PEG · 10-Q · 2026Q2 · Full report
Rate Case and Regulatory Uncertainty
PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-08-04 · Importance 36 · Surprise 42 · In source text
PSE&G anticipates filing an update to its New Jersey base rates by the end of 2026. The BPU’s July 2026 framework for extending energy-efficiency programs changes budget calculations to gross energy savings, adjusts return on equity for performance goals and replaces the existing foregone-revenue collection method. Utility petitions are due September 30, 2026, and the BPU is expected to issue a framework for the third program cycle later in 2026.
Key facts
- In January 2026, the New Jersey Governor issued executive orders directing the BPU to mitigate electric rate increases through state funding during 2026 and to advance resource adequacy solutions; Executive Order No. 1 directed the BPU to complete and issue a study regarding modernization of the traditional electric distribution utility business model. source
- PSE&G currently anticipates filing by year end 2026 to update base rates. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | probable | — | In January 2026, the New Jersey Governor issued executive orders directing the BPU to mitigate electric rate increases through state… |
| revenue | unclear | probable | — | PSE&G currently anticipates filing by year end 2026 to update base rates. |