PEG · 10-Q · 2026Q3 · Full report

Customer Contract Renewal

PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-11-02 · Importance 40 · Surprise 42

PSEG LI has operated LIPA’s electric T&D system on Long Island, New York, under an Operations Services Agreement since 2014. The original 12-year agreement expired on December 31, 2025, and a five-year extension was approved in 2025. A competitor challenged LIPA’s contract-bidding process, but its claim was dismissed as untimely; the competitor subsequently missed a July 2026 deadline to pursue its appeal.

Key facts

• PSEG's 12-year LIPA operations services agreement expired December 31, 2025, and a five-year extension was approved in 2025.
• A competitor's appeal challenging LIPA's contract bidding process did not meet its July 2026 deadline to pursue.
• PSEG continues to explore potential long-term agreements for sale of power, capacity, and/or emission credits from its nuclear facilities.