Public Service Enterprise Group(NYSE) PEG

Public Service Enterprise Group Incorporated helps people get the electricity they need. It makes energy using nuclear plants for carbon-free power. The company delivers energy through miles of wires and pipes.

What Does the Company Provide?

• Electric and Gas Utility: Delivers energy to residential and business customers in New Jersey; generated $2.14 billion in revenue for the three-month period ended June 30, 2026.
• Nuclear Power Generation: Operates plants that provide carbon-free electricity; produced 15.8 terawatt hours of energy during the first six months of 2026.
• Energy Efficiency Programs: Helps customers use less power through $2.9 billion in authorized efficiency projects; includes smart meter installation and grid resilience efforts.
• Transmission Services: Manages high-voltage power lines to move electricity across states; includes 25,000 circuit miles of electric systems.
• Appliance Protection: Offers repair and protection plans for home appliances through its service business.

Modernizing the Energy Grid

• Approved a $1.05 billion program in November 2025 to replace 525 miles of aging gas mains through 2028.
• Extended the contract to operate the Long Island electric system for five years in 2025.
• Began power uprates at nuclear units in 2025 to increase total electricity generation capacity.
• Committed to a utility investment program of $22.5 billion to $25.5 billion for the years 2026 to 2030.

Reliable Infrastructure and Clean Energy

The company operates one of the largest nuclear fleets in the region, which provides over 80% of New Jersey's carbon-free electricity. Its regulated infrastructure is extensive, featuring 25,000 miles of electric transmission lines and 18,000 miles of gas mains to ensure reliable service.

The Financial Scorecard

• Operating revenues were $2.55 billion for the three-month period ended June 30, 2026, down 9% year over year.
• The regulated rate base, the value of property used to provide service, grew to $36 billion by year-end 2025.
• Operating cash flow rose by $294 million during the six-month period ended June 30, 2026.
• The company approved a quarterly dividend of $0.67 per share in July 2026, totaling $2.68 per share annually.
• Net income was $1.08 billion for the six-month period ended June 30, 2026.

Bottom Line

Public Service Enterprise Group has evolved into a primarily regulated utility focused on modernizing energy infrastructure. Its large nuclear generation fleet and significant regulated investments align the company with long-term clean energy goals.