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PSEG Long Island has spent a decade fortifying its electric infrastructure against extreme weather, resulting in a resilient grid. The company unveiled a Climate Change Resilience Plan to prepare for future risks. Through storm-hardening efforts and a proactive study, PSEG Long Island aims to enhance reliability and address climate change challenges.
Essential Utilities Inc. (NYSE: WTRG) welcomes Christopher Bruner and Tamara Linde to its board of directors. Bruner, an Assurance Partner at Ernst & Young, brings 36 years of experience and will chair the audit committee. Linde, the Executive Vice President and General Counsel at Public Service Enterprise Group, has over 30 years of experience in the energy industry. Both have impressive backgrounds and will contribute significantly to Essential Utilities' governance.
PSEG Long Island has been honored for its innovative Time-of-Use program that lowered customer bills by an average of 10% and shifted 4-5% of electricity load out of peak hours. The success of the program led to a full-scale rollout to all 1.2 million customers starting in 2024. By focusing on customer research and personalized marketing initiatives, PSEG Long Island exceeded expectations and set a promising future.
Public Service Enterprise Group (PSEG) announced its first quarter 2024 results, reporting $1.06 per share net income and $1.31 per share non-GAAP operating earnings. The company reaffirmed its 2024 non-GAAP operating earnings guidance of $3.60 - $3.70 per share. PSEG's CEO, Ralph LaRossa, highlighted the positive performance in the first quarter, emphasizing rate base growth, nuclear production tax credit benefits, and plans for future growth through energy infrastructure investments.
