PUBLIC SERVICE ENTERPRISE GROUP INC
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
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Jun 30, 2024 · Filed Jul 30, 2024
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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 2023 Form 10-K.
PSE&G
During the six months ended June 30, 2024, PSE&G made capital expenditures of $1,485 million, primarily for T&D system reliability and advanced electric metering. In addition, PSE&G had cost of removal, net of salvage, of $91 million associated with capital replacements, and expenditures for EE programs of $237 million, which are included in operating cash flows.
During the six months ended June 30, 2024, PSEG Power & Other made capital expenditures of $129 million, excluding $20 million for nuclear fuel, primarily related to various nuclear projects at PSEG Power and various information technology projects at Services.
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