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Financial Risk Management Activities (Tables)
 9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule Of Derivative Instruments Fair Value In Balance Sheets
As of September 30, 2022
Not Designated
Balance Sheet LocationEnergy-
Related
Contracts		Netting
(A)		Total
Derivatives
Millions
Derivative Contracts
Current Assets$2,966 $(2,828)$138 
Noncurrent Assets895 (849)46 
Total Mark-to-Market Derivative Assets$3,861 $(3,677)$184 
Derivative Contracts
Current Liabilities$(4,083)$3,872 $(211)
Noncurrent Liabilities(1,540)1,504 (36)
Total Mark-to-Market Derivative (Liabilities)$(5,623)$5,376 $(247)
Total Net Mark-to-Market Derivative Assets (Liabilities)$(1,762)$1,699 $(63)
As of December 31, 2021
Not Designated
Balance Sheet LocationEnergy-
Related
Contracts		Netting
(A)		Total
Derivatives
 Millions
Derivative Contracts
Current Assets$816 $(744)$72 
Noncurrent Assets546 (518)28 
Total Mark-to-Market Derivative Assets$1,362 $(1,262)$100 
Derivative Contracts
Current Liabilities$(1,055)$1,038 $(17)
Noncurrent Liabilities(856)839 (17)
Total Mark-to-Market Derivative (Liabilities)$(1,911)$1,877 $(34)
Total Net Mark-to-Market Derivative Assets (Liabilities)$(549)$615 $66 
(A)     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, 2022 and December 31, 2021, PSEG Power had net cash collateral (receipts) payments to counterparties of $2,161 million and $844 million, respectively. Of these net cash collateral (receipts) payments, $1,699 million and $615 million as of September 30, 2022 and December 31, 2021, respectively, were netted against the corresponding net derivative contract positions. Of the $1,699 million as of September 30, 2022, $(12) million was netted against current assets, $(6) million against noncurrent assets, $1,056 million against current liabilities and $661 million against noncurrent liabilities. Of the $615 million as of December 31, 2021, $(30) million was netted against current assets, $(13) million against noncurrent assets, $323 million against current liabilities and $335 million against noncurrent liabilities.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following shows the effect on the Condensed Consolidated Statements of Operations and on Accumulated Other Comprehensive Loss (AOCL) of derivative instruments designated as cash flow hedges for the three months and nine months ended September 30, 2022 and 2021:
Derivatives in Cash Flow
Hedging Relationships		Amount of Pre-Tax
Gain (Loss)
Recognized in AOCL on Derivatives		Location of
Pre-Tax Gain (Loss) Reclassified from AOCL into Income		Amount of Pre-Tax
Gain (Loss)
Reclassified from AOCL into Income
Three Months EndedThree Months Ended
September 30,September 30,
2022202120222021
MillionsMillions
PSEG
Interest Rate Swaps$— $— Interest Expense$(1)$(1)
Total PSEG$— $— $(1)$(1)
Derivatives in Cash Flow
Hedging Relationships		Amount of Pre-Tax
Gain (Loss)
Recognized in AOCL on Derivatives		Location of
Pre-Tax Gain (Loss) Reclassified from AOCL into Income		Amount of Pre-Tax
Gain (Loss)
Reclassified from AOCL into Income
Nine Months EndedNine Months Ended
September 30,September 30,
2022202120222021
MillionsMillions
PSEG
Interest Rate Swaps$— $— Interest Expense$(3)$(3)
Total PSEG$— $— $(3)$(3)
The effect of interest rate cash flow hedges is recorded in Interest Expense in PSEG’s Condensed Consolidated Statement of Operations. For the three months and nine months ended September 30, 2022, the amount of loss on interest rate hedges reclassified from Accumulated Other Comprehensive Loss into income was $(1) million and $(2) million after-tax, respectively. For the three months and nine months ended September 30, 2021, the amount of loss on interest rate hedges reclassified from Accumulated Other Comprehensive Loss into income was $(1) million and $(2) million after-tax, respectively.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]
The following reconciles the Accumulated Other Comprehensive Income (Loss) for derivative activity included in AOCL of PSEG on a pre-tax and after-tax basis.
Accumulated Other Comprehensive Income (Loss)Pre-TaxAfter-Tax
Millions
Balance as of December 31, 2020$(13)$(9)
Loss Recognized in AOCL— — 
Less: Loss Reclassified into Income 4 3 
Balance as of December 31, 2021$(9)$(6)
Loss Recognized in AOCL— — 
Less: Loss Reclassified into Income 3 2 
Balance as of September 30, 2022$(6)$(4)
Schedule Of Derivative Instruments Not Designated As Hedging Instruments And Impact On Results Of Operations
The following shows the effect on the Condensed Consolidated Statements of Operations of derivative instruments not designated as hedging instruments or as NPNS for the three months and nine months ended September 30, 2022 and 2021, respectively. PSEG Power’s derivative contracts reflected in this table include contracts to hedge the purchase and sale of electricity and natural gas, and the purchase of fuel. The table does not include contracts that PSEG Power has designated as NPNS, such as its BGS contracts and certain other energy supply contracts that it has with other utilities and companies with retail load.
Derivatives Not Designated as HedgesLocation of Pre-Tax
Gain (Loss)
Recognized in Income
on Derivatives		 Pre-Tax Gain (Loss) Recognized in  Income on Derivatives
Three Months EndedNine Months Ended
September 30,September 30,
2022202120222021
MillionsMillions
Energy-Related ContractsOperating Revenues$(696)$(897)$(2,094)$(1,316)
Energy-Related ContractsEnergy Costs2 116 1 197 
Total$(694)$(781)$(2,093)$(1,119)
Schedule Of Gross Volume, On Absolute Value Basis For Derivative Contracts
The following table summarizes the net notional volume purchases/(sales) of open derivative transactions by commodity as of September 30, 2022 and December 31, 2021.
As ofAs of
TypeNotionalSeptember 30, 2022December 31, 2021
Millions
Natural GasDekatherm (Dth)44 47 
ElectricityMWh(63)(76)
Financial Transmission Rights MWh34 27 
Interest Rate Swaps U.S. Dollars125 — 
PSEG Power [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule Providing Credit Risk From Others, Net Of Collateral
The following table provides information on PSEG Power’s credit risk from wholesale counterparties, net of collateral, as of September 30, 2022. It further delineates that exposure by the credit rating of the counterparties, which is determined by the lowest rating from S&P, Moody’s or an internal scoring model. In addition, it provides guidance on the concentration of credit risk to individual counterparties and an indication of the quality of PSEG Power’s credit risk by credit rating of the counterparties.
As of September 30, 2022, nearly 100% of the net credit exposure for PSEG Power’s wholesale operations was with investment grade counterparties. Credit exposure is defined as any positive results of netting accounts receivable/accounts payable and the forward value of open positions (which includes all financial instruments including derivatives, NPNS and non-derivatives).
RatingCurrent
Exposure		Securities Held as Collateral Net
Exposure		Number of
Counterparties
>10%		Net Exposure of
Counterparties
>10% (A)
MillionsMillions
Investment Grade$99 $14 $85 2 $44 
Non-Investment Grade1 1 — — — 
Total$100 $15 $85 2 $44 
(A)Represents net exposure of $34 million with PSE&G and $10 million with a non-affiliated counterparty.
As of September 30, 2022, collateral held from counterparties where PSEG Power had credit exposure included $15 million in letters of credit.
As of September 30, 2022, PSEG Power had 76 active counterparties.
 [1]
[1] Represents net exposure of $34 million with PSE&G and $10 million with a non-affiliated counterparty.