Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

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 named executive officers (NEOs) and certain financial performance measures of PSEG for the fiscal years ended on December 31, 2022, December 31, 2021 and December 31, 2020. For further information on PSEG’s

pay-for-p

erform

ance

philosophy and how executive compensation aligns with the Company’s performance, refer to the Compensation Discussion & 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)

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
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
2020	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 U.S. GAAP. The range of estimates used in the Monte Carlo calculations are as follows: (i) for 2022, volatility between

19%-41%

and risk-free rate of 0.1%; (ii) for 2021, volatility between

30%-32%

and risk-free rate between

0.4%-0.7%;

and (iii) 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 20 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.


	PEO #1									PEO #2
	2022 ($)			2021 ($)			2020 ($)			2022 ($)

Summary Compensation Table Total for PEO		12,869,210			14,208,674			14,308,254			9,510,542

Less: Grant Date Fair Value of Equity Awards and Less; Change in Actuarial Present Value of Benefits Reported in the Summary Compensation Table		(9,100,044	)		(9,100,065	)		(10,435,075	)		(7,350,100	)

Add: Actuarially Determined Service Cost for Services Rendered During the Fiscal Year		392,466			424,401			475,639			231,485

Add: Entire Cost of Benefits Granted in an Amendment or Initiation During the Applicable Fiscal Year Atributed to Services Rendered Prior to the Amendment or Initiation		-			-			-			-

Add: Year-End Fair Value of Awards Granted in the Applicable Year that are Outstanding and Unvested		7,541,414			10,314,918			11,254,928			6,615,452

Add: Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year		(7,704,660	)		(2,861,237	)		1,673,319			(2,032,007	)

Add: Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		-			-			-			-

Add: Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards		(2,900,512	)		2,891,656			2,923,601			(764,993	)

Less: Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year		-			-			-			-

Add: Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation		397,478			878,768			1,239,561			198,439


Compensation Actually Paid for PEO		1,495,352			16,757,115			21,440,227			6,408,817

Pay Versus Performance


	2022 ($)			2021 ($)			2020 ($)

Average of Summary Compensation Table Total for NEOs (other than PEO)		2,733,718			3,834,217			3,677,833

Less: Grant Date Fair Value of Equity Awards and Less; Change in Actuarial Present Value of Benefits Reported in the Summary Compensation Table		(1,437,564	)		(1,841,049	)		(2,365,541	)

Add: Actuarially Determined Service Cost for Services Rendered During the Fiscal Year		141,217			201,866			179,836

Add: Entire Cost of Benefits Granted in an Amendment or Initiation During the Applicable Fiscal Year Atributed to Services Rendered Prior to the Amendment or Initiation		-			-			-

Add: Year-End Fair Value of Awards Granted in the Applicable Year that are Oustanding and Unvested		1,191,343			1,929,838			2,065,496

Add: Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year		(925,014	)		(503,004	)		406,831

Add: Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		-			-			-

Add: Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards		(395,767	)		528,106			508,560

Less: Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year		-			-			-

Add: Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation		63,850			161,585			260,246


Average Compensation Actually Paid for NEOs (other than PEO)		1,371,783			4,311,559			4,733,261

(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 annual report on Form 10K for fiscal year ended 2022 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 [Text Block]

(1)	NEOs included in these columns reflect the following:



Year	PEO #1	PEO #2	Non-PEO NEOs
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
2020	Mr. Izzo	N/A	Mr. Cregg, Mr. LaRossa, Ms. Linde, and Mr. Daly

Peer Group Issuers, Footnote [Text Block]

S-K.

Adjustment To PEO Compensation, Footnote [Text Block]


	PEO #1									PEO #2
	2022 ($)			2021 ($)			2020 ($)			2022 ($)

Summary Compensation Table Total for PEO		12,869,210			14,208,674			14,308,254			9,510,542

Less: Grant Date Fair Value of Equity Awards and Less; Change in Actuarial Present Value of Benefits Reported in the Summary Compensation Table		(9,100,044	)		(9,100,065	)		(10,435,075	)		(7,350,100	)

Add: Actuarially Determined Service Cost for Services Rendered During the Fiscal Year		392,466			424,401			475,639			231,485

Add: Entire Cost of Benefits Granted in an Amendment or Initiation During the Applicable Fiscal Year Atributed to Services Rendered Prior to the Amendment or Initiation		-			-			-			-

Add: Year-End Fair Value of Awards Granted in the Applicable Year that are Outstanding and Unvested		7,541,414			10,314,918			11,254,928			6,615,452

Add: Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year		(7,704,660	)		(2,861,237	)		1,673,319			(2,032,007	)

Add: Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		-			-			-			-

Add: Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards		(2,900,512	)		2,891,656			2,923,601			(764,993	)

Less: Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year		-			-			-			-

Add: Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation		397,478			878,768			1,239,561			198,439


Compensation Actually Paid for PEO		1,495,352			16,757,115			21,440,227			6,408,817

Non-PEO NEO Average Total Compensation Amount

$ 2,733,718

$ 3,834,217

$ 3,677,833

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,371,783

4,311,559

4,733,261

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]


	2022 ($)			2021 ($)			2020 ($)

Average of Summary Compensation Table Total for NEOs (other than PEO)		2,733,718			3,834,217			3,677,833

Less: Grant Date Fair Value of Equity Awards and Less; Change in Actuarial Present Value of Benefits Reported in the Summary Compensation Table		(1,437,564	)		(1,841,049	)		(2,365,541	)

Add: Actuarially Determined Service Cost for Services Rendered During the Fiscal Year		141,217			201,866			179,836

Add: Entire Cost of Benefits Granted in an Amendment or Initiation During the Applicable Fiscal Year Atributed to Services Rendered Prior to the Amendment or Initiation		-			-			-

Add: Year-End Fair Value of Awards Granted in the Applicable Year that are Oustanding and Unvested		1,191,343			1,929,838			2,065,496

Add: Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year		(925,014	)		(503,004	)		406,831

Add: Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		-			-			-

Add: Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards		(395,767	)		528,106			508,560

Less: Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year		-			-			-

Add: Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation		63,850			161,585			260,246


Average Compensation Actually Paid for NEOs (other than PEO)		1,371,783			4,311,559			4,733,261

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

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 three years compared to our TSR performance, as well TSR relative to the Dow Jones Utilities 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. Our TSR performance was stronger than the DJU Index in 2020 and 2021.

Compensation Actually Paid vs. Net Income [Text Block]

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 three 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.

Compensation Actually Paid vs. Company Selected Measure [Text Block]

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 three 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.