Item 5. OTHER INFORMATION

Certain information is provided below for new matters that have arisen subsequent to the filing of the Form 10-K and the first and second quarter 2022 Form 10-Qs.

State Regulation

Energy Storage Activity

The Energy Storage portion of PSE&G’s CEF–EV/ES filing has been held in abeyance pending development by the BPU and interested stakeholders of a state-wide policy for energy storage. In September 2022, the BPU released a draft Storage Incentive Program (SIP) proposal and is currently undertaking a stakeholder process to receive comments. The straw proposal would provide incentives exclusively for private investment in energy storage with support from utilities to administer and fund the program, but defers consideration of utility deployment of storage assets for further proceedings. PSE&G is active in this proceeding.

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