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  • 6/17/19
    NEWARK, N.J. – June 17, 2019 – PSEG has one of the lowest carbon emissions rates of the nation’s largest power producers, according to a new analysis released today. PSEG is the 17th largest U.S. power producer, but ranks third among privately/investor-owned power producers in the U.S. with the lowest carbon emissions rates, according to the new report “Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States,” released by M.J. Bradley & Associates,more...
  • 5/29/19
    (Newark, NJ – May 29, 2019) – Public Service Enterprise Group (PSEG) today held its Annual Investor Conference in New York, and reaffirmed its 2019 non-GAAP Operating Earnings guidance of $3.15 to $3.35 per share.  Speaking at the conference, Ralph Izzo, PSEG chairman, president and CEO, told the financial community that “PSEG’s continuing long-term strategy to transition our business to a mostly regulated company with predictable cash flows is on track.  Our successful capitalmore...
  • 5/2/19
    Public Service Enterprise Group (NYSE: PEG) reported today Net Income for the first quarter of 2019 of $700 million, or $1.38 per share as compared to Net Income of $558 million, or $1.10 per share, in the first quarter of 2018. Non-GAAP Operating Earnings for the first quarter of 2019 were $547 million, or $1.08 per share, compared to non-GAAP Operating Earnings for the first quarter of 2018 of $492 million, or $0.97 per share. Non-GAAP results for the first quarter exclude items such as themore...
  • 4/18/19
    (NEWARK, N.J. – April 18, 2019) – Today, the New Jersey Board of Public Utilities (BPU) voted to award Zero Emission Certificates (ZECs) to PSEG’s three New Jersey nuclear power plants, Hope Creek and Salem 1 and 2. In 2018, the New Jersey Legislature and Gov. Phil Murphy enacted legislation that established a Zero Emission Certificate program to preserve the plants that provide more than 90 percent of the state’s carbon-free electricity. Regarding the BPU decision, PSEG states: “Wemore...
  • 4/16/19
    (April 16, 2019 – Newark, NJ) The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.47 per share dividend on the outstanding common stock of the company for the second quarter of 2019.All dividends for the second quarter are payable on or before June 28, 2019, to shareholders of record on June 7, 2019.#####                         more...
  • 3/14/19
    (NEWARK, N.J. – March 14, 2019) – PSEG Solar Source today announced it has purchased two North Carolina solar farms being developed by BayWa r.e.  Construction began last month on Five Forks Solar, which will be a 25.9 MW-dc facility when completed, and North Halifax Solar, which will be a 26.9 MW-dc facility. Both facilities are expected to go into service during the fourth quarter of 2019. The acquisition represents a total investment of approximately $65 million. The Five Forksmore...
  • 2/27/19
    Public Service Enterprise Group (PSEG) reported 2018 Net Income of $1,438 million, or $2.83 per share, as compared to Net Income of $1,574 million, or $3.10 per share, for 2017. Non-GAAP Operating Earnings for the year 2018 were $1,582 million, or $3.12 per share, compared to $1,488 million, or $2.93 per share for 2017. The Net Income comparison for the full year reflects the absence of one-time items including the favorable impact of the Tax Cut and Jobs Act (Tax Act) in 2017, charges in 2017more...