$PEG (Public Service Enterprise Group Inc.)

$PEG {{ '2016-07-29T13:44:28+0000' | timeago}} • Announcement

$PEG maintained its operating earnings guidance for 2016 of $2.80 - $3.00 per share, but added that reaching the upper end of the guidance will be tough even with improvements seen in the power markets and expectations for warm summer weather.

$PEG {{ '2017-07-18T14:34:46+0000' | timeago}} • Announcement

The BoD of $PEG declared a 3Q17 dividend on the outstanding common stock of $0.43 per share. The dividend is payable on or before Sept. 29, 2017 to shareholders of record on Sept. 8, 2017.

$PEG {{ '2017-06-23T12:10:01+0000' | timeago}} • Announcement

$PEG named Ralph LaRossa as President and COO of PSEG’s merchant generation business, PSEG Power, effective October 2, 2017.  LaRossa is currently President and COO of Public Service Electric and Gas Company (PSE&G).  In his new role, LaRossa succeeds Bill Levis who in December 2016 had announced his plans to retire.

$PEG {{ '2017-04-28T12:58:22+0000' | timeago}} • Announcement

$PEG re-affirms its FY17 non-GAAP operating EPS to $2.80-3.00. The company expects non-GAAP operating earnings from PSE&G to be $945-985, PSEG Power non-GAAP operating earnings of $435-510MM. Non-GAAP operating earnings from PSEG Enterprise/Other is expected to be $35MM.

$PEG {{ '2017-04-28T12:47:50+0000' | timeago}} • Announcement

$PEG reported 76% drop in its 1Q17 profit. Net income fell to $114MM, or $0.22 per share, from $471MM, or $0.93 per share during 1Q16. The result was impacted by accelerated depreciation associated with the early retirement of the Hudson and Mercer coal-gas generating stations and a reserve for the impairment of our leveraged leases.

$PEG {{ '2017-04-18T14:18:26+0000' | timeago}} • Announcement

The BoD of $PEG declared a $0.43 per share dividend on its outstanding common stock for 2Q17. All dividends for 2Q17 are payable on or before June 30, 2017, to shareholders as on June 9, 2017.

$PEG {{ '2017-03-06T13:59:44+0000' | timeago}} • Announcement

$PEG stated that extensions and expansions of its baseline investment program should expand its 5-year capital program to $13.8Bil and a 9% growth rate. The company has identified potential opportunities that could address public policy and customer needs for long-term reliability.

$PEG {{ '2017-03-06T13:56:14+0000' | timeago}} • Announcement

$PEG plans to invest about $15Bil over the next five years upgrading its energy infrastructure. $PEG expects the utility to represent approx two-thirds of its non-GAAP operating earnings in 2017 and its share is forecast to continue to grow. The company also reaffirmed its 2017 earnings guidance of $2.80-3.00 per share.

$PEG {{ '2017-02-24T16:57:53+0000' | timeago}} • Webcast

$PEG said that regarding the retail business, the company is looking at some tuck-in niche acquisitions, which the company has not been able to find. Therefore, $PEG has opted to pursue retail business growth organically, building the capability in-house. The company added that it is still targeting between 5 and 10 terawatt hours at its maturity.

$PEG {{ '2017-02-24T16:41:48+0000' | timeago}} • Webcast

$PEG said that PSEG Power is forecasting annual production of 55 terawatt hours in 2018. Additionally, about 50-55% of 2018 forecast generation is hedged at an avg. price of $43 a megawatt hour. For 2019, PSEG Power has hedged 15-20% of forecasted production of 60 terawatt hours at an avg. price of $43 per megawatt hour.

$PEG {{ '2017-02-24T16:29:28+0000' | timeago}} • Webcast

$PEG expects to invest $4.7Bil in 2017 at PSE&G and at PSEG Power. This investment is a record amount for the company to invest in any one year. In the long term, the company forecasts annual growth of 0.5-1% in firm gas sales. PSE&G invested $2.8Bil on its transmission and distribution system in 2016 and expects an additional $3.4Bil in 2017.

$PEG {{ '2017-02-24T13:47:36+0000' | timeago}} • Announcement

For FY17, $PEG expects non-GAAP operating earnings to be in the range of $1,415-1,530MM. The company anticipated non-GAAP EPS to be in the range of $2.80-3.00.

$PEG {{ '2017-02-24T13:44:14+0000' | timeago}} • Announcement

Diversified energy company $PEG  reported net loss of $98MM, or $0.19 per share, compared to net income of $309MM, or $0.60 per share during 4Q15. Total operating revenue was $2Bil. Excluding items, $PEG earned $0.54 per share during the quarter.

$PEG {{ '2017-02-21T17:08:27+0000' | timeago}} • Announcement

$PEG's BoD declared 1Q17 common stock dividend of $0.43 per share, representing a $0.02 per share, or 4.9% increase in the quarterly dividend and brings the indicative annual dividend rate to $1.72 per share. The dividend is payable on March 31, 2017 to shareholders of record on March 10, 2017.

$PEG {{ '2017-01-23T17:08:21+0000' | timeago}} • Announcement

$PEG's subsidiary PSEG Solar Source said it has acquired two North Carolina solar facilities from BayWa r.e., representing a total investment of $74.6MM. The PSEG Cork Oak Solar Energy Center and the PSEG Sunflower Solar Energy Center are under construction and scheduled to begin operation later this year.

$PEG {{ '2016-12-29T12:17:15+0000' | timeago}} • Announcement

PSEG Power, a subsidiary of $PEG, reported that its COO Bill Levis announced his intention to retire effective in 3Q17.

$PEG {{ '2016-11-15T18:53:14+0000' | timeago}} • Announcement

$PEG declared a $0.41 per share dividend on the outstanding common stock of the company for the fourth quarter of 2016. All dividends for the fourth quarter are payable on or before December 30, 2016, to shareholders of record on December 9, 2016.

$PEG {{ '2016-11-04T16:18:39+0000' | timeago}} • Announcement

PSEG Solar Source, a subsidiary of $PEG, said it acquired a 16.8 MW-dc solar energy facility from Ecoplexus Inc. The PSEG Turkey Creek Solar Energy Center is located in Northampton County, N.C. about 95 miles northeast of Raleigh.

$PEG {{ '2016-10-31T20:12:44+0000' | timeago}} • Webcast

$PEG said PSE&G Power decided to retire the Hudson and Mercer coal fire generation stations in FY17. The retired capacity will be replaced by the capacity at Sewaren and Bridgeport Harbor. The company expects the new capacity to improve the fleet's efficiency and lower its cost structure.

$PEG {{ '2016-10-31T20:12:27+0000' | timeago}} • Webcast

$PEG's subsidiary PSE&G expects to invest $1.8Bil in transmission in FY16 as part of the 5-year $7.1Bil investment program. This is to upgrade and expand the transmission network and the company expects to grow the investment to represent about 45% of year-end 2016's rate base.

$PEG {{ '2016-10-31T20:03:24+0000' | timeago}} • Webcast

$PEG said PSE&G subsidiary posted net income of $0.50 per share in 3Q16, up 14% from a year ago. The improvement in net income reflects growth from the company's expanded investment in electric and gas transmission and distribution facilities. PSE&G Power net income was $139MM or $0.27 per share.

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