Public Service Enterprise Group (PEG) Investor presentation summary

Strategic vision and operational excellence

• Focus on sustainable energy, efficiency, and reliability, with best-in-class utility and nuclear performance in New Jersey and Long Island.

• PSE&G and PSEG Long Island achieved top customer satisfaction rankings in the J.D. Power 2025 studies.

• Over 90% of capital allocation through 2030 directed to regulated investments, emphasizing modernization and decarbonization.

• No new equity or asset sales required to fund the five-year capital plan through 2030.

• PTC provides long-term price protection for nuclear operations through 2032.

Financial outlook and growth

• Long-term non-GAAP Operating Earnings growth outlook of 6%-8% through 2030, with a higher 2026 baseline.

• Rate base CAGR of 6%-7.5% driven by expanded regulated capital investment, with a $24B-$28B capital plan for 2026-2030.

• Indicative annual dividend rate of $2.68 per share for 2026, marking the 15th consecutive annual increase.

• Solid balance sheet supports capital plan without new equity or asset sales, maintaining investment-grade credit ratings.

• Consistent and sustainable dividend growth, with a 119-year history of payments.

Regulatory and policy alignment

• Maintained stable base rates and implemented cost-saving measures for customers, including a 5% reduction in residential gas heating bills effective October 2026.

• GSMP III and Clean Energy Future - Energy Efficiency II settlements approved, supporting infrastructure and decarbonization.

• PSE&G's conservation incentive program and storm deferral mechanism support earnings stability and customer affordability.

• PSE&G adopted a FERC-approved transmission cost allocation change, expected to deliver $65M annual benefit starting in 2027.