PEG · 10-Q · 2026Q2 · Full report

Customer Contract Renewal

PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-08-04 · Importance 37 · Surprise 42

PSEG Long Island has operated the Long Island Power Authority’s electric transmission and distribution system under an Operations Services Agreement since 2014. The original 12-year agreement expired on December 31, 2025, but LIPA approved a five-year extension in 2025. A competing bidder challenged the contract-award process, although the New York Supreme Court granted LIPA’s motion to dismiss in December 2025. The competitor appealed in January 2026.

Key facts

• PSEG LI has operated LIPA’s electric T&D system since 2014 under a 12-year OSA that expired on December 31, 2025, and in 2025 a five year extension of the contract was approved. source
• A competitor filed litigation challenging the LIPA contract process; LIPA's motion to dismiss was granted by the New York Supreme Court in December 2025 and the competitor filed an appeal in January 2026. source