Forward Looking Statements

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Certain of the matters discussed in this website about our and our subsidiaries’ future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences and all other statements that are not purely historical constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward- looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management’s beliefs as well as assumptions made by and information currently available to management. When used herein, the words “anticipate,” “intend,” “estimate,” “believe,” “expect,” “plan,” “should,” “hypothetical,” “potential,” “forecast,” “project,” variations of such words and similar expressions are intended to identify forward-looking statements. Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. Other factors that could cause actual results to differ materially from those contemplated in any forward- looking statements made by us herein are discussed in filings we make with the United States Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K. These factors include, but are not limited to:

  • any inability to successfully develop, obtain regulatory approval for, or construct transmission and distribution, and solar and wind generation projects;
  • the physical, financial and transition risks related to climate change, including risks relating to potentially increased legislative and regulatory burdens, changing customer preferences and lawsuits;
  • any equipment failures, accidents, critical operating technology or business system failures, severe weather events, acts of war, terrorism, sabotage, cyberattack or other incidents that may impact our ability to provide safe and reliable service to our customers;
  • any inability to recover the carrying amount of our long-lived assets;
  • disruptions or cost increases in our supply chain, including labor shortages;
  • any inability to maintain sufficient liquidity or access sufficient capital on commercially reasonable terms;
  • the impact of cybersecurity attacks or intrusions or other disruptions to our information technology, operational or other systems;
  • the impact of the ongoing coronavirus pandemic;
  • failure to attract and retain a qualified workforce;
  • inflation, including increases in the costs of equipment, materials, fuel and labor;
  • the impact of our covenants in our debt instruments on our business;
  • adverse performance of our nuclear decommissioning and defined benefit plan trust fund investments and changes in funding requirements and pension costs;
  • the failure to complete, or delays in completing, the Ocean Wind 1 offshore wind project and the failure to realize the anticipated strategic and financial benefits of this project;
  • fluctuations in wholesale power and natural gas markets, including the potential impacts on the economic viability of our generation units;
  • our ability to obtain adequate nuclear fuel supply;
  • market risks impacting the operation of our nuclear generating stations;
  • changes in technology related to energy generation, distribution and consumption and changes in customer usage patterns;
  • third-party credit risk relating to our sale of nuclear generation output and purchase of nuclear fuel;
  • any inability to meet our commitments under forward sale obligations;
  • reliance on transmission facilities to maintain adequate transmission capacity for our nuclear generation fleet;
  • the impact of changes in state and federal legislation and regulations on our business, including PSE&G’s ability to recover costs and earn returns on authorized investments;
  • PSE&G’s proposed investment programs may not be fully approved by regulators and its capital investment may be lower than planned;
  • our ability to advocate for and our receipt of appropriate regulatory guidance to ensure long-term support for our nuclear fleet;
  • adverse changes in and non-compliance with energy industry laws, policies, regulations and standards, including market structures and transmission planning and transmission returns;
  • risks associated with our ownership and operation of nuclear facilities, including increased nuclear fuel storage costs, regulatory risks, such as compliance with the Atomic Energy Act and trade control, environmental and other regulations, as well as financial, environmental and health and safety risks;
  • changes in federal and state environmental laws and regulations and enforcement;
  • delays in receipt of, or an inability to receive, necessary licenses and permits; and
  • changes in tax laws and regulations.

All of the forward-looking statements made on this website are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this website apply only as of the date of this website. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.

The forward-looking statements contained in this website are intended to qualify for the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

From time to time, PSEG and PSE&G release important information via postings on their corporate Investor Relations website at https://investor.pseg.com. Investors and other interested parties are encouraged to visit the Investor Relations website to review new postings. You can sign up for automatic email alerts regarding new postings at the bottom of the webpage at https://investor.pseg.com or by navigating to the Email Alerts webpage at

https://investor.pseg.com/resources/email-alerts/default.aspx.