Edition:
United Kingdom

Public Service Enterprise Group Inc (PEG.N)

PEG.N on New York Stock Exchange

53.20USD
18 Dec 2018
Change (% chg)

$-0.21 (-0.39%)
Prev Close
$53.41
Open
$53.52
Day's High
$54.03
Day's Low
$52.92
Volume
1,055,564
Avg. Vol
806,681
52-wk High
$56.67
52-wk Low
$46.19

Latest Key Developments (Source: Significant Developments)

Agreement Reached In PSE&G Base Rate Review To Keep Customer Bills Stable And 30 Pct Lower Than In 2008
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Public Service Enterprise Group Inc ::AGREEMENT REACHED IN PSE&G BASE RATE REVIEW WOULD KEEP CUSTOMER BILLS STABLE AND 30 PERCENT LOWER THAN IN 2008.PUBLIC SERVICE ENTERPRISE GROUP INC - AGREEMENT PROVIDES FOR A NET $13 MILLION REDUCTION IN ANNUAL REVENUES.PUBLIC SERVICE ENTERPRISE - WILL RECEIVE AN ADDITIONAL $212 MILLION IN ANNUAL REVENUES BUT RETURN $225 MILLION IN TAX SAVINGS DUE LARGELY TO TAX REFORM.PUBLIC SERVICE ENTERPRISE - REACHED SETTLEMENT WITH NEW JERSEY BOARD OF PUBLIC UTILITIES, NEW JERSEY DIVISION OF RATE COUNSEL AND OTHER PARTIES.  Full Article

PSEG Inc Announces 2018 Second Quarter Results
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Public Service Enterprise Group Inc ::PSEG ANNOUNCES 2018 SECOND QUARTER RESULTS.PUBLIC SERVICE ENTERPRISE GROUP INC QTRLY EARNINGS PER SHARE $0.53.PUBLIC SERVICE ENTERPRISE GROUP INC QTRLY ADJUSTED EARNINGS PER SHARE $0.64.PUBLIC SERVICE ENTERPRISE GROUP INC - REAFFIRMS NON-GAAP OPERATING EARNINGS GUIDANCE $3.00 - $3.20 PER SHARE.  Full Article

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

U.S. Northeast grids monitoring heat wave, say power is sufficient

July 3 Utilities in the U.S. Northeast expect to have enough power to keep the lights on as homes and businesses crank up air conditioners to escape a heat wave, the region's power grid operators said on Tuesday.