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Related-Party Transactions
 12 Months Ended
Dec. 31, 2021
Related Party Transaction [Line Items]  
Related-Party Transactions Related-Party Transactions
The following discussion relates to intercompany transactions, which are eliminated during the PSEG consolidation process in accordance with GAAP.
PSE&G
The financial statements for PSE&G include transactions with related parties presented as follows:
 Years Ended December 31,
Related Party Transactions202120202019
 Millions
Billings from Affiliates:
Net Billings from PSEG Power (A)$1,144 $1,207 $1,512 
Administrative Billings from Services (B)394 337 310 
Total Billings from Affiliates$1,538 $1,544 $1,822 
 Years Ended December 31,
Related Party Transactions20212020
 Millions
Payable to PSEG Power (A)$244 $273 
Payable to Services (B)111 95 
Payable to PSEG (C)63 111 
Accounts Payable—Affiliated Companies$418 $479 
Working Capital Advances to Services (D)$33 $33 
Long-Term Accrued Taxes Payable $6 $7 
(A)PSE&G has entered into a requirements contract with PSEG Power under which PSEG Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. PSEG Power has also entered into contracts to supply energy, capacity and ancillary services to PSE&G through the BGS auction process and sells ZECs to PSE&G under the ZEC program. The rates in the BGS and BGSS contracts and for the ZEC sales are prescribed by the BPU. BGS and BGSS sales are billed and settled on a monthly basis. ZEC sales are billed on a monthly basis and settled annually following completion of each energy year. In addition, PSEG Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules.
(B)Services provides and bills administrative services to PSE&G at cost. In addition, PSE&G has other payables to Services, including amounts related to certain common costs, which Services pays on behalf of PSE&G.
(C)PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a stand-alone basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are NOLs and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits.
(D)PSE&G has advanced working capital to Services. The amount is included in Other Noncurrent Assets on PSE&G’s Consolidated Balance Sheets.
Public Service Electric and Gas Company  
Related Party Transaction [Line Items]  
Related-Party Transactions Related-Party Transactions
The following discussion relates to intercompany transactions, which are eliminated during the PSEG consolidation process in accordance with GAAP.
PSE&G
The financial statements for PSE&G include transactions with related parties presented as follows:
 Years Ended December 31,
Related Party Transactions202120202019
 Millions
Billings from Affiliates:
Net Billings from PSEG Power (A)$1,144 $1,207 $1,512 
Administrative Billings from Services (B)394 337 310 
Total Billings from Affiliates$1,538 $1,544 $1,822 
 Years Ended December 31,
Related Party Transactions20212020
 Millions
Payable to PSEG Power (A)$244 $273 
Payable to Services (B)111 95 
Payable to PSEG (C)63 111 
Accounts Payable—Affiliated Companies$418 $479 
Working Capital Advances to Services (D)$33 $33 
Long-Term Accrued Taxes Payable $6 $7 
(A)PSE&G has entered into a requirements contract with PSEG Power under which PSEG Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. PSEG Power has also entered into contracts to supply energy, capacity and ancillary services to PSE&G through the BGS auction process and sells ZECs to PSE&G under the ZEC program. The rates in the BGS and BGSS contracts and for the ZEC sales are prescribed by the BPU. BGS and BGSS sales are billed and settled on a monthly basis. ZEC sales are billed on a monthly basis and settled annually following completion of each energy year. In addition, PSEG Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules.
(B)Services provides and bills administrative services to PSE&G at cost. In addition, PSE&G has other payables to Services, including amounts related to certain common costs, which Services pays on behalf of PSE&G.
(C)PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a stand-alone basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are NOLs and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits.
(D)PSE&G has advanced working capital to Services. The amount is included in Other Noncurrent Assets on PSE&G’s Consolidated Balance Sheets.