PEG Public Service Enterprise

Public Service Enterprise Group Inc. (PSEG) is a publicly traded diversified energy company with approximately 13,000 employees. Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 13 consecutive years.
Company profile
Ticker
PEG
Exchange
Website
CEO
Ralph Izzo
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
222625848
PEG stock data
()
Calendar
28 Feb 21
11 Apr 21
31 Dec 21
Financial summary
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Jun 20 | Mar 20 | Sep 19 | Jun 19 | |
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Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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Financial data from company earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Mar 21 | Jackson Shirley A | Phantom Stock Common Stock | Grant | Aquire A | No | No | 59.42 | 904.578 | 53.75K | 5,242.319 |
15 Mar 21 | Rose M Chernick | Common Stock | Sell | Dispose S | No | No | 57.85 | 397 | 22.97K | 32,322.734 |
12 Mar 21 | Tamara Louise Linde | Common Stock | Gift | Dispose G | No | No | 0 | 461 | 0 | 83,429.967 |
2 Mar 21 | Ralph A LaRossa | Common Stock | Payment of exercise | Dispose F | No | No | 54.69 | 21,711 | 1.19M | 104,305.521 |
2 Mar 21 | Ralph A LaRossa | Common Stock | Payment of exercise | Dispose F | No | No | 54.69 | 14,185 | 775.78K | 126,016.521 |
2 Mar 21 | Ralph A LaRossa | Common Stock | Grant | Aquire A | No | No | 54.69 | 27,730.847 | 1.52M | 140,201.521 |
2 Mar 21 | Ralph A LaRossa | Common Stock | Grant | Aquire A | No | No | 54.69 | 42,445.238 | 2.32M | 112,470.674 |
2 Mar 21 | Ralph Izzo | Common Stock | Payment of exercise | Dispose F | No | No | 54.69 | 70,769 | 3.87M | 470,707.235 |
2 Mar 21 | Ralph Izzo | Common Stock | Grant | Aquire A | No | No | 54.69 | 138,354.418 | 7.57M | 541,476.235 |
Financial report summary
?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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H.S. freshman Avg
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New words:
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Financial reports
10-K
2020 FY
Annual report
28 Feb 21
10-Q
2020 Q3
Quarterly report
30 Oct 20
10-Q
2020 Q2
Quarterly report
31 Jul 20
10-Q
2020 Q1
Quarterly report
4 May 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
30 Jul 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
30 Oct 18
Current reports
8-K
Pseg Announces 2020 Results
26 Feb 21
8-K
Other Events
23 Dec 20
8-K
PSEG Announces Early Tender Results and Amendments to Exchange Offer and Related Consent Solicitation
8 Dec 20
8-K
Other Events
4 Dec 20
8-K
PSEG Commences Private Exchange Offer and Consent
23 Nov 20
8-K
Pseg Announces 2020 Third Quarter Results
30 Oct 20
8-K
Other Events
14 Aug 20
8-K
Pseg Announces 2020 Second Quarter Results
31 Jul 20
8-K
Pseg Announces 2020 First Quarter Results
4 May 20
8-K
Submission of Matters to a Vote of Security Holders
23 Apr 20
Registration and prospectus
S-3ASR
Automatic shelf registration
20 Nov 20
424B2
Prospectus for primary offering
13 Aug 20
FWP
Free writing prospectus
12 Aug 20
424B5
Prospectus supplement for primary offering
12 Aug 20
424B2
Prospectus for primary offering
4 Jun 19
FWP
Free writing prospectus
3 Jun 19
424B5
Prospectus supplement for primary offering
3 Jun 19
424B3
Prospectus supplement
8 Feb 18
S-3ASR
Automatic shelf registration
16 Nov 17
424B2
Prospectus for primary offering
2 Nov 17
Proxies
DEF 14A
Definitive proxy
15 Mar 21
DEFA14A
Additional proxy soliciting materials
7 Apr 20
DEF 14A
Definitive proxy
16 Mar 20
DEF 14A
Definitive proxy
12 Mar 19
DEF 14A
Definitive proxy
12 Mar 18
DEF 14A
Definitive proxy
13 Mar 17
DEF 14A
Definitive proxy
13 Mar 16
DEF 14A
Definitive proxy
8 Mar 15
DEF 14A
Definitive proxy
9 Mar 14
PRE 14A
Preliminary proxy
20 Feb 14
Other
UPLOAD
Letter from SEC
27 Nov 16
CORRESP
Correspondence with SEC
15 Nov 16
UPLOAD
Letter from SEC
6 Nov 16
CORRESP
Correspondence with SEC
4 Oct 16
UPLOAD
Letter from SEC
22 Sep 16
NO ACT
No action letter
2 Mar 16
UPLOAD
Letter from SEC
15 Oct 14
CORRESP
Correspondence with SEC
8 Oct 14
CORRESP
Correspondence with SEC
24 Sep 14
UPLOAD
Letter from SEC
14 Sep 14
Ownership
4
PUBLIC SERVICE ENTERPRISE / SHIRLEY A JACKSON ownership change
29 Mar 21
4
PUBLIC SERVICE ENTERPRISE / Tamara Louise Linde ownership change
17 Mar 21
4
PUBLIC SERVICE ENTERPRISE / Rose M Chernick ownership change
16 Mar 21
4
PUBLIC SERVICE ENTERPRISE / Tamara Louise Linde ownership change
4 Mar 21
4
PUBLIC SERVICE ENTERPRISE / David Matthew Daly ownership change
4 Mar 21
4
PUBLIC SERVICE ENTERPRISE / Daniel J Cregg ownership change
4 Mar 21
4
PUBLIC SERVICE ENTERPRISE / Derek M DiRisio ownership change
4 Mar 21
4
PUBLIC SERVICE ENTERPRISE / Ralph A LaRossa ownership change
4 Mar 21
4
PUBLIC SERVICE ENTERPRISE / RALPH IZZO ownership change
4 Mar 21
4
PUBLIC SERVICE ENTERPRISE / Rose M Chernick ownership change
4 Mar 21
Transcripts
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
4 May 20
2019 Q4
Earnings call transcript
26 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
30 Jul 19
2019 Q1
Earnings call transcript
2 May 19
2018 Q4
Earnings call transcript
27 Feb 19
2018 Q3
Earnings call transcript
30 Oct 18
2018 Q2
Earnings call transcript
1 Aug 18
2018 Q1
Earnings call transcript
30 Apr 18