Public Service Enterprise Group Incorporated

NYSE-PEG

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	622	585	589	286	520	434
Net Income
Depreciation & Amortization	364	356	373	354	346	327
Depreciation and Amortization
Amortization of Nuclear Fuel
Other Adjustments	-101	-181	138	-102	53	-84
Losses on Asset Dispositions and Impairments
Loss on Extinguishment of Debt
Provision for Deferred Income Taxes and ITC
Non-Cash Employee Benefit Plan Costs
Leveraged Lease Income, Adjusted for Rents Received and Deferred Taxes
Leveraged Lease Losses, Adjusted for Rents Received and Deferred Taxes
Net Loss on Lease Investments
Net Realized and Unrealized Gains on Energy Contracts and Other Derivatives
Net Gains and Income from NDT Fund
Changes in Income Taxes Payable	88	-109	109	-251	-131	-16
Tax Receivable
Accrued Taxes
Changes in Other Operating Activities	77	-173	-160	274	-162	-179
Emission Allowances and Renewable Energy Credit Compliance Accrual
Change in Accrued Storm Costs
Cost of Removal
Energy Efficiency Programs Regulatory Expenditures
Amortization of Energy Efficiency Programs Regulatory Expenditures
Net Change in Other Regulatory Assets and Liabilities
Margin Deposit
Prepayments
Cash Collateral
Obligation to Return Cash Collateral
Other Current Assets and Liabilities
Employee Benefit Plan Funding and Related Payments
Other
Cash from Operating Activities	1,050	478	1,049	367	623	482
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-728	-787	-628	-978	-768	-837
Additions to Property, Plant and Equipment
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—
Proceeds from Sales of Long-Lived Assets and Lease Investments
Purchases of Investments	-305	-346	-410	-269	-453	-461
Purchases of Trust Investments
Contributions to Equity Method Investments
Proceeds from Sale of Investments	342	337	394	281	442	445
Proceeds from Sale of Capital Leases and Investments
Proceeds from Sales of Trust Investments
Proceeds from Sales of Equity Method Investments
Other Investing Activities	19	26	26	23	28	26
Purchase of Emissions Allowances and RECs
Other
Cash from Investing Activities	-672	-770	-618	-943	-751	-827
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	—	—	—	400	200	—
Proceeds from Short-Term Loans
Repayments of Short-Term Debt	179	250	-1,193	646	-332	355
Net Change in Commercial Paper and Loans
Payment of Short-Term Loans
Repayment of Short-Term Loans
Net Issuance / (Repayments) of Short-Term Debt	179	250	-1,193	1,046	-132	355
Issuance of Long-Term Debt	450	1,250	1,900	550	1,100	1,125
Issuance of Long-Term Debt
Repayments of Long-Term Debt	-550	-1,600	—	-250	-250	-750
Repayment of Long-Term Debt
Redemption of Securitization Debt
Net Issuance / (Repayments) of Long-Term Debt	-100	-350	1,900	300	850	375
Repurchases of Common Shares	—	—	—	—	—	—
Payments for Share Repurchase Program
Net Issuance / (Repurchases) of Common Shares	—	—	—	—	—	—
Common Share Dividends Paid	-314	-315	-314	-299	-299	-299
Cash Dividends Paid on Common Stock
Other Financing Activities	2	-8	-48	5	-8	-40
Premium Paid on Early Extinguishment of Debt
Other
Cash from Financing Activities	-233	-423	345	502	211	-734
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	322	-309	421	-611	-145	-355
NOPAT	738.6	658.3	797	445	596.3	578
Levered Free Cash Flow	502	-228	990	1,031	523	459
Unlevered Free Cash Flow	539.6	-54.7	491	-156	-118.7	-127
Net Change in Cash	145	-715	776	-74	83	-1,079