Public Service Enterprise Group prices $500M of 4.800% senior notes due 2031

Filed June 2, 2026 · ~1 min read

Key Changes

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  PSEG is issuing $500 million of 4.800% senior unsecured notes maturing June 15, 2031, with interest payable semi-annually. The notes rank equally with approximately $6.0 billion of existing senior unsecured debt as of March 31, 2026.

  The Offering verify on EDGAR →
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  The company may redeem the notes at a make-whole price (Treasury Rate plus 10 basis points or par, whichever is greater) before May 15, 2031, and at par thereafter. If a Tax Credit Event occurs, the company may redeem all notes at 101% of principal.

  The Offering verify on EDGAR →
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  A Tax Credit Event is triggered if the company determines there is material risk that issuing debt to 'specified foreign entities' (governments or entities tied to China, Iran, North Korea, Russia, certain Chinese companies, or OFAC-sanctioned parties) would jeopardize its ability to claim federal tax credits under Section 38 of the Code.

  Risk Factors verify on EDGAR →