XML 72 R50.htm IDEA: XBRL DOCUMENT v3.22.0.1
Commitments and Contingent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2021
Other Commitments [Line Items]  
Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions
The following table shows the face value of PSEG Power’s outstanding guarantees, current exposure and margin positions as of December 31, 2021 and 2020.
As of December 31, 2021As of December 31, 2020
 Millions
Face Value of Outstanding Guarantees$1,959 $1,792 
Exposure under Current Guarantees$176 $128 
Letters of Credit Margin Posted$80 $128 
Letters of Credit Margin Received$242 $45 
Cash Deposited and Received
Counterparty Cash Collateral Deposited$60 $— 
Counterparty Cash Collateral Received$(1)$(5)
Net Broker Balance Deposited (Received)$785 $59 
Additional Amounts Posted
Other Letters of Credit$67 $42 
Total Minimum Purchase Commitments
As of December 31, 2021, the total minimum purchase requirements included in these commitments were as follows:
Fuel TypePSEG Power’s Share of Commitments through 2026
 Millions
Nuclear Fuel
Uranium$226 
Enrichment$331 
Fabrication$193 
Natural Gas (A)$1,266 
(A)Approximately $39 million of commitments related to natural gas were transferred with the sale of PSEG Power’s fossil generation plants in February 2022.
Public Service Electric and Gas Company  
Other Commitments [Line Items]  
Contract For Anticipated BGS-Fixed Price Eligible Load
 Auction Year 
 2019202020212022 
36-Month Terms EndingMay 2022May 2023May 2024May 2025(A) 
Load (MW)2,800 2,800 2,900 2,800 
$ per MWh$98.04$102.16$64.80$76.30
(A)Prices set in the 2022 BGS auction will become effective on June 1, 2022 when the 2019 BGS auction agreements expire.