PEG · 8-K · 20261106PR451864

Energy Efficiency Programs

PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-11-06 · Importance 58 · Surprise 42

The BPU approved PSE&G’s Clean Energy Future–Energy Efficiency II program, with approximately $1.9 billion of program investment and roughly $1 billion in on-bill repayment financing. The company also described an approved total of approximately $2.9 billion to be spent over six years on energy-efficiency programs for New Jersey residents and businesses. PSEG said these programs are intended to reduce energy use, utility costs, and emissions, and reported more than $1 billion in annual customer savings through CEF-EE programs.

Key facts

• PSE&G's Clean Energy Future—Energy Efficiency II filing was approved for approximately $2.9 billion of spending over six years. source
• PSE&G's BPU-approved Clean Energy Future—Energy Efficiency II program is approximately $1.9 billion, with approximately $1 billion in on-bill repayment financing, effective January 1, 2025. source
• PSE&G submitted an Energy Efficiency 2.5 extension proposal for the program year from July 1, 2027 to June 30, 2028. source
• PSE&G submitted a proposed extension of its energy-efficiency programs for July 1, 2027-June 30, 2028 (Triennium 2.5 Framework). source
• PSE&G's customers have achieved more than $1 billion in annual savings through Clean Energy Future programs. source
• PSE&G's Clean Energy Future—Energy Efficiency programs generate more than $1 billion in annual customer savings. source
• PSE&G launched a virtual power plant pilot in summer 2026. source