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Public Service Enterprise Group Inc (PEG.N)

PEG.N on New York Stock Exchange

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22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Public Service Enterprise Group Says Outlined A Plan To Invest $14 Bln To $17 Bln Over Next 5 Years
Thursday, 31 May 2018 

May 31 (Reuters) - Public Service Enterprise Group Inc ::OUTLINED A PLAN TO INVEST $14 BILLION TO $17 BILLION OVER NEXT FIVE YEARS.PUBLIC SERVICE ENTERPRISE GROUP- PROGRAM INCLUDES PROPOSAL TO INVEST $2.9 BILLION IN ENERGY EFFICIENCY, ELECTRIC VEHICLE INFRASTRUCTURE AND ENERGY STORAGE.INVESTMENT PROGRAM ALSO INCLUDES PROPOSAL TO INVEST $2.5 BILLION TO EXTEND ENERGY STRONG PROGRAM.PUBLIC SERVICE ENTERPRISE GROUP - INFRASTRUCTURE PROGRAM PROVIDES OPPORTUNITY FOR ANNUAL GROWTH OF 8 TO 10 PERCENT IN CO'S RATE BASE.  Full Article

PSE&G Reaches Agreement With NJ BPU Staff And Rate Counsel On Next Phase Of Gas Infrastructure Replacement
Monday, 23 Apr 2018 

April 23 (Reuters) - Public Service Enterprise Group Inc ::PSE&G REACHES AGREEMENT WITH NJ BPU STAFF AND RATE COUNSEL ON NEXT PHASE OF GAS INFRASTRUCTURE REPLACEMENT.PUBLIC SERVICE ELECTRIC AND GAS - $1.875 BILLION SETTLEMENT WITH STAFF OF NEW JERSEY BPU, NEW JERSEY DIVISION OF RATE COUNSEL, OTHER PARTIES.PUBLIC SERVICE ELECTRIC AND GAS - SETTLEMENT TO CONTINUE ACCELERATED REPLACEMENT OF AGING GAS PIPES.PUBLIC SERVICE ELECTRIC AND GAS - SETTLEMENT AGREEMENT IS PENDING APPROVAL BY BPU.PUBLIC SERVICE ELECTRIC AND GAS - CO'S ROE ON INVESTMENT TO BE DETERMINED AS PART OF UTILITY'S BASE DISTRIBUTION RATE REVIEW CURRENTLY UNDER WAY.PUBLIC SERVICE ELECTRIC AND GAS - SETTLEMENT ENABLES UTILITY TO REPLACE 875 MILES OF GAS MAINS OVER 5-YEAR PERIOD.  Full Article

Public Service Electric & Gas Says ‍Beginning In 2018, PSEG, On Consolidated Basis, Will Incur Lower Income Tax Expense
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Public Service Enterprise Group Inc ::PUBLIC SERVICE ELECTRIC & GAS SAYS ‍BEGINNING IN 2018, PSEG, ON CONSOLIDATED BASIS, WILL INCUR LOWER INCOME TAX EXPENSE - SEC FILING.PUBLIC SERVICE ELECTRIC & GAS-WITH TAX CUTS&JOBS ACT, SEES TO RECORD A ONE-TIME,NON-CASH EARNINGS BENEFIT IN RANGE OF $660 MILLION TO $850 MILLION IN FY 2017.PUBLIC SERVICE ELECTRIC & GAS- CO EXPECTS TO HAVE EXCESS DEFERRED TAXES IN RANGE OF $1.8 BILLION TO $2.2 BILLION IN FY 2017.  Full Article

Salem, Hope Creek Nuclear Plants Not Impacted By Delaware Quake -PSEG
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - PUBLIC SERVICE ENTERPRISE GROUP ::PSEG SAYS SALEM, HOPE CREEK NUCLEAR PLANTS NOT IMPACTED BY EARTHQUAKE AT DOVER, DELAWARE; ALL THREE PLANTS REMAIN ONLINE.PSEG SAYS AS PART OF PLANT PROCEDURES EMPLOYEES ARE WALKING DOWN PLANT EQUIPMENT.  Full Article

PSE&G gets deadline extension approval for filing distribution base rate case proceeding
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Public Service Enterprise Group Inc ::Says New Jersey Board of Public Utilities approved deadline extension for filing PSE&G's distribution base rate case proceeding.Says filing of PSE&G's distribution base rate case proceeding to now be based on 5 months actual data, 7 months forecasted data​.Says New Jersey Board of Public Utilities approved deadline extension to February 1, 2018​ at meeting on Nov 21 - SEC filing.  Full Article

Public Service Enterprise Group Inc files for potential mixed shelf offering
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Public Service Enterprise Group Inc ::Public Service Enterprise Group Inc files for potential mixed shelf offering - SEC filing‍​.  Full Article

PSEG reports 2017 third quarter results
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Public Service Enterprise Group Inc :Pseg sees 2017 non-gaap operating earnings per share $2.80 to $3.00.Reports Q3 2017 net income of $395 million or $0.78 per share​.Says ‍non-gaap operating earnings guidance for full year remains unchanged​.Says PSEG ‍power continues to forecast output for 2017 of 49 - 50 twh​.Says for PSEG power forecast of output for 2018 and 2019 remains unchanged from prior estimates​.Reports ‍​qtrly operating revenues $2,263 million versus $2,450 million.Q3 revenue view $2.56 billion -- Thomson Reuters I/B/E/S.FY 2017 earnings per share view $2.92 -- Thomson Reuters I/B/E/S.  Full Article

Public Service Enterprise Group posts Q2 operating EPS $0.57
Friday, 29 Jul 2016 

Public Service Enterprise Group Inc : PSEG announces 2016 second quarter results . Q2 operating earnings per share $0.57 (not $0.18) . Operating earnings guidance for full year remains unchanged . Q2 earnings per share view $0.58 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.37 . Reaffirms FY 2016 operating earnings per share view $2.80 to $3.00 . Sees PSEG Power's 2016 operating earnings in the range of $460 million - $525 million . Sees 2016 PSE&G operating earnings $900 - $935 mln .PSEG Power is reducing its forecast of output for 2016 to 50 - 52 twh from its prior forecast of 52 - 54 twh.  Full Article

BRIEF-Public Service Enterprise Group reports Q2 earnings per share $0.37
Friday, 29 Jul 2016 

Corrects second bullet to say FY operating earnings guidance, not total company guidance, is unchanged. Also corrects Q2 operating EPS in fourth bullet to $0.57 from $0.18.Public Service Enterprise Group Inc : Sees 2016 PSE&G operating Earnings $900-$935 million . Operating earnings guidance for full year remains unchanged . PSEG announces 2016 second quarter results . Q2 operating earnings per share $0.57 . Q2 earnings per share view $0.58 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.37 . Reaffirms FY 2016 operating earnings per share view $2.80 to $3.00 . Sees PSEG power's 2016 operating earnings in the range of $460 million - $525 million .PSEG power is reducing its forecast of output for 2016 to 50 - 52 twh from its prior forecast of 52 - 54 twh.  Full Article

U.S. subsidies may not save some coal, nuclear plants slated for closure

June 6 Several major U.S. operators of nuclear reactors and coal plants said they had not changed plans to close plants in coming years, even after the White House said it would take emergency steps to subsidize struggling operators.