v3.25.1
Commitments and Contingent Liabilities (Tables)
3 Months Ended
Mar. 31, 2025
PSEG Power [Member]  
Loss Contingencies [Line Items]  
Schedule 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, 2025 and December 31, 2024.

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

As of

 

 

 

 

 

March 31,
2025

 

 

December 31,
2024

 

 

 

 

 

Millions

 

 

 

Face Value of Outstanding Guarantees

 

$

1,078

 

 

$

1,272

 

 

 

Exposure under Current Guarantees

 

$

88

 

 

$

47

 

 

 

 

 

 

 

 

 

 

 

Letters of Credit - Counterparty Margining Posted

 

$

40

 

 

$

4

 

 

 

Letters of Credit - Counterparty Margining Received

 

$

9

 

 

$

24

 

 

 

 

 

 

 

 

 

 

 

Cash Deposited and Received

 

 

 

 

 

 

 

 

Counterparty Cash Collateral Deposited

 

$

 

 

$

 

 

 

Counterparty Cash Collateral Received

 

$

 

 

$

(1

)

 

 

Net Broker Balance Deposited (Received)

 

$

333

 

 

$

245

 

 

 

 

 

 

 

 

 

 

 

Additional Amounts Posted

 

 

 

 

 

 

 

 

Other Letters of Credit

 

$

157

 

 

$

155

 

 

 

 

 

 

 

 

 

 

 

Public Service Electric and Gas Company [Member]  
Loss Contingencies [Line Items]  
Schedule of Contract for Anticipated BGS-RSCP Fixed Price Eligible Load The contract prices in dollars per MWh for the BGS-RSCP supply, as well as the approximate load, are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auction Year

 

 

 

 

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

 

 

36-Month Terms Ending

 

May 2025

 

 

May 2026

 

 

May 2027

 

 

May 2028

 

(A)

 

 

Load (MW)

 

 

2,800

 

 

 

2,800

 

 

 

2,900

 

 

 

2,800

 

 

 

 

$ per MWh

 

$

76.30

 

 

$

93.11

 

 

$

80.88

 

 

$

107.36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A)
Prices set in the 2025 BGS auction will become effective on June 1, 2025 when the 2022 BGS auction agreements expire.