Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 and December 31, 2022.

	As of		As of
	March 31, 2023		December 31, 2022
	Millions
Face Value of Outstanding Guarantees	$	1,536	$	1,601
Exposure under Current Guarantees	$	101	$	198
Letters of Credit Margin Posted	$	22	$	87
Letters of Credit Margin Received	$	78	$	38
Cash Deposited and Received
Counterparty Cash Collateral Deposited	$	—	$	—
Counterparty Cash Collateral Received	$	(11)	$	(1)
Net Broker Balance Deposited (Received)	$	738	$	1,522
Additional Amounts Posted
Other Letters of Credit	$	180	$	156

Total Minimum Purchase Commitments

As of March 31, 2023, the total minimum purchase requirements included in these commitments were as follows:

Fuel Type	PSEG Power’s Share of Commitments through 2027
	Millions
Nuclear Fuel
Uranium	$	389
Enrichment	$	309
Fabrication	$	185
Natural Gas	$	1,103

Public Service Electric and Gas Company [Member]

Loss Contingencies [Line Items]

Contract For Anticipated BGS-Fixed Price Eligible Load

	Auction Year
	2020	2021	2022	2023
36-Month Terms Ending	May 2023	May 2024	May 2025	May 2026	(A)
Load (MW)	2,800	2,900	2,800	2,800
$ per MWh	$102.16	$64.80	$76.30	$93.11

(A)Prices set in the 2023 BGS auction will become effective on June 1, 2023 when the 2020 BGS auction agreements expire.