PEG · 8-K · 20260804PR331660

Operating Expense Trends

PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-08-04 · Importance 19 · Surprise 14

Second-quarter total operating expenses increased to $2.093 billion from $1.988 billion, despite the $251 million decline in operating revenue. Energy costs rose to $866 million from $826 million, operation and maintenance costs increased to $906 million from $854 million, and depreciation and amortization increased to $321 million from $308 million. PSE&G operation and maintenance expense increased to $545 million from $504 million, while depreciation and amortization rose to $286 million from $275 million. The company attributed PSE&G pressure to higher operation and maintenance costs, depreciation, and interest expense associated with incremental investments and a prior-year transmission true-up.

Key facts

• Three months ended June 30, 2026 total operating expenses: $2,093 million; PSE&G operating expenses: $1,607 million; PSEG Power & Other operating expenses: $603 million source
• Three months ended June 30, 2026 interest expense: $(269) million total; PSE&G interest expense: $(174) million; PSEG Power & Other interest expense: $(95) million source
• PSEG stated it had higher depreciation and interest expense related to incremental investments and a prior year Transmission true up impacting PSE&G results for the quarter source