PEG · 10-Q · 2026Q2

PUBLIC SERVICE ENTERPRISE GROUP INC

Filed 2026-08-04 · Utilities · View original filing on EDGAR

Ranked Events

• Capacity Market and Load GrowthImportance 65 · Surprise 82
  PSEG reports increasing power demand and insufficient new generation resources in PJM and New Jersey, creating resource-adequacy concerns and higher electricity costs. PJM capacity-auction prices in July 2024 were…
• Energy Efficiency and Gas ModernizationImportance 64 · Surprise 42
  The New Jersey Board of Public Utilities approved approximately $2.9 billion for PSE&G’s CEF-EE II energy-efficiency projects committed from January 1, 2025 through June 30, 2027, including a $1.9 billion investment…
• Transmission Investment OpportunitiesImportance 64 · Surprise 42
  PSEG received a PJM award for an approximately $424 million transmission project addressing increasing load and reliability issues in Maryland and northern Virginia. PJM directed that the project be placed in service…
• Grid Modernization and ReliabilityImportance 64 · Surprise 42
  PSE&G is investing in transmission and distribution infrastructure to meet growing customer demand and improve system reliability and resiliency in New Jersey. Its CEF-EE II program authorizes approximately $2.9…
• Regulated Capital Investment PlanImportance 64 · Surprise 42
  PSEG estimates regulated capital investment of $22.5 billion to $25.5 billion for 2026 through 2030, representing most of its total capital investment program of $24 billion to $28 billion. The program is expected to…
• Liquidity and Debt PositionImportance 58 · Surprise 42
  In March 2026, PSEG, PSEG Power and PSE&G extended their existing $3.75 billion revolving credit facilities by two years through March 2031, while PSEG Power extended its $75 million letter-of-credit facility through…
• Margin DriversImportance 57 · Surprise 64
  PSEG Power’s six-month generation revenue declined $241 million primarily because non-trading MTM results decreased $300 million in 2026 versus 2025, including a $276 million adverse change in forward prices and a $24…
• Capital Expenditure OutlookImportance 56 · Surprise 24
  PSEG expects to fund all capital requirements over the next three years through internally generated funds and external debt financing. Management reported no material changes to projected capital expenditures compared…
• Transmission Rate ProceedingsImportance 47 · Surprise 60
  New Jersey legislation enacted in June 2026 could require transmission owners to belong to an FERC-approved RTO beginning January 1, 2027. PSE&G may lose its existing 50-basis-point FERC return-on-equity adder if the…
• Operating Cash Flow TrendsImportance 47 · Surprise 48
  Consolidated operating cash flow increased $294 million during the six months ended June 30, 2026, primarily because of higher tax refunds and changes at PSE&G. The improvement was partially offset by $179 million of…
• Nuclear PTC and ZEC TransitionImportance 46 · Surprise 42
  PSEG Power’s Salem 1, Salem 2 and Hope Creek zero-emission certificate sales ended in May 2025, and the company did not apply for the subsequent three-year ZEC eligibility period because of the federal nuclear…
• Environmental RegulationImportance 44 · Surprise 24
  PSEG faces potential remediation liabilities and penalties under federal and state environmental laws for contamination at properties it owns or formerly owned and sites affected by hazardous substances it generated.…
• Renewable Generation TransitionImportance 43 · Surprise 56
  PSE&G is implementing New Jersey energy-efficiency, electric-vehicle infrastructure, energy-storage, smart-meter and other clean-energy programs aligned with the state’s Energy Master Plan and gubernatorial executive…
• Revenue Performance and MixImportance 43 · Surprise 32
  PSEG’s consolidated operating revenues increased $375 million, or approximately 6%, to $6.402 billion in the six months ended June 30, 2026, from $6.027 billion in the prior-year period, while second-quarter revenue…
• Nuclear Generation OperationsImportance 40 · Surprise 42
  PSEG Power’s nuclear units generated approximately 15.8 terawatt-hours during the first six months of 2026 at a 93.7% capacity factor. The Salem 1, Salem 2 and Hope Creek plants are expected to receive 20-year license…
• Customer Contract RenewalImportance 37 · Surprise 42
  PSEG Long Island has operated the Long Island Power Authority’s electric transmission and distribution system under an Operations Services Agreement since 2014. The original 12-year agreement expired on December 31,…
• Rate Case and Regulatory UncertaintyImportance 36 · Surprise 42
  PSE&G anticipates filing an update to its New Jersey base rates by the end of 2026. The BPU’s July 2026 framework for extending energy-efficiency programs changes budget calculations to gross energy savings, adjusts…
• Net Income and ProfitabilityImportance 25 · Surprise 32
  PSEG reported net income of $1.075 billion for the six months ended June 30, 2026, compared with $1.174 billion in the prior-year period, while diluted earnings per share declined to $2.15 from $2.35. Net income…
• Operating Expense TrendsImportance 25 · Surprise 6
  PSE&G’s six-month O&M expense increased $102 million, including $80 million of higher clause and renewable expenditures, $4 million of higher distribution and transmission operating expenditures, and $18 million of…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  On July 20, 2026, PSEG’s Board approved a $0.67-per-share common-stock dividend for the third quarter of 2026. The approved dividend implies an indicative annual dividend rate of $2.68 per share. PSEG stated that it…

Revenue by Product (in Millions)