Core Points - PSEG Long Island offers a Household Assistance Program that provides a monthly bill discount of $45 to nearly 40,000 eligible customers [2][6] - The company emphasizes its commitment to assist customers struggling with their electric bills through various outreach efforts and support programs [3][4] - Additional energy-saving programs, such as the Residential Energy Affordability Partnership Program, are available to help income-eligible customers reduce their energy bills [5] Group 1: Household Assistance Program - The Household Assistance Program is available year-round for customers who meet certain eligibility criteria, including enrollment in state or federal assistance programs [2][6] - Customers can apply for assistance by contacting PSEG Long Island's Advocacy Hotline [1][4] Group 2: Outreach and Support - PSEG Long Island actively engages with the community by hosting events, sending communications, and training organizations to assist customers with applications [3] - The company encourages customers with past-due balances to reach out for tailored payment agreements [4] Group 3: Energy Efficiency Programs - The Residential Energy Affordability Partnership Program offers free home energy surveys and installations of energy-saving measures for eligible customers [5] - The company provides tips and rebates for energy-efficient practices, such as using smart thermostats and LED bulbs, to help customers lower their energy usage [8]

Public Service Enterprise Group, Inc. (PEG) or PSEG’s focus on renewable expansion is likely to bolster its footprint in the clean energy market. To efficiently serve customers, the company consistently invests in its infrastructure, strengthening the resilience of its transmission and distribution system.However, this Zacks Rank #3 (Hold) company faces risks like remediation costs for each manufactured gas plant (MGP) site.Tailwinds Favoring PEG PSEG intends to invest nearly $3.8 billion in 2025 for its in ...

In the equity market, investments always need to be prudently hedged in order to overcome uncertainties and limit losses related to external shocks. A question that often arises is whether one should resort to a value strategy that seeks discounted stocks or opt for growth investing in times of extreme market instability.The investing track of the Oracle of Omaha over the past few decades and his gradual shift from being a pure-play value investor to a GARP (growth at a reasonable price) investor might give ...

With the market getting increasingly fickle on external shocks, investors are more focused on finding an investment strategy that emphasizes judging a stock's inherent potential. Needless to say, value investment is gaining popularity day by day.  However, this apparently simple-to-understand investing strategy has historically shown dangerous outcomes a number of times because of people’s oversight of its basics.Warren Buffett, the popular value investor, believes that proper understanding of the “intrinsi ...

If someone calls and threatens to immediately shut off the power, it's likely fraudulentUNIONDALE, N.Y., Feb. 28, 2025 /PRNewswire/ -- For National Consumer Protection Week (March 2-8). PSEG Long Island urges customers to understand scammers' tactics and do the right thing if confronted with a demand for payment and a threat of imminent shutoff:  Stop and verify before acting.  Reach out to PSEG Long Island for confirmation."Consumer Protection Week is a time for helping people understand how to defend them ...

Asset Retirement Obligations - As of December 31, 2024, PSEG's total Asset Retirement Obligations (ARO) related to nuclear decommissioning amounted to approximately $1,035 million, representing nearly 100% of total AROs[419]. - A 1% decrease in the discount rate would lead to a $73 million increase in the Nuclear ARO, while a 1% increase in the inflation rate would result in a $346 million increase[421]. - The company recognizes liabilities for expected costs of retiring long-lived assets, which are recorded at fair value and capitalized as part of the related asset[417]. Risks and Uncertainties - The company faces risks including equipment failures, natural disasters, and cybersecurity threats that could impact service reliability and financial performance[19]. - Future performance is subject to uncertainties, including regulatory approvals and market conditions, which may cause actual results to differ from management's expectations[21]. - Changes in state and federal legislation may impact the company's ability to recover costs and earn returns on authorized investments[24]. Market and Financial Risks - The company is exposed to market risks from changes in commodity prices, interest rates, and equity prices, which could affect financial condition and operational results[405]. - A hypothetical 10% increase in market interest rates would lead to an additional $4 million in pre-tax annual interest costs related to long-term debt[437]. - A hypothetical 10% change in the equity market would impact the value of equity securities in the NDT Fund by approximately $138 million[438]. Financial Management and Reporting - The company’s financial statements comply with GAAP for rate-regulated enterprises, which may differ from non-regulated businesses in terms of revenue and expense recognition[420]. - The company emphasizes the importance of maintaining sufficient liquidity and access to capital on commercially reasonable terms to support operations[19]. - The company recognizes Regulatory Assets and Liabilities based on orders from the BPU, which significantly influence its financial reporting and cash flow management[424]. Risk Management - The Value-at-Risk (VaR) for the year ended December 31, 2024, at a 95% confidence level is $36 million, down from $48 million in 2023, indicating a decrease in potential losses[435]. - The average Value-at-Risk (VaR) for the period ended December 31, 2024, is $44 million, compared to $56 million in 2023, reflecting improved risk management[435]. - The high Value-at-Risk (VaR) for the year ended December 31, 2024, reached $152 million, an increase from $127 million in 2023, indicating potential volatility in market conditions[435]. - PSEG has a credit management process in place to assess and mitigate counterparty credit losses, which could materially impact financial condition if a major counterparty defaults[431]. Pension and OPEB Plans - The net assets in trust for pension and OPEB plans amount to $4.4 billion, with $1.4 billion in equity securities and $1.3 billion in fixed income securities as of December 31, 2024[438]. - The fixed income portfolio has a duration of 6.08 years and a yield of 4.91%, with a 1% increase in interest rates resulting in a decline in market value of approximately $77 million[439].

Financial Data and Key Metrics Changes - PSEG reported net income of $0.57 per share for Q4 2024 and $3.54 per share for the full year, with non-GAAP operating earnings of $0.84 per share for Q4 and $3.68 per share for the full year, marking the twentieth consecutive year of meeting or exceeding guidance [8][9][26] - For 2024, net income decreased from $5.13 per share in 2023 to $3.54 per share, while non-GAAP operating earnings increased from $3.48 per share in 2023 to $3.68 per share in 2024 [26] Business Line Data and Key Metrics Changes - PSE&G reported Q4 2024 net income of $0.75 per share, up from $0.58 per share in Q4 2023, driven by new electric and gas distribution rates implemented on October 15 [27][28] - PSEG Power and Other reported a net loss of $0.18 per share for Q4 2024, compared to net income of $0.52 per share in Q4 2023, with non-GAAP operating earnings of $0.09 per share for Q4 2024 [35] Market Data and Key Metrics Changes - The interest in large load and data center customers increased significantly, from under 400 megawatts last year to 4,700 megawatts, indicating strong demand in New Jersey [18][19] - PSEG's combined bill remains competitive, at about 3% of total income for medium-income customers and approximately 2% for low to moderate-income customers [22] Company Strategy and Development Direction - PSEG plans to invest $4 billion across the enterprise in 2025, with a capital spending plan of $22.5 billion to $26 billion for 2025-2029, focusing on infrastructure modernization and energy efficiency [17][34] - The company aims for a 5% to 7% compound annual growth rate (CAGR) in non-GAAP operating earnings from 2025 to 2029, starting from a higher base year of $4 per share for 2025 [16][44] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strategic and regulatory objectives, including a balanced outcome from the first electric and gas rate case and approval for a $2.9 billion investment in energy efficiency programs [10][11] - The management highlighted the importance of maintaining affordability and reliability for customers amid rising capacity prices and upcoming bill increases [21][70] Other Important Information - PSEG's Board of Directors announced a $0.12 per share increase in the annual common dividend, marking the fourteenth consecutive annual increase [24] - The company has a strong liquidity position with total available liquidity of $2.6 billion as of December 2024 [37] Q&A Session Summary Question: Impact of FERC actions on nuclear commercial discussions - Management indicated ongoing discussions and interest in nuclear opportunities despite FERC's recent actions, emphasizing flexibility in deal structures [50][54] Question: Outlook for the PJM market and customer impact - Management expressed concerns about reliability and affordability in the PJM market, noting the need for resource adequacy and the potential impact on customer costs [67][70] Question: Timeline for large load customer connections - Management stated that the timeline for large load customer connections depends on whether existing facilities are sold or new data centers are built, affecting the bottom line [85] Question: Hedges at PSEG Power - Management confirmed that hedging strategies remain consistent, with expectations of being around 90% hedged for 2025 [96][98] Question: New Jersey's generation position and reserve margin - Management clarified that New Jersey is a net importer of electricity, lacking an integrated resource plan and a defined reserve margin [147][148]

Public Service Enterprise Group FOURTH QUARTER AND FULL YEAR 2024 NYSE: PEG Financial Results Presentation February 25, 2025 PSEG Fourth Quarter and Full Year 2024 Forward-Looking Statements Certain of the matters discussed in this report about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences, and all other statements that are not purely historical constitute "forward-looking statements" within the meaning of the Priv ...

Market Overview - The equity market has experienced turbulence due to geopolitical tensions and trade policies, particularly Trump's tariff policies affecting China and the European Union, raising concerns over global supply chains and corporate earnings [1] - The Federal Reserve's decision to maintain interest rates has contributed to market uncertainty, indicating ongoing inflationary pressures that limit monetary policy flexibility [1] Investment Strategies - In times of market instability, investors face the dilemma of choosing between value investing and growth investing, with a notable shift towards a hybrid strategy known as GARP (growth at a reasonable price) [2][4] - GARP investing combines growth and value principles, focusing on stocks that are undervalued yet possess solid growth potential [4] GARP Investment Metrics - The PEG (price/earnings growth) ratio is a key metric in GARP investing, relating a stock's P/E ratio to its future earnings growth rate [5][6] - A lower PEG ratio, ideally below 1, indicates both undervaluation and future growth potential [6] Screening Criteria for GARP Stocks - Successful GARP stocks typically meet several criteria, including a PEG ratio less than the industry median, a P/E ratio below the industry median, a Zacks Rank of 1 (Strong Buy) or 2 (Buy), a market capitalization greater than $1 billion, and an average 20-day trading volume exceeding 50,000 [9][10] Selected Stocks - **Gilead Sciences (GILD)**: A leader in HIV treatment with a Zacks Rank of 2 and a Value Score of B, showing a long-term expected earnings growth rate of 19.5% [11][12] - **Exelixis (EXEL)**: Focused on oncology, with a Zacks Rank of 2 and a Value Score of B, and a long-term expected growth rate of 15.2% [13][14] - **Synchrony Financial (SYF)**: A consumer financial services company with a Zacks Rank of 2 and a Value Score of A, featuring a historical earnings growth rate of 13.1% [15] - **Molson Coors (TAP)**: A global beverage manufacturer with a Zacks Rank of 1 and a Value Score of A, expected long-term earnings growth rate of 6.3% [16]

Public Service Enterprise Group (PEG) Q4 2024 Earnings Call February 25, 2025 11:00 AM ET Company Participants Carlotta Chan - Investor RelationsRalph LaRossa - Chair, President & CEODaniel Cregg - EVP & CFOShar Pourreza - Senior Managing DirectorDavid Arcaro - Executive Director, Equity ResearchNicholas Campanella - DirectorPaul Fremont - Managing DirectorCarly Davenport - Vice President, Equity ResearchPaul Zimbardo - Managing DirectorAnthony Crowdell - Managing Director Conference Call Participants Paul ...