PEG · 10-Q · 2026Q3 · Full report

Nuclear Generation Operations

PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-11-02 · Importance 50 · Surprise 24 · In source text

PSEG Power’s nuclear units generated approximately 23.9 terawatt hours in the first nine months of 2026 and operated at a 94.3% capacity factor. PSEG plans power uprates at Salem 1 and Salem 2 to increase generation capacity and reliability, and completed work in 2025 to extend Hope Creek’s refueling cycle from 18 to 24 months. During a scheduled October 2026 refueling outage, an inspection at Salem 1 found thermal-shield degradation; further testing is underway and is expected to extend the outage, with the impact dependent on inspection results and required repairs.

Key facts

• A visual inspection during Salem 1's scheduled refueling outage in October 2026 found degradation to the reactor vessel thermal shield; testing is ongoing and expected to extend the outage, with the impact dependent on inspection results and necessary repairs.
• PSEG Power's nuclear units generated approximately 23.9 terawatt hours and operated at a 94.3% capacity factor during the first nine months of 2026.
• PSEG is planning power uprates at Salem 1 and 2 to increase generation capacity and reliability and support long-term operation, including a potential subsequent license renewal.
• Effective April 2025, PSEG Power revised the estimated useful lives of Salem 1, Salem 2, and Hope Creek because it expects approval of 20-year license extensions.
• In 2025, PSEG completed work extending Hope Creek's refueling cycle from 18 months to 24 months.
• PSEG's nuclear units provide over 80% of New Jersey's carbon-free energy.
• PSEG Power's nine-month 2026 O&M expense decreased $41 million, primarily due to no Hope Creek refueling outage in 2026 and an indirect-tax adjustment, partly offset by Salem 1 outage costs and other operating expenses.

Impact estimates