PEG · 10-Q · 2026Q2 · Full report

Nuclear Generation Operations

PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-08-04 · Importance 40 · Surprise 42 · In source text

PSEG Power’s nuclear units generated approximately 15.8 terawatt-hours during the first six months of 2026 at a 93.7% capacity factor. The Salem 1, Salem 2 and Hope Creek plants are expected to receive 20-year license extensions, and Hope Creek’s refueling cycle was extended from 18 months to 24 months. PSEG is planning power uprates at Salem Units 1 and 2 to increase generation capacity and reliability and support long-term operation. The nuclear fleet provides more than 80% of New Jersey’s carbon-free energy, and PSEG is evaluating long-term sales of power, capacity and emissions credits.

Key facts

• Effective April 2025, PSEG Power revised the estimated useful lives for the Salem 1, Salem 2 and Hope Creek nuclear plants due to expectation that a 20-year license extension will be approved. source
• We are planning power uprates at Salem Units 1 and 2 to increase generation capacity and reliability and support long-term operation including potential subsequent license renewal. source
• The $134 million of capital expenditures for PSEG Power & Other during the six months ended June 30, 2026 were primarily related to various nuclear projects at PSEG Power and various information technology projects at Services. source
• In 2025, we completed work to extend the refueling cycle at Hope Creek from 18 months to 24 months. source
• PSEG Power & Other had $73 million for nuclear fuel excluded from the $134 million capital expenditures during the six months ended June 30, 2026. source
• During the first six months of 2026, our nuclear units generated approximately 15.8 terawatt hours and operated at a capacity factor of 93.7%. source

Impact estimates