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Related-Party Transactions (Schedule Of Related Party Transactions, Receivables) (Details) (Power [Member], USD $)
In Millions
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Power [Member]
   
Receivables from PSE&G through BGS and BGSS Contracts $ 130 [1] $ 372 [1]
Receivables from PSE&G Related to Gas Supply Hedges for BGSS 29 [1] 58 [1]
Tax Sharing Receivables from (Payable to) PSEG (31) [2] 380 [2]
Current Unrecognized Tax Receivable from Parent (6) [2] 1 [2]
Receivable from (Payable to) PSEG 0 (3)
Accounts Receivable-Affiliated Companies, net 98 782
Short-Term Loan to Affiliate (demand Note to PSEG) 609 [3] 398 [3]
Working Capital Advances to Services 17 [4] 17 [4]
Long-Term Accrued Taxes Receivable $ 20 [2] $ 16 [2]
[1] PSE&G has entered into a requirements contract with Power under which Power provides the gas supply services needed to meet PSE&G's BGSS and other contractual requirements through March 31, 2012 and year-to-year thereafter. Power has also entered into contracts to supply energy, capacity and ancillary services to PSE&G through the BGS auction process.
[2] PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a stand-alone basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are net operating losses and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits.
[3] Power's short-term loans with PSEG are for working capital and other short-term needs. Interest Income and Interest Expense relating to these short-term funding activities were immaterial.
[4] Power and PSE&G have advanced working capital to Services. The amounts are included in Other Noncurrent Assets on Power's and PSE&G's Condensed Consolidated Balance Sheets.