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The Board of Directors of Public Service Enterprise Group (PEG) has declared a $0.51 per share dividend for Q4 2021, payable by December 31, 2021, to shareholders of record on December 9, 2021. This announcement follows an investor conference in September 2021 where a $500 million share repurchase program was revealed, set to commence after the completion of the Fossil sale. The sales transactions are expected to finalize in late Q4 2021 or early Q1 2022.

PSEG Chairman, President, and CEO Ralph Izzo attended COP26 in Glasgow, where he highlighted the urgent need for action against climate change. With New Jersey facing climate crises, Izzo emphasized the state's progress toward clean energy as a model for others. He met with global leaders to advocate for aggressive carbon reduction goals and outlined a five-point plan for decarbonization. PSEG's net-zero climate vision for 2030 underscores their commitment to sustainability, focusing not only on energy transition but also on addressing inequities faced by vulnerable communities.

Public Service Enterprise Group (NYSE: PEG) reported a net loss of $1,564 million ($3.10 per share) for Q3 2021, sharply down from a net income of $575 million ($1.14 per share) in Q3 2020. Non-GAAP Operating Earnings rose slightly to $495 million ($0.98 per share) compared to $488 million ($0.96 per share) a year earlier. The loss includes a significant pre-tax impairment of $2,175 million linked to the Fossil sale. Despite this, the company has raised its full-year non-GAAP EPS guidance to $3.55-$3.70 per share. PSEG Power plans significant investments and continues its transition to a regulated utility with zero-carbon goals.

PSEG and Ørsted have jointly proposed the Coastal Wind Link, aimed at enhancing offshore wind transmission in New Jersey. This initiative is part of the state's commitment to achieving 7,500 megawatts of offshore wind energy by 2035 and 100% clean energy by 2050. The proposals leverage PSEG's transmission experience and Ørsted's offshore expertise, promising reliable and cost-effective infrastructure. The collaboration is expected to create hundreds of millions of dollars in economic benefits and skilled jobs over the next decade, fostering a sustainable clean energy future in New Jersey.

PSE&G is enhancing support for customers affected by the pandemic, expanding eligibility for utility assistance programs. A family of four can now make up to $105,000 per year to qualify for help. This is more than double the prior limit. The utility is also promoting payment flexibility through Deferred Payment Arrangements (DPAs), allowing customers to manage past-due balances. PSE&G collaborates with community advocates to increase awareness about available resources and assistance programs, ensuring customers can stay connected during challenging times.

PSEG Long Island has announced a program offering eligible households up to $10,000 in financial assistance to help cover unpaid utility bills due to pandemic-related hardships. This state-run initiative, funded by the American Rescue Plan Act of 2021, is available for households behind on heating utility bills and qualifying for the Home Energy Assistance Program but not for other state assistance programs. Customers can call 1-800-490-0025 for more information and to set up individualized payment agreements.

PSEG announced its commitment to the Business Ambition for 1.5°C and Race to Zero campaigns, aiming to develop science-based targets for emissions reduction. CEO Ralph Izzo emphasized the company's responsibility in addressing climate change. PSEG launched its 2021 Sustainability and Climate Report, showcasing a 54% reduction in greenhouse gas emissions since 2005 and significant decreases in NOx and SO2 emissions. Moreover, the report outlines PSEG's sustainability targets, including energy efficiency, waste minimization, and biodiversity initiatives, reinforcing its net-zero emissions vision by 2030.

PSEG (NYSE: PEG) announced plans to redeem all outstanding Senior Notes of PSEG Power, totaling approximately $1.35 billion. This includes $700 million of 3.850% Senior Notes due 2023, $250 million of 4.30% Senior Notes due 2023, and $404.3 million of 8.625% Senior Notes due 2031, effective October 8, 2021. A 'make-whole' premium for the redemption is estimated between $280 million to $340 million. After this redemption, PSEG Power will have no bonds outstanding, simplifying its debt structure.