v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Investment, Fair Value and NAV [Line Items]  
Schedule of Master Trust's Investments Measured at Fair Value on Recurring Basis

The following tables present information about the Master Trust’s investments measured at fair value on a recurring basis as of December 31, 2025 and 2024, including the fair value measurements and the levels of inputs used in determining those fair values.

 

 

Assets at Fair Value Measurements as of December 31, 2025

 

Description

 

Total

 

 

Quoted Market
Prices for
Identical
Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3) (A)

 

 

(Thousands)

 

Mutual Funds

 

$

72,250

 

 

$

72,250

 

 

$

—

 

 

$

—

 

Collective Investment Trusts

 

 

755,688

 

 

 

755,688

 

 

 

—

 

 

 

—

 

Commingled Bonds

 

 

13,732

 

 

 

13,732

 

 

 

—

 

 

 

—

 

Common Stock of PSEG*

 

 

12,977

 

 

 

12,977

 

 

 

—

 

 

 

—

 

Total Investment in Master Trust at Fair Value

 

$

854,647

 

 

$

854,647

 

 

$

—

 

 

$

—

 

 

 

Assets at Fair Value Measurements as of December 31, 2024

 

Description

 

Total

 

 

Quoted Market
Prices for
Identical
Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3) (A)

 

 

(Thousands)

 

Mutual Funds

 

$

114,616

 

 

$

114,616

 

 

$

—

 

 

$

—

 

Collective Investment Trusts

 

 

586,491

 

 

 

586,491

 

 

 

—

 

 

 

—

 

Commingled Bonds

 

 

12,349

 

 

 

12,349

 

 

 

—

 

 

 

—

 

Common Stock of PSEG*

 

 

13,270

 

 

 

13,270

 

 

 

—

 

 

 

—

 

Total Investment in Master Trust at Fair Value

 

$

726,726

 

 

$

726,726

 

 

$

—

 

 

$

—

 

 

(A) The Plan's policy is to recognize transfers of investments into or out of Level 3 as of the date of the event or change in circumstances that caused the transfer. For the year ended December 31, 2025, there were no transfers of investments into or out of Level 3. There are no Plan assets requiring the use of Level 3 inputs for the periods presented.