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Public Service Enterprise Group Incorporated reports recurring developments for a predominantly regulated infrastructure company centered on PSE&G, New Jersey's largest transmission and distribution utility. Company updates commonly cover operating and financial results, earnings guidance, capital investments, regulatory proceedings, quarterly dividends and reliability during extreme weather events.
PSEG disclosures also address its independent carbon-free baseload nuclear generating fleet in New Jersey and Pennsylvania, PSEG Long Island's operation of the Long Island Power Authority transmission and distribution system, and PSE&G programs tied to energy efficiency, customer service, transmission-cost allocation and community impact.
Public Service Enterprise Group (PSEG) is set to announce its fourth-quarter and full year 2022 financial results on February 21, 2023, at 11:00 a.m. ET. This earnings call will provide insights into the company's performance and other significant matters. The event can be accessed via the PSEG Investor Relations website, where a replay will be available after February 22. PSEG is focused on a clean energy future, emphasizing its commitment to sustainability and net-zero goals.
Public Service Enterprise Group (PSEG) announced plans to sell its 25% equity stake in the Ocean Wind 1 offshore wind energy project to Ørsted, resulting in Ørsted obtaining full ownership. This decision is aligned with the project's tax optimization goals, as noted by PSEG's leadership. PSEG will assist with onshore infrastructure construction while maintaining commitment to New Jersey's clean energy goals and initiatives. The transaction is anticipated to close in the first half of 2023, with power delivery expected by late 2024 and project commissioning in 2025.
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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.