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Public Service Enterprise Group Inc. (PSEG) (NYSE: PEG) delivers essential energy services to 2.3 million electric and 1.9 million gas customers across New Jersey and New York while advancing clean energy solutions through nuclear generation and solar projects. This news hub provides investors and stakeholders with direct access to official company announcements and market-moving developments.
Track PSEG's quarterly earnings reports, regulatory filings with state commissions, and progress on major infrastructure initiatives like grid modernization programs. Discover updates on nuclear plant operations, renewable energy investments, and partnerships supporting New Jersey's Energy Master Plan.
Key content categories include dividend declarations, rate case decisions, sustainability reports, and operational milestones across PSEG Power's generation fleet. All materials are sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to PSEG's latest strategic moves in balancing reliable energy delivery with environmental stewardship goals. Monitor critical updates affecting one of the Northeast's most significant energy providers through verified primary sources.
Public Service Enterprise Group (NYSE:PEG) has announced its regular quarterly dividend for the third quarter of 2024. The Board of Directors declared a dividend of $0.60 per share on the company's outstanding common stock. This dividend will be payable on or before September 30, 2024, to shareholders of record as of September 9, 2024. This announcement demonstrates PSEG's commitment to providing consistent returns to its shareholders, maintaining its dividend payment schedule.
PSE&G's recent report on its Clean Energy Future Energy Efficiency (CEF-EE) initiatives reveals impressive outcomes. Over 380,000 customers have engaged with energy efficiency programs, resulting in projected annual savings of $484 million on utility bills. The initiatives include approximately 70,000 home energy assessments, sales of 306,000 smart thermostats, 95,000 power strips, and 97,000 retail appliance rebates.
Electric customers are expected to save over 2.1 million megawatt-hours annually, enough to power 312,000 homes, while natural gas savings are projected at 57 million therms. Collectively, these efforts aim to avoid 1.6 million metric tons of CO2 emissions yearly.
Commercial and industrial programs, such as the Small Business Direct Install Program, have saved business customers around $12 million in utility bills annually, along with significant energy savings. The Clean Energy Jobs Program has placed over 2,500 individuals in clean energy roles.
PSE&G's energy efficiency efforts have earned over 50 awards since 2021, including the 2024 ENERGY STAR® Partner of the Year Award for Sustained Excellence.
Public Service Enterprise Group (PSEG) announced that it will release its second quarter 2024 financial results on July 30, 2024. The earnings call will take place at 11:00 a.m. ET, where management will discuss the financial outcomes, guidance, capital investments, and regulatory activities. Interested parties can access the live audio webcast and presentation materials on PSEG's Investor Relations website. A replay of the webcast will be available by July 31 on the same platform.
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.
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