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PEG Pseg Power

Public Service Enterprise Group (NYSE:PEG) is a publicly traded diversified energy company with annual revenue of $9.1 billion in 2017. Its operating subsidiaries are: Public Service Electric and Gas Company (PSE&G), PSEG Power LLC, and PSEG Long Island.

Company profile

Ticker
PEG
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
PUBLIC SERVICES ENTERPRISE GROUP INCORPORATED • Public Service Electric and Gas Company • PSEG Nuclear LLC • PSEG Energy ...

Calendar

9 Aug 21
21 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Pseg Power earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 144M 144M 144M 144M 144M 144M
Cash burn (monthly) 232.33M 26.92M 98M (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 866.41M 100.38M 365.46M n/a n/a n/a
Cash remaining -722.41M 43.62M -221.46M n/a n/a n/a
Runway (months of cash) -3.1 1.6 -2.3 n/a n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Risks
  • Inability to successfully develop, obtain regulatory approval for, or construct generation, transmission and distribution projects could adversely impact our businesses.
  • Lack of growth or slower growth in the number of customers, or a decline in customer demand, which may not be fully addressed by our recently approved CIP, could adversely impact our financial condition, results of operations and cash flows.
  • We may be adversely affected by equipment failures, accidents, severe weather events, acts of war or terrorism or other incidents, including pandemics such as the ongoing coronavirus pandemic, that impact our ability to provide safe and reliable service to our customers and remain competitive and could result in substantial financial losses.
  • Any inability to recover the carrying amount of our long-lived assets could result in future impairment charges which could have a material adverse impact on our financial condition and results of operations.
  • Inability to maintain sufficient liquidity in the amounts and at the times needed or access sufficient capital at reasonable rates or on commercially reasonable terms could adversely impact our business.
  • Cybersecurity attacks or intrusions could adversely impact our businesses.
  • Our financial condition and results of operations could be adversely affected by the ongoing coronavirus pandemic.
  • Covenants in our debt instruments may adversely affect our operations.
  • Financial market performance directly affects the asset values of our NDT Fund and defined benefit plan trust funds. Market performance and other factors could decrease the value of trust assets and could result in the need for significant additional funding.
  • The timeline and ultimate outcome of our exploration of strategic alternatives relating to PSEG Power’s non-nuclear generating fleet is uncertain.
  • Failure to complete, or delays in completing, our proposed investment in the Ocean Wind project could adversely affect our business and prospects. In addition, following the completion of our initial investment in the project, there are numerous operational risks and uncertainties associated with, and we may fail to realize the anticipated strategic and financial benefits of, the Ocean Wind project.
  • Fluctuations in the wholesale power and natural gas markets could negatively affect our financial condition, results of operations and cash flows.
  • We may be unable to obtain an adequate fuel supply in the future.
  • Operation of our generating stations are subject to market risks that are beyond our control.
  • The introduction or expansion of technologies related to energy generation, distribution and consumption and changes in customer usage patterns could adversely impact us.
  • We are subject to third-party credit risk relating to our sale of generation output and purchase of fuel.
  • There may be periods when PSEG Power may not be able to meet its commitments under forward sale obligations at a reasonable cost or at all.
  • Certain of our generation facilities rely on transmission facilities that we do not own or control and that may be subject to transmission constraints. Transmission facility owners’ inability to maintain adequate transmission capacity could restrict our ability to deliver wholesale electric power to our customers and we may either incur additional costs or forgo revenues. Conversely, improvements to certain transmission systems could also reduce revenues.
  • PSE&G’s revenues, earnings and results of operations are dependent upon state laws and regulations that affect distribution and related activities.
  • PSE&G’s proposed investment programs may not be fully approved by regulators, which could result in lower than desired service levels to customers, and actual capital investment by PSE&G may be lower than planned, which would cause lower than anticipated rate base.
  • We are subject to comprehensive federal regulation that affects, or may affect, our businesses.
  • Our New Jersey nuclear plants may not be awarded ZECs in future periods, or the current or subsequent ZEC program periods could be materially adversely modified through legal proceedings, either of which could result in the retirement of all of these nuclear plants.
  • We may be adversely affected by changes in energy regulatory policies, including energy and capacity market design rules and developments affecting transmission.
  • Our ownership and operation of nuclear power plants involve regulatory risks as well as financial, environmental and health and safety risks.
  • We are subject to numerous federal, state and local environmental laws and regulations that may significantly limit or affect our businesses, adversely impact our business plans or expose us to significant environmental fines and liabilities.
  • We may not receive necessary licenses and permits in a timely manner or at all, which could adversely impact our business and results of operations.
Content analysis
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Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. freshman Avg
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Proxies

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