---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-009877"
form_type: "8-K"
ticker: "PEG"
cik: "0000788784"
company_name: "PUBLIC SERVICE ENTERPRISE GROUP INC"
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:22:20.427162+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PSEG to sell its 25% equity interest in Ocean Wind 1 to Ørsted; close expected H1 2023

## Summary
- PSEG sells its 25% equity stake in the 1,100 MW Ocean Wind 1 offshore wind project to Ørsted.
- PSEG will continue to support onshore infrastructure construction for the project.
- Transaction expected to close in first half of 2023; initial power delivery end of 2024.
- No financial terms disclosed; PSEG cites optimized tax structure as reason for sale.
- PSEG remains committed to New Jersey offshore wind through transmission and other investments.

## SEC filing metadata
- accession: 0001193125-23-009877
- form_type: 8-K
- ticker: PEG
- cik: 0000788784
- company_name: PUBLIC SERVICE ENTERPRISE GROUP INC
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788784/000119312523009877/0001193125-23-009877-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788784/000119312523009877/d445261d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-009877
- JSON: https://secwatch.observer/filing/0001193125-23-009877.json
- Plain text: https://secwatch.observer/filing/0001193125-23-009877.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.