SEC 8-K and 6-K filings classified by Claude with reasoning, plus Form 4 insider transactions. Ingested from EDGAR’s filing stream in near-real time, reconciled overnight.
Open-market buys and sells only — the deliberate trades. Zero here doesn’t mean no filings: grants, option exercises and tax withholding (below) are compensation, not market trades.
| Insider | Role | Date | Transaction | Shares | Value |
|---|---|---|---|---|---|
| LaRossa Ralph A | Chair, President and CEO, Director | 2026-09-01 | Open-market sell 10b5-1 | 2083 | $153K |
| Thigpen Richard T | SVP Corporate Citizenship | 2026-08-11 | Open-market sell | 8000 | $596K |
| LaRossa Ralph A | Chair, President and CEO, Director | 2026-08-03 | Open-market sell 10b5-1 | 2083 | $159K |
| LaRossa Ralph A | Chair, President and CEO, Director | 2026-07-01 | Open-market sell 10b5-1 | 2083 | $168K |
| Hanemann Kim C | President and COO - PSE&G | 2026-06-24 | Open-market sell 10b5-1 | 3035 | $249K |
| LaRossa Ralph A | Chair, President and CEO, Director | 2026-06-01 | Open-market sell 10b5-1 | 2083 | $160K |
| Deese Willie A | Director | 2026-05-01 | Grant/award | 2246 | $180K |
| LaRossa Ralph A | Chair, President and CEO, Director | 2026-05-01 | Open-market sell 10b5-1 | 2083 | $169K |
| Stephenson Scott G | Director | 2026-05-01 | Grant/award | 2246 | $180K |
| LaRossa Ralph A | Chair, President and CEO, Director | 2026-04-01 | Open-market sell 10b5-1 | 2083 | $169K |
| Hanemann Kim C | President and COO - PSE&G | 2026-03-09 | Open-market sell | 9 | $738 |
| LaRossa Ralph A | Chair, President and CEO, Director | 2026-03-05 | Open-market sell 10b5-1 | 2083 | $174K |
| Thigpen Richard T | SVP Corporate Citizenship | 2026-03-03 | Open-market sell | 4700 | $390K |
| Chernick Rose M | Vice President and Controller | 2026-02-24 | Grant/award | 5163 | $443K |
| Chernick Rose M | Vice President and Controller | 2026-02-24 | Grant/award | 2320 | $200K |
| Chernick Rose M | Vice President and Controller | 2026-02-24 | Tax withholding | 1792 | $154K |
| Cregg Daniel J | Executive VP & CFO | 2026-02-24 | Grant/award | 36135 | $3.1M |
| Cregg Daniel J | Executive VP & CFO | 2026-02-24 | Grant/award | 9741 | $840K |
| Cregg Daniel J | Executive VP & CFO | 2026-02-24 | Tax withholding | 18483 | $1.6M |
| Hanemann Kim C | President and COO - PSE&G | 2026-02-24 | Grant/award | 25944 | $2.2M |
Fiscal period ending 2025-12-31 versus 2024-12-31 — view filing on EDGAR →
Risk exposure broadened materially across regulatory, market, and operational dimensions, with no offsetting easing. The most acute near-term hits are PSEG's loss of all 2025 PTCs due to gross receipts threshold breach and the $424M transmission project's 2027 in-service date now deemed unachievable — both concrete, quantifiable setbacks. PJM capacity market stress, escalating FERC regulatory friction, and a pending competitor litigation challenge compound the picture into a sustained multi-theme deterioration.
5 company-specific · 2 common-mode
OSA renewal uncertainty resolved favorably, but new material litigation risk emerged: competitor challenging contract award process with appeal pending, creating contract continuity risk.
LIPA Operations Services Agreement (OSA) PSEG LI has been operating LIPA’s electric T&D system in Long Island, New York since 2014 under a 12-year OSA with LIPA that expired on December 31, 2025.…
PJM capacity market now hitting price caps and failing to procure sufficient generation to meet reliability requirements. Unprecedented market stress and potential major regulatory reforms create material revenue and operational uncertainty.
Table of Contents Energy Clearing Prices Energy clearing prices in the markets in which we operate are generally based on bids submitted by generating units. Under FERC-approved market rules, bids…
New disclosure that 2027 in-service date for $424M transmission project is not reasonably achievable due to Maryland PSC procedural timeline, creating project execution and timeline risk.
Competitively Bid, FERC Regulated Transmission PSEG continues to evaluate investment opportunities in regulated transmission. In December 2023, PJM awarded us an approximately $424 million project to…
FERC denied reactive power rehearing and issued unjust/unreasonable tariff order on co-located loads, escalating regulatory risk and requiring PJM tariff revisions with uncertain financial impact.
Regulation of Wholesale Sales—Generation/Market Issues/Market Power Under FERC regulations, public utilities that wish to sell power at market rates must receive FERC authorization (market-based…
New disclosure that PSEG did not receive any PTCs in 2025 due to gross receipts exceeding threshold, materially reducing expected nuclear support and increasing downside risk exposure.
Markets and Market Pricing All of PSEG Power’s nuclear generation assets are located within the PJM RTO. In PJM, owners of power plants specify prices at which they are prepared to generate and…
New disclosure of material regulatory risk: resource adequacy challenges driving rate affordability concerns, policymaker intervention, and regulatory uncertainty affecting business strategy and cash flows.
Table of Contents Significant resource adequacy challenges present affordability and reliability concerns that could cause policymakers to implement responsive measures that could have a material…
Removed CIP margin protection language; now explicitly states climate policies "could be material" cost risk, escalating financial exposure disclosure.
We are subject to physical, financial and transition risks related to climate change, including potentially increased legislative and regulatory burdens and changing customer preferences, and we may…
PSEG completed a $500 million public offering of senior notes due 2031 on June 3, 2026. While debt issuances are material financing events affecting the registrant's capital structure and financial position, this disclosure does not fit neatly into the more specific event categories (it is not M&A, a dilutive equity issuance, or a covenant breach). The filing is a routine debt offering disclosure under Item 8.01, making "other_material" the most appropriate classification.
View raw filing on EDGAR →