---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-034436"
form_type: "8-K"
ticker: "PEG"
cik: "0000788784"
company_name: "PUBLIC SERVICE ENTERPRISE GROUP INC"
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T05:16:44.115266+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PSEG reports FY2024 non-GAAP EPS $3.68, initiates 2025 guidance $3.94-$4.06, raises capex plan

## Summary
- FY2024 net income $1,772M ($3.54 GAAP EPS); non-GAAP operating earnings $1,839M ($3.68 EPS).
- 2025 non-GAAP EPS guidance $3.94-$4.06, midpoint up ~9% vs 2024; extends 5-7% CAGR through 2029.
- 2025-2029 capex plan raised to $22.5-26B (up $3.5B); PSE&G rate base CAGR 6-7.5% from ~$34B YE2024.
- Dividend increased to $2.52 annual ($0.63/quarter), reflecting confidence in growth.
- PSE&G settled rate case (9.6% ROE, $17.8B rate base); CEF-EE II approved ~$2.9B; nuclear PTC benefit started Jan 2024.

## SEC filing metadata
- accession: 0001193125-25-034436
- form_type: 8-K
- ticker: PEG
- cik: 0000788784
- company_name: PUBLIC SERVICE ENTERPRISE GROUP INC
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788784/000119312525034436/0001193125-25-034436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/81033/000119312525034436/d928125d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-034436
- JSON: https://secwatch.observer/filing/0001193125-25-034436.json
- Plain text: https://secwatch.observer/filing/0001193125-25-034436.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.