Public Service : Fixed Income Fact Sheet Q4 2024
PEG
Fixed Income Fact Sheet Q4 2024
NYSE: PEG
Public Service Enterprise Group
PSEG is a publicly traded diversified energy company, predominantly consisting of a regulated electric and gas utility and nuclear generation
2025 to 2029 period without the need to issue equity or sell assets.
PSEG Consolidated Assets
$54.64B
PSEG Parent Long-Term Debt Outstanding
$4.86B*
Senior Unsecured Rating
Baa2 / BBB **
Power LLC
Regulated Electric & Gas
Wholesale
Transmission and Distribution
Energy
Assets
$46.36B
Long-Term Debt Outstanding
$1.25B*
Issuer Rating
Baa2 / BBB **
Long-Term Debt Outstanding
$15.00B*
Senior Secured Rating
A1 / A **
All Balance Sheet data is as of December 31, 2024.
*Long-Term Debt outstanding includes Long-Term Debt due within one year and is adjusted for net unamortized discount and debt issuance costs; subsidiary debt may not add to consolidated debt due to rounding. As of December 31, 2024, PSEG had entered into floating-to-fixed interest rate swaps totaling $1.25B to reduce the volatility in interest expense for the variable rate debt on the $1.25B term loan at PSEG Power. In December 2024, PSEG Power amended its existing $1.25 billion variable rate 3-year term loan agreement to extend from March 2025 through June 2025.
**A credit rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time. Each credit rating should be evaluated independently of any other credit rating.
Note: Total long-term debt outstanding amounts may not add to PSEG Consolidated total long-term debt outstanding due to rounding. Amounts are rounded up to two decimal places.
Fixed Income Fact Sheet Q4 2024
NYSE: PEG
PSEG - Long-Term Debt Maturity Profile as of December 31, 2024
Principal Maturing ($ Millions)
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
2025
2026
2027
2028
2029
2030-2035 2036-2054
PSE&G
PSEG Power
PSEG
Regulated Capital Investment Plan 2025E - 2029E
($ Billions)
Includes AFUDC. CEF-EC/AMI is included in Electric Distribution.
Note: The Maryland Piedmont Reliability Project that was awarded to PSEG by PJM in December 2023 will be managed and owned outside of PSE&G but is included here given FERC regulated rate base formula rate recovery.
The low end of the range includes extensions of GSMP and CEF-EE. The hashed portion of the chart represents incremental PSE&G investment that may occur for programs related to gas and electric modernization, energy efficiency, energy storage, electric vehicles, load growth and solar.
E=Estimate; ESG=Environmental, Social & Governance; AFUDC=Allowance for Funds Used During Construction; CEF-EC/AMI=Clean Energy Future-Energy Cloud/Advanced Metering Infrastructure; FERC=Federal Energy Regulatory Commission; GSMP=Gas System Modernization Program; CEF-EE=Clean Energy Future-Energy Efficiency
Public Service Enterprise Group (PSEG)
80 Park Plaza, Newark, NJ 07102
Investor Relations: [email protected] https://investor.pseg.com
This document contains forward-looking information. Actual results may differ from those anticipated. Information describing the significant factors that could cause results to differ from those anticipated are described in Public Service Enterprise Group's filings with the SEC, which are available on our website https://investor.pseg.com. Unless otherwise noted, information provided is as of February 25, 2025. Any forward-looking statements included herein represent our estimates as of this date and we disclaim any obligation to update the information provided.
Disclaimer
PSEG - Public Service Enterprise Group Inc. published this content on March 24, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 24, 2025 at 21:04:31.355.