Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 and December 31, 2023.

	As of		As of
	March 31, 2024		December 31, 2023
	Millions
Face Value of Outstanding Guarantees	$	1,351	$	1,381
Exposure under Current Guarantees	$	66	$	118
Letters of Credit Margin Posted	$	10	$	10
Letters of Credit Margin Received	$	39	$	91
Cash Deposited and Received
Counterparty Cash Collateral Deposited	$	—	$	—
Counterparty Cash Collateral Received	$	(1)	$	(2)
Net Broker Balance Deposited (Received)	$	282	$	115
Additional Amounts Posted
Other Letters of Credit	$	159	$	180

Total Minimum Purchase Commitments

As of March 31, 2024, the total minimum purchase requirements included in these commitments were as follows:

Fuel Type	PSEG Power’s Share of Commitments through 2028
	Millions
Nuclear Fuel
Uranium	$	373
Enrichment	$	341
Fabrication	$	183
Natural Gas	$	1,214

Public Service Electric and Gas Company [Member]

Loss Contingencies [Line Items]

Contract For Anticipated BGS-Fixed Price Eligible Load

	Auction Year
	2021	2022	2023	2024
36-Month Terms Ending	May 2024	May 2025	May 2026	May 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.