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PSEG Revises Executive Severance and Compensation Plans

Public Service Enterprise ( ($PEG) ) has provided an update.

In a recent update to its compensation plans, PSEG’s Organization and Compensation Committee has revised its Key Executive Severance Plan and Deferred Compensation Plan, effective November 18, 2024. These amendments expand eligibility for certain executive positions and provide alternative benefits options for highly-compensated non-officer employees. This move aims to enhance PSEG’s competitive edge and flexibility in employee compensation offerings.

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