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Public Service Enterprise Group Incorporated (PSEG) (NYSE: PEG) generates frequent news as a predominantly regulated infrastructure company operating in the utilities sector. Through its subsidiaries Public Service Electric & Gas Co. (PSE&G), PSEG Power and PSEG Long Island, the company reports on developments in electric and gas delivery, nuclear generation, customer programs and regulatory matters.
News about PSEG often includes financial results and earnings guidance, as reflected in quarterly announcements furnished on Form 8-K. These updates cover segment performance for PSE&G and PSEG Power & Other, capital investment in New Jersey’s energy infrastructure, and commentary on regulatory and market conditions that affect customers and operations.
Another major theme in PSEG news is customer satisfaction and reliability. PSE&G has been recognized by J.D. Power for residential customer satisfaction among large electric utilities in the East Region, and for gas service, while also earning the ReliabilityOne Award for superior electric system reliability in the Mid-Atlantic region. PSEG Long Island has reported top rankings in the J.D. Power Electric Utility Business Customer Satisfaction Study in the East Large Segment, highlighting improvements in customer experience for business customers on Long Island and in the Rockaways.
PSEG news releases also highlight contract developments and operational milestones, such as the Long Island Power Authority Board of Trustees’ approval of a five-year contract extension for PSEG Long Island as operations service provider through 2030, and the New York State comptroller’s approval of the associated operations services agreement extension.
In addition, PSEG and the PSEG Foundation issue news about community and affordability initiatives, including grant programs that support food banks, housing assistance, and energy assistance organizations. PSE&G and PSEG Long Island also publicize customer assistance events and energy efficiency programs aimed at helping households and businesses manage energy use and costs.
Investors and observers can use this news feed to follow PSEG’s earnings announcements, regulatory and contract updates, customer satisfaction recognition, and community-focused initiatives across New Jersey and Long Island.
PSE&G has achieved top rankings in the J.D. Power 2022 Residential Customer Satisfaction Studies, being the first utility in the East to rank highest in both gas and electric customer satisfaction. Serving 2.3 million electric and 1.9 million gas customers in New Jersey, PSE&G excelled in all six categories measured, including billing, price, and reliability. The study, which surveyed over 100,000 electric utility customers and 57,000 gas customers, underscores PSE&G’s commitment to customer satisfaction and effective communication strategies.
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The Board of Directors of Public Service Enterprise Group (NYSE:PEG) has declared a $0.54 per share dividend for the fourth quarter of 2022. This dividend is payable on or before December 30, 2022, to shareholders of record by December 9, 2022. The announcement underscores the company's commitment to returning value to its shareholders.
Investors are encouraged to stay updated through the company's Investor Relations website for further developments and financial disclosures.
Public Service Enterprise Group (NYSE: PEG) will engage with investors at the 2022 EEI Financial Conference from November 13 to 15, 2022. CEO Ralph LaRossa and CFO Dan Cregg will present key information, including the company's 2023 non-GAAP Operating Earnings guidance and the long-term non-GAAP Operating Earnings CAGR. Meeting materials will be available on PSEG's Investor Relations website starting November 11.
PSEG aims for a net-zero climate vision by 2030, highlighting its commitment to sustainability.
Public Service Enterprise Group (NYSE: PEG) reported a net income of $114 million, or $0.22 per share, for Q3 2022, a significant recovery from a net loss of $1,564 million in the same quarter last year. The company’s non-GAAP operating earnings were reported at $429 million, or $0.86 per share. The 2022 earnings guidance has been narrowed to $3.40 - $3.50 per share. PSEG remains committed to growth through strategic investments in infrastructure and clean energy initiatives. The company also noted the impact of the Inflation Reduction Act on revenue stability for its nuclear fleet.
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.