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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 (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.
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.
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