Public Service Enterprise Group (PEG) said on Tuesday that the New York State comptroller has granted final approval for a five-year extension of its operations service's agreement with the Long Island Power Authority.
The extension runs from January 1, 2026 through December 31, 2030, continuing PSEG Long Island's operation of the electric grid on Long Island and in the Rockaways.
PSEG also named Scott Jennings as president and chief operating officer of PSEG Long Island, effective January 5, 2026, succeeding interim leader David Lyons.
PEG is currently trading at $80.66, down $0.03 or 0.04 percent on the New York Stock Exchange.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.