PSEG Long Island Is Prepared for Summer 2026

PSEG (NYSE:PEG), through subsidiary PSEG Long Island, reports it is prepared for summer and hurricane season 2026, emphasizing grid reliability and storm readiness across Long Island and the Rockaways.

Rhea-AI Summary

PSEG (NYSE:PEG), through subsidiary PSEG Long Island, reports it is prepared for summer and hurricane season 2026, emphasizing grid reliability and storm readiness across Long Island and the Rockaways.

The company has storm hardened over 1,400 miles of circuits since 2014, achieved a 45% reduction in damage-related outages on hardened sections from Q1 2025–Q1 2026, and plans to have 10,000 automatic branch line reclosers installed by year-end, supported by FEMA funding.

Positive

• More than 1,400 miles of distribution circuits storm hardened since 2014
• Storm-hardened sections saw 45% less damage causing outages Q1 2025–Q1 2026
• Plan to reach 10,000 automatic branch line reclosers by end of 2026
• Use of FEMA funding to enhance reliability while aiming to maintain affordability

Negative

• None.

Argus Jun 9 session

+1.09% close to close Open Argus

Details

News Market Reaction – PEG

On Jun 9, the day this news came out, PEG closed 1.09% above the previous close.

Data tracked by StockTitan Argus for the Jun 9 session.

Market Context

This announcement details PSEG Long Island’s preparations for the 2026 hurricane and summer season, ...

Analysis

This announcement details PSEG Long Island’s preparations for the 2026 hurricane and summer season, including storm hardening of more than 1,400 miles of distribution circuits and deployment of 10,000 automatic branch line reclosers. It follows recent quarters of solid financial performance and continued infrastructure investment. Investors may watch how ongoing reliability upgrades, regulatory filings around new debt, and insider activity intersect with PEG’s position below its 200-day moving average and near its 52-week low.

Key Figures

Storm-hardened circuits: 1,400 miles Damage reduction: 45% New reclosers 2026: 8,500 units +5 more

Storm-hardened circuits

1,400 miles

Distribution circuits storm hardened since 2014

Damage reduction

45%

Reduction in damage leading to outages on hardened sections (1Q 2025–1Q 2026)

New reclosers 2026

8,500 units

Automatic branch line reclosers installed in 2026 using FEMA funding

Total reclosers

10,000 units

Automatic branch line reclosers targeted across the electrical system by year-end

Preparedness year

2026

PSEG Long Island hurricane and summer readiness focus

Storm hardening start

2014

Year PSEG Long Island began long-term storm-hardening program

Current price

$77.74

PEG share price prior to this news

52-week range

$76.05–$91.255

PEG 52-week low and high before this announcement

Historical Context

5 past events · Latest: Jun 05

5 events

1. Jun 05

   Customer bill proposal

   24h Move

   +1.8%

   Plan to lower residential gas heating bills by 5% in October 2026.

2. May 18

   Community grants

   24h Move

   +0.5%

   Neighborhood Partners grants totaling $1.2M for New Jersey and Long Island nonprofits.

3. May 12

   ESG index recognition

   24h Move

   +1.2%

   Named to Dow Jones Best-in-Class North America Index for 18th consecutive year.

4. May 05

   Earnings update

   24h Move

   -0.9%

   1Q 2026 results with $741M net income and reaffirmed non-GAAP EPS guidance.

5. Apr 30

   Efficiency programs

   24h Move

   +2.6%

   Report on efficiency programs delivering ~$960M in annual bill savings for customers.

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

Key Terms

substation, transmission and distribution system, distribution circuits, infrared technology, +2 more

6 terms

substation technical

"by focusing on substation, and transmission and distribution improvements"

A substation is a fenced facility on the electricity network where equipment changes the voltage, routes power, and protects the grid so electricity can move safely and reliably from generation to homes and businesses. Investors care because substations are critical pieces of infrastructure: they affect service reliability, grid capacity and upgrade costs, and can influence the value and operating risk of utilities, real estate near outages, and companies in the energy supply chain.

transmission and distribution system technical

"operates the Long Island Power Authority's transmission and distribution system under a long-term contract"

A transmission and distribution system is the network of high-capacity lines, substations, local wires and pipes that moves electricity (or gas) from generators to homes, businesses and industrial sites. Investors care because the system’s reliability, capacity and upkeep determine how consistently customers receive service, how much companies must spend to maintain or expand the network, and how regulators set prices—much like highways and local roads determine how smoothly goods reach stores.

distribution circuits technical

"storm hardened more than 1,400 miles of distribution circuits with stronger poles"

Distribution circuits are the local lines and equipment that carry electricity from substations to homes, businesses and street-level users—think of them as the neighborhood roads that deliver power rather than the high-speed highways that move bulk power long distances. Investors care because the condition and capacity of these circuits affect reliability, outage risk, maintenance and upgrade costs, and regulatory requirements, all of which influence a utility’s spending needs and revenue stability.

infrared technology technical

"performing circuit and equipment inspections using helicopters and infrared technology"

Infrared technology uses sensors to detect heat and invisible light just beyond the red end of the visible spectrum, turning temperature differences into images or data much like a night-vision camera shows what you can’t see with your eyes. It matters to investors because it powers products and services across industries — from medical imaging and manufacturing inspection to security and energy efficiency — so adoption, patents, or breakthroughs can influence sales, costs and competitive position.

automatic branch line reclosers technical

"utilized FEMA funding to install 8,500 "automatic branch line reclosers" on many"

Automatic branch line reclosers are devices on neighborhood power lines that detect a temporary fault, open the circuit to stop damage, then automatically close it again to restore electricity—think of a traffic gate that briefly stops cars to clear a blockage and then reopens. For investors, they matter because they cut outage time and repair costs, improve service reliability and regulatory performance, and can affect a utility’s operating expenses, capital spending and revenue stability.

storm hardened technical

"has storm hardened more than 1,400 miles of distribution circuits with stronger poles"

Storm hardened describes buildings, equipment or infrastructure that have been reinforced or upgraded to survive severe storms and extreme weather without major damage. For investors, storm hardening matters because it lowers the chance of costly outages, repairs and revenue loss after a storm—similar to reinforcing a house before a hurricane—and can reduce insurance costs and long‑term business risk.

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

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UNIONDALE, N.Y., June 9, 2026 /PRNewswire/ -- With summer arriving, PSEG Long Island is prepared for hurricane season and to meet peak electrical demand during extreme heat in the coming months. While PSEG Long Island cannot control the weather, and storms will cause outages, the company has incorporated numerous enhancements and upgrades to the electric grid, its systems and its storm processes, making it the most reliable overhead electric service provider in New York State.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/pseg-long-island/9398751-en-pseg-long-island-hurricane-and-summer-season-2026-preparation

"PSEG Long Island personnel evaluate the system, plan and make improvements all year round to ensure the grid is ready for summer's extreme weather conditions," said Michael Sullivan, vice president of Electric Operations at PSEG Long Island.

Click here to read the full text of the press release.

Electric Infrastructure Improvements
Across Long Island and the Rockaways, PSEG Long Island has prepared the electric infrastructure by focusing on substation, and transmission and distribution improvements, as well as by performing circuit and equipment inspections using helicopters and infrared technology.

Storm Hardening
Since 2014, PSEG Long Island has storm hardened more than 1,400 miles of distribution circuits with stronger poles, stronger wire and narrower crossarms that more easily deflect falling tree limbs.

From the first quarter of 2025 through the first quarter of 2026, the sections of circuits that are storm hardened have seen a 45% reduction in damage leading to outages compared to the rest of the distribution system.

To further improve reliability and maintain affordability this year, PSEG Long Island has utilized FEMA funding to install 8,500 "automatic branch line reclosers" on many of its distribution circuits, bringing the total count of automatic branch line reclosers up to 10,000 units across the electrical system by the end of the year.

To view an embeddable video about automatic reclosers, click here.

PSEG Long Island
PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract. PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a publicly traded diversified energy company.

Visit PSEG Long Island at:
psegliny.com
PSEG Long Island on Facebook
PSEG Long Island on Instagram
PSEG Long Island on X (formerly Twitter)
PSEG Long Island on LinkedIn
PSEG Long Island on YouTube
PSEG Long Island on Flickr

Contact: Media Relations Pager
516.229.7248
mediarelationsLI@psegliny.com

 

 

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View original content:https://www.prnewswire.com/news-releases/pseg-long-island-is-prepared-for-summer-2026-302794480.html

SOURCE PSEG Long Island

FAQ

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

How is PSEG (PEG) preparing PSEG Long Island for summer 2026 and hurricane season?

PSEG Long Island reports it is ready for summer 2026 and hurricane season through extensive grid upgrades and storm hardening. According to PSEG Long Island, efforts span substations, transmission, distribution, and enhanced storm processes across Long Island and the Rockaways.

What infrastructure improvements has PSEG Long Island made ahead of summer 2026 for PEG investors to know?

PSEG Long Island has focused on substation, transmission, and distribution improvements, plus circuit and equipment inspections. According to PSEG Long Island, it uses helicopters and infrared technology to evaluate assets and make upgrades that support reliability during extreme heat and storms.

How many miles of circuits has PSEG Long Island storm hardened as of 2026 for PEG?

PSEG Long Island reports storm hardening more than 1,400 miles of distribution circuits since 2014 using stronger poles, wires, and narrower crossarms. According to PSEG Long Island, these upgrades are designed to better deflect falling tree limbs and reduce storm-related damage.

What outage reduction has PSEG Long Island seen on storm-hardened circuits for PEG?

Storm-hardened circuit sections saw a 45% reduction in damage leading to outages from Q1 2025 through Q1 2026. According to PSEG Long Island, this comparison is against the rest of its distribution system, suggesting reliability benefits from hardening investments.

How many automatic branch line reclosers will PSEG Long Island have by year-end 2026?

PSEG Long Island plans to have about 10,000 automatic branch line reclosers installed on its distribution system by year-end. According to PSEG Long Island, 8,500 units are being added in 2026 using FEMA funding to improve reliability and help maintain affordability.

What is the relationship between PSEG Long Island and PSEG (NYSE:PEG)?

PSEG Long Island operates the Long Island Power Authority’s transmission and distribution system under a long-term contract. According to PSEG Long Island, it is a subsidiary of Public Service Enterprise Group, the publicly traded diversified energy company listed as PEG on the NYSE.