Latest news with #PSEG
Yahoo
2 days ago
- Business
- Yahoo
PSEG Declares Regular Quarterly Dividend for the Third Quarter of 2025
NEWARK, N.J., July 21, 2025 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE: PEG) today declared a $0.63 per share dividend on the outstanding common stock of the company for the third quarter of 2025. All dividends for the third quarter are payable on or before September 30, 2025, to shareholders of record on September 9, 2025. About PSEGPublic Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. Guided by its Powering Progress vision, PSEG aims to power a future where people use less energy, and it's cleaner, safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Sustainability North America Index for 17 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island ( Forward-Looking StatementsThe statements contained in this press release that are not purely historical are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management. Factors that may cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission (SEC), and available on our website: All of the forward-looking statements made in this press release are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this press release apply only as of the date hereof. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws. From time to time, PSEG and PSE&G release important information via postings on their corporate Investor Relations website at Investors and other interested parties are encouraged to visit the Investor Relations website to review new postings. You can sign up for automatic email alerts regarding new postings at the bottom of the webpage at or by navigating to the Email Alerts webpage here. CONTACTS:Investor Relations Media Relations PSEG-IR-GeneralInquiry@ 430-6565 (973) 430-7734 View original content to download multimedia: SOURCE PSEG
Yahoo
4 days ago
- Climate
- Yahoo
Recovery continues after storm that left 3 dead in Central Jersey
Life is slowly returning to normal as the cleanup continues after a severe thunderstorm with winds between 60 and 80 mph carved a narrow path of destruction in Plainfield, North Plainfield and Dunellen on the evening of July 3. As of 2 p.m. July 7, there were still more than 100 customers without power in Plainfield and Dunellen. PSE&G estimatated that full power restoration may not be made until 7 p.m. July 8. In Plainfield, Public Works employees are continuing to remove all trees from roads. The city's Signal Division is fixing traffic lights and replacing street signs damaged in the storm. In North Plainfield, Mayor Lawrence La Ronde said the cleanup could take up to two weeks and the borough has hired outside contractors to assist in the operation. More: Death toll rises to three in violent storm in Central Jersey Three people died during the quick-moving but violent storm. Authorities have released the name of the third fatality, 44-year-old Diana Ospina of Middlesex Borough. Ospina was driving along Greenbrook Road in North Plainfield when she pulled over to sit out the storm. But a large tree and electrical wires came down on her vehicle. A GoFundMe page has been established to help support her family. She is survived by her husband and two sons. "The sudden loss has devastated her children, who must now navigate life without the comforting presence of their mother," according to the GoFundMe post. In Plainfield, 79-year-old Rocco Sansone of North Plainfield and 25-year-old Brian Ernesto Valladares, a Plainfield resident and native of El Salvador, lost their lives when a tree fell on the vehicle they were traveling in on Myrtle Avenue. A GoFundMe page has also been established to pay for Valladares to be returned to his family in El Salvador. Another GoFundMe site has also been set up to help the Fairchild family in Dunellen. A large tree fell on their house, destroying the kitchen, dining room, bathroom and master bedroom. Email: mdeak@ . This article originally appeared on Recovery continues after violent storm that left 3 dead in Central Jersey Solve the daily Crossword
CBS News
16-07-2025
- Business
- CBS News
Controversial piedmont powerline project requests access to survey more Maryland properties
The developers behind the controversial Piedmont powerline project requested access to additional properties in Maryland Tuesday after they were allowed to survey nearly 90 locations in June. The Piedmont Reliability Project would build 70 miles of 500,000-volt overhead transmission lines through three Maryland counties: Baltimore, Carroll and Frederick. According to New Jersey-based developer PSEG Renewable Transmission, the project would help address power grid congestion and a potential energy deficit in Maryland. In June, PSEG was given permission to survey 91 properties that could be impacted by the project. The approval came despite opposition from property owners who raised concerns about environmental impacts and changes to their land. On Tuesday, PSEG filed an additional request to access nearly 200 Maryland properties to perform "non-invasive field surveys," according to a lawsuit. In their lawsuit, PSEG cited Maryland's need for more transmission lines as the reason for its push to survey properties. PJM Interconnection, the grid operator for several northeast states, expects that the regional transmission system could see blackouts and "voltage collapse conditions" unless the project is completed by June 2027, according to the lawsuit. PJM and PSEG entered into an agreement that allows the developer "to take reasonable efforts to ensure that it obtains all necessary authorizations and permits to construct and place the [transmission lines] in service by June 1, 2027," the lawsuit states. The company said it has to begin construction by the first quarter of 2026 in order to complete the project on time. The property surveys must be completed before construction can begin. Property owners appealed the initial motion that granted PSEG access to 91 locations in June. The powerline project has also faced opposition from community leaders, including Baltimore County Executive Kathy Klausmeier/ She indicated in February that she wanted to intervene in the application process. At the time, Klausmeier said she would "continue to work with state partners to share serious concerns about this project's impacts and work to protect our county's agricultural legacy and land preservation interests." Maryland Gov. Wes Moore also spoke out against the project in November 2024, saying he had "grave concerns" about the planning process and the lack of communication about the impacts of the project. He planned to meet with company leaders to discuss his concerns.
Yahoo
15-07-2025
- Climate
- Yahoo
Phil Murphy declares state of emergency amid flooding, thunderstorms in New Jersey
Gov. Phil Murphy declared a state of emergency for New Jersey as considerable rain fell the evening of July 14 with more expected as the night progresses. 'I am declaring a State of Emergency given flash flooding and high levels of rainfall in parts of the state,' the governor said in a social media post. 'Please stay indoors and avoid unnecessary travel. Stay safe, New Jersey.' UPDATE: River flood warnings, highway closures persist after heavy rain soaks NJ Much of the state faced a flash flood warning for at least part of Monday and a flash flood watch through midnight. Those warnings were initially just through the evening rush hour but extended as the thunderstorms continued to produce heavy rain in the area. More than an inch of rainfall was expected with flash flooding already taking place in some low lying areas. The National Weather Service advised people to avoid driving on flooded roadways. As of 7 p.m., there were over 8,000 power outages statewide as the storms roll through New Jersey. PSE&G was reporting 5,052 outages with 808 in Bergen County, 1,536 in Essex, 1,162 in Middlesex and 1,061 in Union. JCP&L had 1,576 withouth power, including 318 in Morris County and 951 in Sussex. Orange & Rockland was reporting 1,704 without power, all in Bergen County. This article originally appeared on NJ state of emergency declared amid flooding, storms
Yahoo
10-07-2025
- Business
- Yahoo
Public Service Enterprise's Quarterly Earnings Preview: What You Need to Know
Newark, New Jersey-based Public Service Enterprise Group Incorporated (PEG) operates in electric and gas utility and nuclear generation businesses in the United States. With a market cap of $40.7 billion, the company operates through PSE&G and PSEG Power segments. The company is set to unveil its second-quarter results on Tuesday, July 29. Ahead of the event, analysts expect PEG to report non-GAAP earnings of $0.72 per share, up 14.3% from the profit of $0.63 per share reported in the year-ago quarter. Additionally, the company has surpassed the Street's bottom-line projections in one of the past four quarters, while missing on three occasions. This Underdog AI Stock Just Got a New Street-High Price Target 'The Most Patriotic Thing You Can Do Is Not Pay the IRS' Says Grant Cardone as OBBBA Signed into Law — Here's How Much You'll Save Texas Just Passed Quantum Computing Legislation. How Should You Play IONQ Stock Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the current year, its earnings are expected to be $4.01 per share, up 9% from $3.68 per share reported in the year-ago quarter. Moreover, in fiscal 2026, its earnings are expected to rise 7.5% year-over-year to $4.31 per share. PEG stock has grown 7.9% over the past 52 weeks, underperforming the Utilities Select Sector SPDR Fund's (XLU) 19% surge and the S&P 500 Index's ($SPX) 12.3% uptick during the same time frame. PEG's stock dropped 2.1% following the release of its Q1 results on Apr. 30. The company's revenue increased 16.7% year-over-year to $3.2 billion, exceeding the Street's estimates, mainly driven by increased energy consumption due to colder weather in January and February. However, its adjusted EPS for the quarter came in at $1.43 and failed to touch the consensus estimates by 2.1%. The consensus opinion on PEG is moderately optimistic, with a 'Moderate Buy' rating overall. Of the 18 analysts covering the stock, opinions include eight 'Strong Buys' and 10 'Holds.' PEG's average analyst price target of $88.57 indicates a potential upside of 8.6% from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
