UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events
On May 31, 2023, Public Service Enterprise Group Incorporated (PSEG) announced that it has completed the sale of its 25% equity interest in the 1,100-megawatt Ocean Wind 1 project (the “Project”) to Ørsted North America, Inc. (Ørsted N.A.). With today’s executed agreement, Ørsted N.A. has reimbursed PSEG for all of its cumulative outlays in the Project, and Ørsted N.A. now owns 100% of New Jersey’s first offshore wind farm. PSEG has also entered into a limited Transition Services Agreement with Ørsted N.A. to provide the Project with construction management and environmental permitting services for the onshore substations and transmission cable installation scope of the Project. A copy of the press release is filed as Exhibit 99 to this Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
Exhibit 99 | Press Release of Public Service Enterprise Group Incorporated, dated May 31, 2023. | |
Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. The signature of the undersigned company shall be deemed to relate only to matters having reference to such company and any subsidiaries thereof.
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED | ||
(Registrant) |
By: | /s/ Rose M. Chernick | |
ROSE M. CHERNICK | ||
Vice President and Controller | ||
(Principal Accounting Officer) |
Date: May 31, 2023
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