PSEG Named to Dow Jones Best in Class North America Index for the 18th Year, Reflecting Our Care for the Communities We Serve

Rhea-AI Summary

PSEG (NYSE: PEG) was named to the Dow Jones Best-in-Class North America Index for the 18th consecutive year, recognizing its environmental performance, sustainability, and community and workforce support.

PSEG highlights energy efficiency savings of nearly $960 million per year, a 95% reduction in Scope 1 and 2 GHG emissions since 2005, 2025 charitable giving of $12.8 million, and $2.4 billion in New Jersey economic spending.

News Market Reaction – PEG

+1.21%

+1.21% Session close to close

In the May 12 session, PEG gained 1.21%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement underscores PEG’s long-standing focus on sustainability, customer savings and comm...

Analysis

This announcement underscores PEG’s long-standing focus on sustainability, customer savings and community support, highlighted by 18 years on the Dow Jones Best-in-Class North America Index and about $960 million in annual bill savings from efficiency programs. In context with recent strong earnings and steady dividends, it reinforces a narrative of operational and ESG stability. Investors may watch future environmental targets, regulatory outcomes and capital plans to assess how this sustainability profile translates into long-term fundamentals.

Key Figures

Electric customers: 2.4 million Gas customers: 1.9 million Index inclusion streak: 18 years +5 more

8 metrics

Electric customers 2.4 million Electric customers served in New Jersey

Gas customers 1.9 million Natural gas customers served in New Jersey

Index inclusion streak 18 years Consecutive years on Dow Jones Best-in-Class North America Index

Customer bill savings $960 million per year Annual savings from energy efficiency programs

Carbon-free generation share Over 80% Share of New Jersey carbon-free generation from PSEG nuclear plants

State energy share 40% Portion of New Jersey’s total energy from PSEG nuclear plants

GHG emissions cut 95% Reduction in Scope 1 and 2 operational GHG emissions from 2005 baseline

Charitable giving 2025 $12.8 million Donations to local causes in 2025

Historical Context

5 past events · Latest: May 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 05	Q1 2026 earnings	Positive	-0.9%	Reported higher 1Q 2026 net income and reaffirmed full-year earnings guidance.
Apr 30	Efficiency programs update	Positive	+2.6%	Detailed energy efficiency programs delivering major bill savings and emissions reductions.
Apr 21	Dividend declaration	Positive	-2.7%	Declared regular quarterly dividend of $0.67 per share for 2Q 2026.
Apr 17	Workforce recognition	Positive	-0.6%	Recognized lineworkers supporting power reliability for 1.2 million customers.
Apr 13	Earnings call notice	Neutral	+1.0%	Announced schedule and topics for upcoming 1Q 2026 earnings release and call.

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

Pattern Detected

Recent news, including strong 1Q 2026 results and customer-focused efficiency initiatives, has produced mixed short-term price reactions, with both gains and declines following generally constructive updates.

Recent Company History

Over the past month, PEG has reported several milestones. On May 5, 2026, it posted strong 1Q 2026 earnings and reaffirmed guidance. Late April news highlighted energy efficiency programs delivering roughly $960 million in annual customer bill savings, while an April dividend declaration set a regular $0.67 payout for 2Q 2026. Today’s Dow Jones Best-in-Class Index recognition fits a pattern of emphasizing sustainability, customer benefits, and steady utility fundamentals.

Key Terms

dow jones best-in-class north america index, scope 1 and 2, greenhouse gas (ghg) emissions, biodiversity, +2 more

6 terms

dow jones best-in-class north america index financial

"has once again been named to the Dow Jones Best-in-Class North America Index"

A market index that tracks North American companies selected for being the top performers in their industries on environmental, social and governance (ESG) criteria while maintaining balanced industry representation. It matters to investors because it serves as a benchmark or basis for funds and ETFs that want access to regional stocks that prioritize sustainability and lower certain governance or reputational risks—like choosing an all‑star team that values both skill and responsible behavior.

scope 1 and 2 technical

"achieved a 95 percent reduction in Scope 1 and 2 operational GHG emissions"

Scope 1 and 2 are categories of greenhouse gas emissions used to measure a company’s carbon footprint: Scope 1 covers direct emissions from sources the company owns or controls (like fuel burned in company vehicles or boilers), while Scope 2 covers indirect emissions from purchased energy (primarily electricity and heat). Investors watch these measures because they reveal operational exposure to future regulations, energy costs and reputational risks, and they serve as a baseline for a company’s progress toward climate goals—think of Scope 1 as a household’s gas stove use and Scope 2 as the electricity on your utility bill.

greenhouse gas (ghg) emissions medical

"reduced operational greenhouse gas (GHG) emissions."

Greenhouse gas (GHG) emissions are gases released into the atmosphere—most commonly carbon dioxide, methane and nitrous oxide—that trap heat and raise global temperatures, like a blanket warming the planet. Investors watch GHG emissions because they influence regulatory costs, physical climate risks, insurance and supply-chain stability, and public reputation; companies with lower emissions may face fewer future expenses and attract more capital, while higher emissions can lead to fines, disruption or divestment.

biodiversity technical

"A vegetation management program that incorporates biodiversity initiatives"

Biodiversity is the variety of living things — different species, genetic traits and natural habitats — that make ecosystems function. For investors it matters because healthy biodiversity supports predictable resources and services (like pollination, clean water and resilient supply chains); loss or damage can create regulatory, operational and reputational risks, and undermine long‑term returns. Think of it like diversity in a garden or a portfolio: more variety usually means greater stability and fewer single‑point failures.

ferc regulatory

"recently FERC delivered good news agreeing with PSE&G"

The Federal Energy Regulatory Commission (FERC) is a U.S. government agency that oversees interstate electricity, natural gas and oil pipeline transmission and related market rules. Think of it as a referee and traffic controller for the energy grid and wholesale markets; its approvals, fines or rule changes can affect how much companies can charge, how projects are built and how profitable energy and utility firms are, making it important for investors watching regulatory risk and revenue drivers.

pjm transmission owners technical

"a settlement signed by all PJM Transmission Owners except PSE&G"

PJM Transmission Owners are the utilities and companies that own and maintain the high-voltage power lines and related equipment inside the PJM regional electricity grid. Think of them as the landlords of the main roads electricity travels on; their decisions about upgrades, maintenance and rate requests affect reliability, project costs and the regulated income streams that investors rely on, so changes in their spending or approved rates can materially impact shareholder returns.

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

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NEWARK, N.J., May 12, 2026 /PRNewswire/ -- Public Service Enterprise Group (PSEG), a predominantly regulated energy infrastructure company serving approximately 2.4 million electric and 1.9 million natural gas customers in New Jersey, has once again been named to the Dow Jones Best-in-Class North America Index (formerly Dow Jones Sustainability Index) for the 18th consecutive year.

This recognition highlights how PSEG cares for the people and communities we serve, and how our business strategy and operations guide that care.

The Dow Jones Best-in-Class North America Index from S&P Global recognizes companies for their long-term environmental performance, sustainability practices and community and workforce support.

"Being recognized on the Dow Jones Index again this year reinforces PSEG's longstanding commitment to sustainable practices in its operations," said Rick Thigpen, senior vice president for corporate citizenship.  "By respecting the environment, caring for our communities and developing our workforce we are taking steps to help create a stronger and more resilient future for everyone. This recognition continues to highlight that our value creation mission which starts with operational excellence and financial discipline continues to be enhanced by practices that further stakeholder alignment and community engagement."

PSEG's focus on sustainable operations

PSEG continues to focus on sustainability, including energy efficiency and biodiversity. Recent examples of sustainability-related work include:

• Expanding energy efficiency programs that help customers save energy and save nearly $960 million per year
• Continuing to operate PSEG's nuclear plants in South Jersey, which provide over 80% of New Jersey's carbon-free generation and 40% of New Jersey's total energy
• Continuing work that has reduced operational greenhouse gas (GHG) emissions. PSEG previously achieved a 95 percent reduction in Scope 1 and 2 operational GHG emissions from the 2005 baseline through strategic initiatives such as retiring older fossil generation, divesting remaining fossil assets, modernizing the gas system, upgrading equipment and improving efficiency across facilities
• A vegetation management program that incorporates biodiversity initiatives such as pollinator habitat protection and tree plantings

How PSEG takes care of communities

PSEG aims to deliver safe, reliable energy and be thoughtful about how we show up for New Jersey. PSEG's work to support the communities we serve includes: 

• Launching a Community Relief Initiative together with the PSEG Foundation that distributed grants to over 25 local organizations that provide critical assistance including energy assistance, housing relief and food assistance to households facing economic hardship
  
  
• Donating approximately $12.8 million to local charitable causes in 2025 through the PSEG Foundation and corporate giving initiatives aligned with our Corporate Social Responsibility priorities
  
  
• Contributing approximately $2.4 billion in spending to New Jersey's economy in 2025.

And we fight for our customers: recently FERC delivered good news agreeing with PSE&G that a settlement signed by all PJM Transmission Owners except PSE&G would unfairly shift transmission costs on to New Jersey customers. We work hard to keep costs as low as possible and this includes advocating for policies that make sense for the people of New Jersey.

How PSEG supports and develops our workforce

PSEG also continues to support our approximately 13,000-person workforce. We aim to build a sustainable pipeline of career-ready talent in skilled trades and critical roles, strengthening community relationships and supporting future business needs. This work includes:

• Efforts to advance workplace safety and create a safety-first mindset that allows all our employees to go home from work the same way or better than they arrived
• Ongoing support of career development, reskilling and building connections that attract, develop and retain a workforce that can meet the demands of the future
• Continuing our technical school program where we host PSEG days at technical schools in our service territory and hire graduating seniors into full-time roles with offers made on the spot
• Continuing to sponsor the Clean Energy Jobs Program which has helped place more than 9,300 individuals into clean energy careers since its inception

Earning a place on the Best-in-Class Index for nearly two decades reflects the dedication of PSEG employees who lead with care every day. PSEG will continue investing in solutions that support customers, strengthen communities and help build a stronger energy future.

About PSEG

Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers.  PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Best in Class North America Index for 18 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).

CONTACT: Media Relations, DL-ENT-pseg.communications@pseg.com, 973-430-7734

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SOURCE PSEG

FAQ

What did PSEG (NYSE: PEG) announce on May 12, 2026 about the Dow Jones Best-in-Class Index?

PSEG announced its inclusion in the Dow Jones Best-in-Class North America Index for the 18th consecutive year. According to PSEG, this index recognizes long-term environmental performance, sustainability practices, and community and workforce support across leading North American companies.

Why was PSEG (PEG) selected for the Dow Jones Best-in-Class North America Index in 2026?

PSEG was selected for its environmental performance, sustainability programs, and support for communities and employees. According to PSEG, factors include extensive energy efficiency efforts, large-scale carbon-free nuclear generation, significant greenhouse gas emission reductions, and ongoing community investment and workforce development initiatives in New Jersey.

How much do PSEG’s energy efficiency programs save customers each year?

PSEG reports that its expanded energy efficiency programs help customers save nearly $960 million per year. According to PSEG, these programs focus on reducing energy use while supporting affordability, complementing broader sustainability efforts such as equipment upgrades and gas system modernization.

What progress has PSEG (PEG) made on greenhouse gas emissions reductions?

PSEG reports a 95% reduction in Scope 1 and 2 operational greenhouse gas emissions from a 2005 baseline. According to PSEG, this was achieved through retiring and divesting fossil assets, modernizing gas infrastructure, upgrading equipment, and improving efficiency across its facilities and operations.

How does PSEG support New Jersey communities and the state economy?

PSEG supports communities through grants, charitable giving, and local spending. According to PSEG, it donated about $12.8 million to local causes in 2025 and contributed approximately $2.4 billion in spending to New Jersey’s economy, alongside targeted relief initiatives.

What workforce development initiatives does PSEG highlight in its May 12, 2026 update?

PSEG highlights safety efforts, career development, and talent pipelines in skilled trades and critical roles. According to PSEG, initiatives include technical school hiring events and sponsoring the Clean Energy Jobs Program, which has helped place more than 9,300 individuals into clean energy careers.

How significant is PSEG’s nuclear generation for New Jersey’s energy mix?

PSEG’s nuclear plants in South Jersey provide over 80% of New Jersey’s carbon-free electricity and 40% of its total energy. According to PSEG, this nuclear fleet is a key contributor to the state’s low-carbon energy supply and sustainability goals.