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Fair Value Measurements (A Reconciliation Of The Beginning And Ending Balances Of Level 3 Derivative Contracts And Securities) (Details) (USD $)
In Millions
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
PSEG (Parent) [Member]
Jun. 30, 2011
Power [Member]
Mar. 31, 2011
Power [Member]
Jun. 30, 2010
Power [Member]
Jun. 30, 2011
Net Derivative Assets [Member]
Jun. 30, 2010
Net Derivative Assets [Member]
Jun. 30, 2011
Net Derivative Assets [Member]
Jun. 30, 2010
Net Derivative Assets [Member]
Jun. 30, 2010
NDT Funds [Member]
Jun. 30, 2011
NDT Funds [Member]
Jun. 30, 2010
NDT Funds [Member]
Jun. 30, 2010
Rabbi Trust Funds [Member]
Jun. 30, 2010
Rabbi Trust Funds [Member]
Opening Balance                 $ 2 $ 240 $ 47 $ 105 $ 13 $ 8 $ 9 $ 16 $ 14
Included in Income                 (9) [1] (86) [1] (40) [2] 28 [2] 0 [1] 0 [2] 0 [2] 0 [1] 0 [2]
Included in Regulatory Assets/Liabilities                 6 [3] 0 [3] (4) [3] 45 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3]
Purchases, (Sales)                 1 [4]   19 [4]     0 [4]      
(Issuances) (Settlements)                 (3) [5]   (25) [5]     0 [5]      
Purchases, (Sales) and Settlements                   14   (10) (7)   (3) 0 2
Transfers In (Out)                 0   0     (8)      
Closing Balance 0   0           (3) 168 (3) 168 6 0 6 16 16
Gains and losses attributable to changes in net derivative assets and liabilities, included in Operating Income     (40) (9) (7)     (81)                  
Gains and losses attributable to changes in net derivative assets and liabilities included in OCI (2)   (3) 14     (6)                    
Gains and losses attributable to changes in net derivative assets and liabilities included in Income from Discontinued Operations 1   3 23       1                  
Gains and losses attributable to changes in net derivative assets and liabilities, unrealized (24) (78) (56) (23)                          
Gains and losses attributable to changes in net derivative assets and liabilities, realized     16 14   17   (3)                  
Purchases 37   55                            
Sales (36)   (36)                            
Issuances (9)   (20)                            
Settlements $ 6   $ (5)                            
[1] PSEG's and Power's gains and losses are mainly attributable to changes in net derivative assets and liabilities of which $(7) million and $(81) are included in Operating Income, $(2) million and $(6) million are included in OCI, and less than $1 million and $1 million are included in Income from Discontinued Operations in 2011 and 2010, respectively. Of the $(7) million in Operating Income in 2011, $(24) million is unrealized and $17 million is realized. Of the $(81) million in Operating Income in 2010, $(78) million is unrealized and $(3) million is realized.
[2] PSEG's and Power's gains and losses are mainly attributable to changes in net derivative assets and liabilities of which $(40) million and $(9) million are included in Operating Income, $(3) million and $14 million are included in OCI, and $3 million and $23 million are included in Income from Discontinued Operations in 2011 and 2010, respectively. Of the $(40) million in Operating Income in 2011, $(56) million is unrealized and $16 million is realized. Of the $(9) million in Operating Income in 2010, $(23) million is unrealized and $14 million is realized.
[3] Mainly includes gains/losses on PSE&G's derivative contracts that are not included in either earnings or OCI, as they are deferred as a Regulatory Asset/Liability and are expected to be recovered from/returned to PSE&G's customers.
[4] Includes $37 million in purchases and $(36) million in sales for the three months ended June 30, 2011. Includes $55 million in purchases and $(36) in sales for the six months ended June 30, 2011.
[5] Includes $(9) million in issuances and $6 million in settlements for in the three months ended June 30, 2011. Includes $(20) million in issuances and $(5) million in settlements for the six months ended June 30, 2011.