PEG · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-11-02 · Importance 32 · Surprise 24 · In source text

For the nine months ended September 30, 2026, consolidated operating cash flow decreased $40 million versus the same period in 2025. The decrease primarily reflected $388 million of net cash collateral postings in 2026, compared with a $137 million cash collateral inflow in 2025, and payment of the ZEC refund at PSEG Power. Tax refunds in 2026, compared with taxes paid in 2025, and a net change at PSE&G partly offset those outflows. PSEG expects operating cash flows, cash on hand, and financing activities to be sufficient to fund planned capital expenditures and shareholder dividends.

Key facts

• PSE&G operating cash flow increased $528 million, from $1,528 million to $2,056 million, for the nine months ended September 30, 2026, compared with the same period in 2025.
• The operating cash flow decrease included $388 million of net cash collateral postings in 2026 versus a $137 million net cash collateral inflow in 2025, and payment of the PSEG Power ZEC refund; it was partly offset by a net change at PSE&G and 2026 tax refunds versus 2025 taxes paid.
• PSEG expects operating cash flows combined with cash on hand and financing activities to be sufficient to fund planned capital expenditures and shareholder dividends.
• PSEG's operating cash flow for the nine months ended September 30, 2026 decreased $40 million versus the same period in 2025.

Impact estimates