Form 8-K

8-K — PUBLIC SERVICE ENTERPRISE GROUP INC

Accession: 0001193125-26-331660

Filed: 2026-08-04

Period: 2026-08-04

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 — d101695d8k.htm (Primary)

EX-99 (d101695dex99.htm)

EX-99.1 (d101695dex991.htm)

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8-K

8-K (Primary)

Filename: d101695d8k.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) August 4, 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 August 4, 2026, PSEG announced financial results for the three and six months ended June 30, 2026. A copy of the earnings release dated August 4, 2026 is furnished as Exhibit 99 to this Form

8-K.

Item 7.01 Regulation FD Disclosure

PSEG and PSE&G

On August 4, 2026, PSEG conducted an earnings call regarding its results for the three and six months ended June 30, 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 August 4, 2026

Exhibit 99.1

Slideshow Presentation

Exhibit 104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: August 4, 2026

SIGNATURE

PUBLIC SERVICE ELECTRIC AND GAS COMPANY

(Registrant)

By:

/s/ Rose M. Chernick

ROSE M. CHERNICK

Vice President and Controller

(Principal Accounting Officer)

Date: August 4, 2026

EX-99

Filename: d101695dex99.htm · Sequence: 2

EX-99

Exhibit 99

Public Service Enterprise Group

80 Park Plaza

Newark, NJ 07102

PSEG ANNOUNCES SECOND QUARTER 2026 RESULTS

$0.67 PER SHARE NET INCOME

$0.86 PER SHARE NON-GAAP OPERATING EARNINGS

Maintains 2026 Non-GAAP Operating Earnings Guidance of $4.28 - $4.40 Per Share

(NEWARK, N.J. – August 4, 2026) Public Service Enterprise Group (NYSE: PEG) reported the following results for the second quarter and six months

ended June 30, 2026:

PSEG Consolidated (unaudited)

Second Quarter Comparative Results

Income

Earnings Per Share

($ millions, except per share amounts)

2026

2025

2026

2025

Net Income

334

585

0.67

1.17

Reconciling Items

(201

)

0.19

(0.40

)

Non-GAAP Operating Earnings

425

384

0.86

0.77

Average Shares Outstanding (Diluted)

499

500

See Attachments 8 and 9 for a complete list of items excluded from Net Income/(Loss) in the

determination of non-GAAP Operating Earnings.

PSEG Consolidated (unaudited)

Six Months Ended June 30 Comparative Results

Income

Earnings Per Share

($ millions, except per share amounts)

2026

2025

2026

2025

Net Income

1,075

1,174

2.15

2.35

Reconciling Items

128

(72

)

0.26

(0.15

)

Non-GAAP Operating Earnings

1,203

1,102

2.41

2.20

Average Shares Outstanding (Diluted)

499

500

See Attachments 8 and 9 for a complete list of items excluded from Net Income/(Loss) in the

determination of non-GAAP Operating Earnings.

“The efficient execution of PSEG’s strategic plan

continues to benefit our customers with a resilient and reliable electric and gas system. In early July, these systems withstood a series of heatwaves and successive thunderstorms – accompanied by 70 mile per hour winds – that resulted

in one of the most damaging storms in our history,” said Ralph LaRossa, PSEG’s chair, president and CEO.

LaRossa continued, “PSE&G reconnected approximately 380,000 customers with nearly all customers

restored within 24 hours of losing power, demonstrating the value of our system-reliability investments as well as our ability to respond quickly and safely. PSE&G’s

around-the-clock restoration efforts were led by over 330 crews and over 10 million proactive customer communications.”

“PSE&G reached a peak summer load of 10,446 MW on July 2, the highest in 14 years, and activated Demand Response – part of our Clean

Energy Future programs – during three separate events throughout the early July heatwave. These peak demands amplify the importance of our suite of award-winning Clean Energy Future programs, which now generate more than $1 billion in

annual customer savings, helping nearly 525,000 residential and business customers save energy and lower utility bills since the program started in 2020. PSE&G’s energy efficiency investments have supported approximately 9,300 jobs

statewide, including a network of more than 1,000 trade and union allies.”

“During the quarter, PSE&G filed with the New Jersey Board of

Public Utilities to lower residential gas bills by 5%, beginning October 1, continuing to benefit our customers with the lowest gas utility bills in New Jersey and the Mid-Atlantic Region.”

“PSEG Nuclear also performed well during the quarter, supplying the grid with 7.8 TWh of carbon-free, 24 by 7 baseload generation and achieving a

capacity factor of 92.0% that included a second consecutive breaker to breaker run at Salem Unit 2.”

“In addition to an exemplary storm

response, our teams delivered solid financial and operational results for the second quarter and first half of 2026, enabling us to maintain PSEG’s full-year 2026 non-GAAP Operating Earnings guidance of

$4.28 to $4.40 per share. We are also reaffirming PSEG’s five-year, non-GAAP Operating Earnings growth outlook of 6% to 8% through 2030 as we continue to pursue opportunities incremental to our long-term

forecast, including the potential to contract our nuclear output under multi-year agreements. Importantly, our solid balance sheet enables the funding of PSEG’s total five-year capital investment program of $24 billion to $28 billion

without the need to issue new equity or sell assets and provides the opportunity for consistent and sustainable dividend growth,” LaRossa concluded.

PSEG Results by Segment (unaudited)

Second Quarter and Six Months Ended June 30, Comparative Results

($ millions)

2Q 2026

2Q 2025

YTD 2026

YTD 2025

PSE&G Net Income/Non-GAAP Operating Earnings

342

332

919

878

PSEG Power & Other Net Income/(Loss)

)

253

156

296

Total PSEG Net Income

334

585

1,075

1,174

PSEG Power & Other Non-GAAP Operating

Earnings

284

224

Total PSEG Non-GAAP Operating Earnings

425

384

1,203

1,102

PSE&G’s results for the second quarter reflect ongoing investments in Energy Efficiency, Gas System Modernization

and Transmission. These results were partially offset by higher operation and maintenance costs as well as higher depreciation and interest expense related to incremental investments and a prior year Transmission true up.

PSEG Power & Other results for the quarter reflect higher realized prices and an increase in nuclear generation, partly offset by the absence of zero

emission certificates which ended May 2025, and higher interest expense and taxes.

###

PSEG will host a conference call to review its second 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

(973) 430-6565

DL-ENT-pseg.communications@pseg.com

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 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 8 and 9 for a complete list of items excluded from Net Income/(Loss) 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/(Loss), 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;

•

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.

Attachment 1

Public Service Enterprise Group Incorporated

Consolidating Statements of Operations

(Unaudited, $ millions, except per share data)

Three Months Ended June 30, 2026

PSEG

Eliminations

PSE&G

PSEG Power

& Other(a)

OPERATING REVENUES

2,554

(117

)

2,137

534

OPERATING EXPENSES

Energy Costs

866

(117

)

776

207

Operation and Maintenance

906

—

545

361

Depreciation and Amortization

321

—

286

Total Operating Expenses

2,093

(117

)

1,607

603

OPERATING INCOME

461

—

530

(69

)

Net Gains (Losses) on Trust Investments

144

—

144

Net Other Income (Deductions)

—

Net Non-Operating Pension and Other Postretirement Benefit

(OPEB) Credits (Costs)

—

Interest Expense

(269

)

—

(174

)

(95

)

INCOME BEFORE INCOME TAXES

398

—

393

Income Tax Expense

(64

)

—

(51

)

(13

)

NET INCOME (LOSS)

334

—

342

)

Reconciling Items Excluded from Net Income

(Loss)(b)

—

OPERATING EARNINGS (non-GAAP)

425

—

342

Earnings Per Share

NET INCOME

0.67

Reconciling Items Excluded from Net

Income(b)

0.19

OPERATING EARNINGS (non-GAAP)

0.86

Three Months Ended June 30, 2025

PSEG

Eliminations

PSE&G

PSEG Power

& Other(a)

OPERATING REVENUES

2,805

(146

)

2,031

920

OPERATING EXPENSES

Energy Costs

826

(146

)

760

212

Operation and Maintenance

854

—

504

350

Depreciation and Amortization

308

—

275

Total Operating Expenses

1,988

(146

)

1,539

595

OPERATING INCOME

817

—

492

325

Net Gains (Losses) on Trust Investments

—

Net Other Income (Deductions)

)

Net Non-Operating Pension and OPEB Credits

(Costs)

—

)

Interest Expense

(248

)

(161

)

(88

)

INCOME BEFORE INCOME TAXES

726

—

365

361

Income Tax Expense

(141

)

—

(33

)

(108

)

NET INCOME

585

—

332

253

Reconciling Items Excluded from Net

Income(b)

(201

)

—

(201

)

OPERATING EARNINGS (non-GAAP)

384

—

332

Earnings Per Share

NET INCOME

1.17

Reconciling Items Excluded from Net

Income(b)

(0.40

)

OPERATING EARNINGS (non-GAAP)

0.77

(a)

Includes activities at PSEG Power, PSEG Long Island, Energy Holdings, PSEG Services Corporation and the Parent.

(b)

See Attachments 8 and 9 for details of items excluded from Net Income (Loss) to compute Operating Earnings (non-GAAP).

Attachment 2

Public Service Enterprise Group Incorporated

Consolidating Statements of Operations

(Unaudited, $ millions, except per share data)

Six Months Ended June 30, 2026

PSEG

Eliminations

PSE&G

PSEG Power

& Other(a)

OPERATING REVENUES

6,402

(770

)

5,222

1,950

OPERATING EXPENSES

Energy Costs

2,373

(770

)

2,134

1,009

Operation and Maintenance

1,843

—

1,182

661

Depreciation and Amortization

650

—

581

Total Operating Expenses

4,866

(770

)

3,897

1,739

OPERATING INCOME

1,536

—

1,325

211

Net Gains (Losses) on Trust Investments

127

—

127

Net Other Income (Deductions)

—

Net Non-Operating Pension and OPEB Credits

(Costs)

—

Interest Expense

(541

)

—

(349

)

(192

)

INCOME BEFORE INCOME TAXES

1,246

—

1,049

197

Income Tax Expense

(171

)

—

(130

)

(41

)

NET INCOME

1,075

—

919

156

Reconciling Items Excluded from Net

Income(b)

128

—

128

OPERATING EARNINGS (non-GAAP)

1,203

—

919

284

Earnings Per Share

NET INCOME

2.15

Reconciling Items Excluded from Net

Income(b)

0.26

OPERATING EARNINGS (non-GAAP)

2.41

Six Months Ended June 30, 2025

PSEG

Eliminations

PSE&G

PSEG Power

& Other(a)

OPERATING REVENUES

6,027

(680

)

4,695

2,012

OPERATING EXPENSES

Energy Costs

2,012

(680

)

1,854

838

Operation and Maintenance

1,773

—

1,080

693

Depreciation and Amortization

628

—

555

Total Operating Expenses

4,413

(680

)

3,489

1,604

OPERATING INCOME

1,614

—

1,206

408

Net Gains (Losses) on Trust Investments

103

—

103

Net Other Income (Deductions)

)

Net Non-Operating Pension and OPEB Credits

(Costs)

—

)

Interest Expense

(489

)

(318

)

(173

)

INCOME BEFORE INCOME TAXES

1,343

—

955

388

Income Tax Expense

(169

)

—

(77

)

(92

)

NET INCOME

1,174

—

878

296

Reconciling Items Excluded from Net

Income(b)

(72

)

—

(72

)

OPERATING EARNINGS (non-GAAP)

1,102

—

878

224

Earnings Per Share

NET INCOME

2.35

Reconciling Items Excluded from Net

Income(b)

(0.15

)

OPERATING EARNINGS (non-GAAP)

2.20

(a)

Includes activities at PSEG Power, PSEG Long Island, Energy Holdings, PSEG Services Corporation and the Parent.

(b)

See Attachments 8 and 9 for details of items excluded from Net Income to compute Operating Earnings (non-GAAP).

Attachment 3

Public Service Enterprise Group Incorporated

Capitalization Schedule

(Unaudited, $ millions)

June 30,

2026

December 31,

2025

DEBT

Commercial Paper and Loans

950

1,529

Long-Term Debt*

23,591

22,545

Total Debt

24,541

24,074

STOCKHOLDERS’ EQUITY

Common Stock

5,026

5,062

Treasury Stock

(1,471

)

(1,435

)

Retained Earnings

13,853

13,446

Accumulated Other Comprehensive Loss

(79

)

(91

)

Total Stockholders’ Equity

17,329

16,982

Total Capitalization

41,870

41,056

Includes current portion of Long-Term Debt

Attachment 4

Public Service Enterprise Group Incorporated

Condensed Consolidated Statements of Cash Flows

(Unaudited, $ millions)

Six Months Ended June 30,

2026

2025

Cash Flows From Operating Activities

Net Income

1,075

1,174

Adjustments to Reconcile Net Income to Net Cash Flows From Operating Activities

746

353

Net Cash Provided By (Used In) Operating Activities

1,821

1,527

Net Cash Provided By (Used In) Investing Activities

(1,451

)

(1,388

)

Net Cash Provided By (Used In) Financing Activities

(310

)

(78

)

Net Change in Cash, Cash Equivalents and Restricted Cash

Cash, Cash Equivalents and Restricted Cash at Beginning of Period

156

154

Cash, Cash Equivalents and Restricted Cash at End of Period

216

215

Attachment 5

Public Service Electric & Gas Company

Retail Sales

(Unaudited)

June 30, 2026

Electric Sales

Sales (millions kWh)

Three Months

Ended

Change vs.

2025

Six Months

Ended

Change vs.

2025

Residential

3,242

6,732

Commercial & Industrial

6,316

13,100

Other

168

Total

9,629

20,000

Gas Sold and Transported

Sales (millions therms)

Three Months

Ended

Change vs.

2025

Six Months

Ended

Change vs.

2025

Firm Sales

Residential Sales

188

980

Commercial & Industrial

163

674

Total Firm Sales

351

1,654

Non-Firm Sales*

Commercial & Industrial

190

(45

351

(26

Total Non-Firm Sales

190

351

Total Sales

541

(23

2,005

Contract Service Gas rate included in non-firm sales

Weather Data*

Three Months

Ended

Change vs.

2025

Six Months

Ended

Change vs.

2025

THI Hours - Actual

5,477

5,598

THI Hours - Normal

4,246

4,267

Degree Days - Actual

457

3,018

Degree Days - Normal

468

2,919

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. Summer weather is measured by the temperature-humidity index (THI), which takes into account both the temperature and the humidity to measure the need for air

conditioning. Both 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 6

Nuclear Generation Measures

(Unaudited)

GWh Breakdown

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Nuclear - NJ

4,952

4,670

10,044

10,134

Nuclear - PA

2,835

2,841

5,732

7,787

7,511

15,776

15,866

Attachment 7

Public Service Enterprise Group Incorporated

Statistical Measures

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Weighted Average Common Shares Outstanding (millions)

Basic

498

499

498

499

Diluted

499

500

499

500

Stock Price at End of Period

81.16

84.18

Dividends Paid per Share of Common Stock

0.67

0.63

1.34

1.26

Dividend Yield

3.3

3.0

Book Value per Common Share

34.79

33.43

Market Price as a Percent of Book Value

233

252

Attachment 8

Public Service Enterprise Group Incorporated

Consolidated Operating Earnings (non-GAAP) Reconciliation

Reconciling Items

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

($ millions, Unaudited)

Net Income

334

585

1,075

1,174

(Gain) Loss on Nuclear Decommissioning Trust (NDT) Fund Related Activity, pre-tax

(153

)

(108

)

(147

)

(120

)

(Gain) Loss on

Mark-to-Market (MTM), pre-tax(a)

258

(190

)

299

)

Income Taxes related to Operating Earnings (non-GAAP)

reconciling items(b)

(14

)

(24

)

Operating Earnings (non-GAAP)

425

384

1,203

1,102

PSEG Fully Diluted Average Shares Outstanding (in millions)

499

500

499

500

($ Per Share Impact -

Diluted, Unaudited)

Net Income

0.67

1.17

2.15

2.35

(Gain) Loss on NDT Fund Related Activity, pre-tax

(0.30

)

(0.22

)

(0.29

)

(0.25

)

(Gain) Loss on MTM, pre-tax(a)

0.52

(0.38

)

0.60

—

Income Taxes related to Operating Earnings (non-GAAP)

reconciling items(b)

(0.03

)

0.20

(0.05

)

0.10

Operating Earnings (non-GAAP)

0.86

0.77

2.41

2.20

(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 9

PSEG Power & Other Operating Earnings (non-GAAP) Reconciliation

Reconciling Items

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

($ millions, Unaudited)

Net Income (Loss)

)

253

156

296

(Gain) Loss on NDT Fund Related Activity, pre-tax

(153

)

(108

)

(147

)

(120

)

(Gain) Loss on MTM, pre-tax(a)

258

(190

)

299

)

Income Taxes related to Operating Earnings (non-GAAP)

reconciling items(b)

(14

)

(24

)

Operating Earnings (non-GAAP)

284

224

PSEG Fully Diluted Average Shares Outstanding (in millions)

499

500

499

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

Filename: d101695dex991.htm · Sequence: 3

EX-99.1

Exhibit 99.1 Public Service Enterprise Group SECOND QUARTER 2026 NYSE:

PEG Financial Results Presentation August 4, 2026

PSEG Second Quarter 2026 Forward-Looking Statements Certain of the

matters discussed in this report about our and our subsidiaries’ future performance, • 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, without limitation, future revenues, earnings, strategies, prospects, consequences, and including the potential impacts on the economic viability of our generation units; all other statements that

are not purely historical constitute “forward-looking statements” within • the ability to obtain adequate nuclear fuel supply; the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking •

changes in technology related to energy generation, distribution and consumption and statements are subject to risks and uncertainties, which could cause actual results to differ changes in customer usage patterns; • third-party credit risk

relating to our sale of nuclear generation output and purchase of materially from those anticipated. Such statements are based on management’s beliefs as well as nuclear fuel; assumptions made by and information currently available to

management. When used herein, the • any inability to meet our commitments under forward sale obligations and Regional words “anticipate,” “intend,” “estimate,” “believe,” “expect,”

“plan,” “should,” “hypothetical,” Transmission Organization rules; “potential,” “forecast,” “project,” variations of such words and similar expressions are intended to •

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; identify forward-looking statements. Factors that may cause actual

results to differ are often • the impact of changes in state and federal legislation and regulations on our business, presented with the forward-looking statements themselves. Other factors that could cause actual including PSE&G’s

ability to recover costs and earn returns on authorized investments; results to differ materially from those contemplated in any forward-looking statements made by us • PSE&G’s proposed investment projects or programs may not be

fully approved by regulators herein are discussed in filings we make with the United States Securities and Exchange and its capital investment may be lower than planned; • our ability to receive sufficient financial support for our New Jersey

nuclear plants from the Commission (SEC), including our Annual Report on Form 10-K and subsequent reports on Form markets, and/or production tax credits; 10-Q and Form 8-K. These factors include, but are not limited to: • adverse changes in

and non-compliance with energy industry laws, policies, regulations and • any inability to successfully develop, obtain regulatory approval for, or construct transmission standards, including market structures and transmission planning and

transmission returns; and distribution, and our nuclear generation projects; • risks associated with our ownership and operation of nuclear facilities, including increased • significant resource adequacy challenges that present

affordability and reliability concerns nuclear fuel storage costs, regulatory risks, such as compliance with the Atomic Energy Act and that could cause policymakers to implement responsive measures that could have a and trade control, environmental

and other regulations, as well as operational, financial, material, adverse impact on our business, strategy, growth rates, cash flows, results of environmental and health and safety risks; operations, and financial condition and increase regulatory

uncertainty for utility investment • changes in or violation of federal, state and local environmental laws and regulations and initiatives and programs; enforcement; • the physical, financial and transition risks related to climate

change, including risks relating to • delays in receipt of, or an inability to receive, necessary licenses and permits and siting potentially increased legislative and regulatory burdens, changing customer preferences and approvals; and

lawsuits; • changes in tax laws and regulations. • 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 All of the forward-looking statements made in this report are qualified by these cautionary of violence, sabotage, physical attacks or security breaches, cyberattacks or other incidents statements and we cannot assure you that the results or

developments anticipated by that may impact our ability to provide safe and reliable service to our customers; management will be realized or even if realized, will have the expected consequences to, or • any inability to recover the carrying

amount of our long-lived assets; • disruptions or cost increases in our supply chain, including labor shortages; effects on, us or our business, prospects, financial condition, results of operations or cash flows. • any inability to

maintain sufficient liquidity or access sufficient capital on commercially Readers are cautioned not to place undue reliance on these forward-looking statements in reasonable terms; making any investment decision. Forward-looking statements made in

this report apply only as • the impact of cybersecurity attacks or intrusions or other disruptions to our information of the date of this report. While we may elect to update forward-looking statements from time to technology, operational or

other systems; • failure to attract and retain a qualified workforce; time, we specifically disclaim any obligation to do so, even in light of new information or future • increases in the costs of equipment, materials, fuel, services and

labor; events, unless otherwise required by applicable securities laws. • the impact of our covenants in our debt instruments and credit agreements on our business; • adverse performance of our defined benefit plan trust funds and

Nuclear Decommissioning The forward-looking statements contained in this report are intended to qualify for the safe Trust Fund and increases in funding requirements; harbor provisions of Section 27A of the Securities Act of 1933, as amended, and

Section 21E of • any inability to enter into or extend certain significant contracts; the Securities Exchange Act of 1934, as amended. 2 2

PSEG Second Quarter 2026 GAAP Disclaimer PSEG presents Operating

Earnings in addition to its Net Income/(Loss) 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/(Loss). 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 GAAP Operating Earnings and non-GAAP FFO estimates and our inability to Income/(Loss) 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/(Loss) (including comparing PSEG’s financial performance to previous financial results. The changes in regulatory

assets/liabilities, deferred taxes) with respect to non-GAAP presentation of non-GAAP Operating Earnings is intended to complement, and FFO and non-GAAP debt and imputed debt (including unfunded pension obligation) should not be considered an

alternative to, the presentation of Net Income/(Loss), with respect to non-GAAP debt - due to the volatility, complexity and low visibility of which is an indicator of financial performance determined in accordance with these items, PSEG is unable

to reconcile these non-GAAP financial measures to GAAP. In addition, non-GAAP Operating Earnings as presented in this release may the most directly comparable GAAP financial measure. These items are uncertain, not be 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 August 4, 2026. and

non-GAAP Funds From Operations (FFO), including the forward-looking non- GAAP FFO/Debt ratio target, in its presentations. 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 Second Quarter 2026 PSEG Q2 and Year-to-Date 2026 Highlights Second

Quarter and YTD Results • Net Income of $0.67 per share in Q2 2026 and $2.15 per share YTD • Non-GAAP Operating Earnings of $0.86 per share in Q2 2026 and $2.41 per share YTD Operational Excellence • PSE&G responded to one of

the largest restoration efforts in its history by quickly and safely restoring power to ~380,000 electric customers and completing 7,000+ A/C repairs following a week of extreme weather events in early July nd • PSE&G successfully managed

a summer peak load of 10,446 MW on July 2 , the highest system load since 2012 • PSEG Nuclear achieved a capacity factor of 92.0% for the quarter following completion of scheduled refueling outage at Salem Unit 2 and 93.7% YTD Disciplined

Investment • Regulated investment was ~$1 billion in Q2; regulated capital spending plan for full year 2026 of ~$4.2 billion on track • Total PSEG capital program of $24B - $28B for 2026-2030, >90% regulated investments See Slides A

and B for Items excluded from Net Income/(Loss) to reconcile to Operating Earnings (non-GAAP). 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 Second 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 over 95% of expected nuclear output in 2026; $4.05 market prices for energy and capacity above PTC threshold price 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 Second Quarter 2026 Strong Business Mix and Predictable Growth with

Upside grams for Residential and C&I Customers grams for Residential and C&I Customers grams for Residential and C&I Customers Steady Execution Alignment with NJ Energy Policy Energy Solutions Provide Upside • PSEG’s outlook

for long-term, non-GAAP • Stringent cost control supports customer • Potential growth beyond forecasted 6%-8% Operating Earnings CAGR is 6%-8% affordability CAGR in non-GAAP Operating Earnings through 2030 includes: • Regulated

capital investment program • Total PSEG capital program of $24B - $28B focused on reliability of utility infrastructure o Contracting existing and planned additions of for 2026-2030, >90% regulated investments and cost saving energy

efficiency nuclear output above current market prices focused largely on system replacement • PSEG’s investments provide economic o Winning incremental competitive transmission • Rate Base CAGR of 6%-7.5% over same stimulus and

support jobs in New Jersey solicitations period efficiently translates to earnings growth • Favorable affordability profile in the state, o Making incremental system investments to • Able to fund 5-year capital spending plan the

mid-Atlantic region and nationally connect solar and battery storage resources without the need to issue equity or sell assets to the grid to meet new demand • Best-in-class operating performance • Opportunistically hedging nuclear

output to in safety, reliability, storm response and o Potential for regulated/contracted supply support long-term earnings CAGR customer satisfaction measures opportunities • Management track record of 21 consecutive • PSE&G

transparency on connecting years meeting or exceeding non-GAAP renewables to the grid Operating Earnings guidance 6

PSEG Second Quarter 2026 Q2 2026 Review 7

PSEG Second Quarter 2026 PSEG Q2 Results PSEG Summary – Three

Months ended June 30, Net Income/(Loss) ($ in millions) 2026 2025 Change PSE&G $342 $332 $10 PSEG Power & Other $(8) $253 $(261) Total PSEG $334 $585 $(251) Non-GAAP Operating Earnings ($ in millions) 2026 2025 Change PSE&G $342 $332 $10

PSEG Power & Other $83 $52 $31 Total PSEG $425 $384 $41 8 8 See Slides A and B for Items excluded from Net Income/(Loss) to reconcile to Operating Earnings (non-GAAP).

PSEG Second Quarter 2026 PSEG EPS Reconciliation – Q2 Results

$1.17 $1.20 $1.10 $1.00 $1.10 ~ ~ $0.90 $0.86 $0.06 $0.03 $0.77 $0.80 Gross Margin 0.08 Transmission -- Depreciation & Interest $0.70 $0.67 Distribution: (0.01) Margin 0.05 Taxes & Other (0.01) $0.60 O&M (0.01) Depreciation &

Interest $0.50 (0.02) Taxes & Other 0.01 $0.40 $0.30 $0.20 $0.10 $0.00 Q2 2025 Q2 2025 PSE&G PSEG Power & Other Q2 2026 Q2 2026 Net Income Operating Earnings Operating Earnings Net Income (non-GAAP) (non-GAAP) See Slides A and B for

Items excluded from Net Income/(Loss) to reconcile to Operating Earnings (non-GAAP). 9 9 Results may not add due to rounding. $ / share

PSEG Second Quarter 2026 PSEG First Half Results PSEG Summary –

Six Months ended June 30, Net Income ($ in millions) 2026 2025 Change PSE&G $919 $878 $41 PSEG Power & Other $156 $296 $(140) Total PSEG $1,075 $1,174 $(99) Non-GAAP Operating Earnings ($ in millions) 2026 2025 Change PSE&G $919 $878 $41

PSEG Power & Other $284 $224 $60 Total PSEG $1,203 $1,102 $101 10 10 See Slides A and B for Items excluded from Net Income/(Loss) to reconcile to Operating Earnings (non-GAAP).

PSEG Second Quarter 2026 PSEG EPS Reconciliation – First Half

Results $2.50 $2.41 $0.12 $2.35 $0.09 $2.20 $2.25 Gross Margin 0.08 $2.15 Transmission 0.01 O&M 0.06 $2.00 Distribution: Depreciation & Interest (0.02) Margin 0.12 $1.75 O&M (0.02) Depreciation & Interest (0.04) $1.50 Taxes &

Other 0.02 $1.25 $1.00 $0.75 $0.50 $0.25 $0.00 YTD 2025 YTD 2025 PSE&G PSEG Power & Other YTD 2026 YTD 2026 Net Income Operating Earnings Operating Earnings Net Income (non-GAAP) (non-GAAP) See Slides A and B for Items excluded from Net

Income/(Loss) to reconcile to Operating Earnings (non-GAAP). 11 11 Results may not add due to rounding. $ / share

PSEG Second Quarter 2026 PSE&G Q2 and Year-to-Date 2026 Highlights

Operations Regulatory and Market Environment • Residential Electric customer count grew by ~1% and Residential Gas customer • PSE&G filed with the BPU to lower residential gas heating bills by 5% effective count was flat for the

trailing 12 months ended June 30, 2026 October 2026, maintaining the lowest gas bills in NJ and Mid-Atlantic Region • Weather-normalized sales for the trailing 12 months ended June 30: • BPU approved annual revenue increase of $23

million for investments under GSMP II Extension effective April 1, 2026 - Total Electric sales increased by ~1% - Total Gas sales decreased by ~3% • BPU released Phase 1 report on Modernizing New Jersey’s Electric Utility Business Model

in July; Phase 2 to now commence • PSE&G replaced ~165 miles of gas main and ~27,510 associated gas services to homes and businesses under gas main replacement program for the trailing • BPU issued a one-year extension to the second

triennium of EE programs 12 months ended June 30 running from 7/1/2027 - 6/30/2028 (Triennium 2.5 Framework) - Reduced reported methane emissions by over 34% system wide since 2018 • New BPU President, Ben Hertz-Shargel, assumed office in July

2026 through GSMP • NJ Governor signed three utility-related bills (Repeal ROE Adder, S1673 / Financial A2757; Advanced Grid Technologies Act, S4411 / A5188; and Data Center Fair Share, S731 / A796) and the Power NJ Act (A4881/S4296) in July

• PSE&G invested ~$1 billion in Q2; Regulated capital investments for 2026 expected to total ~$4.2 billion • 2024 Zero Emission Certificates customer refunds started June 2026 • PSE&G currently anticipates filing by year

end 2026 to update base rates 12

PSEG Second Quarter 2026 PSEG Power & Other Financial

Considerations Nuclear Generation Measures • For 2026, total nuclear generation is forecasted to be 30-32 TWh Three Months Ended Six Months Ended • Realized energy price historically aligned with the PECO hub June 30, June 30, •

Over 95% of expected nuclear output hedged for 2026 2026 2025 2026 2025 • Hope Creek extended fuel cycle from 18 months to 24 months in fall 2025 Capacity Factor 92.0% 88.8% 93.7% 94.3% • Capacity uprate potential at Salem of nearly 200

MW total (~112 MW Fuel Cost ($ millions) $54 $49 $108 $101 PSEG share) Generation (GWh) 7,787 7,511 15,776 15,866 • Notified NRC of intention to file for extension of operating licenses for Fuel Cost ($/MWh) $6.93 $6.52 $6.85 $6.37 Salem Units

1&2 and Hope Creek by 20 years to 2056, 2060 and 2066, 2026: Spring – S2 Fall – S1, PB2 respectively Refueling Outages: 2025: Spring – S1 Fall – HC, PB3 • Optionality around data centers/large load customers and

PPAs at premium pricing to PTC; Submitted proposals into PJM RBP process 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 2025 – May 2026 $270/MW-Day 3,500 MW 10 TWh $100M $250M $500M June 2026 – May 2027 $329/MW-Day 3,500 MW 20 TWh $200M $500M $1,000M June 2027 – May 2028 $333/MW-Day 3,500 MW 30 TWh $300M $750M $1,500M June 2028 – May 2029

$325/MW-Day 3,600 MW Note: Generation indicates net generation. Average Prices and Cleared Capacity reflect base and incremental auctions. 13 13 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 Second Quarter 2026 Appendix 14

PSEG Second 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 PSEG Long-term Debt Outstanding $5.81B PSE&G Long-term Debt Outstanding $16.54B PSEG Consolidated Debt to Capitalization 59% PSEG Maturity Profile 2026 - 2030 PSEG Power Senior Unsecured Credit Ratings Moody’s = Baa2 / Outlook =

Stable S&P = BBB / Outlook = Stable 2,500 (1) PSEG Power 364-Day Term Loan Outstanding $0.50B 2,000 PSEG Power Long-term Debt Outstanding $1.24B 1,500 1,000 PSEG Liquidity 500 PSEG Liquidity and Net Cash Collateral Postings • PSEG had

approximately $3.4B of total available liquidity, including $192M of cash and cash equivalents, at June 30, 2026 0 2026 2027 2028 2029 2030 • As of June 30, 2026, PSEG’s variable rate debt was ~3% of total debt • PSEG Power had net

cash collateral postings of $414M at June 30, 2026 PSE&G PSEG Power PSEG All data is as of June 30, 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

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. 15 15 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 Second Quarter 2026 PSEG Liquidity as of June 30, 2026 Expiration

Total Available Company Facility Usage Date Facility Liquidity ($ millions) PSE&G Revolving Credit Facility March 2031 $1,000 $27 $973 PSEG Money Pool (A) PSEG/PSEG Power Revolving Credit Facility (PSEG) March 2031 $1,500 $470 $1,030 (A)

Revolving Credit Facility (PSEG Power) March 2031 1,250 58 1,192 (B) Letter of Credit Facility (PSEG Power) March 2028 75 60 15 $2,825 $588 $2,237 Total Facilities $3,825 $615 $3,210 PSEG Money Pool Cash and Short-term Investments $45 PSE&G Cash

and Short-term Investments $147 Total Liquidity Available $3,402 Total Money Pool Liquidity Available $2,282 (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 $305 million in letters of credit outstanding under these facilities. PSE&G has a $30 million uncommitted credit facility 16 16 with an immaterial

amount of letters of credit outstanding under this facility.

PSEG Second Quarter 2026 PSEG Glossary of Terms A/C Air conditioner IAP

Infrastructure Advancement Program PSEG Investor Relations 80 Park Plaza ICAP Installed Capacity AFUDC Allowance For Funds Used During Construction Newark NJ 07102 LIPA Long Island Power Authority BGS Basic Generation Service

PSEG-IR-GeneralInquiry@pseg.com MW Megawatt BGSS Basic Gas Supply Service NRC Nuclear Regulatory Commission BPU New Jersey Board of Public Utilities Link to PSEG Investor Relations Website O&M Operation & Maintenance BRA Base Residual

Auction OSA Operations Services Agreement CAGR Compound Annual Growth Rate PB Peach Bottom CEF Clean Energy Future Link to PSEG Sustainability Webpage PECO PECO Energy Company CIP Conservation Incentive Program PJM Pennsylvania New Jersey Maryland

CWIP Construction Work In Progress The information on the PSEG Investor PPA Power Purchase Agreement E Estimate Relations Website and the PSEG PTC Production Tax Credit EE Energy Efficiency Sustainability Webpage is not incorporated RBP Reliability

Backstop Procurement EPS Earnings Per Share herein and is not part of this slide ROE Return on Equity ESG Environmental, Social and Governance presentation or the Form 8-K to which it is S Salem FERC Federal Energy Regulatory Commission an exhibit.

T&D Transmission and Distribution FFO Funds From Operations TWh Terawatt-hour FY Full Year UCAP Unforced Capacity GAAP Generally Accepted Accounting Principles YE Year End GSMP Gas System Modernization Program YTD Year to Date HC Hope Creek ZEC

Zero Emission Certificate 17 17

PSEG Second 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 Six Months Ended forward delivery months. June 30, June 30, Reconciling

Items (b) Income tax effect calculated at the statutory rate 2026 2025 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 $ 334 $ 585 $ 1,075 $ 1,174 Operating Earnings as a non-GAAP financial measure (Gain) Loss on Nuclear Decommissioning Trust (NDT) and how it differs from Net Income. Fund Related Activity,

pre-tax (153) (108) (147) (120) (a) (Gain) Loss on Mark-to-Market (MTM), pre-tax 258 (190) 299 ( 2) (b) Income Taxes related to Operating Earnings (non-GAAP) reconciling items (14) 97 (24) 50 Operating Earnings (non-GAAP) $ 425 $ 384 $ 1,203 $ 1,102

PSEG Fully Diluted Average Shares Outstanding (in millions) 499 500 499 500 ($ Per Share Impact - Diluted, Unaudited) Net Income $ 0.67 $ 1.17 $ 2.15 $ 2.35 (Gain) Loss on NDT Fund Related Activity, pre-tax ( 0.30) (0.22) (0.29) (0.25) (a) (Gain)

Loss on MTM, pre-tax 0 .52 (0.38) 0.60 - (b) Income Taxes related to Operating Earnings (non-GAAP) reconciling items (0.03) 0.20 ( 0.05) 0.10 Operating Earnings (non-GAAP) $ 0.86 $ 0.77 $ 2.41 $ 2.20 A 18 18

PSEG Second 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 Six Months Ended forward delivery months. Reconciling Items June 30, June 30, (b) Income tax effect

calculated at the statutory rate 2026 2025 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 (Loss) $ (8) $ 253 $ 156 $ 296 Operating Earnings as a non-GAAP financial measure (Gain) Loss on NDT Fund Related Activity, pre-tax (153) (108) (147) (120) and how it differs from Net Income/(Loss). (a) (Gain) Loss on

MTM, pre-tax 258 (190) 299 ( 2) (b) Income Taxes related to Operating Earnings (non-GAAP) reconciling items (14) 97 (24) 50 Operating Earnings (non-GAAP) $ 83 $ 52 $ 284 $ 224 PSEG Fully Diluted Average Shares Outstanding (in millions) 499 500 499

500 B 19 19

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