None of these achievements would be possible without our safety-first mindset. Our focus on safety allows us to be there when duty calls.

We are excited that 2026 brings a unique opportunity for our state to shine on the global stage. With the FIFA World Cup Final coming to East Rutherford this summer, we will be powering one of the most-watched live sporting events in the world. Our utility teams continually plan, prepare and execute to keep our system strong, and we are ready to show millions of visitors and viewers what reliability, preparedness and pride in service truly look like.

As we look ahead, we know that New Jersey’s growing supply and demand imbalance requires coordinated, forward-thinking action. We believe the state needs an integrated resource plan that puts reliability at the forefront, supports customers, protects our environment and positions New Jersey to meet its future energy needs. PSEG stands ready to lend our expertise and work collaboratively with policymakers to chart a path that gives New Jersey greater control over its energy future. Getting the regulatory framework right will be essential as we continue to invest and grow the business.

We are also optimizing how we work and controlling our costs, while modernizing our operations to strengthen

We are also optimizing how we work and controlling our costs, while modernizing our operations to strengthen reliability and create long-term value. By leveraging technology and rethinking processes we are building a smarter, more resilient system and future-ready workforce.

reliability and create long-term value. By leveraging technology and rethinking processes we are building a smarter, more resilient system and future-ready workforce.

PSEG has a strong foundation and a proven ability to deliver. 2025 marked our 21^st consecutive year of meeting or exceeding operating earnings guidance—a testament to our disciplined approach and financial stability.

I remain deeply proud of our employees, whose dedication to our customers and communities inspires my confidence in our future. And I want to thank you—our investors—for your partnership and trust as we build a more reliable, resilient and efficient energy future for New Jersey. Together, we are Jersey Ready.

Sincerely,

Ralph LaRossa

Chair of the Board, President and Chief Executive Officer
Public Service Enterprise Group Incorporated

February 26, 2026