# Public Service Enterprise Group Nuclear Decommissioning Trust

Public Service Enterprise Group Nuclear Decommissioning Trust is a Trust based in Newark, United States.

## Overview

- **Organization type:** Trust
- **Headquarters:** Newark, United States
- **Region:** North America
- **Address:** Newark, NJ, United States
- **Founded:** 1903
- **Assets under management:** Undisclosed
- **Website:** www.pseg.com
- **LinkedIn:** https://www.linkedin.com/company/pseg

## Regulatory record

- **Reports private funds:** No

## About

Public Service Enterprise Group Nuclear Decommissioning Trust is a US-based investment trust in Newark. It manages approximately $2.8 billion in assets, primarily focused on North America.

## Sectors

- Infrastructure
- Energy Transition & Renewables
- Real Estate
- Private Credit

## People

- Ralph LaRossa — Chair, President and CEO of PSEG
- Grace H. Park — EVP and General Counsel of PSEG
- Charles McFeaters — President and Chief Nuclear Officer of PSEG Nuclear

## Questions

### What is the legal origin and purpose of the PSEG Nuclear Decommissioning Trust?

The trust is mandated by the Nuclear Regulatory Commission and state utility regulators to pre-fund the eventual shutdown, dismantlement, and site restoration of PSEG's nuclear generating stations. Its purpose is to ensure that the substantial costs of decommissioning are paid by current ratepayers rather than deferred to future generations. PSEG Power LLC acts as the sponsor, collecting contributions through utility rates and directing them into the trust, which is overseen by PSEG's senior leadership team.

### Is the trust's asset allocation publicly disclosed in detail?

No. PSEG does not publicly itemize the trust's specific holdings or exact manager roster. Investment disclosures appear in aggregate within PSEG's annual financial statements, which confirm funding status relative to decommissioning liability estimates. Regulatory filings with the Nuclear Regulatory Commission and New Jersey Board of Public Utilities provide periodic funding adequacy assessments but not granular portfolio composition.

### Does the trust participate in direct infrastructure or energy-transition investments?

While the trust holds real estate and private credit alongside fixed income and public equities, its mandate is tied to decommissioning existing nuclear facilities rather than building new energy assets. Any alternative investment exposure is incidental to the liability-matching mission, not a proactive energy-transition strategy. PSEG's broader corporate and foundation activities engage in sustainability efforts separately from the trust.

### How does the PSEG Foundation relate to the decommissioning trust?

The PSEG Foundation is a separate philanthropic entity entirely walled off from the decommissioning trust. Foundation assets fund community and charitable programs and cannot be tapped to cover nuclear decommissioning obligations. This structural separation ensures that ratepayer-contributed funds remain ring-fenced for their regulatory purpose.

## Related profiles

- [PS Capital Partners](https://altss.com/profile/ps-capital-partners)
- [Pulsar Capital Management](https://altss.com/profile/pulsar-capital-management)

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Last updated: 2026-06-03T20:00:00.000Z

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