Public Service Enterprise Group Inc. (N:PEG)

Sector:  Utilities Industry:  Multiline Utilities
 
See Regulatory Filings on SEC
Company Contact
Address: Corporate Accounting Services
80 Park Plaza, 9Th Floor
NEWARK NJ 07102-4194
Tel: N/A
Website: https://corporate.pseg.com
IR: See website
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Key People
Ralph A. Larossa
Chairman of the Board, President, Chief Executive Officer
Daniel J. Cregg
Chief Financial Officer, Executive Vice President
Kim C. Hanemann
President and Chief Operating Officer of PSE&G
Charles V. Mcfeaters
President and Chief Nuclear Officer - PSEG Nuclear LLC
Tamara L. Linde
Executive Vice President, General Counsel
Sheila J. Rostiac
Senior Vice President - Human Resources, Chief Human Resources and Chief Diversity Officer - Services
Richard T. Thigpen
Senior Vice President - Corporate Citizenship - Services
Rose M. Chernick
Vice President, Controller
 
Business Overview
Public Service Enterprise Group Incorporated is a regulated infrastructure company focused on a clean energy future. The Company principally conducts its business through two wholly owned subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (PSEG Power). The Company's segments include PSE&G and PSEG Power. The PSE&G segment is engaged principally in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. The PSE&G segment also invests in regulated solar generation projects and energy efficiency (EE) and related programs in New Jersey. The PSEG Power segment integrates the operations of its merchant nuclear generating assets with its fuel supply functions through energy sales via its principal direct wholly owned subsidiaries. The Company's other wholly owned subsidiaries are PSEG Long Island LLC (PSEG LI), PSEG Energy Holdings L.L.C. (Energy Holdings), and PSEG Services Corporation (Services).
Financial Overview
For the fiscal year ended 31 December 2023, Public Service Enterprise Group Inc. revenues increased 15% to $11.24B. Net income increased from $1.03B to $2.56B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from PSEG Power & Other segment income totaling $1.71B vs. loss of $511M, PSE&G segment income increase of 4% to $1.97B.
Employees: 12,543 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $52,637M as of Dec 31, 2023
Annual revenue (TTM): $11,237M as of Dec 31, 2023
EBITDA (TTM): $4,827M as of Dec 31, 2023
Net annual income (TTM): $2,563M as of Dec 31, 2023
Free cash flow (TTM): -$656.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: $20,179M as of Dec 31, 2023
Shares outstanding: 498,586,596 as of Feb 16, 2024
Index Membership: S&P 500, Dow Utility
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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