Public Service Electric & Gas Co. Completes $1B Secured Notes Offering

What Happened
Public Service Electric and Gas Company (PSE&G) announced on August 10, 2026 that it completed a public offering of $650 million of 5.400% Secured Medium‑Term Notes due August 1, 2036 and $350 million of 6.050% Secured Medium‑Term Notes due August 1, 2056 (total $1.0 billion). The notes were offered under PSE&G’s Form S‑3 registration (File No. 333-275512) with prospectus and pricing supplements dated November 13, 2023; January 5, 2026; and August 6, 2026. PSE&G also filed a legal opinion from John C. Walmsley, Associate Counsel of PSEG Services Corporation, regarding the legality of the notes.

Key Details

• Total principal: $1,000,000,000 (650M for 2036 Notes; 350M for 2056 Notes).
• Coupon rates: 5.400% for the 2036 Notes; 6.050% for the 2056 Notes.
• Maturities: August 1, 2036 (2036 Notes) and August 1, 2056 (2056 Notes).
• Offering completed August 10, 2026 under a Form S‑3 registration; counsel’s legal opinion was filed with the 8‑K.

Why It Matters
This filing documents that PSE&G has added $1.0 billion of secured, fixed‑rate debt with long-term maturities, creating fixed interest obligations at the stated coupon rates through 2036 and 2056. For investors, the transaction increases the company’s secured debt balance and establishes known interest costs and repayment dates that will factor into future credit metrics and financial results disclosed in periodic filings.