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 quarter 2025 Form 10-Q.

Director and Officer Rule 10b5-1 and non-Rule 10b5-1 Trading Plans

During the three months ended June 30, 2025, none of PSEG's officers or directors adopted, terminated or modified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act of 1933).

Federal Regulation

Regulation of Wholesale Sales—Generation/Market Issues/Market Power

December 31, 2024 Form 10-K page 12. In October 2024, FERC issued a Final Rule that eliminated compensation for reactive power in circumstances when the generator is operating within the normal power factor range specified in its interconnection agreement. FERC denied rehearing of this order in June 2025 and in August 2025 accepted a PJM filing that establishes a June 1, 2026 date for elimination of reactive power compensation. In August 2025, PSEG sought judicial review of FERC’s decision. The loss of reactive power compensation is not expected to have a material impact on PSEG's results of operations.

Capacity Market Issues

December 31, 2024 Form 10-K page 12 and March 31, 2025 Form 10-Q page 65. Following FERC’s July 2023 issuance of a Final Rule requiring RTOs to implement rules to speed up the processing of interconnection queue requests, PJM submitted proposed revisions to the PJM Tariff to provide for a reliability based expansion of the interconnection queue window. FERC accepted this proposal in February 2025, which allows PJM to accelerate the interconnection of new, "shovel-ready" generation capacity resources. In March 2025, PSEG Nuclear submitted its application to PJM for its Salem uprate project to be included in PJM’s accelerated interconnection cycle and, in May 2025, PJM announced that it had selected 51 projects, including PSEG Nuclear’s Salem uprate project.

Table of Contents

State Regulation

Energy Efficiency, Triennial Review

December 31, 2024 Form 10-K page 14. In May 2024, the BPU approved an approximate $300 million extension of our CEF-EE program covering a commitment period from July 2024 through December 2024. In October 2024, the BPU approved our CEF-EE II filing authorizing a total spend of approximately $2.9 billion for energy efficiency projects committed between January 1, 2025 through June 30, 2027, The BPU commenced stakeholder proceedings in July 2025 to begin the third Triennial Review which will develop a framework and requirements for the third cycle of the CEF-EE program, anticipated to be filed during 2026 for a program to begin in July 2027.

Grid Modernization

December 31, 2024 Form 10-K page 15. In June 2022, following a stakeholder proceeding, the BPU Staff issued a report containing findings and recommendations to update the BPU’s interconnection regulations and processes. In furtherance of the recommendations, in June 2024, the BPU amended its interconnection rules to speed up the interconnection of renewable resources to the distribution grid. Separately, in July 2024, the BPU Staff convened a working group to develop recommendations for integrated distribution planning for distributed energy resources. In July 2025, the BPU adopted various regulations intended to streamline the process for utility interconnection applications and ensure compliance with a recently enacted law mandating that EDCs in New Jersey improve the interconnection process for certain grid supply solar and energy storage facilities. Certain additional related regulations remain pending. We cannot predict the impact on our business or results of operations from this Grid Modernization plan or any laws, rules or regulations promulgated or enacted as a result thereof, particularly as they may relate to PSE&G’s electric distribution assets.