XML 92 R75.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Financial Risk Management Activities (Narrative) (Detail)
$ / Derivative in Millions, $ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
$ / Derivative
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Derivatives, Fair Value [Line Items]      
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax $ 21   $ 3
Unrealized Gain to be Reclassified to Earnings During the Next Twelve Months 8    
Derivative, Fair Value, Amount Offset Against Collateral, Net [1] 198   22
Derivative, Fair Value, Net 17   49
Issuance of Long-term Debt 2,250 $ 900  
PSEG Power [Member]      
Derivatives, Fair Value [Line Items]      
Fair Value of Derivatives with credit-risk related contingent features 86   77
Aggregate fair value of derivative contracts in a liability position that contains triggers for additional collateral 42   3
Additional collateral aggregate fair value 44   74
Derivative, Fair Value, Net 8   60
Public Service Electric and Gas Company [Member]      
Derivatives, Fair Value [Line Items]      
Issuance of Long-term Debt 1,000 $ 900  
Interest Rate Swap [Member] | Designated as Hedging Instrument      
Derivatives, Fair Value [Line Items]      
Derivative, Fair Value, Net 9   $ (11)
Treasury Lock      
Derivatives, Fair Value [Line Items]      
Interest Rate Hedge outstanding     1,000
Derivative, Fair Value, Net 4    
Three Year Variable rate term loan      
Derivatives, Fair Value [Line Items]      
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net 1,750    
Three Year Variable rate term loan | PSEG Power [Member]      
Derivatives, Fair Value [Line Items]      
Issuance of Long-term Debt 1,250    
Three Year Variable rate term loan | Interest Rate Swap [Member] | Designated as Hedging Instrument      
Derivatives, Fair Value [Line Items]      
Derivative, Fair Value, Net 9   $ 5
March 2024 Senior Notes issuance | PSEG [Member]      
Derivatives, Fair Value [Line Items]      
Long-term Debt, Gross $ 1,250    
Parent Variable Rate Term Loan | Interest Rate Swap [Member]      
Derivatives, Fair Value [Line Items]      
Interest Rate Hedge outstanding | $ / Derivative 500    
[1] Represents the netting of fair value balances with the same counterparty (where the right of offset exists) and the application of cash 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 March 31, 2024 and December 31, 2023, PSEG Power had net cash collateral (receipts) payments to counterparties of $281 million and $113 million, respectively. Of these net cash collateral (receipts) payments, $198 million and $22 million as of March 31, 2024 and December 31, 2023, respectively, were netted against the corresponding net derivative contract positions. Of the $198 million as of March 31, 2024, $115 million was netted against current liabilities and $83 million against noncurrent liabilities. Of the $22 million as of December 31, 2023, $(1) million was netted against current assets, $15 million against current liabilities and $8 million against noncurrent liabilities.