Public Service Enterprise Group (PEG) investor relations material

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 East Region for 2025.

• 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 assets 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.

• Non-GAAP FFO/Debt projected in the mid-teens through 2030.

Regulatory and policy alignment

• Settled key regulatory filings in 2024 and 2025, including GSMP III and Clean Energy Future - Energy Efficiency II.

• Active engagement with New Jersey policymakers to support reliability, resource adequacy, and affordability.

• No increase in electric base rates for 2026; gas commodity rate freeze for 2025-2026 heating season.

• PSE&G supports proactive grid upgrades and statewide integrated resource planning.