PEG · 10-Q · 2026Q2 · Full report

Regulated Capital Investment Plan

PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-08-04 · Importance 64 · Surprise 42 · In source text

PSEG estimates regulated capital investment of $22.5 billion to $25.5 billion for 2026 through 2030, representing most of its total capital investment program of $24 billion to $28 billion. The program is expected to produce regulated rate-base compound annual growth of 6.0% to 7.5% from year-end 2025 through year-end 2030. PSE&G’s CEF-EE II program includes approximately $2.9 billion of authorized commitments from January 2025 through June 2027, including a $1.9 billion project-investment budget and approximately $1 billion for customer on-bill repayment. GSMP III was approved for $1.05 billion to replace 525 miles of gas mains, plus $360 million to replace an additional 75 miles, with construction beginning in 2026 and continuing through 2028.

Key facts

• For the years 2026-2030, our regulated capital investment program is estimated to be in a range of $22.5 billion to $25.5 billion. source
• During the six months ended June 30, 2026, PSE&G made capital expenditures of $1,252 million primarily for T&D system reliability. source
• Regulated rate base increased from approximately $34 billion as of December 31, 2024 to approximately $36 billion as of December 31, 2025. source
• We expect regulated capital investments to result in a compound annual growth rate in our regulated rate base in a range of 6.0% to 7.5% from year-end 2025 to year-end 2030. source
• The low end of the capital range includes an extension of the Gas System Modernization Program (GSMP) and Clean Energy Future (CEF)-EE program beyond their currently approved time frames. source

Impact estimates