Solid Financial Performance
PSEG reported net income of $1.18 per share for Q1 2025, up from $1.06 per share in 2024. Non-GAAP operating earnings were $1.43 per share, compared to $1.31 in 2024.
Regulated Capital Investment Plan
PSEG is maintaining its five-year regulated capital investment plan of $21 billion to $24 billion through 2029, which supports a rate base CAGR of 6% to 7.5%.
Nuclear Operations Performance
PSEG's nuclear operations generated approximately 8.4 terawatt hours of clean and reliable baseload power, achieving a fleet capacity factor of 99.9%.
Energy Efficiency Program
PSEG began rolling out the second phase of its Clean Energy Future - Energy Efficiency II program, aimed at helping customers save energy and reduce carbon emissions.