Item 1A. RISK FACTORS

The discussion of our business and operations in this Quarterly Report on Form 10-Q should be read together with the risk factors contained in Part I, Item 1A of our Form 10-K which describes various risks and uncertainties that could have a material adverse impact on our business, prospects, financial position, results of operations or cash flows and could cause results to differ materially from those expressed elsewhere in this report. We expect that the risks and uncertainties described in this Form 10-Q and our Form 10-K will be further adversely impacted by the coronavirus pandemic and any related, sustained economic downturn which could extend beyond the duration of the pandemic.

**ITEM 2.**UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

From time to time, PSEG may repurchase shares to satisfy obligations under equity compensation awards and repurchase shares to satisfy purchases by employees under the Employee Stock Purchase Plan (ESPP).

In December 2022, we entered into a share repurchase plan that complies with Rule 10b5-1 of the Exchange Act, as amended,

solely with respect to the repurchase of shares to satisfy obligations under equity compensation awards that are expected to be

issued in 2023 and the repurchase of shares to satisfy purchases by employees under the ESPP during 2023. The following table indicates our common share repurchases in the open market during the first quarter of 2023. There are no remaining shares available for repurchase under the plan.

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