PEG · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-11-02 · Importance 44 · Surprise 24

As of September 30, 2026, PSEG reported total committed credit facilities of $3.825 billion and available liquidity of $3.083 billion. In March 2026, PSEG, PSEG Power and PSE&G extended their existing $3.75 billion revolving credit facilities through March 2031; PSEG also prepaid its $500 million term loan in June 2026. PSEG Power had $350 million of letters of credit outstanding under $425 million of uncommitted facilities, and estimated potential additional collateral of $682 million if it lost investment-grade credit ratings, down from $703 million at December 31, 2025.

Key facts

• In March 2026, PSEG, PSEG Power and PSE&G extended their existing $3.75 billion revolving credit facilities by two years, through March 2031, and removed the sustainability-linked pricing mechanism associated with the PSEG sublimit of the Master Credit Facility.
• The $75 million PSEG Power letter of credit facility was extended through March 2028.
• In December 2025, PSEG Power amended its existing $400 million 364-day variable-rate term loan, increasing the balance to $500 million and extending maturity to December 2026.
• As of September 30, 2026, total committed credit facilities were $3,825 million and available liquidity was $3,083 million.
• Potential additional collateral required under PSEG Power agreements if it lost its investment-grade credit rating was approximately $682 million as of September 30, 2026, compared with $703 million as of December 31, 2025.
• In February 2026, PSEG entered into a 364-day variable-rate term loan agreement for $500 million and prepaid the loan in June 2026.
• PSE&G had $425 million of 3.00% Secured Medium-Term Notes, Series L, due in May 2027.
• As of September 30, 2026, PSEG’s liquidity position was expected to be sufficient to meet projected stressed requirements over a 12-month planning horizon.