UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORTPursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 6, 2020

Public Service Enterprise Group Incorporated(Exact name of registrant as specified in its charter)

New Jersey 001-09120 22-2625848(State or other jurisdiction

of incorporation ) (Commission

File Number) (I.R.S. Employer

Identification Number)

80 Park PlazaNewark, New Jersey 07102

(Address of principal executive offices) (Zip Code)

973 430-7000(Registrant’s telephone number, including area code)

Public Service Electric and Gas Company(Exact name of registrant as specified in its charter)

New Jersey 001-00973 22-1212800(State or other jurisdiction

of incorporation ) (Commission

File Number) (I.R.S. Employer

Identification Number)

80 Park PlazaNewark, New Jersey 07102

(Address of principal executive offices) (Zip Code)

973 430-7000(Registrant’s telephone number, including area code)

PSEG Power LLC(Exact name of registrant as specified in its charter)

Delaware 001-34232 22-3663480(State or other jurisdiction

of incorporation ) (Commission

File Number) (I.R.S. Employer

Identification Number)

80 Park PlazaNewark, New Jersey 07102

(Address of principal executive offices) (Zip Code)

973 430-7000(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of thefollowing provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class TradingSymbol(s)

Name of Each ExchangeOn Which Registered

Public Service Enterprise Group Incorporated Common Stock without par value PEG New York Stock Exchange

Public Service Electric and Gas Company 9.25% First and Refunding Mortgage Bonds, Series CC, due 2021 PEG21 New York Stock Exchange8.00% First and Refunding Mortgage Bonds, due 2037 PEG37D New York Stock Exchange5.00% First and Refunding Mortgage Bonds, due 2037 PEG37J New York Stock Exchange

PSEG Power LLC 8.625% Senior Notes, due 2031 PEG31 New York Stock Exchange

Indicate by check mark whether any of the registrants is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 ofthis chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if such registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

The information contained in Item 7.01 Regulation FD Disclosure in this combined Form 8-K is separately furnished, as noted, by Public Service EnterpriseGroup Incorporated (PSEG), Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (PSEG Power). Information contained hereinrelating to any individual company is provided by such company on its own behalf and in connection with its respective Form 8-K. PSE&G and PSEGPower each makes representations only as to itself and makes no other representations whatsoever as to any other company. The materials furnished asExhibit 99 are available on the pseg.com website under the investor tab, or at http://investor.pseg.com.

Item 7.01 Regulation FD Disclosure

PSEG, PSE&G and PSEG Power

On April 6, 2020, PSEG posted investor materials to its investor relations website providing updates regarding its operations in light of the coronavirus(COVID-19) pandemic. The investor materials are furnished with this Form 8-K as Exhibit 99.

Item 9.01 Financial Statements and Exhibits

Exhibit 99 Investor Materials

Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED(Registrant)

By: /s/ Rose M. Chernick ROSE M. CHERNICK Vice President and Controller (Principal Accounting Officer)

PUBLIC SERVICE ELECTRIC AND GAS COMPANY(Registrant)

By: /s/ Rose M. Chernick ROSE M. CHERNICK Vice President and Controller (Principal Accounting Officer)

PSEG POWER LLC (Registrant)

By: /s/ Rose M. Chernick ROSE M. CHERNICK Vice President and Controller (Principal Accounting Officer)

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 undersignedthereunto duly authorized. The signature of the undersigned company shall be deemed to relate only to matters having reference to such company and anysubsidiaries thereof.

Date: April 6, 2020

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 undersignedthereunto duly authorized. The signature of the undersigned company shall be deemed to relate only to matters having reference to such company and anysubsidiaries thereof.

Date: April 6, 2020

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 undersignedthereunto duly authorized. The signature of the undersigned company shall be deemed to relate only to matters having reference to such company and anysubsidiaries thereof.

Date: April 6, 2020

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• NYSE: PEG •

April 2020 PSEG Investor Update

BUILDING A SUSTAINABLE, FINANCIALLY SOUND ENERGY INFRASTRUCTURE COMPANY

EXHIBIT 99

Forward-Looking Statements

2

Certainofthemattersdiscussedinthispresentationaboutourandoursubsidiaries’futureperformance,including,withoutlimitation,futurerevenues,earnings,strategies,prospects,consequencesandallotherstatementsthatarenotpurelyhistoricalconstitute“forward-lookingstatements”withinthemeaningofthePrivateSecuritiesLitigationReformActof1995.Suchforward-lookingstatementsaresubjecttorisksanduncertainties,whichcouldcauseactualresultstodiffermateriallyfromthoseanticipated.Suchstatementsarebasedonmanagement’sbeliefsaswellasassumptionsmadebyandinformationcurrentlyavailabletomanagement.Whenusedherein,thewords“anticipate,”“intend,”“estimate,”“believe,”“expect,”“plan,”“should,”“hypothetical,”“potential,”“forecast,”“project,”variationsofsuchwordsandsimilarexpressionsareintendedtoidentifyforward-lookingstatements.Factorsthatmaycauseactualresultstodifferareoftenpresentedwiththeforward-lookingstatementsthemselves.Otherfactorsthatcouldcauseactualresultstodiffermateriallyfromthosecontemplatedinanyforward-lookingstatementsmadebyushereinarediscussedinfilingswemakewiththeUnitedStatesSecuritiesandExchangeCommission(SEC),includingourAnnualReportonForm10-KandsubsequentreportsonForm10-QandForm8-K.Thesefactorsinclude,butarenotlimitedto:• fluctuationsinwholesalepowerandnaturalgasmarkets,includingthepotentialimpactsontheeconomicviabilityofourgenerationunits;• ourabilitytoobtainadequatefuelsupply;• marketrisksimpactingtheoperationofourgeneratingstations;• increasesincompetitioninwholesaleenergyandcapacitymarkets;• changesintechnologyrelatedtoenergygeneration,distributionandconsumptionandcustomerusagepatterns;• economicdownturns;• third-partycreditriskrelatingtooursaleofgenerationoutputandpurchaseoffuel;• adverseperformanceofournucleardecommissioninganddefinedbenefitplantrustfundinvestmentsandchangesinfundingrequirements;• theimpactofchangesinstateandfederallegislationandregulationsonourbusiness,includingPSE&G’sabilitytorecovercostsandearnreturnsonauthorizedinvestments;• PSE&G’sproposedinvestmentprogramsmaynotbefullyapprovedbyregulatorsanditscapitalinvestmentmaybelowerthanplanned;• theimpactonourNewJerseynuclearplantsifsuchplantsarenotawardedZeroEmissionCertificates(ZEC)infutureperiods,thereisanadversechangeintheamountoffutureZEC

payments,theZECprogramisoverturnedormodifiedthroughlegalproceedingsorifadversechangesaremadetothecapacitymarketconstruct;• adversechangesinenergyindustrylaws,policiesandregulations,includingmarketstructuresandtransmissionplanning;• theimpactofstateandfederalactionsaimedatcombatingclimatechangeonournaturalgasassets;• risksassociatedwithourownershipandoperationofnuclearfacilities,includingregulatoryrisks,suchascompliancewiththeAtomicEnergyActandtradecontrol,environmentaland

otherregulations,aswellasfinancial,environmentalandhealthandsafetyrisks;• changesinfederalandstateenvironmentalregulationsandenforcement;• delaysinreceiptof,oraninabilitytoreceive,necessarylicensesandpermits;• theimpactofanyfuturerateproceedings;• adverseoutcomesofanylegal,regulatoryorotherproceeding,settlement,investigationorclaimapplicabletousand/ortheenergyindustry;• changesintaxlawsandregulations;• theimpactofourholdingcompanystructureonourabilitytomeetourcorporatefundingneeds,servicedebtandpaydividends;• lackofgrowthorslowergrowthinthenumberofcustomersorchangesincustomerdemand;• anyinabilityofPSEGPowertomeetitscommitmentsunderforwardsaleobligations;• relianceontransmissionfacilitiesthatwedonotownorcontrolandtheimpactonourabilitytomaintainadequatetransmissioncapacity;• anyinabilitytosuccessfullydevelop,obtainregulatoryapprovalfor,orconstructgeneration,transmissionanddistributionprojects;• anyequipmentfailures,accidents,severeweathereventsorotherincidents,includingpandemicssuchasthecurrentcoronavirusoutbreak,thatimpactourabilitytoprovidesafeand

reliableservicetoourcustomers;• ourinabilitytoexercisecontrolovertheoperationsofgenerationfacilitiesinwhichwedonotmaintainacontrollinginterest;• anyinabilitytorecoverthecarryingamountofourlong-livedassetsandleveragedleases;• anyinabilitytomaintainsufficientliquidity;• anyinabilitytorealizeanticipatedtaxbenefitsorretaintaxcredits;• challengesassociatedwithrecruitmentand/orretentionofkeyexecutivesandaqualifiedworkforce;• theimpactofourcovenantsinourdebtinstrumentsonouroperations;and• theimpactofactsofwar,terrorism,pandemics,includingthecurrentcoronavirusoutbreak,cybersecurityattacksorintrusions.Alloftheforward-lookingstatementsmadeinthispresentationarequalifiedbythesecautionarystatementsandwecannotassureyouthattheresultsordevelopmentsanticipatedbymanagementwillberealizedorevenifrealized,willhavetheexpectedconsequencesto,oreffectson,usorourbusiness,prospects,financialcondition,resultsofoperationsorcashflows.Readersarecautionednottoplaceunduerelianceontheseforward-lookingstatementsinmakinganyinvestmentdecision.Forward-lookingstatementsmadeinthispresentationapplyonlyasofthedateofthispresentation.Whilewemayelecttoupdateforward-lookingstatementsfromtimetotime,wespecificallydisclaimanyobligationtodoso,eveninlightofnewinformationorfutureevents,unlessotherwiserequiredbyapplicablesecuritieslaws.Theforward-lookingstatementscontainedinthispresentationareintendedtoqualifyforthesafeharborprovisionsofSection27AoftheSecuritiesActof1933,asamended,andSection21EoftheSecuritiesExchangeActof1934,asamended.

PSEG powering New Jersey’s response to COVID-19PSEG Response to COVID-19

NJutilityserviceandpowergenerationdeemedasessentialservices

PrioritizinguninterruptedutilityoperationsatPSE&G,PSEGPowerandPSEGLongIslandwithupdatedscreeningprocedurestoensurecustomerandemployeehealthandsafety

ActivatedPSEGsenior-level,cross-functionalteamtoengageallcompanyresourcesathighestalert

Approximately8,000of13,000totalworkforceworkingremotely/fromhome

Voluntarilysuspendedshut-offsofelectricandgasservicetoresidentialcustomersfornon-payment

PSEGdonated50,000N95maskstoNJ’slargesthealthcaresystem

PSE&GandPSEG-LIassistingwithelectricityprovisioningforemergencymedicalfacilitiesconstruction

PSEGFoundationactivelysupportinglocalfoodbanksandcommunityorganizations

PSEG OperationsAllNJandNYfieldcrewsoperatingwithlatestCOVID-19healthandsafetyprotocols;PPEforallfieldassociates

Constructioncrewscontinuingworkonessentialprojectstoreplaceandupgradecriticalenergyinfrastructure

Customerservicecallcentersconvertedtohome-basedplatform;improvementsseeninresponsetimesandcustomersatisfaction

PSE&Gtemporarilysuspendedcertainnon-criticalrepairworkinsidecustomerhomesandbusinesspremises

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PSEG well positioned during COVID-19 challengesStrong Liquidity Position

Totalcreditfacilities$4.2B;$2.9Bavailableatyear-end2019• CreditfacilitiesextendedthroughMarch2024

InJanuary2020,PSE&Gissued$600MMTNs;PSE&G’s$2.7B2020capitalprogramtobefundedconsistentwithauthorizedcapitalstructureof54%equityPSEGclosedona$300MtermloaninMarchanda$200MtermloaninAprilforgeneralcorporatepurposesDebtMaturitiesof$1.4Bin2020:PSE&G$259M;PSEGPower$406Mand$700MatPSEGNoneedtoissuenewequitytofund2020-2024capitalprogram

Pension has No Near-term Cash RequirementsFundedstatus:86%atYE2019;Nextpensionre-measurementatYE2020Expectaccumulatedpensionfundingcreditsof~$600McanbeusedtodefrayfuturecashcontributionsovernexttwoyearsMarket/assetperformanceismeasuredatyear-endandamortizedoverseveralyears

State Regulatory Proceedings Continuing Online NJBoardofPublicUtilities(NJBPU)continuestoholdregularcommissionagendameetingsviainternetteleconferenceNJBPUStafffinalizingEnergyEfficiency(EE)TransitionStakeholderProceeding;WebinarconductedApril1;andNJBPUactionanticipatedMay2020toestablishbroadEEframeworkforNJPSE&GCleanEnergyFuture(CEF)–EEscheduledforconclusionbySeptember2020PSE&Gupdatedits$0.6BCEF–EnergyCloud–AMI(EC-AMI)filinginAprilfollowingNJBPUliftingofNJmoratoriumNJBPUinitiatedproceedingtoconsidertheFixedResourceRequirementoptiontoprocurefutureNJcapacity

AMI=AUTOMATED METERING INFRASTRUCTURE44

PSE&G T&D Margin Allocation

DISTRIBUTION MARGIN IS WEATHER NORMALIZED AND COMPRISED OF FIXED(FLAT MONTHLYSERVICE CHARGE) + VARIABLE VOLUME (RESIDENTIAL, ELECTRIC SMALLCOMMERCIAL & INDUSTRIAL, GAS C&I) + PEAK DEMAND (ELECTRIC C&I, LARGE GAS C&I). E=ESTIMATE

• TransmissionandResidentialsegmentsofDistributionexpectedtocontribute75%oftotalPSE&Gmargin

• Transmissionisfixedwithnovariable/volumerisk

• Distributionmarginis~60%Residential

• Significantportionofremainingmargincomprisedoffixedversusvariable

• Near-termCOVID-19Distributionimpactsexpectedto ResidentialmarginsandC&Imargins

• Variablemarginislowestduringthecurrentshoulderseasonperiod

• Electricbaddebtexpenserecoveredthroughthesocietalbenefitsclause

• WeathernormalizationclauseforGasDistribution

PSE&G 2020E Margin Illustration

5

Investment Priorities Aligned with NJ’s Clean Energy AgendaEnergyEfficiency:NJBPUextendedscheduletoSeptember2020;Investmentinexistingprogramsextendedby$111M

Proceduralschedulesetfor$0.6BCEF–EC–AMI;NJBPUStaffproposedproceduralschedulesfor$0.3BCEF–ElectricVehiclesand$0.1BCEF—EnergyStorage

PSEGcontinuingduediligenceandnegotiationstowardaJointVentureagreementtopotentiallyacquirea25%equityinterestinØrsted’s1,100MWOceanWindproject

Federal Energy Regulatory Commission (FERC) / PJMFERC’sNOPRonTransmissionIncentivesissupportiveofcontinuedandexpandedincentivesforparticipationinregionaltransmissionorganizationsandprojectincentives

PJM’sMarch18compliancefilingonFERC’sCapacityOrdersetpricefloorsforNJ’snuclearplantstobidaspricetakersintheupcomingPJMcapacityauction

JamesDanly(R)sworninasfourthFERCCommissioner;FERCindicateditwillprovidepublicandregulatedentitiesrelieffromcertainCommissionregulatoryobligationstoassurebusinesscontinuityduringthenationalresponsetoCOVID-19

Regulatory and Policy Initiatives - Update

FRR=FIXED RESOURCE REQUIREMENT; NOPR=NOTICE OF PROPOSED RULEMAKING

2021Q4 2020Q3 2020Q2 2020

AnticipateFERCorderonPJMcompliancefiling

NJBPUopenedproceedingtoinvestigateviabilityofFRRforprocurementoffutureNJcapacity

AnticipatePJMparametersfor2022/2023auction

Q3/Q4– File2ZECapplicationwithNJBPU

FRRplansduetoPJM(30daysbeforeauction)

LateDec– 2022/2023PJMcapacityauction(earliest)

Apr– NJBPUorderexpectedonawardofZECsfor2022–2025

Potential FERC/PJM Capacity Auction Timeline:

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nd

APPENDIX

ElectricElectric GasGas

Customers5-YearAnnualCustomerGrowth*

2.3Million0.8%

1.9Million0.7%

2019ElectricandGasSales 40,684GWh

2,589MTherms**

SalesMix(2019)

Residential 33% 58%

Commercial 58% 38%

Industrial 9% 4%

PSE&G – New Jersey’s largest:• ElectricandGasDistributionutility• Transmissionbusiness• Investorinrenewablesandenergyefficiency• Applianceserviceprovider

*ANNUAL CUSTOMER GROWTH USES 2014 AS BASE YEAR.**GAS FIRM SALES ONLY.***EXCLUDES CWIP. YEAR-END CWIP BALANCE WAS $1.6 BILLION.

45%52%

3%

PSE&G 2019 Rate Base***

>$20 B

DistributionTransmission

Solar & EE

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Clean Energy Future program supports economic recovery, helpslower bills and sized to achieve NJ’s Clean Energy Act targets

• Energy Efficiency:HelpsachieveNJ’stargetsof2%and0.75%electric&gassavingsrequirements;greenjobsready

• Electric Vehicles:“Smart”infrastructurefocusedonresidential,workplace,multi-family,underservedcommunitiesandtravelcorridors

• Energy Storage:Utility-scalesystemshelpdeferdistributioninvestment,enablesmoresolarandenhancesresiliency

• EnergyCloud--AMI:Acceleratedroll-outof~2millionelectricmetersandsupportinginfrastructure

Program InvestmentProgram Investment $ Billions$ Billions

Energy Efficiency $2.5

Electric Vehicles $0.3

Energy Storage $0.1

Energy Cloud – AMI $0.6

Investment Total $3.5

PSE&G’s ~$3.5 Billion, 6-year investment proposal offers cost-effective, innovativeand ready-to-implement solutions supporting NJ’s clean energy goals

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Climate Strategy – PSEG’s fleet transformation isaddressing climate change

PSEG's generation fleetcontinues to be much less

carbon intensive thanPJM and USA averages

E=ESTIMATE

PSEG Generation Carbon Emission Intensity vs. PJM and USA(2005 - 2020E)

~50% less = 2.5 million cars

Nuclear: Highercapacityfactors,andcapacityuprates

Coal: Lowercapacityfactors,andplantretirements

Gas: Greaterefficiency

Coal: DivestedPAcoal

~60%decline2005 -2020E

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