PSE&G announces settlement agreement with NJ Board of Public Utilities

In a regulatory filing on Monday, PSE&G announced that it reached a settlement agreement with the staff of the New Jersey Board of Public Utilities, the New Jersey Division of Rate Counsel and other parties to conclude PSE&G’s electric and gas distribution base rate case filed in December 2023. This settlement, if approved by the BPU at an upcoming meeting, provides for a $505M increase in annual revenues, based on an unchanged 9.6% ROE and an increased 55% equity ratio.