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United States. Federal Energy Regulatory Commission

Public Service Electric and Gas Company Submits 2026 Formula Rate Annual Update to Federal Energy Regulatory Commission

Strategic Insights

— 1 min read

The Public Service Electric and Gas Company has submitted its 2026 Formula Rate Annual Update to the Federal Energy Regulatory Commission (FERC), outlining the company's transmission revenue requirement for the 2026 calendar year. This filing is a routine update to the company's formula rate, which is used to determine the revenue requirement for its transmission services. The update includes a true-up adjustment for the 2024 rate year, which involves subtracting $6,469 from the 2024 true-up revenue requirement.

Key Takeaways:

  • The 2026 Formula Rate Annual Update sets forth PSE&G's annual transmission revenue requirement for the period from January 1, 2026 through December 31, 2026.
  • The update includes a True-up Adjustment for the 2024 Rate Year, which involves subtracting $6,469 from the 2024 true-up revenue requirement.
  • The update is submitted in accordance with PSE&G's Formula Rate Implementation Protocols and includes a copy of the 2026 Annual Update formula rate template and additional supporting information.
  • The filing is intended for informational purposes only and no action by the Commission is required.
  • The document is submitted electronically to the FERC and a copy is provided to PJM for posting on the PJM website.

Statistics:

  • The transmission revenue requirement for 2026 is calculated to be a certain amount (specific amount not specified in the document).
  • The True-up Adjustment for the 2024 Rate Year involves subtracting $6,469 from the 2024 true-up revenue requirement.
  • The amount of the adjustment to Account 566 that should have been excluded from recovery under PSE&G's transmission formula rate is $5,475 with interest of $994, for a total of $6,469.

Sources:

  • Public Service Electric and Gas Company, Attachment H-10B of the PJM Interconnection, L.L.C. ("PJM") Open Access Transmission Tariff ("OATT" or "Tariff"), Section 2.
  • Public Service Electric and Gas Company, Attachment H-10B of the PJM Interconnection, L.L.C. ("PJM") Open Access Transmission Tariff ("OATT" or "Tariff"), Section 1(b) and Section 1(d).
  • Public Service Electric and Gas Company, 2023 Annual Transmission Formula Rate True-Up Adjustment Filing, Docket No. ER09-1257, Transmittal Letter (June 16, 2025).
  • FERC, 2026 Formula Rate Annual Update, Docket No. ER09-1257, Exhibit 1.
  • FERC, 2026 Formula Rate Annual Update, Docket No. ER09-1257, Workpaper 1.

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