secwatch.observer — SEC 8-K summary
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Issuer:     PUBLIC SERVICE ENTERPRISE GROUP INC (PEG)
CIK:        0000788784
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001193125-23-200002
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PSEG Q2 non-GAAP EPS $0.70 vs $0.64 YoY; reaffirms FY guidance $3.40-$3.50
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- Net income $591M ($1.18 EPS) vs $131M ($0.26) in Q2 2022; non-GAAP op earnings $351M ($0.70) vs $320M ($0.64).
- Reaffirms FY2023 non-GAAP EPS guidance $3.40-$3.50; rate base growth 6%-7.5% through 2027.
- Completed sale of offshore wind investment; pension lift-out transfers ~$1B obligations to Prudential for ~2,000 retirees; expects $225M-$260M non-cash charge in Q3.
- PSE&G non-GAAP op earnings $341M vs $305M; PSEG Power & Other $10M vs $15M.
- Long-term non-GAAP op earnings growth rate 5%-7% through 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788784/000119312523200002/0001193125-23-200002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81033/000119312523200002/d505366d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-200002

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