Q - PUBLIC SERVICE ENTERPRISE GROUP
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
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Capital Requirements
We expect that all of our capital requirements over the next three years will come from a combination of internally generated funds and external debt financing. There were no material changes to our projected capital expenditures as compared to amounts disclosed in our 2024 Form 10-K.
PSE&G
During the six months ended June 30, 2025, PSE&G made capital expenditures of $1,279 million, primarily for T&D system reliability. In addition, PSE&G had cost of removal, net of salvage, of $72 million associated with capital replacements, and expenditures for EE programs of $318 million, which are included in operating cash flows.
During the six months ended June 30, 2025, PSEG Power & Other made capital expenditures of $87 million, excluding $80 million for nuclear fuel, primarily related to various nuclear projects at PSEG Power and various information technology projects at Services.
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