Revenues Revenues (Tables)
 3 Months Ended
Mar. 31, 2018
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregation of Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSE&G
 
Power
 
Other 
 
Eliminations
 
Consolidated
 
 
 
Millions
 
 
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Revenues from Contracts with Customers
 
 
 
 
 
 
 
 
 
 
 
Electric Distribution
$
690

 
$
—

 
$
—

 
$
—

 
$
690

 
 
Gas Distribution
759

 
—

 
—

 
(3
)
 
756

 
 
Transmission
312

 
—

 
—

 
—

 
312

 
 
Electricity and Related Product Sales
 
 
 
 
 
 
 
 


 
 
 PJM
 
 
 
 
 
 
 
 


 
 
Third Party Sales
—

 
498

 
—

 
—

 
498

 
 
         Sales to Affiliates
—

 
176

 
—

 
(176
)
 
—

 
 
New York ISO
—

 
59

 
—

 
—

 
59

 
 
ISO New England
—

 
47

 
—

 
—

 
47

 
 
Gas Sales
 
 
 
 
 
 
 
 


 
 
Third Party Sales
—

 
64

 
—

 
—

 
64

 
 
Sales to Affiliates
—

 
397

 
—

 
(397
)
 
—

 
 
Other Revenues from Contracts with Customers (A)
72

 
10

 
137

 
(1
)
 
218

 
 
Total Revenues from Contracts with Customers
1,833

 
1,251

 
137

 
(577
)
 
2,644

 
 
Revenues Unrelated to Contracts with Customers (B)
12

 
152

 
10

 
—

 
174

 
 
Total Operating Revenues
$
1,845

 
$
1,403

 
$
147

 
$
(577
)
 
$
2,818

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSE&G
 
Power
 
Other 
 
Eliminations
 
Consolidated
 
 
 
Millions
 
 
Three Months Ended March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenues from Contracts with Customers
 
 
 
 
 
 
 
 
 
 
 
Electric Distribution
$
701

 
$
—

 
$
—

 
$
—

 
$
701

 
 
Gas Distribution
755

 
—

 
—

 
(1
)
 
754

 
 
Transmission
299

 
—

 
—

 
—

 
299

 
 
Electricity and Related Product Sales
 
 
 
 
 
 
 
 


 
 
 PJM
 
 
 
 
 
 
 
 


 
 
Third Party Sales
—

 
314

 
—

 
—

 
314

 
 
         Sales to Affiliates
—

 
184

 
—

 
(184
)
 
—

 
 
New York ISO
—

 
36

 
—

 
—

 
36

 
 
ISO New England
—

 
11

 
—

 
—

 
11

 
 
Gas Sales
 
 
 
 
 
 
 
 


 
 
Third Party Sales
—

 
52

 
—

 
—

 
52

 
 
Sales to Affiliates
—

 
401

 
—

 
(401
)
 
—

 
 
Other Revenues from Contracts with Customers (A)
62

 
10

 
128

 
(1
)
 
199

 
 
Total Revenues from Contracts with Customers
1,817

 
1,008

 
128

 
(587
)
 
2,366

 
 
Revenues Unrelated to Contracts with Customers (B)
9

 
261

 
(45
)
 
—

 
225

 
 
Total Operating Revenues
$
1,826

 
$
1,269

 
$
83

 
$
(587
)
 
$
2,591

 
 
 
 
 
 
 
 
 
 
 
 
 
(A)
Includes primarily revenues from appliance repair services at PSE&G, solar power projects and energy management and fuel service contracts with LIPA at Power, and PSEG LI’s OSA with LIPA in Other.
(B)
Includes primarily alternative revenues at PSE&G, derivative contracts at Power, and lease contracts in Other. In 2017, Other includes a $55 million loss related to Energy Holdings’ investments in leases.
Revenue, Capacity Auction Obligations [Table Text Block]
Capacity Payments from the PJM RPM Annual Base Residual and Incremental Auctions—The Base Residual Auction is conducted annually three years in advance of the operating period. Power expects to realize the following average capacity prices for capacity obligations to be satisfied resulting from the base and incremental auctions which have been completed:
 
 
 
 
 
 
 
 
 
Delivery Year
 
$ per MW-Day
 
MW Cleared
 
 
June 2017 to May 2018
 
$171
 
9,700

 
 
June 2018 to May 2019
 
$205
 
9,200

 
 
June 2019 to May 2020
 
$116
 
8,900

 
 
June 2020 to May 2021
 
$174
 
7,800

 
 
 
 
 
 
 
 
Capacity Payments from the New England ISO Forward Capacity Market—The Forward Capacity Market Auction is conducted annually three years in advance of the operating period. Power expects to realize the following average capacity prices through May 2022 for capacity obligations to be satisfied resulting from the Forward Capacity Market auctions which have been completed:
 
 
 
 
 
 
 
 
 
Delivery Year
 
$ per MW-Day
 
MW Cleared
 
 
June 2017 to May 2018
 
$231
 
850

 
 
June 2018 to May 2019
 
$314
 
830

 
 
June 2019 to May 2020
 
$231
 
850

 
 
June 2020 to May 2021
 
$174
 
850

 
 
June 2021 to May 2022
 
$152
 
460