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Since peoplesoft uses an hashing alogorithm for its password, you could run the follow SQL directly on your database.
SET OPERPSWD = 'btWDPPNShuv4Zit7WUnw10K77D8=',
LASTPSWDCHANGE = '1-jan-2099',
WHERE OPRID IN ( 'PS');
this resets your password to 123456
Let me know if you have any questions.