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Commitments and Contingent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023 and 2022.
As of December 31,
20232022
 Millions
Face Value of Outstanding Guarantees$1,381 $1,601 
Exposure under Current Guarantees$118 $198 
Letters of Credit Margin Posted$10 $87 
Letters of Credit Margin Received$91 $38 
Cash Deposited and Received
Counterparty Cash Collateral Deposited$— $— 
Counterparty Cash Collateral Received$(2)$(1)
Net Broker Balance Deposited (Received)$115 $1,522 
Additional Amounts Posted
Other Letters of Credit$180 $156 
Total Minimum Purchase Commitments
As of December 31, 2023, the total minimum purchase requirements included in these commitments were as follows:
Fuel TypePSEG Power’s Share of Commitments through 2028
 Millions
Nuclear Fuel
Uranium$392 
Enrichment$344 
Fabrication$185 
Natural Gas $1,329 
Public Service Electric and Gas Company  
Other Commitments [Line Items]  
Contract For Anticipated BGS-Fixed Price Eligible Load
 Auction Year 
 2021202220232024 
36-Month Terms EndingMay 2024May 2025May 2026May 2027(A) 
Load (MW)2,900 2,800 2,800 2,900 
$ per MWh$64.80$76.30$93.11$80.88
(A)Prices set in the 2024 BGS auction will become effective on June 1, 2024 when the 2021 BGS auction agreements expire.