PEG · 10-Q · 2026Q2 · Full report
Transmission Rate Proceedings
PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-08-04 · Importance 47 · Surprise 60 · Matches filing data
New Jersey legislation enacted in June 2026 could require transmission owners to belong to an FERC-approved RTO beginning January 1, 2027. PSE&G may lose its existing 50-basis-point FERC return-on-equity adder if the requirement changes the treatment of its PJM membership. The potential loss would reduce PSE&G’s annual net income and annual cash inflows by approximately $40 million. PSE&G anticipates filing an update to its base rates by the end of 2026.
Key facts
- June 2026 New Jersey legislation requires transmission owners to be members of a FERC-approved RTO effective January 1, 2027, which could result in prospective loss of PSE&G’s 50 basis-point ROE adder and reduce PSE&G’s annual Net Income and annual cash inflows by approximately $40 million. source
- Under current FERC rules, PSE&G earns a 50 basis point adder to its base ROE for voluntary membership in PJM as a transmission owner. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | probable | -0.8% | June 2026 New Jersey legislation requires transmission owners to be members of a FERC-approved RTO effective January 1, 2027, which could… |
| cash | negative | probable | -0.0% | June 2026 New Jersey legislation requires transmission owners to be members of a FERC-approved RTO effective January 1, 2027, which could… |