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PSEG lifts operating earnings despite sharp GAAP profit fall and holds 2026 guidance

PSEG increased third-quarter non-GAAP operating earnings and reaffirmed its full-year outlook, even as GAAP net income fell sharply on market-related effects. The New Jersey utility is also advancing a US$24 billion to US$28 billion five-year investment programme without planned new equity issuance.
Maxwell Dee
3 Nov 2026