PEG · 10-Q · 2026Q2 · Full report

Grid Modernization and Reliability

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

PSE&G is investing in transmission and distribution infrastructure to meet growing customer demand and improve system reliability and resiliency in New Jersey. Its CEF-EE II program authorizes approximately $2.9 billion for energy-efficiency projects committed from January 2025 through June 2027, including a $1.9 billion investment budget and approximately $1 billion for customer on-bill repayment. GSMP III authorizes $1.05 billion to replace 525 miles of high-pressure cast-iron and unprotected-steel gas mains, plus another $360 million for 75 miles of gas main. The program began in 2026 and continues through 2028, with trailing services replacement and paving costs into 2029.