PSE&G FERC Ruling to Return $100M to Customers; Earns 2026 Utility Leadership Honors
FERC rejected a proposed settlement, ordering PJM to recalculate transmission cost allocations back to 2015, yielding an estimated $100 million refund for PSE&G customers for 2020–2022. PSEG was named JUST Capital’s 2026 Industry Leader for Utilities and ranked among Newsweek’s top ten Most Responsible and Most Charitable Companies.
1. FERC Order Rejecting Settlement Spurs $100M Refund
PSE&G successfully argued that a proposed PJM settlement would unfairly shift transmission costs onto its customers, leading FERC to reject the settlement and direct a full recalculation of cost assignments back to 2015. The utility estimates approximately $100 million in refunds for the 2020–2022 period alone, with additional savings to be determined as recalculations extend further back.
2. Corporate Citizenship Recognitions Boost Reputation
PSEG was named JUST Capital’s 2026 Industry Leader for Utilities and placed among Newsweek’s top ten Most Responsible Companies and Most Charitable Companies for 2026, reflecting its commitments to reliability, customer satisfaction and community impact. These distinctions follow 24 consecutive ReliabilityOne® Awards and four straight years as J.D. Power’s top residential electric service in the East.