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PSE&G Electric

Public Service Electric and Gas Company — Electric Division

NJ · electric

Current parent: Public Service Enterprise Group Incorporated
Open cases: 0
Updated: Jul 20, 2026

Current economics

Rate base: $17.8B
Authorized ROE: 9.6%
Authorized common-equity ratio: 55%

Oversight and service

NJ New Jersey Board of Public Utilitieselectric

Proceedings

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PSE&G Electric 2023 base rate case

ER23120924 · Opened Dec 29, 2023

Closed

complete

Regulatory history

Effective date	Proceeding	ROE	Common equity	Rate base
Current	Current electric profile Electric · Latest supported values	9.6% Authorized · Oct 9, 2024	55% Authorized · Oct 9, 2024	$17.8B Authorized · Oct 9, 2024
Oct 9, 2024	PSE&G Electric 2023 base rate case ER23120924 · Electric Compare stages ROE Authorized 9.6% → Utility request 10.4%	9.6% Authorized · Oct 9, 2024	—	—

View full observation log (7)

Metric	Date	Stage	Value	Scope
Common equity ratio	Oct 9, 2024	authorized	55%	PSE&G electric and gas distribution capitalization.
Annual revenue change	Oct 9, 2024	authorized	$440.5M/year	Prior authorized observation
Annual revenue change	Dec 29, 2023	utility request	$522M/year	Prior authorized observation
Rate base	Oct 9, 2024	authorized	$17.8B	Combined PSE&G electric and gas distribution rate base authorized in the 2024 base-rate settlement.
Return on equity	Oct 9, 2024	authorized	9.6%	PSE&G electric and gas distribution base rates.
Return on equity	Oct 9, 2024	authorized	9.6%	Total company rate-case request or Commission-authorized outcome
Return on equity	Oct 9, 2024	utility request	10.4%	Total company rate-case request or Commission-authorized outcome