PSE&G Supports Continued Customer and Community Benefits in Energy Efficiency Triennium 2.5

PSE&G (NYSE:PEG) seeks to extend New Jersey's energy efficiency programs through June 2028 in Triennium 2.5, aiming to continue customer and community benefits.

Rhea-AI Summary

PSE&G (NYSE:PEG) seeks to extend New Jersey's energy efficiency programs through June 2028 in Triennium 2.5, aiming to continue customer and community benefits. More than 480,000 customers participated to date, supporting >20,000 businesses and delivering > 32,000 upgrades and nearly $900 million in collective annual energy savings. The programs also report avoided carbon emissions equivalent to removing > 500,000 gasoline cars for one year and support local jobs via trade allies and union labor.

Positive

• Nearly $900M in collective annual energy savings
• 480,000 customers have participated to date
• 32,000+ energy efficiency upgrades delivered statewide
• Supports more than 20,000 businesses across New Jersey
• Program extension through June 2028 aims to preserve workforce continuity

Negative

• None.

Argus Apr 7 session

+0.69% close to close Open Argus

Details

News Market Reaction – PEG

On Apr 7, the day this news came out, PEG closed 0.69% above the previous close.

Data tracked by StockTitan Argus for the Apr 7 session.

Market Context

This announcement highlights continued momentum in PSE&G’s energy efficiency programs, with nearly $...

Analysis

This announcement highlights continued momentum in PSE&G’s energy efficiency programs, with nearly $900 million in annual customer savings, participation from over 480,000 customers and more than 32,000 upgrades for businesses. The environmental impact, equivalent to removing over 500,000 cars, aligns with PEG’s broader sustainability track record. Investors may watch how ongoing regulatory decisions, customer adoption and future capital plans interact with these initiatives over time.

Key Figures

Collective annual energy savings: nearly $900 million Customer participants: more than 480,000 customers Business participants: more than 20,000 businesses +5 more

Collective annual energy savings

nearly $900 million

Customer retail bill savings from energy efficiency programs to date

Customer participants

more than 480,000 customers

Customers taking part in PSE&G energy efficiency programs

Business participants

more than 20,000 businesses

Businesses supported by efficiency programs across New Jersey

Efficiency upgrades

more than 32,000 upgrades

Energy efficiency upgrades delivered to businesses statewide

Emissions equivalent

more than 500,000 cars

Carbon emissions avoided, equivalent to cars removed for one year

Reliability award streak

24 consecutive years

ReliabilityOne Award for superior electric reliability in Mid-Atlantic

J.D. Power ranking streak

4 consecutive years

Number one in residential electric customer satisfaction in the East

DJSI North America streak

17 consecutive years

Inclusion on Dow Jones Sustainability Index for North America

Historical Context

5 past events · Latest: Mar 31

5 events

1. Mar 31

   Community program

   24h Move

   -0.5%

   Earth Month initiative with 500 free trees and energy-saving benefits.

2. Mar 25

   Customer protection

   24h Move

   +1.1%

   Scam awareness reminder to protect customers from impostor fraud.

3. Mar 17

   Regulatory decision

   24h Move

   -0.6%

   FERC decision expected to generate substantial customer transmission refunds.

4. Mar 17

   ESG recognition

   24h Move

   -0.2%

   Multiple national awards for corporate citizenship and responsibility metrics.

5. Feb 26

   Earnings results

   24h Move

   -0.1%

   Strong 2025 earnings, raised dividend and expanded long-term capital plan.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

energy efficiency, carbon emissions

2 terms

energy efficiency technical

"PSE&G highlights opportunity to deliver continued progress and measurable value..."

Energy efficiency is using less energy to achieve the same level of service or output — like a car that goes farther on the same tank of fuel. For investors it matters because improving efficiency cuts operating costs, lowers exposure to energy price swings and regulations, can enhance asset value and profitability, and signals management focus on long-term resilience and competitiveness.

carbon emissions medical

"and the avoidance of carbon emissions, equivalent to removing more than 500,000..."

Carbon emissions are greenhouse gases, mainly carbon dioxide, that are released into the atmosphere when fossil fuels are burned or through industrial processes; think of them as the company equivalent of smoke from a chimney or the CO2 you exhale. Investors care because those emissions can lead to higher operating costs, fines, new rules, or damaged reputation, all of which can lower a company’s future profits and value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PSE&G highlights opportunity to deliver continued progress and measurable value to customers and communities including:

• Lower energy use, and collective savings of nearly $900 million annually to date
• Carbon emissions avoided, delivering environmental impact to communities across New Jersey
• Driving local jobs and economic activity through more than 32,000 energy efficiency upgrades delivered to businesses statewide by a network of trade allies, contractors and union labor

NEWARK, N.J., April 7, 2026 /PRNewswire/ -- PSE&G looks forward to continuing to work with the Board of Public Utilities (BPU) and stakeholders in the next phase of the New Jersey's second energy efficiency triennium (Triennium 2.5), which would extend current programs through June 2028.

More than 480,000 customers have participated in PSE&G's energy efficiency programs, taking steps to improve how they use and manage energy in their homes and businesses and manage utility costs. Energy efficiency programs deliver value beyond individual participation, providing benefits that extend to communities across New Jersey.

The programs have supported more than 20,000 businesses, from small businesses to municipalities, schools, and hospital systems, helping implement more than 32,000 energy efficiency upgrades that help manage energy use and costs over time and allow reinvestment of these savings into their operations and the communities they serve. Together, these efforts are delivering measurable results, including nearly $900 million in collective annual energy savings¹ and the avoidance of carbon emissions, equivalent to removing more than 500,000 gasoline-powered cars from the road for one year².

"As a hospital that has participated in some of the State's earliest energy efficiency programs and continues to participate today, we've seen firsthand the value these programs bring through our partnerships with our utility providers," said Kyle Tafuri, Vice President of Sustainability, Hackensack Meridian Health. "They help us manage energy use and costs, while allowing us to reinvest these savings in our operations, our facilities and the services we provide to the communities we serve. Without robust, utility-run programs, organizations like ours would face greater challenges in continuing to invest in the infrastructure our patients rely on."

In addition to supporting customers, these programs also play an important role in the state's economy. PSE&G works with thousands of local trade allies and contractors, including union-affiliated labor, engaged to implement energy-saving projects that support local jobs and economic activity. Collectively, these efforts help reduce overall energy use, manage demand, keep bills as low as possible and contribute to a safe and reliable energy system over time.

"Energy efficiency remains one of the most practical tools we have to help customers manage their energy use," said Lauren Thomas, vice-president, Clean Energy Solutions – Customer Solutions at PSE&G. "These programs help customers keep their energy costs as low as possible while delivering real value for communities across New Jersey, and we're focused on continuing that progress."

PSE&G will continue to work with the Board and the administration in this next phase of the program to maintain a stable and consistent energy efficiency program framework that supports sustained progress, workforce continuity, and continued investment, while supporting our shared goal of keeping customer energy bills as low as possible.

An executive summary related to Triennium 2.5 is available here.

PSE&G
Public Service Electric & Gas Co. is New Jersey's oldest and largest gas and electric delivery public utility, as well as one of the nation's largest utilities. PSE&G has won the ReliabilityOne® Award for superior electric system reliability in the Mid-Atlantic region for 24 consecutive years. In 2025, for the fourth consecutive year, J.D. Power named PSE&G number one in customer satisfaction for residential electric service in the East among large utilities. PSE&G is a subsidiary of Public Service Enterprise Group Inc., (PSEG) (NYSE:PEG), a predominantly regulated infrastructure company named to the Dow Jones Sustainability Index for North America for 17 consecutive years (www.pseg.com).

Visit PSEG at:
www.pseg.com
PSEG on Facebook
PSEG on Twitter
PSEG on LinkedIn

CONTACT:
Media Relations
Anide Eustache
862-370-5500
anide.eustache@pseg.com

¹ Retail bill savings are based on rate class averages for residential and small commercial customers.
² Vehicle equivalency is based on EPA conversion factors.

View original content to download multimedia:https://www.prnewswire.com/news-releases/pseg-supports-continued-customer-and-community-benefits-in-energy-efficiency-triennium-2-5--302736017.html

SOURCE Public Service Electric & Gas Company (PSE&G)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is PSE&G proposing in Triennium 2.5 for PEG customers?

PSE&G proposes to extend current energy efficiency programs through June 2028. According to the company, the extension aims to maintain program continuity, preserve jobs among trade allies and union labor, and continue delivering customer and community savings.

How many customers and businesses has PSE&G served through its energy efficiency programs?

PSE&G reports participation from more than 480,000 customers to date. According to the company, the programs have supported over 20,000 businesses and enabled more than 32,000 energy-saving upgrades statewide.

What are the reported savings and emissions impacts from PSE&G's programs?

The programs reportedly deliver nearly $900 million in collective annual energy savings. According to the company, avoided carbon emissions equal removing more than 500,000 gasoline-powered cars from the road for one year.

How will Triennium 2.5 affect local jobs and contractors working with PSE&G?

PSE&G says extending the programs supports thousands of local trade allies and union-affiliated contractors. According to the company, continued funding aims to sustain workforce continuity and ongoing economic activity from project implementation.

What benefits do participating institutions, like hospitals, report from PEG energy programs?

Participating institutions report lower energy costs and reinvestment of savings into operations and services. According to the company, hospitals and other organizations use program savings to support facilities, patient services, and infrastructure upgrades.