In our view, the introduction of production tax credits (PTCs) included in the Inflation Reduction Act (IRA) approved in 2022 will continue to support PSEG Power LLC's (Power) cash flow profile. PTCs will provide longer-term visibility than the zero emission certificates (ZECs) that Power already receives. At the same time, Power's operational scale is smaller than that of other nuclear plant operators following the sale of its fossil fuel portfolio. Therefore, S&P Global Ratings affirmed its 'BBB' rating on Power. The stable outlook reflects our view that Power will remain strategically important to its parent, PSEG, and our expectation that Power will continue to generate stable cash flow. The stable outlook on Power reflects our view of the company as
