PEG · 10-Q · 2026Q2 · Full report

Capital Expenditure Outlook

PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-08-04 · Importance 56 · Surprise 24

PSEG expects to fund all capital requirements over the next three years through internally generated funds and external debt financing. Management reported no material changes to projected capital expenditures compared with the 2025 Form 10-K. During the six months ended June 30, 2026, PSE&G invested $1.252 billion, primarily in transmission and distribution system reliability. PSE&G also incurred $263 million for energy-efficiency programs and $86 million for the CEF-EE II on-bill repayment program, while PSEG Power & Other invested $134 million in nuclear and information technology projects, excluding $73 million for nuclear fuel.

Key facts

• PSEG’s total capital investment program is estimated in a range of $24 billion to $28 billion, with the regulated capital investments representing the majority of that program. source
• During the six months ended June 30, 2026, PSEG Power & Other made capital expenditures of $134 million, excluding $73 million for nuclear fuel. source
• We expect that all of our capital requirements over the next three years will come from a combination of internally generated funds and external debt financing. source
• There were no material changes to our projected capital expenditures as compared to amounts disclosed in our 2025 Form 10-K. source