Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2022

PSEG Power [Member]

Loss Contingencies [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 March 31, 2022 and December 31, 2021.

	As of		As of
	March 31, 2022		December 31, 2021
	Millions
Face Value of Outstanding Guarantees	$	1,914	$	1,959
Exposure under Current Guarantees	$	188	$	176
Letters of Credit Margin Posted	$	83	$	80
Letters of Credit Margin Received	$	21	$	242
Cash Deposited and Received
Counterparty Cash Collateral Deposited	$	32	$	60
Counterparty Cash Collateral Received	$	(1)	$	(1)
Net Broker Balance Deposited (Received)	$	1,496	$	785
Additional Amounts Posted
Other Letters of Credit	$	82	$	67

Total Minimum Purchase Commitments

As of March 31, 2022, the total minimum purchase requirements included in these commitments were as follows:

Fuel Type	PSEG Power’s Share of Commitments through 2026
	Millions
Nuclear Fuel
Uranium	$	318
Enrichment	$	314
Fabrication	$	183
Natural Gas	$	1,248

Public Service Electric and Gas Company [Member]

Loss Contingencies [Line Items]

Contract For Anticipated BGS-Fixed Price Eligible Load

	Auction Year
	2019	2020	2021	2022
36-Month Terms Ending	May 2022	May 2023	May 2024	May 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.