PEG 10-K Annual Report Dec. 31, 2024 | Alphaminr
PUBLIC SERVICE ENTERPRISE GROUP INC

PEG 10-K Fiscal year ended Dec. 31, 2024

PUBLIC SERVICE ENTERPRISE GROUP INC
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TABLE OF CONTENTS
Part IprintItem 1. BusinessprintItem 1A. Risk FactorsprintItem 1A. RisprintItem 1B. Unresolved Staff CommentsprintItem 1B. UnresolvprintItem 1C. CybersecurityprintItem 1C. CybprintItem 2. PropertiesprintItem 2. PrprintItem 3. Legal ProceedingsprintItem 3. LegalprintItem 4. Mine Safety DisclosuresprintItem 4. Mine SprintPart IIprintItem 5. Market For Registrant S Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesprintItem 5. Market For Registrant S Common Equity, Related Stockholder Matters and IssuprintItem 6. [reserved]printItem 6. [reprintItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of Operations (md&a)printItem 7. Management S DIprintItem 7A. Quantitative and Qualitative Disclosures About Market RiskprintItem 7A. Quantitative and QprintItem 8. Financial Statements and Supplementary DataprintItem 8. Financial StatemeprintNote 1. Organization, Basis Of Presentation and Summary Of Significant Accounting PoliciesprintNote 1. Organization, Basis Of PprintNote 2. RevenuesprintNote 3. Asset Dispositions and ImpairmentsprintNote 3. Asset DispositprintNote 4. Variable Interest Entity (vie)printNote 4. VariableprintNote 5. Property, Plant and Equipment and Jointly-owned FacilitiesprintNote 5. Property, Plant and EquipmprintNote 6. Regulatory Assets and LiabilitiesprintNote 6. RegulatorprintNote 7. LeasesprintNote 8. Long-term InvestmentsprintNote 8. Long-tprintNote 9. Financing ReceivablesprintNote 9. FinancprintNote 10. Trust InvestmentsprintNote 10. TrusprintNote 11. Asset Retirement Obligations (aros)printNote 11. Asset RetirprintNote 12. Pension, Other Postretirement Benefits (opeb) and Savings PlansprintNote 12. Pension, Other PostretirprintNote 13. Commitments and Contingent LiabilitiesprintNote 13. CommitmentsprintNote 14. Debt and Credit FacilitiesprintNote 14. DebtprintNote 15. Schedule Of Consolidated Capital StockprintNote 15. Schedule Of CprintNote 16. Financial Risk Management ActivitiesprintNote 16. Financial Risk MprintNote 17. Fair Value MeasurementsprintNote 17. Fair VprintNote 18. Stock Based CompensationprintNote 18. Stock BasprintNote 19. Net Other Income (deductions)printNote 19. Net Other IncprintNote 20. Income TaxesprintNote 20. IncprintNote 21. Accumulated Other Comprehensive Income (loss), Net Of TaxprintNote 21. Accumulated Other ComprehenprintNote 22. Earnings Per Share (eps) and DividendsprintNote 22. Earnings Per Share (printNote 23. Financial Information By Business SegmentprintNote 23. Financial InforprintNote 24. Related-party TransactionsprintNote 24. Related-pprintItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureprintItem 9. Changes in and Disagreements with Accountants on Accounting and FinancialprintItem 9A. Controls and ProceduresprintItem 9A. ControlprintItem 9B. Other InformationprintItem 9B. Other inprintItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsprintItem 9C. Disclosure RegardprintPart IIIprintItem 10. Directors, Executive Officers and Corporate GovernanceprintItem 10. Directors, ExecutiveprintItem 11. Executive CompensationprintItem 11. ExecutiveprintItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersprintItem 12. Security OwnershipprintItem 13. Certain Relationships and Related Transactions, and Director IndependenceprintItem 13. Certain Relationships AnprintItem 14. Principal Accountant Fees and ServicesprintItem 14. Principal AccountaprintPart IVprintItem 15. Exhibits, Financial Statement SchedulesprintItem 15. Exhibits, Financiprint

Exhibits

3d By-Laws of Public Service Enterprise Group Incorporated effective February 14, 2023(4) 4c Description of Common Stock(7) 10a(1) Supplemental Executive Retirement Income Plan, amended effective July 1, 2019(8) 10a(2) Retirement Income Reinstatement Plan for Non-Represented Employees, Amended effective July 1, 2019(9) 10a(3) 2007 Equity Compensation Plan for Outside Directors, amended and restated effective November 19, 2019(10) 10a(4) Deferred Compensation Plan for Directors, amended effective January 1, 2019(11) 10a(5) Key Executive Severance Plan of Public Service Enterprise Group Incorporated, amended effective November 18, 2024(12) 10a(8) 2004 Long-Term Incentive Plan, amended and restated as of April 16, 2013(15) 10a(9) Form of Agreement for Advancement of Expenses with Outside Directors(16) 10a(10) Agreement with Tamara L. Linde dated September 16, 2024(17) 10a(11) Agreement with Daniel J. Cregg dated September 22, 2015 10a(12) Clawback Practice, effective February 20, 2018(18) 10a(13) Agreement with Ralph A. LaRossa dated April 18, 2022(19) 10a(14) 2021 Long-Term Incentive Plan, effective April 20, 2021(20) 10a(15) 2021 Equity Compensation Plan for Outside Directors, effective April 20, 2021(21) 10a(16) Agreement with Kim C. Hanemann dated May 21, 2021(22) 10a(17) RetentionAward for Daniel J. Cregg dated April 17, 2023(23) 10a(18) 2021 Equity Compensation Plan for Outside Directors - Restricted Stock Unit Award Agreement(24) 10a(19) Deferred Compensation Plan for Certain Employees, amended and restated effective November 18, 2024(25) 10a(20) Management Incentive Compensation Plan, amended and effective January 1, 2024(26) 10a(21) Equity Deferral Plan, amended and restated effective November 20, 2023(27) 10a(22) 2021 Long-Term Incentive Plan - Performance Share Units Award Agreement 10a(23) 2021 Long-Term Incentive Plan - Restricted Stock Unit Award Agreement 10a(24) Agreement with Charles V. McFeaters dated April 18, 2023(28) 10a(25) Agreement with Grace Park dated September 16, 2024(29) 19 Insider Trading Policies and Procedures 21 Subsidiaries of the Registrant 23 Consent of Independent Registered Public Accounting Firm 31 Certification by Ralph A. LaRossa, pursuant to Rules 13a-14 and 15d-14 of the Securities Exchange Act of 1934 (1934 Act) 31a Certification by Daniel J. Cregg, pursuant to Rules 13a-14 and 15d-14 of the 1934 Act 32 Certification by Ralph A. LaRossa, pursuant to Section 1350 of Chapter 63 of Title 18 of the U.S. Code 32a Certification by Daniel J. Cregg, pursuant to Section 1350 of Chapter 63 of Title 18 of the U.S. Code 97 Clawback Practice for Recovery of Erroneously Awarded Compensation to Executive Officers(30) 4a(6) April 1, 2007(42) 4a(7) November 1, 2009(43) 4a(8) May 1, 2012(44) 4a(9) May 1, 2013(45) 4a(10) August 1, 2014(46) 4a(11) May 1, 2015(47) 4a(12) September 1, 2016(48) 4a(13) April 1, 2018(49) 4a(14) December 1, 2019(50) 4a(15) March 1, 2022(51) 4a(16) February 1, 2024(52) 4b Description of the First and Refunding Mortgage Bonds(53) 10a(1) Supplemental Executive Retirement Income Plan, amended effective July 1, 2019(8) 10a(2) Retirement Income Reinstatement Plan for Non-Represented Employees, Amended effective July 1, 2019(9) 10a(3) 2007 Equity Compensation Plan for Outside Directors, amended and restated effective November 19, 2019(10) 10a(4) Deferred Compensation Plan for Directors, amended effective January 1, 2019(11) 10a(5) Key Executive Severance Plan of Public Service Enterprise Group Incorporated, amended effective November 18, 2024(12) 10a(8) 2004 Long-Term Incentive Plan amended and restated as of April 16, 2013(15) 10a(9) Form of Agreement for Advancement of Expenses with Outside Directors(56) 10a(10) Agreement with Tamara L. Linde dated September 16, 2024(17) 10a(11) Agreement with Daniel J. Cregg dated September 22, 2015 10a(12) Clawback Practice, effective February 20, 2018(18) 10a(13) Agreement with Ralph A. LaRossa dated April 18, 2022(19) 10a(14) 2021 Long-Term Incentive Plan, effective April 20, 2021(20) 10a(15) 2021 Equity Compensation Plan for Outside Directors, effective April 20, 2021(21) 10a(16) Agreement with Kim C. Hanemann dated May 21, 2021(22) 10a(17) RetentionAward for Daniel J. Cregg dated April 17, 2023(23) 10a(18) 2021Equity Compensation Plan for Outside Directors - Restricted Stock Unit Award Agreement(24) 10a(19) Deferred Compensation Plan for Certain Employees, amended and restated effective November 18, 2024(25) 10a(20) Management Incentive Compensation Plan, amended and effective January 1, 2024(26) 10a(21) Equity Deferral Plan, amended and restated effective November 20, 2023(27) 10a(22) 2021 Long-Term Incentive Plan - Performance Share Units Award Agreement 10a(23) 2021 Long-Term Incentive Plan - Restricted Stock Unit Award Agreement 10a(24) Agreement with Grace Park dated September 16, 2024(29) 19 Insider Trading Policies and Procedures 23a Consent of Independent Registered Public Accounting Firm 31b Certification by Ralph A. LaRossa, pursuant to Rules 13a-14 and 15d-14 of the 1934 Act 31c Certification by Daniel J. Cregg, pursuant to Rules 13a-14 and 15d-14 of the 1934 Act 32b Certification by Ralph A. LaRossa, pursuant to Section 1350 of Chapter 63 of Title 18 of the U.S. Code 32c Certification by Daniel J. Cregg, pursuant to Section 1350 of Chapter 63 of Title 18 of the U.S. Code 97 Clawback Practice for Recovery of Erroneously Awarded Compensation to Executive Officers(30)