PSEG's Net Income increased to $2,111 million in 2025 from $1,772 million in 2024, with diluted EPS rising to $4.22 from $3.54. The regulated capital investment program for 2026-2030 is estimated at $22.5 billion to $25.5 billion, contributing to a projected compound annual growth rate in regulated rate base of 6.0% to 7.5% through 2030. PSE&G's regulated rate base grew from approximately $34 billion in 2024 to $36 billion in 2025, supported by the 2024 distribution base rate case settlement and ongoing investment programs. PSE&G's operating cash flow increased by $643 million to $2,368 million in 2025. PSEG Power's nuclear units generated approximately 30.9 terawatt hours in 2025, operating at a high capacity factor of 91.2%. The LIPA Operations Services Agreement (OSA) for PSEG Long Island was extended for five years, through December 31, 2030. PSE&G's Clean Energy Future-Energy Efficiency (CEF-EE) II filing approved approximately $2.9 billion for energy efficiency projects from 2025 through 2027. The Gas System Modernization Program (GSMP) III was approved, authorizing $1.05 billion of capital investment for gas main replacement from 2026 through 2028, with an additional $360 million for 75 miles of gas main. PSEG Power's nuclear plants are eligible for Production Tax Credits (PTCs) from 2024 through 2032, providing downside price protection, though no PTC benefit was recorded in 2025 as gross receipts exceeded the threshold. A $424 million transmission line project in Maryland and northern Virginia, awarded by PJM in December 2023 with a 2027 in-service date, is not currently believed to be reasonably achievable due to procedural timelines. The company's Board of Directors approved a $0.67 per share common stock dividend for the first quarter of 2026, reflecting an indicative annual dividend rate of $2.68 per share.