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Public Service Enterprise Group (PSEG) will announce its third-quarter 2022 financial results on October 31, during a call at 11:00 a.m. ET. This earnings call will cover key financial metrics and business developments. Investors can access the live audio webcast on PSEG's Investor Relations website, with a replay available by November 1. PSEG is committed to a clean energy future, guided by its Powering Progress vision, focusing on sustainability and reducing emissions.

PSEG President and CEO Ralph LaRossa received the 2022 Distinguished Service Award from the American Gas Association (AGA) on October 10, 2022. This award honors leaders committed to enhancing customer lives through innovation and community service. LaRossa, who has been with PSEG since 1985, emphasized the importance of clean energy and workforce diversity. Under his leadership, PSEG implemented the Gas System Modernization Program to improve service reliability and reduce emissions. The company also received three AGA awards in 2022 for safety and leadership in the gas industry.

PSEG has announced Ralph LaRossa as the new president and CEO, effective September 1, 2022, as part of a leadership succession plan. Ralph Izzo transitions to executive chair, maintaining his role until December 31, 2022. LaRossa brings over three decades of experience within PSEG, steering the company towards a sustainable energy future. He emphasizes PSEG's commitment to deliver cleaner, safer, and more reliable energy, addressing climate change challenges and enhancing infrastructure. This leadership change aims to continue PSEG's progress in energy efficiency and environmental goals.

Public Service Enterprise Group (NYSE: PEG) reported a net income of $131 million, or $0.26 per share, for Q2 2022, recovering from a net loss of $177 million in Q2 2021. Non-GAAP operating earnings were $320 million, or $0.64 per share, down from $356 million in the previous year. The company reaffirms its 2022 guidance of non-GAAP operating earnings between $3.35 and $3.55 per share. PSEG plans to invest $511 million in its Infrastructure Advancement Program to enhance system reliability and support New Jersey's clean energy goals.

The Board of Directors of Public Service Enterprise Group (NYSE:PEG) has declared a $0.54 per share dividend for Q3 2022. This dividend will be payable by September 30, 2022, to shareholders of record by September 9, 2022. The announcement emphasizes the company's commitment to returning value to its shareholders. Forward-looking statements are cautioned as they are subject to risks and uncertainties that could affect actual results.

PSEG Long Island is resuming utility service shutoffs for nonpayment in New York State starting July 12, 2022, after more than two years. The company reassures low- and moderate-income customers that they can access various assistance programs to avoid disconnections. Options include deferred payment agreements, low-income rates, and the New York State Electric and Gas Bill Relief Program, benefiting over 14,000 customers. PSEG emphasizes they prioritize customer outreach and support, having connected with 47,000 customers to discuss payment plans and options to prevent shutoffs.

The New Jersey Board of Public Utilities has approved PSE&G's Infrastructure Advancement Program, enabling a $511 million investment over four years to enhance electric distribution reliability and support the transition to electric vehicles (EVs). This initiative aims to modernize aging infrastructure, including substations and natural gas stations, creating hundreds of jobs and stimulating the local economy. The plan will result in a modest bill increase of about $1.50 monthly for customers in 2026. PSE&G is recognized for its efforts in improving reliability and sustainability.

PSEG Long Island announces its preparations for the summer of 2022, emphasizing enhancements to its electric infrastructure and readiness for hurricane season. Key upgrades include new transformers, feeder lines, and storm hardening programs. Over 1,000 miles of circuits have been storm-hardened since 2014, leading to a 44% reduction in damage-related outages. The company remains committed to ensuring reliable electric service amid extreme weather conditions, with ongoing training and emergency plans for its workforce.

Public Service Enterprise Group (NYSE: PEG) reported a net loss of $2 million or less than $0.01 per share for Q1 2022, a significant drop from a net income of $648 million or $1.28 per share in Q1 2021. This decline was primarily due to $674 million in mark-to-market adjustments. However, non-GAAP operating earnings rose to $672 million or $1.33 per share, up from $650 million or $1.28 per share year-on-year. The company reaffirmed its 2022 non-GAAP operating earnings guidance of $3.35 - $3.55 per share and announced CEO leadership succession starting September 1, 2022.