Exhibit 99

 

LOGO      

Public Service Enterprise Group

80 Park Plaza

Newark, NJ 07102

PSEG ANNOUNCES THIRD QUARTER 2026 RESULTS

$0.76 PER SHARE NET INCOME

$1.15 PER SHARE NON-GAAP OPERATING EARNINGS 

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

(NEWARK, N.J. – November 2, 2026) Public Service Enterprise Group (NYSE: PEG) reported the following results for the third quarter and nine months ended September 30, 2026:

PSEG Consolidated (unaudited)

Third Quarter Comparative Results

 

     Income      Earnings Per Share  

($ millions, except per share amounts)

    2026      2025      2026      2025  

Net Income

    $ 376      $ 622      $ 0.76      $ 1.24  

Reconciling Items

      198        (57 )       0.39        (0.11 ) 

Non-GAAP Operating Earnings

    $ 574      $ 565      $ 1.15      $ 1.13  

Average Shares Outstanding (Diluted)

            499        501  

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)

Nine Months Ended September 30, Comparative Results

 

     Income      Earnings Per Share  

($ millions, except per share amounts)

    2026      2025      2026      2025  

Net Income

    $ 1,451      $ 1,796      $ 2.91      $ 3.59  

Reconciling Items

      326        (129 )       0.65        (0.26 ) 

Non-GAAP Operating Earnings

    $ 1,777      $ 1,667      $ 3.56      $ 3.33  

Average Shares Outstanding (Diluted)

            499        501  

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 continues to achieve solid operational and financial results, enabling us to deliver reliable utility service and generate the carbon free, base-load generation our customers expect. Our financial results for the third quarter and year-to-date period align with our expectations for the full-year, and we are reaffirming PSEG’s 2026 guidance for non-GAAP Operating Earnings in the range of $4.28 to $4.40 per share,” said Ralph LaRossa, chair, president and CEO of PSEG.

“We faced severe weather throughout the third quarter which highlighted PSEG’s best-in-class storm response, our commitment to service excellence and the customer value of our investments in energy infrastructure and resilience. PSE&G successfully managed some of the most challenging storm restorations in our history this past July and again in September, when a nor’easter brought severe wind gusts and heavy rain to our service area. Our utility crews safely restored service to nearly all affected customers in New Jersey within a 24-hour period.”

“At PSEG Nuclear, we supplied the regional grid with 8.2 TWh of reliable, carbon-free baseload energy during the third quarter, operating at a capacity factor of 95.5%. Salem unit #1 recently entered its fall refueling following a 491-day breaker to breaker run – matching Salem unit #2’s back-to-back, breaker to breaker run posted earlier this year. PSEG Power continues to generate stable cash flows that help fund our regulated investments while pursuing high-value, regional growth opportunities.”

LaRossa added, “We continue to execute our long-term strategy to grow PSEG’s non-GAAP Operating Earnings by a compound annual rate of 6% to 8% through 2030 while prioritizing customer affordability and maintaining a solid financial position. Our financial strength enables us to fund our five-year capital investment plan totaling $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.”

PSEG Results by Segment (unaudited)

Third Quarter and Nine Months Ended September 30, Comparative Results

 

($ millions)    3Q 2026      3Q 2025      YTD 2026      YTD 2025  

PSE&G Net Income/Non-GAAP Operating Earnings

    $ 506      $ 515      $ 1,425      $ 1,393  

PSEG Power & Other Net Income/(Loss)

      (130 )       107        26        403  

Total PSEG Net Income

    $ 376      $ 622      $ 1,451      $ 1,796  

PSEG Power & Other Non-GAAP Operating Earnings

    $ 68      $ 50      $ 352      $ 274  

Total PSEG Non-GAAP Operating Earnings

    $ 574      $ 565      $ 1,777      $ 1,667  

PSE&G’s results for the quarter were driven by ongoing investments in Energy Efficiency and Transmission, and the continued gradual increase in the number of electric and gas customers. These results were more than offset by higher depreciation and interest costs related to incremental investments not reflected in current rates, and the timing of taxes.

PSEG Power & Other results for the quarter reflect lower operating and maintenance costs from the absence of the Hope Creek refueling outage in last year’s third quarter, as well as higher realized prices and an increase in nuclear generation, partly offset by higher taxes. PSEG Power & Other’s Net Loss for the quarter also reflects the impact of losses

 

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associated with Mark-to-Market accounting and the Nuclear Decommissioning Trust, which are excluded from non-GAAP Operating Earnings.

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PSEG will host a conference call to review its third 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 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/(Loss). 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

 

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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.

 

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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.

 

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Attachment 1

Public Service Enterprise Group Incorporated

Consolidating Statements of Operations

(Unaudited, $ millions, except per share data)

 

     Three Months Ended September 30, 2026  
     PSEG     Eliminations     PSE&G     PSEG Power
& Other(a)		  

OPERATING REVENUES

    $ 3,020     $ (38 )    $ 2,526     $ 532  

OPERATING EXPENSES

         

Energy Costs

      1,125       (38 )      966       197  

Operation and Maintenance

      948       —        573       375  

Depreciation and Amortization

      325       —        291       34  
  

 

 

    

 

 

    

 

 

    

 

 

  

Total Operating Expenses

      2,398       (38 )      1,830       606  

OPERATING INCOME

      622       —        696       (74 ) 

Net Gains (Losses) on Trust Investments

      (28 )      —        —        (28 ) 

Net Other Income (Deductions)

      44       —        23       21  

Net Non-Operating Pension and Other Postretirement Benefit (OPEB) Credits (Costs)

      21       —        19       2  

Interest Expense

      (280 )      —        (183 )      (97 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

INCOME (LOSS) BEFORE INCOME TAXES

      379       —        555       (176 ) 

Income Tax (Expense) Benefit

      (3 )      —        (49 )      46  
  

 

 

    

 

 

    

 

 

    

 

 

  

NET INCOME (LOSS)

    $ 376     $ —      $ 506     $ (130 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Reconciling Items Excluded from Net Income (Loss)(b)

      198       —        —        198  
  

 

 

    

 

 

    

 

 

    

 

 

  

OPERATING EARNINGS (non-GAAP)

    $ 574     $ —      $ 506     $ 68  
  

 

 

    

 

 

    

 

 

    

 

 

  

Earnings Per Share

         

NET INCOME

    $ 0.76        
  

 

 

        

Reconciling Items Excluded from Net Income (Loss)(b)

      0.39        
  

 

 

        

OPERATING EARNINGS (non-GAAP)

    $ 1.15        
  

 

 

        
     Three Months Ended September 30, 2025  
     PSEG     Eliminations     PSE&G     PSEG Power
& Other(a)		  

OPERATING REVENUES

    $ 3,226     $ (58 )    $ 2,535     $ 749  

OPERATING EXPENSES

         

Energy Costs

      1,133       (58 )      1,013       178  

Operation and Maintenance

      927       —        543       384  

Depreciation and Amortization

      311       —        277       34  
  

 

 

    

 

 

    

 

 

    

 

 

  

Total Operating Expenses

      2,371       (58 )      1,833       596  

OPERATING INCOME

      855       —        702       153  

Net Gains (Losses) on Trust Investments

      62       —        —        62  

Net Other Income (Deductions)

      39       (1 )      16       24  

Net Non-Operating Pension and OPEB Credits (Costs)

      17       —        17       —   

Interest Expense

      (253 )      1       (162 )      (92 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

INCOME BEFORE INCOME TAXES

      720       —        573       147  

Income Tax Expense

      (98 )      —        (58 )      (40 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

NET INCOME

    $ 622     $ —      $ 515     $ 107  
  

 

 

    

 

 

    

 

 

    

 

 

  

Reconciling Items Excluded from Net Income(b)

      (57 )      —        —        (57 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

OPERATING EARNINGS (non-GAAP)

    $ 565     $ —      $ 515     $ 50  
  

 

 

    

 

 

    

 

 

    

 

 

  

Earnings Per Share

         

NET INCOME

    $ 1.24        
  

 

 

        

Reconciling Items Excluded from Net Income(b)

      (0.11 )       
  

 

 

        

OPERATING EARNINGS (non-GAAP)

    $ 1.13        
  

 

 

        

 

(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)

 

     Nine Months Ended September 30, 2026  
     PSEG     Eliminations     PSE&G     PSEG Power
& Other(a)		  

OPERATING REVENUES

    $ 9,422     $ (808 )    $ 7,748     $ 2,482  

OPERATING EXPENSES

         

Energy Costs

      3,498       (808 )      3,100       1,206  

Operation and Maintenance

      2,791       —        1,755       1,036  

Depreciation and Amortization

      975       —        872       103  
  

 

 

    

 

 

    

 

 

    

 

 

  

Total Operating Expenses

      7,264       (808 )      5,727       2,345  

OPERATING INCOME

      2,158       —        2,021       137  

Net Gains (Losses) on Trust Investments

      99       —        —        99  

Net Other Income (Deductions)

      128       —        59       69  

Net Non-Operating Pension and OPEB Credits (Costs)

      61       —        56       5  

Interest Expense

      (821 )      —        (532 )      (289 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

INCOME BEFORE INCOME TAXES

      1,625       —        1,604       21  

Income Tax (Expense) Benefit

      (174 )      —        (179 )      5  
  

 

 

    

 

 

    

 

 

    

 

 

  

NET INCOME

    $ 1,451     $ —      $ 1,425     $ 26  
  

 

 

    

 

 

    

 

 

    

 

 

  

Reconciling Items Excluded from Net Income(b)

      326       —        —        326  
  

 

 

    

 

 

    

 

 

    

 

 

  

OPERATING EARNINGS (non-GAAP)

    $ 1,777     $ —      $ 1,425     $ 352  
  

 

 

    

 

 

    

 

 

    

 

 

  

Earnings Per Share

         

NET INCOME

    $ 2.91        
  

 

 

        

Reconciling Items Excluded from Net Income(b)

      0.65        
  

 

 

        

OPERATING EARNINGS (non-GAAP)

    $ 3.56        
  

 

 

        
     Nine Months Ended September 30, 2025  
     PSEG     Eliminations     PSE&G     PSEG Power
& Other(a)		  

OPERATING REVENUES

    $ 9,253     $ (738 )    $ 7,230     $ 2,761  

OPERATING EXPENSES

         

Energy Costs

      3,145       (738 )      2,867       1,016  

Operation and Maintenance

      2,700       —        1,623       1,077  

Depreciation and Amortization

      939       —        832       107  
  

 

 

    

 

 

    

 

 

    

 

 

  

Total Operating Expenses

      6,784       (738 )      5,322       2,200  

OPERATING INCOME

      2,469       —        1,908       561  

Net Gains (Losses) on Trust Investments

      165       —        —        165  

Net Other Income (Deductions)

      122       (3 )      48       77  

Net Non-Operating Pension and OPEB Credits (Costs)

      49       —        52       (3 ) 

Interest Expense

      (742 )      3       (480 )      (265 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

INCOME BEFORE INCOME TAXES

      2,063       —        1,528       535  

Income Tax Expense

      (267 )      —        (135 )      (132 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

NET INCOME

    $ 1,796     $ —      $ 1,393     $ 403  
  

 

 

    

 

 

    

 

 

    

 

 

  

Reconciling Items Excluded from Net Income(b)

      (129 )      —        —        (129 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

OPERATING EARNINGS (non-GAAP)

    $ 1,667     $ —      $ 1,393     $ 274  
  

 

 

    

 

 

    

 

 

    

 

 

  

Earnings Per Share

         

NET INCOME

    $ 3.59        
  

 

 

        

Reconciling Items Excluded from Net Income(b)

      (0.26 )       
  

 

 

        

OPERATING EARNINGS (non-GAAP)

    $ 3.33        
  

 

 

        

 

(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)

 

     September 30,
2026		     December 31,
2025		  

DEBT

     

Commercial Paper and Loans

    $ 1,075     $ 1,529  

Long-Term Debt*

      24,559       22,545  
  

 

 

    

 

 

  

Total Debt

      25,634       24,074  

STOCKHOLDERS’ EQUITY

     

Common Stock

      5,045       5,062  

Treasury Stock

      (1,468 )      (1,435 ) 

Retained Earnings

      13,895       13,446  

Accumulated Other Comprehensive Loss

      (110 )      (91 ) 
  

 

 

    

 

 

  

Total Stockholders’ Equity

      17,362       16,982  
  

 

 

    

 

 

  

Total Capitalization

    $ 42,996     $ 41,056  
  

 

 

    

 

 

  

 

*

Includes current portion of Long-Term Debt

Attachment 4

Public Service Enterprise Group Incorporated

Condensed Consolidated Statements of Cash Flows

(Unaudited, $ millions)

 

     Nine Months Ended September 30,  
        2026           2025     

Cash Flows From Operating Activities

     

Net Income

    $ 1,451     $ 1,796  

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

      1,086       781  
  

 

 

    

 

 

  

Net Cash Provided By (Used In) Operating Activities

      2,537       2,577  
  

 

 

    

 

 

  

Net Cash Provided By (Used In) Investing Activities

      (2,282 )      (2,060 ) 
  

 

 

    

 

 

  

Net Cash Provided By (Used In) Financing Activities

      450       (311 ) 
  

 

 

    

 

 

  

Net Change in Cash, Cash Equivalents and Restricted Cash

      705       206  

Cash, Cash Equivalents and Restricted Cash at Beginning of Period

      156       154  
  

 

 

    

 

 

  

Cash, Cash Equivalents and Restricted Cash at End of Period

    $ 861     $ 360  
  

 

 

    

 

 

  

Attachment 5

Public Service Electric & Gas Company

Retail Sales

(Unaudited)

September 30, 2026

Electric Sales

 

     Three Months      Change vs.     Nine Months      Change vs.  

Sales (millions kWh)

    Ended      2025     Ended      2025  

Residential

      4,623        2 %      11,355        4 % 

Commercial & Industrial

      7,203        0 %      20,303        1 % 

Other

      72        (14 %)      240        (2 %) 
  

 

 

       

 

 

     

Total

      11,898        1 %      31,898        2 % 
  

 

 

       

 

 

     

Gas Sold and Transported

 

    Three Months     Change vs.     Nine Months     Change vs.  

Sales (millions therms)

   Ended     2025     Ended     2025  

Firm Sales

        

Residential Sales

     89       0 %      1,069       4 % 

Commercial & Industrial

     105       (1 %)      779       2 % 
 

 

 

      

 

 

    

Total Firm Sales

     194       (1 %)      1,848       3 % 
 

 

 

      

 

 

    

Non-Firm Sales*

        

Commercial & Industrial

     233       11 %      584       (15 %) 
 

 

 

      

 

 

    

Total Non-Firm Sales

     233         584    
 

 

 

      

 

 

    

Total Sales

     427       6 %      2,432       (2 %) 
 

 

 

      

 

 

    

 

*

Contract Service Gas rate included in non-firm sales

Weather Data*

 

     Three Months      Change vs.     Nine Months      Change vs.  
     Ended      2025     Ended      2025  

THI Hours - Actual

      12,697        2 %      18,295        4 % 

THI Hours - Normal

      13,060          17,327     

Degree Days - Actual

      27        0 %      3,045        11 % 

Degree Days - Normal

      20          2,939     

 

*

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      GWh Breakdown  
     Three Months Ended      Nine Months Ended  
     September 30,      September 30,  
       2026          2025          2026          2025    

Nuclear - NJ

      5,407        5,189        15,451        15,323  

Nuclear - PA

      2,765        2,714        8,497        8,446  
  

 

 

     

 

 

     

 

 

     

 

 

  
     8,172        7,903        23,948        23,769  
  

 

 

     

 

 

     

 

 

     

 

 

  

   Attachment 7

Public Service Enterprise Group Incorporated

Statistical Measures

(Unaudited)

 

     Three Months Ended September 30,      Nine Months Ended September 30,  
     2026      2025      2026     2025  

Weighted Average Common Shares Outstanding (millions)

           

Basic

      498        499        498       499  

Diluted

      499        501        499       501  

Stock Price at End of Period

          $ 67.34     $ 83.46  

Dividends Paid per Share of Common Stock

    $ 0.67      $ 0.63      $ 2.01     $ 1.89  

Dividend Yield

            4.0 %      3.0 % 

Book Value per Common Share

          $ 34.85     $ 34.10  

Market Price as a Percent of Book Value

            193 %      245 % 

   Attachment 8

Public Service Enterprise Group Incorporated

Consolidated Operating Earnings (non-GAAP) Reconciliation

 

Reconciling Items    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
     2026     2025     2026     2025  
     ($ millions, Unaudited)  

Net Income

    $ 376     $ 622     $ 1,451     $ 1,796  

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

      21       (70 )      (126 )      (190 ) 

(Gain) Loss on Mark-to-Market (MTM), pre-tax(a)

      251       (20 )      550       (22 ) 

Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)

      (74 )      33       (98 )      83  
  

 

 

    

 

 

    

 

 

    

 

 

  

Operating Earnings (non-GAAP)

    $ 574     $ 565     $ 1,777     $ 1,667  
  

 

 

    

 

 

    

 

 

    

 

 

  

PSEG Fully Diluted Average Shares Outstanding (in millions)

      499       501       499       501  
     ($ Per Share Impact -
Diluted, Unaudited)		  

Net Income

    $ 0.76     $ 1.24     $ 2.91     $ 3.59  

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

      0.04       (0.13 )      (0.25 )      (0.38 ) 

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

      0.50       (0.04 )      1.10       (0.04 ) 

Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)

      (0.15 )      0.06       (0.20 )      0.16  
  

 

 

    

 

 

    

 

 

    

 

 

  

Operating Earnings (non-GAAP)

    $ 1.15     $ 1.13     $ 3.56     $ 3.33  
  

 

 

    

 

 

    

 

 

    

 

 

  

 

(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
September 30,		      Nine Months Ended
September 30,		  
     2026      2025      2026      2025  
     ($ millions, Unaudited)  

Net Income (Loss)

    $ (130 )     $ 107      $ 26      $ 403  

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

      21        (70 )       (126 )       (190 ) 

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

      251        (20 )       550        (22 ) 

Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)

      (74 )       33        (98 )       83  
  

 

 

     

 

 

     

 

 

     

 

 

  

Operating Earnings (non-GAAP)

    $ 68      $ 50      $ 352      $ 274  
  

 

 

     

 

 

     

 

 

     

 

 

  

PSEG Fully Diluted Average Shares Outstanding (in millions)

      499        501        499        501  

 

(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.