Rate Filings |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Regulatory Assets [Line Items] | |
| Rate Filings | Note 4. Rate Filings In addition to items previously reported in the Annual Report on Form 10-K, significant regulatory orders received and currently pending rate filings with the BPU or FERC by PSE&G are as follows: • Clean Energy Future-Electric Vehicles (CEF-EV)—In January 2026, PSE&G filed an updated cost recovery petition to recover $8 million annually in electric base rates. This filing requests the return of and on investment for CEF-EV electric investments placed in service through December 31, 2025. This matter is pending. • CIP—In January 2026, the BPU gave final approval to the provisional electric CIP rates recovering annual deficient electric revenues of approximately $65 million. The provisional rate was effective June 1, 2025. In March 2026, PSE&G filed its annual electric CIP petition seeking BPU approval to return to customers excess revenues of approximately $26 million based on the 12-month period ending May 31, 2026 with new rates proposed to be effective June 1, 2026. This matter is pending. • Gas System Modernization Program II Extension (GSMP II Ext)—In February 2026, PSE&G filed a GSMP II Ext cost recovery petition seeking BPU approval to recover in gas rates an annual revenue increase of $4 million effective September 1, 2026 representing the return of and on investment in GSMP II Ext gas investments to be placed in service through May 31, 2026. This matter is pending. In March 2026, the BPU approved PSE&G’s updated GSMP II Ext cost recovery petition to recover $23 million annually in gas base rates effective April 1, 2026. The approved gas revenue increase represents the return of and on actual GSMP II Ext investments placed in service through October 31, 2025. • Infrastructure Advancement Program (IAP)—In January 2026, PSE&G filed an updated IAP cost recovery petition seeking BPU approval to recover in electric and gas base rates annual revenue increases of $10 million and $4 million, respectively. These increases represent the return of and on IAP investments in service through December 31, 2025. This matter is pending. •
ZEC Program— In January 2026, the BPU directed PSE&G to eliminate its ZEC tariff rate, effective February 1, 2026 and for PSE&G to apply the overcollected ZEC revenue balance into the Universal Service Fund component of PSE&G’s SBC clause. |
| Public Service Electric and Gas Company [Member] | |
| Regulatory Assets [Line Items] | |
| Rate Filings | Note 4. Rate Filings In addition to items previously reported in the Annual Report on Form 10-K, significant regulatory orders received and currently pending rate filings with the BPU or FERC by PSE&G are as follows: • Clean Energy Future-Electric Vehicles (CEF-EV)—In January 2026, PSE&G filed an updated cost recovery petition to recover $8 million annually in electric base rates. This filing requests the return of and on investment for CEF-EV electric investments placed in service through December 31, 2025. This matter is pending. • CIP—In January 2026, the BPU gave final approval to the provisional electric CIP rates recovering annual deficient electric revenues of approximately $65 million. The provisional rate was effective June 1, 2025. In March 2026, PSE&G filed its annual electric CIP petition seeking BPU approval to return to customers excess revenues of approximately $26 million based on the 12-month period ending May 31, 2026 with new rates proposed to be effective June 1, 2026. This matter is pending. • Gas System Modernization Program II Extension (GSMP II Ext)—In February 2026, PSE&G filed a GSMP II Ext cost recovery petition seeking BPU approval to recover in gas rates an annual revenue increase of $4 million effective September 1, 2026 representing the return of and on investment in GSMP II Ext gas investments to be placed in service through May 31, 2026. This matter is pending. In March 2026, the BPU approved PSE&G’s updated GSMP II Ext cost recovery petition to recover $23 million annually in gas base rates effective April 1, 2026. The approved gas revenue increase represents the return of and on actual GSMP II Ext investments placed in service through October 31, 2025. • Infrastructure Advancement Program (IAP)—In January 2026, PSE&G filed an updated IAP cost recovery petition seeking BPU approval to recover in electric and gas base rates annual revenue increases of $10 million and $4 million, respectively. These increases represent the return of and on IAP investments in service through December 31, 2025. This matter is pending. •
ZEC Program— In January 2026, the BPU directed PSE&G to eliminate its ZEC tariff rate, effective February 1, 2026 and for PSE&G to apply the overcollected ZEC revenue balance into the Universal Service Fund component of PSE&G’s SBC clause. |