Trusts Equity Securities Mutual Funds [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 27   31
Rabbi Trusts Equity Securities Mutual Funds [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 7   8
Rabbi Trusts Equity Securities Mutual Funds [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 5   6
Rabbi Trusts Equity Securities Mutual Funds [Member] | Significant Other Observable Inputs (Level 2) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Equity Securities Mutual Funds [Member] | Significant Other Observable Inputs (Level 2) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Equity Securities Mutual Funds [Member] | Significant Other Observable Inputs (Level 2) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Equity Securities Mutual Funds [Member] | Significant Unobservable Inputs (Level 3) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Equity Securities Mutual Funds [Member] | Significant Unobservable Inputs (Level 3) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Equity Securities Mutual Funds [Member] | Significant Unobservable Inputs (Level 3) [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Rabbi Trusts Equity Securities Mutual Funds [Member] | Total Estimate Of Fair Value [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 27   31
Rabbi Trusts Equity Securities Mutual Funds [Member] | Total Estimate Of Fair Value [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 7   8
Rabbi Trusts Equity Securities Mutual Funds [Member] | Total Estimate Of Fair Value [Member] | Public Service Electric and Gas Company [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 5   6
Corporate Debt Obligations [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Corporate Debt Obligations [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Corporate Debt Obligations [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Corporate Debt Obligations [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Corporate Debt Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 624   566
Corporate Debt Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 624   566
Corporate Debt Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Corporate Debt Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Corporate Debt Obligations [Member] | Total Estimate Of Fair Value [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 624   566
Corporate Debt Obligations [Member] | Total Estimate Of Fair Value [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 624   566
Government Debt Securities [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Government Debt Securities [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Government Debt Securities [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Government Debt Securities [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Government Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 389   342
Government Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 389   342
Government Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Government Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Government Debt Securities [Member] | Total Estimate Of Fair Value [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 389   342
Government Debt Securities [Member] | Total Estimate Of Fair Value [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 389   342
US Treasury Securities [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
US Treasury Securities [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
US Treasury Securities [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
US Treasury Securities [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
US Treasury Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 324   239
US Treasury Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 324   239
US Treasury Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
US Treasury Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
US Treasury Securities [Member] | Total Estimate Of Fair Value [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 324   239
US Treasury Securities [Member] | Total Estimate Of Fair Value [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 324   239
Equity Securities [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Equity Securities [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Collateral netted against assets and liabilities [5] 0   0
Equity Securities [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 1,257   1,351
Equity Securities [Member] | Quoted Market Prices of Identical Assets (Level 1) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 1,257   1,351
Equity Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   1
Equity Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   1
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments 0   0
Equity Securities [Member] | Total Estimate Of Fair Value [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 1,257   1,352
Equity Securities [Member] | Total Estimate Of Fair Value [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair Value, Measured on Recurring Basis, Investments [6] 1,257   1,352
Nuclear Decommissioning Trust (NDT) Fund [Member] | PSEG Power [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
NDT Fund Foreign Currency $ 1   $ 2
[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 September 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 September 30, 2021 and December 31, 2020, PSEG Power had net cash collateral (receipts) payments to counterparties of $999 million and $54 million, respectively. Of these net cash collateral (receipts) payments, $917 million and $8 million as of September 30, 2021 and December 31, 2020, respectively, were netted against the corresponding net derivative contract positions. Of the $917 million as of September 30, 2021, $676 million was netted against current liabilities and $241 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 money market mutual funds.
[4] Level 1—These contracts represent natural gas futures contracts executed on NYMEX, and are being valued solely on settled pricing inputs which come directly from the exchange.Level 2—Fair values for energy-related contracts are obtained primarily using a market-based approach. Most derivative contracts (forward purchase or sale contracts and swaps) are valued using settled prices from similar assets and liabilities from an exchange, such as NYMEX, ICE and Nodal Exchange, or auction prices. Prices used in
the valuation process are also corroborated independently by management to determine that values are based on actual transaction data or, in the absence of transactions, bid and offers for the day. Examples may include certain exchange and non-exchange traded capacity and electricity contracts and natural gas physical or swap contracts based on market prices, basis adjustments and other premiums where adjustments and premiums are not considered significant to the overall inputs.
Level 3—Unobservable inputs are used for the valuation of certain contracts. See “Additional Information Regarding Level 3 Measurements” below for more information on the utilization of unobservable inputs.
[5] 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.
[6] The fair value measurement table excludes foreign currency of $1 million and $2 million in the NDT Fund as of September 30, 2021 and December 31, 2020, respectively. The NDT Fund maintains investments in various equity and fixed income securities. The Rabbi Trust maintains investments in a Russell 3000 index fund and various fixed income securities. These securities are generally valued with prices that are either exchange provided (equity securities) or market transactions for comparable securities and/or broker quotes (fixed income securities).
Level 1—Investments in marketable equity securities within the NDT Fund are primarily investments in common stocks across a broad range of industries and sectors. Most equity securities are priced utilizing the principal market close price or, in some cases, midpoint, bid or ask price. Certain other equity securities in the NDT and Rabbi Trust Funds consist primarily of investments in money market funds which seek a high level of current income as is consistent with the preservation of capital and the maintenance of liquidity. To pursue its goals, the funds normally invest in diversified portfolios of high quality, short-term, dollar-denominated debt securities and government securities. The funds’ net asset value is priced and published daily. The Rabbi Trust’s Russell 3000 index fund is valued based on quoted prices in an active market and can be redeemed daily without restriction.
Level 2—NDT and Rabbi Trust fixed income securities include investment grade corporate bonds, collateralized mortgage obligations, asset-backed securities and certain government and U.S. Treasury obligations or Federal Agency asset-backed securities and municipal bonds with a wide range of maturities. Since many fixed income securities do not trade on a daily basis, they are priced using an evaluated pricing methodology that varies by asset class and reflects observable market information such as the most recent exchange price or quoted bid for similar securities. Market-based standard inputs typically include benchmark yields, reported trades, broker/dealer quotes and issuer spreads. The preferred stocks are not actively traded on a daily basis and therefore, are also priced using an evaluated pricing methodology. Certain short-term investments are valued using observable market prices or market parameters such as time-to-maturity, coupon rate, quality rating and current yield.