PEG · 10-Q · 2026Q3 · Full report
Energy Affordability Regulation
PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-11-02 · Importance 40 · Surprise 42 · In source text
New Jersey enacted a law prohibiting disconnection for nonpayment from June 15 through August 31 beginning in 2026 and annually thereafter for certain qualified electric and gas customers. PSE&G’s Summer Relief Initiative, begun in June 2025 alongside extended deferred-payment arrangements, increased bad-debt expense in 2025, with effects expected to continue. In January 2026, the governor directed the BPU to mitigate 2026 electric-rate increases through state funding and advance resource-adequacy solutions; the BPU’s consultant issued a utility-business-model modernization study in July 2026, with quantitative analysis to follow, and the impact remains uncertain.
Key facts
- Beginning in 2026, New Jersey law prohibits disconnection for non-payment from June 15 through August 31 each year for certain qualified electric and gas customers.
- In January 2026, the New Jersey Governor directed the BPU to mitigate 2026 electric rate increases through state funding and take other actions, and to advance resource adequacy solutions.
- PSE&G's Summer Relief Initiative, begun in June 2025 alongside extended deferred payment arrangements, increased 2025 bad debt expense, with the impact expected to continue into the future.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | contingent | — | Beginning in 2026, New Jersey law prohibits disconnection for non-payment from June 15 through August 31 each year for certain qualified… |