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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 (NYSE: PEG) has announced its quarterly dividend declaration for Q2 2025. The company's Board of Directors has approved a dividend payment of $0.63 per share on its outstanding common stock. The dividend will be distributed to shareholders of record as of June 9, 2025, with payment to be completed by June 30, 2025.
PSEG (NYSE: PEG) has scheduled its first quarter 2025 earnings conference call for April 30, 2025, at 11:00 a.m. ET. During the call, management will discuss Q1 financial results, guidance, capital investments, and regulatory activities.
The company operates as a predominantly regulated infrastructure entity, managing New Jersey's largest transmission and distribution utility. PSEG serves approximately 2.4 million electric and 1.9 million natural gas customers. Additionally, the company owns 3,758 MW of carbon-free, baseload nuclear power generating units in New Jersey and Pennsylvania.
PSEG, a member of the S&P 500 Index, has maintained its position in the Dow Jones Sustainability North America Index for 17 consecutive years. The company operates through its subsidiaries: Public Service Electric and Gas Co. (PSE&G), PSEG Power, and PSEG Long Island.
PSEG Long Island announces continued availability of financial assistance programs as heating season concludes. The company's Household Assistance Program offers a monthly bill discount of $45 to eligible households, currently serving nearly 40,000 residential customers.
The utility provides multiple support channels including the Residential Energy Affordability Partnership Program, offering free home energy surveys and installations of energy-saving measures for income-eligible customers. Additionally, customers can access New York State's Home Energy Assistance Program (HEAP), which provides heating fuel grants to families with a maximum gross monthly income of $6,390 for a family of four.
The company also offers comprehensive energy-saving tips and rebates for smart thermostats, LED bulbs, and high-efficiency air source heat pumps through their Home Comfort Program.
PSEG Long Island is raising awareness about utility scams during National Consumer Protection Week (March 2-8). The company warns customers about fraudulent calls threatening immediate power shutoffs and demanding instant payment. Lou DeBrino, VP of Customer Operations, emphasizes verifying any suspicious contacts through the official customer service number.
Key scam tactics include phone spoofing, demands for specific payment methods like Bitcoin or prepaid cards, fake websites mimicking psegliny.com, and in-person imposters. PSEG Long Island confirms it doesn't accept external web-based payments outside their official channels, and legitimate representatives always verify account details with the Customer of Record.
The company, a member of Utilities United Against Scams, has helped disable over 14,830 fraudulent toll-free numbers targeting utility customers.
PSEG reported strong 2024 results with $3.54 per share net income and $3.68 per share non-GAAP operating earnings. The company initiated 2025 non-GAAP operating earnings guidance of $3.94-$4.06 per share, representing ~9% growth over 2024.
PSEG extended its 5%-7% non-GAAP operating earnings CAGR for 2025-2029 and raised its capital spending plan to $22.5-$26 billion, an increase of $3.5 billion from the prior plan. PSE&G's rate base is targeted to grow at 6%-7.5% CAGR for 2025-2029, from a ~12% higher year-end 2024 balance of approximately $34 billion.
Key 2024 achievements include settling PSE&G's first electric and gas distribution base rate case in six years, obtaining approval for a $2.9 billion Clean Energy Future program, investing $3.6 billion in regulated capital expenditures, and completing the Advanced Metering Infrastructure program. PSEG Nuclear benefited from the start of the nuclear production tax credit in January.
The company increased its annual dividend by $0.12 to an indicative rate of $2.52 per share for 2025, marking 118 consecutive years of dividend payments.
PSEG (NYSE: PEG) has announced a 5% increase in its quarterly common stock dividend to $0.63 per share for the first quarter of 2025, bringing the indicative annual rate to $2.52 per share. The dividend will be payable by March 31, 2025, to shareholders of record on March 10, 2025.
This marks PSEG's 14th consecutive annual dividend increase and represents the company's 118th year of paying common dividends to shareholders. According to CEO Ralph LaRossa, this increase reflects PSEG's solid financial position, strong business mix, and predictable growth trajectory.
PSEG has scheduled its fourth quarter and full year 2024 earnings conference call for Tuesday, February 25, 2025, at 11:00 a.m. ET. During the call, management will present and discuss the company's Q4 and full-year financial results, provide financial guidance, and address capital investments and regulatory activities.
The presentation will be accessible via audio webcast on PSEG's Investor Relations website, with accompanying materials available at https://investor.pseg.com. A replay of the webcast and presentation materials will be made available on the same platform by February 26.
PSE&G, New Jersey's largest utility, has been recognized by J.D. Power as the top utility for residential customer satisfaction in both electric and gas services in the East Large Segment for 2024. This marks the second time PSE&G has achieved this dual recognition.
In the Residential Electric study, PSE&G ranked first in categories including power quality and reliability, customer care, billing and payment, corporate citizenship, price, and communications. These rankings reflect the company's continued investment in infrastructure and innovation, and its customer-focused approach.
PSE&G also secured the top position for residential gas customer satisfaction, excelling in reliability, billing, and communications. This achievement highlights the utility's dedication to providing safe, reliable, and cost-effective natural gas service.
According to Dave Johnson, PSE&G's Vice President of Customer Care and Chief Customer Officer, these awards are based on customer feedback and are a testament to the team's dedication to excellence. This recognition follows PSE&G's previous wins for both Residential and Business Electric Customer Satisfaction in 2023 and Residential Gas and Electric Satisfaction in 2022. The company remains focused on enhancing customer experience through advanced technologies and clean energy initiatives.
PSEG Foundation marks a decade of community impact through its Neighborhood Partners Program (NPP), celebrating nearly $8 million in grants distributed to over 400 nonprofits across New Jersey and Long Island. The program achieved record-breaking results in 2024, with $1.2 million in total giving, representing a 20% increase from 2023.
The NPP focuses on three strategic pillars: environmental sustainability, social justice, and equity and economic empowerment. Notable 2024 grantees include HomeFront, which provided over 1 million free meals and supported 25,500 New Jersey residents; Boys & Girls Club of Newark, receiving over $600,000 in PSEG support for STEM education and family programs; and Northern NJ Community Foundation, implementing green infrastructure initiatives for environmental justice.
PSEG Foundation has highlighted its ongoing support for Children's Specialized Hospital (CSH), the nation's leading provider of pediatric care across 15 New Jersey locations. The foundation has contributed over $7.2 million since 2005 through various initiatives. Recently, they provided a $300,000 grant for the Social Determinants of Health Program. In 2024, PSEG employees demonstrated significant involvement by volunteering over 200 hours in fundraising activities, raising $50,000 through the Walk n' Roll event and more than $700,000 during the annual golf outing.
