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Pay vs Performance Disclosure - USD ($) | 12 Months Ended
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Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Pay vs Performance Disclosure |  |  |  |  |
Pay vs Performance Disclosure, Table | PAY VERSUS PERFORMANCE In accordance with Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between compensation of our CEO or Principal Executive Officer (PEO) and NEOs and certain financial performance measures of PSEG for the fiscal years ended on December 31, 2024, December 31, 2023, December 31, 2022, December 31, 2021 and December 31, 2020. For further information on PSEG’s pay-for-performance philosophy and how executive compensation aligns with the Company’s performance, refer to the Compensation Discussion and Analysis section of this Proxy Statement.
Year |  | Summary Compensation Table Total for PEO #1 (1&2) ($) |  |  | Compensation Actually Paid to PEO #1 (1&3) ($) |  |  | Summary Compensation Table Total for PEO #2 (1&2) ($) |  |  | Compensation Actually Paid to PEO #2 (1&3) ($) |  |  | Average Summary Compensation Table Total for Non-PEO NEOs (1&2) ($) |  |  | Average Compensation Actually Paid to Non-PEO NEOs ($) (1&3) |  |  | Value of Initial Fixed $100 Investment based on Total Shareholder Return ($) (4) |  |  | Value of Initial Fixed $100 Investment based on Peer Group Total Shareholder Return ($) (4) |  |  | Net Income (Loss) ($ millions) (5) |  |  | Operating EPS (Non-GAAP) ($) (6) |
2024 |  |  | N/A |  |  |  | N/A |  |  |  | 12,367,961 |  |  |  | 31,359,707 |  |  |  | 3,498,175 |  |  |  | 7,157,809 |  |  |  | 169.91 |  |  |  | 133.53 |  |  |  | 1,772 |  |  |  | 3.68 |
2023 |  |  | N/A |  |  |  | N/A |  |  |  | 11,778,863 |  |  |  | 12,972,702 |  |  |  | 3,578,301 |  |  |  | 3,490,761 |  |  |  | 119.14 |  |  |  | 115.43 |  |  |  | 2,563 |  |  |  | 3.48 |
2022 |  |  | 12,869,210 |  |  |  | 1,495,352 |  |  |  | 9,510,542 |  |  |  | 6,408,817 |  |  |  | 2,733,718 |  |  |  | 1,371,783 |  |  |  | 114.98 |  |  |  | 121.88 |  |  |  | 1,031 |  |  |  | 3.47 |
2021 |  |  | 14,208,674 |  |  |  | 16,757,115 |  |  |  | - |  |  |  | - |  |  |  | 3,834,217 |  |  |  | 4,311,559 |  |  |  | 121.14 |  |  |  | 119.44 |  |  |  | (648 | ) |  |  | 3.65 |
2020 |  |  | 14,308,254 |  |  |  | 21,440,227 |  |  |  | - |  |  |  | - |  |  |  | 3,677,833 |  |  |  | 4,733,261 |  |  |  | 102.37 |  |  |  | 101.68 |  |  |  | 1,905 |  |  |  | 3.43 |
(1) | NEOs included in these columns reflect the following:
Year |  | PEO#1 |  | PEO#2 |  | Non-PEO NEOs
2024 |  | N/A |  | Mr. LaRossa |  | Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. McFeaters
2023 |  | N/A |  | Mr. LaRossa |  | Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. McFeaters
2022 |  | Mr. Izzo |  | Mr. LaRossa |  | Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. Carr
2021 |  | Mr. Izzo |  | N/A |  | Mr. Cregg, Mr. LaRossa, Ms. Linde, and Mr. Daly
(2) | Amounts reflect the total compensation for our NEOs, as reported in the Summary Compensation Table for each applicable year.
(3) | In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards were remeasured as of the end of each fiscal year, and as of each vesting date, during the years displayed in the tables below. For PSUs with a relative TSR metric, the fair values as of each measurement date (prior to the end of the performance period) were determined using a Monte Carlo simulation pricing model, with assumptions and methodologies that are generally consistent with those used to estimate fair value at grant under US GAAP. The range of estimates used in the Monte Carlo calculations are as follows: (i) for 2024, volatility between 19.1%-19.3% and risk-free rate between 4.1%-4.2%; (ii) for 2023, volatility between 20%-22% and risk-free rate between 4.1%-4.7%; (iii) for 2022, volatility between 19%-41% and risk-free rate of 0.1%; (iv) for 2021, volatility between 30%-32% and risk-free rate between 0.4%-0.7%; and (v) for 2020, volatility between 22%-24% and risk-free rate between 4.3%-4.6%. For PSUs with a ROIC metric, fair values reflect the probable outcome of the performance vesting conditions as of each measurement date. For a discussion of the assumptions made in the valuation at grant, see Note 18 to the Consolidated Financial Statements included in our Form 10-K. In calculating the ‘compensation actually paid’ amounts reflected in the columns below, the adjustments made to the pension benefit values were computed in accordance with U.S. GAAP. For each fiscal year reflected, the ‘compensation actually paid’ to the PEO and the average ‘compensation actually paid’ to the non-PEO NEOs reflect the following adjustments made to the total compensation amounts reported in the Summary Compensation Table for each applicable fiscal year, computed in accordance with Item 402(v) of Regulation S-K.
Pay Versus Performance
|  | 2024 ($) |
Summary Compensation Table Total for PEO |  |  | 12,367,961 |
Minus: Grant Date Fair Value of Equity Awards Granted in Fiscal Year |  |  | (8,500,035) |
Minus: Change in Pension Value |  |  | - |
Plus: Pension Service Cost and Associated Prior Service Cost |  |  | 231,332 |
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year |  |  | 11,414,760 |
Plus: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years |  |  | 5,232,447 |
Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year |  |  | 2,825,682 |
Plus: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year |  |  | 6,078,318 |
Minus: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year |  |  | - |
Plus: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation |  |  | 1,709,242 |
Compensation Actually Paid for PEO |  |  | 31,359,707 |
|  | 2024 ($) |
Summary Compensation Table Total for NEOs (other than PEO) |  |  | 3,498,175 |
Minus: Grant Date Fair Value of Equity Awards Granted in Fiscal Year |  |  | (1,800,049) |
Minus: Change in Pension Value |  |  | (57,000) |
Plus: Pension Service Cost and Associated Prior Service Cost |  |  | 115,853 |
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year |  |  | 2,417,339 |
Plus: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years |  |  | 1,138,527 |
Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year |  |  | 598,360 |
Plus: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year |  |  | 912,101 |
Minus: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year |  |  | - |
Plus: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation |  |  | 334,503 |
Compensation Actually Paid for NEOs (other than PEO) |  |  | 7,157,809 |
(4) | The Company’s TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K. The Peer Group used to determine the Company’s Peer Group TSR for each applicable fiscal year is the following published industry index (Dow Jones Utilities (DJU) Index), as disclosed in our 2024 Annual Report on Form 10-K for fiscal year ended 2024 pursuant to Item 201(e) of Regulation S-K.
(5) | Amounts reflect PSEG’s net income as reported in our audited financial statements for the applicable year.
(6) | While we use numerous financial and non-financial performance measures to evaluate performance under our compensation programs, non-GAAP Operating EPS is the financial performance measure that, in PSEG’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used to link compensation actually paid to NEOs, for the most recently completed fiscal year, to Company performance.
Company Selected Measure Name | Operating EPS |  |  |  |
Named Executive Officers, Footnote |
(1) | NEOs included in these columns reflect the following:
Year |  | PEO#1 |  | PEO#2 |  | Non-PEO NEOs
2024 |  | N/A |  | Mr. LaRossa |  | Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. McFeaters
2023 |  | N/A |  | Mr. LaRossa |  | Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. McFeaters
2022 |  | Mr. Izzo |  | Mr. LaRossa |  | Mr. Cregg, Ms. Linde, Ms. Hanemann, and Mr. Carr
2021 |  | Mr. Izzo |  | N/A |  | Mr. Cregg, Mr. LaRossa, Ms. Linde, and Mr. Daly
Peer Group Issuers, Footnote | The Company’s TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K. The Peer Group used to determine the Company’s Peer Group TSR for each applicable fiscal year is the following published industry index (Dow Jones Utilities (DJU) Index), as disclosed in our 2024 Annual Report on Form 10-K for fiscal year ended 2024 pursuant to Item 201(e) of Regulation S-K. |  |  |  |
Adjustment To PEO Compensation, Footnote |
|  | 2024 ($) |
Summary Compensation Table Total for PEO |  |  | 12,367,961 |
Minus: Grant Date Fair Value of Equity Awards Granted in Fiscal Year |  |  | (8,500,035) |
Minus: Change in Pension Value |  |  | - |
Plus: Pension Service Cost and Associated Prior Service Cost |  |  | 231,332 |
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year |  |  | 11,414,760 |
Plus: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years |  |  | 5,232,447 |
Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year |  |  | 2,825,682 |
Plus: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year |  |  | 6,078,318 |
Minus: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year |  |  | - |
Plus: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation |  |  | 1,709,242 |
Compensation Actually Paid for PEO |  |  | 31,359,707 |
Non-PEO NEO Average Total Compensation Amount | $ 3,498,175 | $ 3,578,301 | $ 2,733,718 | $ 3,834,217 | $ 3,677,833
Non-PEO NEO Average Compensation Actually Paid Amount | $ 7,157,809 | 3,490,761 | 1,371,783 | 4,311,559 | 4,733,261
Adjustment to Non-PEO NEO Compensation Footnote |
|  | 2024 ($) |
Summary Compensation Table Total for NEOs (other than PEO) |  |  | 3,498,175 |
Minus: Grant Date Fair Value of Equity Awards Granted in Fiscal Year |  |  | (1,800,049) |
Minus: Change in Pension Value |  |  | (57,000) |
Plus: Pension Service Cost and Associated Prior Service Cost |  |  | 115,853 |
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year |  |  | 2,417,339 |
Plus: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years |  |  | 1,138,527 |
Plus: Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year |  |  | 598,360 |
Plus: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year |  |  | 912,101 |
Minus: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year |  |  | - |
Plus: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation |  |  | 334,503 |
Compensation Actually Paid for NEOs (other than PEO) |  |  | 7,157,809 |
Compensation Actually Paid vs. Total Shareholder Return | Relationship Between Compensation Actually Paid for CEO and NEOs (Average) vs. Cumulative TSR of Company and the Peer Group The graph below illustrates the trend in “compensation actually paid” over the five years compared to our TSR performance, as well as TSR relative to the DJU Index. This illustrates that compensation decreased in 2021, and TSR performance increased. For 2022, compensation moved in alignment with our TSR performance, decreasing in 2022. In 2023 and 2024, compensation increased in alignment with our TSR performance. Our TSR performance was stronger than the DJU Index in 2020, 2021, 2023 and 2024. |  |  |  |
Compensation Actually Paid vs. Net Income | Relationship Between Compensation Actually Paid for CEO and NEOs (Average) vs. Net Income (Loss) The graph below illustrates the trend in “compensation actually paid” over the five years to our GAAP Net Income (Loss). This illustrates that in 2021, compensation moved in alignment with net income, decreasing in 2021. For 2022, compensation decreased and net income increased. For 2023, both compensation and net income increased. In 2024, compensation increased and net income decreased. See Appendix A for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings. |  |  |  |
Compensation Actually Paid vs. Company Selected Measure | Relationship Between Compensation Actually Paid for CEO and NEOs (Average) vs. Non-GAAP Operating EPS The graph below illustrates the trend in “compensation actually paid” over the five years to our Operating EPS (non-GAAP). This illustrates that in 2021 compensation decreased and Operating EPS increased. For 2022, compensation moved in alignment with Operating EPS, decreasing in 2022. In 2023 and 2024, our compensation increased in alignment with Operating EPS. See Appendix A for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings. |  |  |  |
Total Shareholder Return Vs Peer Group | Relationship Between Compensation Actually Paid for CEO and NEOs (Average) vs. Cumulative TSR of Company and the Peer Group The graph below illustrates the trend in “compensation actually paid” over the five years compared to our TSR performance, as well as TSR relative to the DJU Index. This illustrates that compensation decreased in 2021, and TSR performance increased. For 2022, compensation moved in alignment with our TSR performance, decreasing in 2022. In 2023 and 2024, compensation increased in alignment with our TSR performance. Our TSR performance was stronger than the DJU Index in 2020, 2021, 2023 and 2024. |  |  |  |
Tabular List, Table | Most Important Company Performance Measures for Determining Executive Compensation As also required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, below is a list of the performance measures that are considered the most important by the Company in determining executive compensation for the 2024 performance year. The performance measures included in this table are not ranked by relative importance.
|  | Most Important Performance Measures |  |
|  | Operating Earnings Per Share (non-GAAP) |  |
|  | Relative Total Shareholder Return |  |
|  | Return on Invested Capital |  |
|  | Earnings Per Share Growth |  |
|  | ESG Index |  |
Total Shareholder Return Amount | $ 169.91 | 119.14 | 114.98 | 121.14 | 102.37
Peer Group Total Shareholder Return Amount | 133.53 | 115.43 | 121.88 | 119.44 | 101.68
Net Income (Loss) | $ 1,772,000,000 | $ 2,563,000,000 | $ 1,031,000,000 | $ (648,000,000) | $ 1,905,000,000
Company Selected Measure Amount | 3.68 | 3.48 | 3.47 | 3.65 | 3.43
Volatility Minimum | 19.10% | 20.00% | 19.00% | 30.00% | 22.00%
Volatility Maximum | 19.30% | 22.00% | 41.00% | 32.00% | 24.00%
Risk Free Rate Minimum | 4.10% | 4.10% | 0.10% | 0.40% | 4.30%
Risk Free Rate Maximum | 4.20% | 4.70% | 0.10% | 0.70% | 4.60%
Measure:: 1 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | Operating Earnings Per Share (non-GAAP) |  |  |  |
Non-GAAP Measure Description | While we use numerous financial and non-financial performance measures to evaluate performance under our compensation programs, non-GAAP Operating EPS is the financial performance measure that, in PSEG’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used to link compensation actually paid to NEOs, for the most recently completed fiscal year, to Company performance. |  |  |  |
Measure:: 2 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | Relative Total Shareholder Return |  |  |  |
Measure:: 3 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | Return on Invested Capital |  |  |  |
Measure:: 4 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | Earnings Per Share Growth |  |  |  |
Measure:: 5 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | ESG Index |  |  |  |
Mr. LaRossa [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
PEO Total Compensation Amount | $ 12,367,961 | $ 11,778,863 | $ 9,510,542 |  |
PEO Actually Paid Compensation Amount | $ 31,359,707 | $ 12,972,702 | $ 6,408,817 |  |
PEO Name | Mr. LaRossa | Mr. LaRossa | Mr. LaRossa |  |
Mr. Izzo [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
PEO Total Compensation Amount |  |  | $ 12,869,210 | $ 14,208,674 | $ 14,308,254
PEO Actually Paid Compensation Amount |  |  | $ 1,495,352 | $ 16,757,115 | $ 21,440,227
PEO Name |  |  | Mr. Izzo | Mr. Izzo | Mr. Izzo
PEO | Mr. LaRossa [Member] | Pension Adjustments Prior Service Cost |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | $ 231,332 |  |  |  |
PEO | Mr. LaRossa [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (8,500,035) |  |  |  |
PEO | Mr. LaRossa [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 11,414,760 |  |  |  |
PEO | Mr. LaRossa [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 5,232,447 |  |  |  |
PEO | Mr. LaRossa [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 2,825,682 |  |  |  |
PEO | Mr. LaRossa [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 6,078,318 |  |  |  |
PEO | Mr. LaRossa [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 1,709,242 |  |  |  |
Non-PEO NEO | Pension Adjustments Service Cost |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (57,000) |  |  |  |
Non-PEO NEO | Pension Adjustments Prior Service Cost |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 115,853 |  |  |  |
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (1,800,049) |  |  |  |
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 2,417,339 |  |  |  |
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 1,138,527 |  |  |  |
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 598,360 |  |  |  |
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 912,101 |  |  |  |
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | $ 334,503 |  |  |  |

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