Form 8-K
8-K — PUBLIC SERVICE ENTERPRISE GROUP INC
Accession: 0001193125-26-205254
Filed: 2026-05-05
Period: 2026-05-05
CIK: 0000788784
SIC: 4931 (ELECTRIC & OTHER SERVICES COMBINED)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — d63722d8k.htm (Primary)
EX-99 (d63722dex99.htm)
EX-99.1 (d63722dex991.htm)
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8-K
8-K (Primary)
Filename: d63722d8k.htm · Sequence: 1
8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 5, 2026
Public Service Enterprise Group Incorporated
(Exact name of registrant as specified in its charter)
New Jersey
001-09120
22-2625848
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
80 Park Plaza
Newark, New Jersey 07102
(Address of principal executive offices) (Zip Code)
973
430-7000
(Registrant’s telephone number, including area code)
Public Service Electric and Gas Company
(Exact name of registrant as specified in its charter)
New Jersey
001-00973
22-1212800
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
80 Park Plaza
Newark, New Jersey 07102
(Address of principal executive offices) (Zip Code)
973
430-7000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
☐
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading
Symbol(s)
Name of Each Exchange
On Which Registered
Public Service Enterprise Group Incorporated
Common Stock without par value
PEG
New York Stock Exchange
Public Service Electric and Gas Company
8.00% First and Refunding Mortgage Bonds, due 2037
PEG37D
New York Stock Exchange
5.00% First and Refunding Mortgage Bonds, due 2037
PEG37J
New York Stock Exchange
Indicate by check mark whether any of the registrants is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if such registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
The information contained in Item 2.02. Results of Operations and Financial Condition in this Form
8-K
is furnished solely for Public Service Enterprise Group Incorporated (PSEG). The information contained in Item 7.01 Regulation FD Disclosure in this combined Form
8-K
is separately furnished, as noted, by PSEG and Public Service Electric and Gas Company (PSE&G). Information contained herein relating to any individual company is provided by such company on its own behalf and in connection with its respective Form
8-K.
PSE&G makes representations only as to itself and makes no other representations whatsoever as to any other company. The materials furnished as Exhibits 99 and 99.1 are available on the corporate.pseg.com website under the investor tab, or at https://investor.pseg.com.
Item 2.02
Results of Operations and Financial Condition
PSEG
On May 5, 2026, PSEG announced financial results for the three months ended March 31, 2026. A copy of the earnings release dated May 5, 2026 is furnished as Exhibit 99 to this Form
8-K.
Item 7.01
Regulation FD Disclosure
PSEG and PSE&G
On May 5, 2026, PSEG conducted an earnings call regarding its results for the three months ended March 31, 2026. A copy of the slideshow presentation used during the earnings call is furnished as Exhibit 99.1 to this Form
8-K.
Item 9.01
Financial Statements and Exhibits
Exhibit 99
Press Release dated May 5, 2026
Exhibit 99.1
Slideshow Presentation
Exhibit 104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. The signature of the undersigned company shall be deemed to relate only to matters having reference to such company and any subsidiaries thereof.
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
(Registrant)
By:
/s/ Rose M. Chernick
ROSE M. CHERNICK
Vice President and Controller
(Principal Accounting Officer)
Date: May 5, 2026
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. The signature of the undersigned company shall be deemed to relate only to matters having reference to such company and any subsidiaries thereof.
PUBLIC SERVICE ELECTRIC AND GAS COMPANY
(Registrant)
By:
/s/ Rose M. Chernick
ROSE M. CHERNICK
Vice President and Controller
(Principal Accounting Officer)
Date: May 5, 2026
3
EX-99
EX-99
Filename: d63722dex99.htm · Sequence: 2
EX-99
Exhibit 99
Public Service Enterprise Group
80 Park
Plaza
Newark, NJ 07102
PSEG ANNOUNCES FIRST QUARTER 2026 RESULTS
$1.48 PER SHARE NET INCOME
$1.55 PER SHARE NON-GAAP OPERATING EARNINGS
Maintains 2026 Non-GAAP Operating Earnings Guidance of $4.28 - $4.40 Per Share
(NEWARK, N.J. – May 5, 2026) Public Service Enterprise Group (NYSE: PEG) reported the following results for the first quarter 2026:
PSEG Consolidated (unaudited)
First Quarter Comparative Results
Income
Earnings Per Share
($ millions, except per share amounts)
1Q 2026
1Q 2025
1Q 2026
1Q 2025
Net Income
$
741
$
589
$
1.48
$
1.18
Reconciling Items
37
129
0.07
0.25
Non-GAAP Operating Earnings
$
778
$
718
$
1.55
$
1.43
Average Shares Outstanding (Diluted)
500
500
See Attachments 7 and 8 for a complete list of items excluded from Net Income in the
determination of non-GAAP Operating Earnings.
“PSEG delivered a solid operating and financial performance
to begin the year,” said Ralph LaRossa, PSEG’s chair, president and CEO. “Our teams across PSE&G and PSEG Power successfully responded to multiple extreme weather events during the first quarter. These included the worst winter
storm to hit our service territory in the past 30 years and several days of single digit temperatures that prompted our highest gas send-out since 2019. PSEG’s investments in critical energy
infrastructure and our dedicated workforce that worked tirelessly to restore service in frigid conditions proved to be the key factors in our ability to deliver
best-in-class storm response and reliability.”
“PSEG has
worked with the Governor’s Office and the New Jersey Board of Public Utilities to keep electric rates flat in 2026, in keeping with Governor Sherrill’s Executive Orders 1 & 2 addressing utility costs and generation supply. PSE&G
rates will also benefit from the update to reflect the latest Basic Generation Service auction results effective on June 1. On February 1st, we also kept our residential natural gas rate flat for
the remainder of the 2025-2026 winter heating season, providing our customers with the lowest gas bills in New Jersey and in the region. PSEG Nuclear also had a strong first quarter, supplying 8 TWh of reliable, carbon-free baseload energy to New
Jersey and the grid.”
1
LaRossa added, “We continue to execute on our long-term strategy to grow PSEG’s non-GAAP Operating Earnings by a compound annual rate of 6% to 8% through 2030 – without the need to issue new equity or sell assets – which remains a core differentiator from our peers.”
PSEG Results by Segment (unaudited)
First Quarter Comparative Results
($ millions)
1Q 2026
1Q 2025
PSE&G Net Income/Non-GAAP Operating Earnings
$
577
$
546
PSEG Power & Other Net Income
164
43
Total PSEG Net Income
$
741
$
589
PSEG Power & Other Non-GAAP Operating
Earnings
$
201
$
172
Total PSEG Non-GAAP Operating Earnings
$
778
$
718
PSE&G’s results for the first quarter reflect ongoing investments in Energy Efficiency, Gas System Modernization and
Transmission; the seasonality of gas demand during the winter months; and the continued, gradual increase in the number of electric and gas customers. These results were partially offset by higher operation and maintenance costs as well as higher
depreciation and interest expense related to incremental investments.
PSEG Power & Other results for the quarter reflect higher realized prices
and lower operation and maintenance costs, partly offset by lower generating volume and the absence of zero emission certificates.
###
PSEG will host a conference call to review its first quarter 2026 results, earnings guidance, and other matters with the financial community at
11:00 a.m. ET today. Please register to access this event by visiting: https://investor.pseg.com/investor-news-and-events
Media Relations:
Investor Relations:
(973) 430-7734
DL-ENT-pseg.communications@pseg.com
(973) 430-6565
PSEG-IR-GeneralInquiry@pseg.com
About PSEG
Public
Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey’s largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural
gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it’s safer and delivered more
reliably than ever. PSEG is a member of the S&P 500 Index and has been named
2
to the Dow Jones Best-in-Class North America Index for 18 consecutive years. PSEG’s businesses include Public
Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).
Non-GAAP Financial Measures
Management uses non-GAAP Operating Earnings in its internal analysis, and in communications with investors and
analysts, as a consistent measure for comparing PSEG’s financial performance to previous financial results. Operating Earnings is a non-GAAP financial measure that differs from Net Income. Non-GAAP Operating Earnings exclude the impact of gains (losses) associated with the Nuclear Decommissioning Trust (NDT),
Mark-to-Market (MTM) accounting and other material infrequent items.
See
Attachments 7 and 8 for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings. The presentation of non-GAAP Operating
Earnings is intended to complement and should not be considered an alternative to the presentation of Net Income, which is an indicator of financial performance determined in accordance with GAAP. In addition,
non-GAAP Operating Earnings as presented in this report may not be comparable to similarly titled measures used by other companies.
Due to the forward-looking nature of non-GAAP Operating Earnings guidance, PSEG is unable to reconcile this non-GAAP financial measure to the most directly comparable GAAP financial measure because comparable GAAP measures are not reasonably accessible or reliable due to the inherent difficulty in forecasting and
quantifying measures that would be required for such reconciliation. Namely, we are not able to reliably project without unreasonable effort MTM and NDT gains (losses), for future periods due to market volatility. These items are uncertain, depend
on various factors, and may have a material impact on our future GAAP results.
Forward-Looking Statements
Certain of the matters discussed in this report about our and our subsidiaries’ future performance, including, without limitation, future revenues,
earnings, strategies, prospects, consequences, and all other statements that are not purely historical constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management’s beliefs as well as assumptions made by and information
currently available to management. When used herein, the words “anticipate,” “intend,” “estimate,” “believe,” “expect,” “plan,” “should,” “hypothetical,”
“potential,” “forecast,” “project,” variations of such words and similar expressions are intended to identify forward-looking statements. Factors that may cause actual results to differ are often presented with
the forward-looking statements themselves. Other factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in filings we make with the United States
Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form
8-K. These factors include, but are not limited to:
•
any inability to successfully develop, obtain regulatory approval for, or construct transmission and
distribution, and our nuclear generation projects;
•
significant resource adequacy challenges that present affordability and reliability concerns and that could cause
policymakers to implement responsive measures that could have a material, adverse impact on our business, strategy, growth rates, cash flows, results of operations, and financial condition and increase regulatory uncertainty for utility investment
initiatives and programs;
•
the physical, financial and transition risks related to climate change, including risks relating to potentially
increased legislative and regulatory burdens, changing customer preferences and lawsuits;
•
any equipment failures, gas explosions, accidents, critical operating technology or business system failures,
natural disasters, severe weather events, acts of war, terrorism or other acts of violence, sabotage, physical attacks or security breaches, cyberattacks or other incidents that may impact our ability to provide safe and reliable service to our
customers;
•
any inability to recover the carrying amount of our long-lived assets;
•
disruptions or cost increases in our supply chain, including labor shortages;
•
any inability to maintain sufficient liquidity or access sufficient capital on commercially reasonable terms;
•
the impact of cybersecurity attacks or intrusions or other disruptions to our information technology, operational
or other systems;
•
failure to attract and retain a qualified workforce;
•
increases in the costs of equipment, materials, fuel, services and labor;
•
the impact of our covenants in our debt instruments and credit agreements on our business;
3
•
adverse performance of our defined benefit plan trust funds and Nuclear Decommissioning Trust Fund and increases
in funding requirements;
•
any inability to enter into or extend certain significant contracts;
•
development, adoption and use of Artificial Intelligence by us and our third-party vendors;
•
fluctuations in, or third-party default risk in wholesale power and natural gas markets, including the potential
impacts on the economic viability of our generation units;
•
the ability to obtain adequate nuclear fuel supply;
•
changes in technology related to energy generation, distribution and consumption and changes in customer usage
patterns;
•
third-party credit risk relating to our sale of nuclear generation output and purchase of nuclear fuel;
•
any inability to meet our commitments under forward sale obligations and Regional Transmission Organization
rules;
•
risks associated with generation activities at, and operation of, the Peach Bottom plants, which are similar to
those to which nuclear generation plants that we operate are subject;
•
the impact of changes in state and federal legislation and regulations on our business, including
PSE&G’s ability to recover costs and earn returns on authorized investments;
•
PSE&G’s proposed investment projects or programs may not be fully approved by regulators and its
capital investment may be lower than planned;
•
our ability to receive sufficient financial support for our New Jersey nuclear plants from the markets, and/or
production tax credits;
•
adverse changes in and non-compliance with energy industry laws,
policies, regulations and standards, including market structures and transmission planning and transmission returns;
•
risks associated with our ownership and operation of nuclear facilities, including increased nuclear fuel storage
costs, regulatory risks, such as compliance with the Atomic Energy Act and trade control, environmental and other regulations, as well as operational, financial, environmental and health and safety risks;
•
changes in or violation of federal, state and local environmental laws and regulations and enforcement;
•
delays in receipt of, or an inability to receive, necessary licenses and permits and siting approvals; and
•
changes in tax laws and regulations.
All of the forward-looking statements made in this report are qualified by these cautionary statements and we cannot assure you that the results or
developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to
place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this report apply only as of the date of this report. While we may elect to update forward-looking statements from time to
time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.
The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
From time to time, PSEG and PSE&G release important information via postings on their corporate Investor Relations website
at https://investor.pseg.com. Investors and other interested parties are encouraged to visit the Investor Relations website to review new postings. You can sign up for automatic email alerts regarding new postings at the bottom of the webpage
at https://investor.pseg.com or by navigating to the Email Alerts webpage here. The information on https://investor.pseg.com and https://investor.pseg.com/resources/email-alerts/default.aspx is not incorporated herein and
is not part of this press release or the Form 8-K to which it is an exhibit.
4
Attachment 1
Public Service Enterprise Group Incorporated
Consolidating Statements of Operations
(Unaudited, $ millions, except per share data)
Three Months Ended March 31, 2026
PSEG
Eliminations
PSE&G
PSEG Power
& Other(a)
OPERATING REVENUES
$
3,848
$
(653
)
$
3,085
$
1,416
OPERATING EXPENSES
Energy Costs
1,507
(653
)
1,358
802
Operation and Maintenance
937
—
637
300
Depreciation and Amortization
329
—
295
34
Total Operating Expenses
2,773
(653
)
2,290
1,136
OPERATING INCOME
1,075
—
795
280
Net Gains (Losses) on Trust Investments
(17
)
—
—
(17
)
Net Other Income (Deductions)
43
—
19
24
Net Non-Operating Pension and OPEB Credits
(Costs)
19
—
17
2
Interest Expense
(272
)
—
(175
)
(97
)
INCOME BEFORE INCOME TAXES
848
—
656
192
Income Tax Expense
(107
)
—
(79
)
(28
)
NET INCOME
$
741
$
—
$
577
$
164
Reconciling Items Excluded from Net
Income(b)
37
—
—
37
OPERATING EARNINGS (non-GAAP)
$
778
$
—
$
577
$
201
Earnings Per Share
NET INCOME
$
1.48
Reconciling Items Excluded from Net
Income(b)
0.07
OPERATING EARNINGS (non-GAAP)
$
1.55
Three Months Ended March 31, 2025
PSEG
Eliminations
PSE&G
PSEG Power
& Other(a)
OPERATING REVENUES
$
3,222
$
(534
)
$
2,664
$
1,092
OPERATING EXPENSES
Energy Costs
1,186
(534
)
1,094
626
Operation and Maintenance
919
—
576
343
Depreciation and Amortization
320
—
280
40
Total Operating Expenses
2,425
(534
)
1,950
1,009
OPERATING INCOME
797
—
714
83
Net Gains (Losses) on Trust Investments
8
—
—
8
Net Other Income (Deductions)
37
(1
)
16
22
Net Non-Operating Pension and OPEB Credits
(Costs)
16
—
17
(1
)
Interest Expense
(241
)
1
(157
)
(85
)
INCOME BEFORE INCOME TAXES
617
—
590
27
Income Tax (Expense) Benefit
(28
)
—
(44
)
16
NET INCOME
$
589
$
—
$
546
$
43
Reconciling Items Excluded from Net
Income(b)
129
—
—
129
OPERATING EARNINGS (non-GAAP)
$
718
$
—
$
546
$
172
Earnings Per Share
NET INCOME
$
1.18
Reconciling Items Excluded from Net
Income(b)
0.25
OPERATING EARNINGS (non-GAAP)
$
1.43
(a)
Includes activities at PSEG Power, PSEG Long Island, Energy Holdings, PSEG Services Corporation and the Parent.
(b)
See Attachments 7 and 8 for details of items excluded from Net Income to compute Operating Earnings (non-GAAP).
Attachment 2
Public Service Enterprise Group Incorporated
Capitalization Schedule
(Unaudited, $ millions)
March 31,
2026
December 31,
2025
DEBT
Commercial Paper and Loans
$
1,165
$
1,529
Long-Term Debt*
23,090
22,545
Total Debt
24,255
24,074
STOCKHOLDERS’ EQUITY
Common Stock
5,010
5,062
Treasury Stock
(1,475
)
(1,435
)
Retained Earnings
13,853
13,446
Accumulated Other Comprehensive Loss
(85
)
(91
)
Total Stockholders’ Equity
17,303
16,982
Total Capitalization
$
41,558
$
41,056
*
Includes current portion of Long-Term Debt
Attachment 3
Public Service Enterprise Group Incorporated
Condensed Consolidated Statements of Cash Flows
(Unaudited, $ millions)
Three Months Ended March 31,
2026
2025
Cash Flows From Operating Activities
Net Income
$
741
$
589
Adjustments to Reconcile Net Income to Net Cash Flows From Operating Activities
530
460
Net Cash Provided By (Used In) Operating Activities
1,271
1,049
Net Cash Provided By (Used In) Investing Activities
(736
)
(618
)
Net Cash Provided By (Used In) Financing Activities
(263
)
345
Net Change in Cash, Cash Equivalents and Restricted Cash
272
776
Cash, Cash Equivalents and Restricted Cash at Beginning of Period
156
154
Cash, Cash Equivalents and Restricted Cash at End of Period
$
428
$
930
Attachment 4
Public Service Electric & Gas Company
Retail Sales
(Unaudited)
March 31, 2026
Electric Sales
Sales (millions kWh)
Three Months
Ended
Change vs.
2025
Residential
3,490
6%
Commercial & Industrial
6,784
3%
Other
97
(4%)
Total
10,371
4%
Gas Sold and Transported
Sales (millions therms)
Three Months
Ended
Change vs.
2025
Firm Sales
Residential Sales
792
6%
Commercial & Industrial
511
3%
Total Firm Sales
1,303
5%
Non-Firm Sales*
Commercial & Industrial
161
24%
Total Non-Firm Sales
161
Total Sales
1,464
7%
*
Contract Service Gas rate included in non-firm sales
Weather Data*
Three Months
Change vs.
Ended
2025
Degree Days - Actual
2,561
8%
Degree Days - Normal
2,451
*
Winter weather as defined by heating degree days (HDD) to serve as a measure for the need for heating. For each
day, HDD is calculated as HDD = 65°F – the average hourly daily temperature. The measures use data provided by the National Oceanic and Atmospheric Administration based on readings from Newark Liberty International Airport. Comparisons to
normal are based on twenty years of historic data.
Attachment 5
Nuclear Generation Measures
(Unaudited)
GWh Breakdown
Three Months Ended
March 31,
2026
2025
Nuclear - NJ
5,092
5,464
Nuclear - PA
2,897
2,891
7,989
8,355
Attachment 6
Public Service Enterprise Group Incorporated
Statistical Measures
(Unaudited)
Three Months Ended March 31,
2026
2025
Weighted Average Common Shares Outstanding (millions)
Basic
499
498
Diluted
500
500
Stock Price at End of Period
$
80.95
$
82.30
Dividends Paid per Share of Common Stock
$
0.67
$
0.63
Dividend Yield
3.3
%
3.1
%
Book Value per Common Share
$
34.75
$
32.83
Market Price as a Percent of Book Value
233
%
251
%
Attachment 7
Public Service Enterprise Group Incorporated
Consolidated Operating Earnings (non-GAAP) Reconciliation
Reconciling Items
Three Months Ended March 31,
2026
2025
($ millions, Unaudited)
Net Income
$
741
$
589
(Gain) Loss on Nuclear Decommissioning Trust (NDT)
Fund Related Activity, pre-tax
6
(12
)
(Gain) Loss on
Mark-to-Market (MTM), pre-tax(a)
41
188
Income Taxes related to Operating Earnings (non-GAAP)
reconciling items(b)
(10
)
(47
)
Operating Earnings (non-GAAP)
$
778
$
718
PSEG Fully Diluted Average Shares Outstanding (in millions)
500
500
($ Per Share Impact -
Diluted, Unaudited)
Net Income
$
1.48
$
1.18
(Gain) Loss on NDT Fund Related Activity, pre-tax
0.01
(0.03
)
(Gain) Loss on MTM, pre-tax(a)
0.08
0.38
Income Taxes related to Operating Earnings (non-GAAP)
reconciling items(b)
(0.02
)
(0.10
)
Operating Earnings (non-GAAP)
$
1.55
$
1.43
(a)
Includes the financial impact from positions with forward delivery months.
(b)
Income tax effect calculated at the statutory rate except for qualified NDT related activity, which records an
additional 20% trust tax on income (loss) from qualified NDT Funds.
Attachment 8
PSEG Power & Other Operating Earnings
(non-GAAP) Reconciliation
Reconciling Items
Three Months Ended
March 31,
2026
2025
($ millions, Unaudited)
Net Income
$
164
$
43
(Gain) Loss on NDT Fund Related Activity, pre-tax
6
(12
)
(Gain) Loss on MTM, pre-tax(a)
41
188
Income Taxes related to Operating Earnings (non-GAAP)
reconciling items(b)
(10
)
(47
)
Operating Earnings (non-GAAP)
$
201
$
172
PSEG Fully Diluted Average Shares Outstanding (in millions)
500
500
(a)
Includes the financial impact from positions with forward delivery months.
(b)
Income tax effect calculated at the statutory rate except for qualified NDT related activity, which records an
additional 20% trust tax on income (loss) from qualified NDT Funds.
EX-99.1
EX-99.1
Filename: d63722dex991.htm · Sequence: 3
EX-99.1
Exhibit 99.1 Public Service Enterprise Group FIRST QUARTER 2026 NYSE:
PEG Financial Results Presentation May 5, 2026
PSEG First Quarter 2026 Forward-Looking Statements Certain of the
matters discussed in this report about our and our subsidiaries’ future performance, • any inability to enter into or extend certain significant contracts; • development, adoption and use of Artificial Intelligence by us and our
third-party vendors; including, without limitation, future revenues, earnings, strategies, prospects, consequences, and • fluctuations in, or third-party default risk in wholesale power and natural gas markets, all other statements that are
not purely historical constitute “forward-looking statements” within including the potential impacts on the economic viability of our generation units; the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking • the ability to obtain adequate nuclear fuel supply; statements are subject to risks and uncertainties, which could cause actual results to differ • changes in technology related to energy generation, distribution and
consumption and changes in customer usage patterns; materially from those anticipated. Such statements are based on management’s beliefs as well as • third-party credit risk relating to our sale of nuclear generation output and purchase
of assumptions made by and information currently available to management. When used herein, the nuclear fuel; words “anticipate,” “intend,” “estimate,” “believe,” “expect,”
“plan,” “should,” “hypothetical,” • any inability to meet our commitments under forward sale obligations and Regional “potential,” “forecast,” “project,” variations of
such words and similar expressions are intended to Transmission Organization rules; • risks associated with generation activities at, and operation of, the Peach Bottom plants, identify forward-looking statements. Factors that may cause actual
results to differ are often which are similar to those to which nuclear generation plants that we operate are subject; presented with the forward-looking statements themselves. Other factors that could cause actual • the impact of changes in
state and federal legislation and regulations on our business, results to differ materially from those contemplated in any forward-looking statements made by us including PSE&G’s ability to recover costs and earn returns on authorized
investments; herein are discussed in filings we make with the United States Securities and Exchange • PSE&G’s proposed investment projects or programs may not be fully approved by regulators and its capital investment may be lower
than planned; Commission (SEC), including our Annual Report on Form 10-K and subsequent reports on Form • our ability to receive sufficient financial support for our New Jersey nuclear plants from the 10-Q and Form 8-K. These factors include,
but are not limited to: markets, and/or production tax credits; • any inability to successfully develop, obtain regulatory approval for, or construct transmission • adverse changes in and non-compliance with energy industry laws,
policies, regulations and and distribution, and our nuclear generation projects; standards, including market structures and transmission planning and transmission returns; • significant resource adequacy challenges that present affordability
and reliability concerns • risks associated with our ownership and operation of nuclear facilities, including increased and that could cause policymakers to implement responsive measures that could have a nuclear fuel storage costs, regulatory
risks, such as compliance with the Atomic Energy Act material, adverse impact on our business, strategy, growth rates, cash flows, results of and trade control, environmental and other regulations, as well as operational, financial, operations, and
financial condition and increase regulatory uncertainty for utility investment environmental and health and safety risks; initiatives and programs; • changes in or violation of federal, state and local environmental laws and regulations and
• the physical, financial and transition risks related to climate change, including risks relating to enforcement; potentially increased legislative and regulatory burdens, changing customer preferences and • delays in receipt of, or an
inability to receive, necessary licenses and permits and siting lawsuits; approvals; and • any equipment failures, gas explosions, accidents, critical operating technology or business • changes in tax laws and regulations. system
failures, natural disasters, severe weather events, acts of war, terrorism or other acts of violence, sabotage, physical attacks or security breaches, cyberattacks or other incidents All of the forward-looking statements made in this report are
qualified by these cautionary that may impact our ability to provide safe and reliable service to our customers; statements and we cannot assure you that the results or developments anticipated by • any inability to recover the carrying amount
of our long-lived assets; management will be realized or even if realized, will have the expected consequences to, or • disruptions or cost increases in our supply chain, including labor shortages; • any inability to maintain sufficient
liquidity or access sufficient capital on commercially effects on, us or our business, prospects, financial condition, results of operations or cash flows. reasonable terms; Readers are cautioned not to place undue reliance on these forward-looking
statements in • the impact of cybersecurity attacks or intrusions or other disruptions to our information making any investment decision. Forward-looking statements made in this report apply only as technology, operational or other systems; of
the date of this report. While we may elect to update forward-looking statements from time to • failure to attract and retain a qualified workforce; • increases in the costs of equipment, materials, fuel, services and labor; time, we
specifically disclaim any obligation to do so, even in light of new information or future • the impact of our covenants in our debt instruments and credit agreements on our business; events, unless otherwise required by applicable securities
laws. • adverse performance of our defined benefit plan trust funds and Nuclear Decommissioning Trust Fund and increases in funding requirements; The forward-looking statements contained in this report are intended to qualify for the safe
harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of 2 2 the Securities Exchange Act of 1934, as amended.
PSEG First Quarter 2026 GAAP Disclaimer PSEG presents Operating Earnings
in addition to its Net Income reported in Non-GAAP FFO reflects cash from operations excluding working capital and accordance with accounting principles generally accepted in the United States adjusts for certain items including taxes on asset
sales, cost of removal and energy (GAAP). Operating Earnings is a non-GAAP financial measure that differs from Net efficiency investments. Non-GAAP Debt consists of long-term debt, short-term debt Income. Non-GAAP Operating Earnings exclude the
impact of gains (losses) and other imputed debt primarily related to an unfunded pension obligation. Non- associated with the Nuclear Decommissioning Trust (NDT), Mark-to-Market (MTM) GAAP FFO, as referenced in this presentation, may not be
comparable to similarly accounting and other material infrequent items. The last two slides in this titled measures used by other companies. Given the forward-looking nature of non- presentation (Slides A and B) include a list of items excluded from
Net Income to GAAP Operating Earnings and non-GAAP FFO estimates and our inability to reconcile to non-GAAP Operating Earnings. project certain reconciling items that would be excluded from the most directly comparable GAAP measures – such as
MTM and NDT gains (losses), with respect Management uses non-GAAP Operating Earnings in its internal analysis, and in non-GAAP Operating Earnings; working capital (including accounts communications with investors and analysts, as a consistent
measure for receivable/payable, cash collateral), adjustments to Net Income (including changes comparing PSEG’s financial performance to previous financial results. The in regulatory assets/liabilities, deferred taxes) with respect to non-GAAP
FFO and presentation of non-GAAP Operating Earnings is intended to complement, and non-GAAP debt and imputed debt (including unfunded pension obligation) with should not be considered an alternative to, the presentation of Net Income, which is
respect to non-GAAP debt - due to the volatility, complexity and low visibility of an indicator of financial performance determined in accordance with GAAP. In these items, PSEG is unable to reconcile these non-GAAP financial measures to addition,
non-GAAP Operating Earnings as presented in this release may not be the most directly comparable GAAP financial measure. These items are uncertain, comparable to similarly titled measures used by other companies. depend on various factors, and may
have a material impact on our future GAAP PSEG also includes forward-looking estimates of non-GAAP Operating Earnings results. Guidance included herein is as of May 5, 2026. and non-GAAP Funds From Operations (FFO), including the forward-looking
non- GAAP FFO/Debt ratio target, in this presentation. From time to time, PSEG and PSE&G release important information via postings on their corporate Investor Relations website at https://investor.pseg.com. Investors and other interested
parties are encouraged to visit the Investor Relations website to review new postings. You can sign up for automatic email alerts regarding new postings at the bottom of the webpage at https://investor.pseg.com or by navigating to the Email Alerts
webpage here. The information on https://investor.pseg.com and https://investor.pseg.com/resources/email-alerts/default.aspx is not incorporated herein and is not part of this communication. 3 3
PSEG First Quarter 2026 PSEG Q1 2026 Highlights First Quarter Results
• Net Income of $1.48 per share in Q1 2026 vs. $1.18 per share in Q1 2025 • Non-GAAP Operating Earnings of $1.55 per share in Q1 2026 vs. $1.43 per share in Q1 2025 • First quarter dividend increased ~6% to annualized indicative
rate of $2.68 per share for 2026 Operational Excellence • PSE&G successfully responded to multiple extreme weather events, including Winter Storm Hernando, the most severe winter storm in the region over the past 30 years • PSE&G
restored service safely and quickly to all impacted customers from Winter Storm Hernando within 24 hours and responded to more than 1,250 no-heat calls • PSEG Nuclear achieved a capacity factor of 95.5% for the quarter • Salem Unit 2
completed a 495-day, breaker-to-breaker operating run in April to begin its scheduled refueling outage Disciplined Investment • Regulated investment was ~$0.8 billion in Q1; full-year capital spending plan of ~$4.2 billion is on track and on
budget • PSE&G began investment in its GSMP III program, representing $1.4 billion in approved spending over a three-year period See Slides A and B for Items excluded from Net Income to reconcile to Operating Earnings (non-GAAP). All
future decisions and declarations regarding dividends on the common stock are subject to approval by the Board of Directors. 4 4 Note: PSEG Power & Other includes nuclear generating fleet, gas supply operations, PSEG Long Island, competitively
bid regulated transmission investments, Parent and other.
PSEG First Quarter 2026 PSEG Outlook Maintained Continuing Execution of
PSEG Strategic Plan 2026 guidance midpoint represents ~7% increase over 2025 results • PSEG maintained 2026 non-GAAP Operating Earnings guidance of $4.28 - $4.40 per share • 2026 outlook driven by: o Regulated rate base increased ~7% at
YE 2025 over YE 2024 o Higher utility margin from T&D and energy efficiency $4.28 - $4.40 investments o Hedged ~95% of expected nuclear output in 2026; market $4.05 prices for energy and capacity above PTC threshold o Higher costs, including
interest and depreciation, based on higher capital spend • Regulated capital spending plan for 2026 of ~$4.2 billion focused on continued investments in infrastructure modernization, energy efficiency, electrification initiatives and load
growth • PSEG raised 2026 indicative annual common dividend th by $0.16 per share, the 15 consecutive annual increase 2025 Non-GAAP 2026E Non-GAAP Operating Earnings Operating Earnings Guidance See Slide A for Items excluded from Net Income to
reconcile to Operating Earnings (non-GAAP). 5 All future decisions and declarations regarding dividends on the common stock are subject to approval by the Board of Directors.
PSEG First Quarter 2026 Strong Business Mix, Predictable Growth and
Nuclear Upside • PSEG’s long-term, non-GAAP earnings growth outlook is 6%-8% through 2030 • Total PSEG capital program of $24B - $28B for 2026-2030, >90% regulated investments • $22.5B - $25.5B regulated capital spending
plan for 2026-2030 • Rate Base CAGR of 6%-7.5% over same period efficiently translates to earnings growth • Stringent cost control supports customer affordability • Expected nuclear output at anticipated market prices that exceed
the PTC threshold • Opportunistically hedging nuclear output to support long-term earnings CAGR • Solid balance sheet supports execution of robust 5-year capital spending plan • Able to fund 5-Year capital spending plan without the
need to issue equity or sell assets (1) • Non-GAAP FFO/Debt projected to be in the mid-teens through 2030 • Potential growth beyond forecasted 6%-8% CAGR range could be achieved through opportunities to contract existing and planned
additions of nuclear output, and incremental regulated capital investments • Management track record of 21 consecutive years meeting or exceeding non-GAAP Operating Earnings guidance (1) FFO/Debt is an internal estimate of a non-GAAP measure.
FFO reflects cash from operations excluding working capital and adjusts for certain items including taxes on asset sales, cost of removal and energy efficiency 6 investments. Debt consists of long-term debt, short-term debt and other imputed debt
primarily related to an unfunded pension obligation.
PSEG First Quarter 2026 Q1 2026 Review 7
PSEG First Quarter 2026 PSEG Q1 Results PSEG Summary – Three
Months ended March 31, Net Income ($ in millions) 2026 2025 Change PSE&G $577 $546 $31 PSEG Power & Other $164 $43 $121 Total PSEG $741 $589 $152 Non-GAAP Operating Earnings ($ in millions) 2026 2025 Change PSE&G $577 $546 $31 PSEG Power
& Other $201 $172 $29 Total PSEG $778 $718 $60 8 8 See Slides A and B for Items excluded from Net Income to reconcile to Operating Earnings (non-GAAP).
PSEG First Quarter 2026 PSEG EPS Reconciliation – Q1 2026 versus
Q1 2025 $1.75 $0.06 $1.55 $0.06 $1.48 $1.50 $1.43 Gross Margin -- Transmission 0.01 O&M 0.06 Distribution: Depreciation & Interest $1.25 $1.18 (0.01) Margin 0.07 O&M (0.01) Taxes & Other 0.01 Depreciation & Interest $1.00 (0.02)
Taxes & Other 0.01 $0.75 $0.50 $0.25 $0.00 Q1 2025 Q1 2025 PSE&G PSEG Power & Other Q1 2026 Q1 2026 Net Income Operating Earnings Operating Earnings Net Income (non-GAAP) (non-GAAP) See Slides A and B for Items excluded from Net Income
to reconcile to Operating Earnings (non-GAAP). 9 9 Results may not add due to rounding. $ / share
PSEG First Quarter 2026 PSE&G Q1 2026 Highlights Operations
Regulatory and Market Environment • Residential Electric and Gas customer count each grew by ~1% • BPU approved annual revenue increase of $23 million for investments under for the trailing 12 months ended March 31, 2026 GSMP II
Extension effective April 1, 2026 • Weather-normalized sales for the trailing 12 months ended March 31: • Implemented annual FERC regulated transmission formula rate resulting in ~$82 million in additional revenue effective January 1,
2026, subject to true-up - Total Electric sales were flat - Total Gas sales decreased by 1% • 2024 Zero Emission Certificates to be refunded to customers • PSE&G replaced ~165 miles of gas main and ~30,400 associated gas services
• The BPU’s and PJM’s termination of the State Agreement Approach to building to homes and businesses under gas main replacement program for the trailing offshore wind transmission infrastructure is not expected to have a material
12 months ended March 31 impact on PSE&G’s capital investment plan - Reduced reported methane emissions by over 34% system wide since 2018 Financial through GSMP • PSE&G invested ~$0.8 billion in Q1; Regulated capital investments
for 2026 expected to total ~$4.2 billion • Commenced three-year, $1.4 billion GSMP III program in Q1 2026 • In January, PSE&G issued $500 million of 4.2% Secured Medium-Term Notes due January 2031 and $500 million of 5.625% Secured
Medium-Term Notes due January 2056 • In March, PSE&G retired $450 million of 0.95% Secured Medium-Term Notes at maturity 10
PSEG First Quarter 2026 PSEG Power & Other Financial Considerations
• For 2026, total nuclear generation is forecasted to be 30-32 TWh Nuclear Generation Measures • Realized energy price historically aligned with the PECO hub Three Months Ended Three Months Ended March 31, 2026 March 31, 2025 •
~95% of expected nuclear output hedged for 2026 Capacity Factor 95.5% 99.9% • Hope Creek extended fuel cycle from 18 months to 24 months in fall 2025 • Capacity uprate potential at Salem of nearly 200 MW total (~112 MW Fuel Cost ($
millions) $54 $53 PSEG share) Generation (GWh) 7,989 8,355 • Notified NRC of intention to file for extension of operating licenses for Fuel Cost ($/MWh) $6.76 $6.34 Salem Units 1&2 and Hope Creek by 20 years to 2056, 2060 and 2066,
respectively Spring 2026 – S2 Spring 2025 – S1 Refueling Outages • Optionality around data centers/large load customers and PPAs at Fall 2026 – S1, PB2 Fall 2025 – HC, PB3 premium pricing to PTC PJM Capacity Auction
Results Illustrative Gross Margin Change Above PTC Delivery Period PSEG’s Average Prices PSEG’s Cleared Capacity Output $10/MWh $25/MWh $50/MWh June 2024 – May 2025 $61/MW-Day 3,700 MW 10 TWh $100M $250M $500M June 2025 – May
2026 $270/MW-Day 3,500 MW 20 TWh $200M $500M $1,000M June 2026 – May 2027 $329/MW-Day 3,500 MW 30 TWh $300M $750M $1,500M June 2027 – May 2028 $333/MW-Day 3,500 MW Note: Generation indicates net generation. Average Prices and Cleared
Capacity reflect base and incremental auctions. 11 11 PJM’s new conversion of ICAP (installed capacity) to UCAP (unforced capacity, which is what is bid), has resulted in less UCAP per MW of ICAP. PSEG Nuclear sold the full UCAP value of the
units.
PSEG First Quarter 2026 Appendix 12
PSEG First Quarter 2026 PSEG Maintains a Solid Financial Position PSEG
Public Service Electric & Gas PSEG Senior Unsecured Credit Ratings PSE&G Senior Secured Credit Ratings Moody’s = Baa2 / Outlook = Stable S&P = BBB / Outlook = Stable Moody’s = A1 / Outlook = Stable S&P = A / Outlook =
Stable (1) PSEG 364-Day Term Loan Outstanding $0.50B PSE&G Long-term Debt Outstanding $16.53B PSEG Long-term Debt Outstanding $5.32B PSEG Maturity Profile 2026 - 2030 PSEG Consolidated Debt to Capitalization 58% 2,500 PSEG Power Senior Unsecured
Credit Ratings 2,000 Moody’s = Baa2 / Outlook = Stable S&P = BBB / Outlook = Stable (1) PSEG Power 364-Day Term Loan Outstanding $0.50B 1,500 1,000 PSEG Power Long-term Debt Outstanding $1.24B 500 PSEG Liquidity and Net Cash Collateral
Postings PSEG Liquidity 0 • PSEG had approximately $3.9B of total available liquidity, including $404M 2026 2027 2028 2029 2030 of cash and cash equivalents, at March 31, 2026 • As of March 31, 2026, PSEG’s variable rate debt was
~4% of total debt PSE&G PSEG Power PSEG • PSEG Power had net cash collateral postings of $221M at March 31, 2026 All data is as of March 31, 2026 unless otherwise noted. (1) 364-Day Term Loan is at a variable rate and is included in
Short-Term Debt as Commercial Paper & Loans. In February 2026, PSEG entered into a 364-day variable rate term loan agreement for $500 million. In December 2025, PSEG Power amended its existing $400 million 364-day variable rate term loan, which
increased the balance to $500 million and extended the maturity to December 2026. 13 13 Note: Total long-term debt outstanding amounts may not add to PSEG Consolidated total long-term debt outstanding due to rounding. Amounts on slide are rounded up
to two decimal places. Principal Maturing ($ Millions)
PSEG First Quarter 2026 PSEG Liquidity as of March 31, 2026 Expiration
Total Available Company Facility Usage Date Facility Liquidity ($ millions) PSE&G Revolving Credit Facility March 2031 $1,000 $26 $974 PSEG Money Pool (A) PSEG/PSEG Power Revolving Credit Facility (PSEG) March 2031 $1,500 $179 $1,321 (A)
Revolving Credit Facility (PSEG Power) March 2031 1,250 58 1,192 (B) Letter of Credit Facility (PSEG Power) March 2028 75 55 20 $2,825 $292 $2,533 Total Facilities $3,825 $318 $3,507 PSEG Money Pool Cash and Short-term Investments $55 PSE&G Cash
and Short-term Investments $349 Total Liquidity Available $3,911 Total Money Pool Liquidity Available $2,588 (A) Master Facility of $2.75B with a PSEG sub-limit of $1.5B and PSEG Power sub-limit of $1.25B, which can be adjusted subject to terms
within the credit agreement. (B) PSEG Power has $425 million in uncommitted credit facilities with $190 million in letters of credit outstanding under these facilities. PSE&G has a $30 million uncommitted credit facility with an immaterial
amount of letters of credit 14 14 outstanding under this facility.
PSEG First Quarter 2026 PSEG Glossary of Terms AFUDC Allowance For
Funds Used During Construction ICAP Installed Capacity PSEG Investor Relations 80 Park Plaza BGSS Basic Gas Supply Service LIPA Long Island Power Authority Newark NJ 07102 M&R Metering and Regulating BPU New Jersey Board of Public Utilities
PSEG-IR-GeneralInquiry@pseg.com MW Megawatt CAGR Compound Annual Growth Rate NRC Nuclear Regulatory Commission CEF Clean Energy Future Link to PSEG Investor Relations Website O&M Operation & Maintenance CIP Conservation Incentive Program OSA
Operations Services Agreement CWIP Construction Work In Progress E Estimate PB Peach Bottom Link to PSEG ESG Webpages PECO PECO Energy Company EE Energy Efficiency PJM Pennsylvania New Jersey Maryland EPS Earnings Per Share The information on the
PSEG Investor PPA Power Purchase Agreement ESG Environmental, Social and Governance Relations Website and the PSEG ESG PTC Production Tax Credit FERC Federal Energy Regulatory Commission Webpages is not incorporated herein and is ROE Return on
Equity FFO Funds From Operations not part of this slide presentation or the Form S Salem FY Full Year 8-K to which it is an exhibit. T&D Transmission and Distribution GAAP Generally Accepted Accounting Principles UCAP Unforced Capacity GSMP Gas
System Modernization Program YE Year End HC Hope Creek YTD Year to Date IAP Infrastructure Advancement Program ZEC Zero Emission Certificate 15 15
PSEG First Quarter 2026 Reconciliation of Non-GAAP Operating Earnings
Public Service Enterprise Group Incorporated - Consolidated Operating Earnings (non-GAAP) Reconciliation (a) Includes the financial impact from positions with Three Months Ended forward delivery months. March 31, Reconciling Items (b) Income tax
effect calculated at the statutory rate 2026 2025 except for qualified NDT related activity, which ($ millions, Unaudited) records an additional 20% trust tax on income (loss) from qualified NDT Funds. Net Income $ 741 $ 589 Please see Slide 3 for
an explanation of PSEG’s use of (Gain) Loss on Nuclear Decommissioning Trust (NDT) Operating Earnings as a non-GAAP financial measure and how it differs from Net Income. Fund Related Activity, pre-tax 6 (12) (a) (Gain) Loss on Mark-to-Market
(MTM), pre-tax 41 188 (b) Income Taxes related to Operating Earnings (non-GAAP) reconciling items (10) (47) Operating Earnings (non-GAAP) $ 778 $ 718 PSEG Fully Diluted Average Shares Outstanding (in millions) 500 500 ($ Per Share Impact - Diluted,
Unaudited) Net Income $ 1.48 $ 1.18 (Gain) Loss on NDT Fund Related Activity, pre-tax 0.01 (0.03) (a) (Gain) Loss on MTM, pre-tax 0.08 0.38 (b) Income Taxes related to Operating Earnings (non-GAAP) reconciling items (0.02) (0.10) Operating Earnings
(non-GAAP) $ 1.55 $ 1.43 A 16 16
PSEG First Quarter 2026 Reconciliation of Non-GAAP Operating Earnings
PSEG Power & Other Operating Earnings (non-GAAP) Reconciliation (a) Includes the financial impact from positions with Three Months Ended forward delivery months. Reconciling Items March 31, (b) Income tax effect calculated at the statutory rate
2026 2025 except for qualified NDT related activity, which records an additional 20% trust tax on income ($ millions, Unaudited) (loss) from qualified NDT Funds. Please see Slide 3 for an explanation of PSEG’s use of Net Income $ 164 $ 43
Operating Earnings as a non-GAAP financial measure (Gain) Loss on NDT Fund Related Activity, pre-tax 6 (12) and how it differs from Net Income. (a) (Gain) Loss on MTM, pre-tax 41 188 (b) Income Taxes related to Operating Earnings (non-GAAP)
reconciling items (10) (47) Operating Earnings (non-GAAP) $ 201 $ 172 PSEG Fully Diluted Average Shares Outstanding (in millions) 500 500 B 17 17
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v3.26.1
Cover Page
May 05, 2026
Entity Information [Line Items]
Entity Registrant Name
Public Service Enterprise Group Incorporated
Amendment Flag
false
Entity Central Index Key
0000788784
Document Type
8-K
Document Period End Date
May 05, 2026
Entity Incorporation State Country Code
NJ
Entity File Number
001-09120
Entity Tax Identification Number
22-2625848
Entity Address, Address Line One
80 Park Plaza
Entity Address, City or Town
Newark
Entity Address, State or Province
NJ
Entity Address, Postal Zip Code
07102
City Area Code
973
Local Phone Number
430-7000
Written Communications
false
Soliciting Material
false
Pre Commencement Tender Offer
false
Pre Commencement Issuer Tender Offer
false
Entity Emerging Growth Company
false
Public Service Electric and Gas Company [Member]
Entity Information [Line Items]
Entity Registrant Name
Public Service Electric and Gas Company
Amendment Flag
false
Entity Central Index Key
0000081033
Entity Incorporation State Country Code
NJ
Entity File Number
001-00973
Entity Tax Identification Number
22-1212800
Entity Address, Address Line One
80 Park Plaza
Entity Address, City or Town
Newark
Entity Address, State or Province
NJ
Entity Address, Postal Zip Code
07102
City Area Code
973
Local Phone Number
430-7000
Common Stock without par value [Member]
Entity Information [Line Items]
Security 12b Title
Common Stock without par value
Trading Symbol
PEG
Security Exchange Name
NYSE
8.00% First and Refunding Mortgage Bonds, due 2037 [Member] | Public Service Electric and Gas Company [Member]
Entity Information [Line Items]
Security 12b Title
8.00% First and Refunding Mortgage Bonds, due 2037
Trading Symbol
PEG37D
Security Exchange Name
NYSE
5.00% First and Refunding Mortgage Bonds, due 2037 [Member] | Public Service Electric and Gas Company [Member]
Entity Information [Line Items]
Security 12b Title
5.00% First and Refunding Mortgage Bonds, due 2037
Trading Symbol
PEG37J
Security Exchange Name
NYSE
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