Public Service Enterprise Group (PSEG) Completes $1 Billion Senior Notes Offering
Newark, NJ – March 10, 2025 – Public Service Enterprise Group Incorporated (NYSE: PEG) has successfully completed a public offering of $1 billion in senior notes, consisting of:

$600 million aggregate principal amount of 4.900% Senior Notes due 2030
$400 million aggregate principal amount of 5.400% Senior Notes due 2035
The offering was conducted under PSEG’s registration statement on Form S-3 (File No. 333-275509), which was previously filed with the U.S. Securities and Exchange Commission (SEC). The notes were issued under an Indenture dated November 1, 1998, between PSEG and U.S. Bank Trust Company, National Association, as successor trustee.

The underwriters for the transaction included:

Barclays Capital Inc.
Citigroup Global Markets Inc.
Goldman Sachs & Co. LLC
RBC Capital Markets, LLC
The offering was governed by an Underwriting Agreement, dated March 6, 2025, which outlined the terms of sale to the underwriters for resale to the public. The Underwriting Agreement and other key documents, including the Indenture and forms of the 2030 and 2035 Notes, have been filed as exhibits to PSEG’s Form 8-K submission.

Additionally, PSEG has filed as Exhibit 5 an opinion from John C. Walmsley, Associate Counsel of PSEG Services Corporation, confirming the legality of the Notes.

For more details, investors can review the full Prospectus Supplement dated March 6, 2025, and related filings incorporated into the SEC Registration Statement.