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Revenues Revenues (Tables)
 12 Months Ended
Dec. 31, 2018
Revenues [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregation of Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSE&G
 
Power
 
Other 
 
Eliminations
 
Consolidated
 
 
 
Millions
 
 
Year Ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Revenues from Contracts with Customers
 
 
 
 
 
 
 
 
 
 
 
Electric Distribution
$
3,131

 
$
—

 
$
—

 
$
—

 
$
3,131

 
 
Gas Distribution
1,756

 
—

 
—

 
(18
)
 
1,738

 
 
Transmission
1,236

 
—

 
—

 
—

 
1,236

 
 
Electricity and Related Product Sales
 
 
 
 
 
 
 
 
 
 
 
PJM
 
 
 
 
 
 
 
 
 
 
 
Third Party Sales
—

 
1,933

 
—

 
—

 
1,933

 
 
Sales to Affiliates
—

 
609

 
—

 
(609
)
 
—

 
 
New York ISO
—

 
209

 
—

 
—

 
209

 
 
ISO New England
—

 
92

 
—

 
—

 
92

 
 
Gas Sales
 
 
 
 
 
 
 
 
 
 
 
Third Party Sales
—

 
151

 
—

 
—

 
151

 
 
Sales to Affiliates
—

 
861

 
—

 
(861
)
 
—

 
 
Other Revenues from Contracts with Customers (A)
275

 
44

 
532

 
(4
)
 
847

 
 
Total Revenues from Contracts with Customers
6,398

 
3,899

 
532

 
(1,492
)
 
9,337

 
 
Revenues Unrelated to Contracts with Customers (B)
73

 
247

 
39

 
—

 
359

 
 
Total Operating Revenues
$
6,471

 
$
4,146

 
$
571

 
$
(1,492
)
 
$
9,696

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSE&G
 
Power
 
Other 
 
Eliminations
 
Consolidated
 
 
 
Millions
 
 
Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenues from Contracts with Customers
 
 
 
 
 
 
 
 
 
 
 
Electric Distribution
$
3,088

 
$
—

 
$
—

 
$
—

 
$
3,088

 
 
Gas Distribution
1,684

 
—

 
—

 
(14
)
 
1,670

 
 
Transmission
1,222

 
—

 
—

 
—

 
1,222

 
 
Electricity and Related Product Sales
 
 
 
 
 
 
 
 
 
 
 
 PJM
 
 
 
 
 
 
 
 
 
 
 
Third Party Sales
—

 
1,199

 
—

 
—

 
1,199

 
 
         Sales to Affiliates
—

 
734

 
—

 
(734
)
 
—

 
 
New York ISO
—

 
181

 
—

 
—

 
181

 
 
ISO New England
—

 
39

 
—

 
—

 
39

 
 
Gas Sales
 
 
 
 
 
 
 
 
 
 
 
Third Party Sales
—

 
134

 
—

 
—

 
134

 
 
Sales to Affiliates
—

 
804

 
—

 
(804
)
 
—

 
 
Other Revenues from Contracts with Customers (A)
265

 
42

 
511

 
(4
)
 
814

 
 
Total Revenues from Contracts with Customers
6,259

 
3,133

 
511

 
(1,556
)
 
8,347

 
 
Revenues Unrelated to Contracts with Customers (B)
65

 
727

 
(45
)
 
—

 
747

 
 
Total Operating Revenues
$
6,324

 
$
3,860

 
$
466

 
$
(1,556
)
 
$
9,094

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSE&G
 
Power
 
Other 
 
Eliminations
 
Consolidated
 
 
 
Millions
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Revenues from Contracts with Customers
 
 
 
 
 
 
 
 
 
 
 
Electric Distribution
$
3,327

 
$
—

 
$
—

 
$
—

 
$
3,327

 
 
Gas Distribution
1,582

 
—

 
—

 
(22
)
 
1,560

 
 
Transmission
1,084

 
—

 
—

 
—

 
1,084

 
 
Electricity and Related Product Sales
 
 
 
 
 
 
 
 
 
 
 
 PJM
 
 
 
 
 
 
 
 
 
 
 
Third Party Sales
—

 
1,060

 
—

 
—

 
1,060

 
 
         Sales to Affiliates
—

 
805

 
—

 
(805
)
 
—

 
 
New York ISO
—

 
169

 
—

 
—

 
169

 
 
ISO New England
—

 
55

 
—

 
—

 
55

 
 
Gas Sales
 
 
 
 
 
 
 
 
 
 
 
Third Party Sales
—

 
114

 
—

 
—

 
114

 
 
Sales to Affiliates
—

 
737

 
—

 
(737
)
 
—

 
 
Other Revenues from Contracts with Customers (A)
292

 
35

 
482

 
(4
)
 
805

 
 
Total Revenues from Contracts with Customers
6,285

 
2,975

 
482

 
(1,568
)
 
8,174

 
 
Revenues Unrelated to Contracts with Customers (B)
18

 
886

 
(112
)
 
—

 
792

 
 
Total Operating Revenues
$
6,303

 
$
3,861

 
$
370

 
$
(1,568
)
 
$
8,966

 
 
 
 
 
 
 
 
 
 
 
 
 
(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. For the years ended December 31, 2018, 2017 and 2016, Other includes losses of $8 million, $77 million and $147 million, respectively, related to Energy Holdings’ investments in leases. For additional information, see Note 8. Long-Term Investments.
Revenue, Capacity Auction Obligations [Table Text Block]
Capacity Payments from the PJM Reliability Pricing Model (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 2018 to May 2019
 
$205
 
9,200

 
 
June 2019 to May 2020
 
$116
 
8,900

 
 
June 2020 to May 2021
 
$170
 
8,100

 
 
June 2021 to May 2022
 
$178
 
7,700

 
 
 
 
 
 
 
 
Capacity Payments from the New England ISO Forward Capacity Market—The Forward Capacity Market (FCM) Auction is conducted annually three years in advance of the operating period. The table below includes Power’s cleared capacity in the FCM Auction for the Bridgeport Harbor Station 5, which cleared the 2019/2020 auction at $231/MW-day for seven years, with escalations based on the Handy-Whitman Index and the planned retirement of Bridgeport Harbor Station 3 in 2021. Power expects to realize the following average capacity prices for capacity obligations to be satisfied resulting from the FCM auctions which have been completed:
 
 
 
 
 
 
 
 
 
Delivery Year
 
$ per MW-Day
 
MW Cleared
 
 
June 2018 to May 2019
 
$314
 
820

 
 
June 2019 to May 2020
 
$231
 
1,330

 
 
June 2020 to May 2021
 
$195
 
1,330

 
 
June 2021 to May 2022
 
$192
 
950

 
 
June 2022 to May 2023
 
$231
 
480

 
 
June 2023 to May 2024
 
$231
 
480

 
 
June 2024 to May 2025
 
$231
 
480

 
 
June 2025 to May 2026
 
$231
 
480

 
 
 
 
 
 
 
 
Bilateral capacity contracts—Capacity obligations pursuant to contract terms through 2029 are anticipated to result in revenues totaling $170 million.