Strong Financial Performance
PSEG reported net income of $1.24 per share for Q3 2025 compared to $1.04 per share in Q3 2024, and non-GAAP operating earnings were $1.13 per share in 2025 compared to $0.90 per share in 2024.
Capital Investment and Infrastructure Modernization
PSEG invested approximately $1 billion during the third quarter and $2.7 billion over the first 9 months of 2025 as part of a planned $3.8 billion regulated capital spending program focused on modernizing New Jersey's energy infrastructure.
Nuclear Operations and Fuel Cycle Extension
PSEG Nuclear supplied the grid with 7.9 terawatt hours of carbon-free energy in the quarter. The Hope Creek unit completed a 499-day run and extended its fuel cycle from 18 to 24 months, enhancing future megawatt production.
Five-Year Contract Extension
The Long Island Power Authority approved a 5-year contract extension for PSEG to continue as the operations service provider, extending through 2030.