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Commitments and Contingent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022 and 2021.
As of December 31, 2022As of December 31, 2021
 Millions
Face Value of Outstanding Guarantees$1,601 $1,959 
Exposure under Current Guarantees$198 $176 
Letters of Credit Margin Posted$87 $80 
Letters of Credit Margin Received$38 $242 
Cash Deposited and Received
Counterparty Cash Collateral Deposited$— $60 
Counterparty Cash Collateral Received$(1)$(1)
Net Broker Balance Deposited (Received)$1,522 $785 
Additional Amounts Posted
Other Letters of Credit$156 $67 
Total Minimum Purchase Commitments
As of December 31, 2022, the total minimum purchase requirements included in these commitments were as follows:
Fuel TypePSEG Power’s Share of Commitments through 2027
 Millions
Nuclear Fuel
Uranium$390 
Enrichment$327 
Fabrication$189 
Natural Gas $1,310 
Public Service Electric and Gas Company  
Other Commitments [Line Items]  
Contract For Anticipated BGS-Fixed Price Eligible Load
 Auction Year 
 2020202120222023 
36-Month Terms EndingMay 2023May 2024May 2025May 2026(A) 
Load (MW)2,800 2,900 2,800 2,800 
$ per MWh$102.16$64.80$76.30$93.11
(A)Prices set in the 2023 BGS auction will become effective on June 1, 2023 when the 2020 BGS auction agreements expire.