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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.
PSEG Long Island has issued a warning to customers regarding scam calls threatening immediate power shut-offs. During National Consumer Protection Week (March 5-11), the company highlighted the urgency for customers to verify such claims by contacting them directly at 1-800-490-0025 instead of following any payment demands from callers. Over 2,500 scam reports were recorded in 2022, with scammers often requesting payment through illegitimate methods. The company reassured customers that they will not request specific payment methods and provided crucial tips to identify scams.
PSE&G has filed for a $2.54 billion extension of its Gas System Modernization Program (GSMP) with New Jersey regulators, aimed at modernizing infrastructure and reducing greenhouse gas emissions. This initiative seeks to replace aging pipes, cut CO2e emissions by over 145,000 metric tons, and introduce renewable natural gas and hydrogen into the system. GSMP III is projected to continue until 2027, modernizing approximately 860 miles of cast iron and 200 miles of unprotected steel pipes. The program supports local job creation and affordability, while increasing residential gas bills by an estimated 3% annually during its duration.
Public Service Enterprise Group (PSEG), trading under NYSE: PEG, will host its 2023 investor conference on March 10, 2023, from 9 a.m. to 12 noon in Newark, N.J. The event will be accessible via a live video webcast, with presentation materials available on PSEG's Investor Relations website. A replay will be available by March 13, 2023. PSEG is focused on a clean energy future, driven by its Powering Progress vision, which aims for less and cleaner energy that is delivered reliably. The company is committed to ESG and sustainability initiatives, including a net-zero 2030 climate vision and is listed on the Dow Jones Sustainability North America Index.
Public Service Enterprise Group (PSEG) reported full-year 2022 net income of $1,031 million ($2.06 per share), recovering from a net loss of $648 million in 2021. Non-GAAP operating earnings for 2022 were $1,739 million ($3.47 per share), down from $1,853 million in 2021. For Q4 2022, net income rose to $788 million ($1.58 per share) from $445 million in Q4 2021. PSEG narrowed its 2023 non-GAAP operating earnings guidance to $3.40-$3.50 per share. PSEG's long-term earnings growth outlook is affirmed at 5%-7% through 2027. Key strategic initiatives include significant capital investments and a commitment to sustainability, bolstered by regulatory support.
The Board of Directors of Public Service Enterprise Group (NYSE:PEG) has declared a quarterly common stock dividend of
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.
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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