Governance Overview

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At PSEG, we are committed to good corporate governance and ethical behavior, through the oversight of our Board of Directors, guided by our Corporate Governance Principles and the Standards of Conduct, our code of conduct. We have established a leadership structure to effectively manage our business, focusing on Operational Excellence, Financial Strength and Disciplined Investment. Our risk management program forms an integral part of our corporate culture, along with core values of safety, diversity and transparency.

Governance Structure

Our Corporate Governance Principles and the Charters of our Board Committees emphasize the independence and responsibilities of our Directors. These are outlined in detail in our proxy statement, together with the skills and qualification of each member of our Board.

Corporate Responsibility

PSEG’s vision is to power a future where people use less energy, and it’s cleaner, safer and delivered more reliably than ever.

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Public Service Enterprise Group Incorporated ("PSEG" or “Company”) takes an active role in the political process by communicating with government agencies and officials, participating in trade associations and other tax-exempt organizations, making political contributions and expenditures, and engaging in other activities to advance the interests of PSEG and its stakeholders.

Our goals are to contribute constructively to the formulation of public policy and to develop relationships of mutual trust with public officials, regulators, customers, community and NGO leaders, industry and business colleagues, shareholders and other important stakeholders.  Our political spending is guided by these goals as well as our vision of a future where people use less energy, and the energy they use is cleaner, safer, and delivered more reliably than ever.

In addition, PSEG’s political participation is carried out in a lawful and ethical manner that builds our community, reflects responsible corporate citizenship, and fulfills our duties to shareholders, regulators, and other stakeholders.  Expenditures are made without regard to the personal political views of its individual officers, directors, and agents.

Finally, we align our lobbying activities and trade association participation with our operational needs and with policies that will enable us to invest in the economy, environment and infrastructure to make the states where we operate better places to live and work.  We champion policies that help us fulfill our mission to provide an infrastructure to access safe, affordable, reliable and cleaner energy and to work toward a carbon-free economy. Our investments in electric transmission and distribution, gas system modernization to reduce methane leaks, energy efficiency, EV and EV charging infrastructure and numerous other efforts are covered in our Sustainability and Climate Reports and various other publicly available materials on our website.

For further details concerning PSEG’s expectations of all employees when: interacting with government officials, making political contributions or expenditures, hiring or promoting candidates with a connection to or referral from a political figure, and retaining certain entities who have relationships with or connections to political figures to provide goods or services to the Company please refer to our corporate Political Participation Practice

Additionally, we ask trade associations to provide links to their political spending reports, if available, which we will begin providing with our Jan 2024 report. 

Shareholder Engagement

We believe in transparent disclosure and constructive dialogue with our stockholders. We strive to be clear and informative in our Form 10-K, proxy statement and other communications. We welcome our investors' comments and suggestions.