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$3.54 PER SHARE NET INCOME
$3.68 PER SHARE NON-GAAP OPERATING EARNINGS
Initiates 2025 Non-GAAP Operating Earnings Guidance of $3.94 - $4.06 Per Share, midpoint up ~9% over 2024 resultsExtends PSEG's 5% - 7% Non-GAAP Operating Earnings CAGR for 2025-2029, at the Production Tax Credit threshold, from higher 2025 midpoint Raises PSEG's 2025 - 2029 Capital Spending Plan to $22.5 billion - $26 billion, up by $3.5 billion from prior planTargets PSE&G Rate Base CAGR of 6% - 7.5% for 2025-2029, from ~12% higher YE 2024 balanceIndicative Annual Dividend Rate Increases by 5% to $2.52 Per Share
PSEG's 118th Year of Paying a Common Dividend to Shareholders
NEWARK, N.J., Feb. 11, 2025 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE: PEG) today declared a $0.63 per share quarterly common stock dividend for the first quarter of 2025, payable on or before March 31, 2025, to shareholders of record on March 10, 2025. This action represents an increase of $0.03 per share in the company's quarterly common stock dividend, bringing the 2025 indicative annual rate to $2.52 per share.
NEWARK, N.J., Feb. 4, 2025 /PRNewswire/ -- Public Service Enterprise Group Incorporated (PSEG) will host its fourth quarter and full year 2024 earnings call at 11:00 a.m. ET on Tuesday, February 25, during which management will discuss fourth quarter and year end financial results, financial guidance, capital investments, regulatory activities, and other important matters.
The audio webcast can be accessed at that time, along with accompanying presentation materials, on the Investor News and Events section of PSEG's Investor Relations website at https://investor.pseg.com.
Second Dual Win Continues Legacy of Excellence
NEWARK, N.J., Jan. 6, 2025 /PRNewswire/ -- Public Service Electric & Gas (PSE&G), New Jersey's largest utility, is proud to announce that J.D. Power has recognized PSE&G as the top utility for residential customer satisfaction in both the electric and gas customer service categories in the East Large Segment for 2024. This achievement marks the second time PSE&G has earned this prestigious dual recognition for its residential customer satisfaction.
The Neighborhood Partners Program has supported over 400 nonprofits in 14 counties across New Jersey and Long Island
NEWARK, N.J., Dec. 16, 2024 /PRNewswire/ -- The PSEG Foundation celebrated a decade of community impact through its Neighborhood Partners Program (NPP), hosting a special event to honor more than 400 nonprofit organizations that have received nearly $8 million in grants since the program's inception. This year, the program set new records, with an 11% increase in applications and $1.2 million in total giving—a 20% rise from last year's $1 million.
NEWARK, N.J., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.60 per share dividend on the outstanding common stock of the company for the fourth quarter of 2024.
All dividends for the fourth quarter are payable on or before December 31, 2024, to shareholders of record on December 10, 2024.
About PSEG
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, PSEG aims to power a future where people use less energy, and it's cleaner, safer and delivered more reliably than ever. With a continued focus on sustainability, PSEG has appeared on the Dow Jones Sustainability North America Index for 16 consecutive years. PSEG is included on the 2023-2024 list of U.S. News' Best Companies to Work For. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).
PSE&G receives the 2024 ReliabilityOne® Award for Outstanding Metropolitan Service Area Reliability Performance in the Mid-Atlantic Region for the 23rd consecutive year and the 2024 ReliabilityOne® Outstanding Customer Engagement Award
NEWARK, N.J., Nov. 14, 2024 /PRNewswire/ -- Public Service Electric & Gas, New Jersey's largest utility, is the recipient of the 2024 ReliabilityOne® Award for Outstanding Reliability Performance in the Mid-Atlantic Metropolitan Service Area. For the second consecutive year, PSE&G also received the 2024 ReliabilityOne® Outstanding Customer Engagement Award nationally. ReliabilityOne® Awards are given annually to the utilities that have achieved outstanding reliability performance and have excelled in delivering the most reliable electric service to their customers.
Company reminds those struggling with bills that state programs are available
UNIONDALE, N.Y., Nov. 4, 2024 /PRNewswire/ -- As winter heating season approaches, PSEG Long Island reminds customers that programs exist to help people struggling with utility bills. There are also many ways they can lower their bills by using energy wisely.
"While PSEG Long Island is not a provider of natural gas or heating oil, we want all of our customers to be able to keep their homes warm this winter," said Lou DeBrino, PSEG Long Island's vice president of Customer Operations. "To help customers manage their electricity expenses, we offer resources, tips and a variety of energy efficiency programs. There are also state programs that can help with heating costs. We know some customers are struggling to pay bills, and we encourage them to reach out to us to enroll in a deferred payment agreement and learn about available financial assistance programs. We're here to help."
$1.04 PER SHARE NET INCOME
$0.90 PER SHARE NON-GAAP OPERATING EARNINGS
PSE&G Distribution Base Rate Case Settlement Approved and Implemented
PSE&G's Energy Efficiency Programs Expanded and Extended
PSEG Narrows Full-Year 2024 Non-GAAP Operating Earnings Guidance
NEWARK, N.J., Nov. 4, 2024 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported the following results for the third quarter of 2024:
$4 Billion in Projected Lifetime Bill Savings for Participating Customers
NEWARK, N.J., Oct. 30, 2024 /PRNewswire/ -- PSE&G today announced the approval of its Clean Energy Future - Energy Efficiency II Program (CEF-EE II) by the New Jersey Board of Public Utilities (NJBPU). Spanning from January 2025 to June 2027, this next program cycle is designed to continue delivering energy efficiency programs and measures to help New Jersey residents and businesses save energy, reduce utility costs and lower carbon emissions.