secwatch.observer — SEC 8-K summary
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Issuer:     PUBLIC SERVICE ENTERPRISE GROUP INC (PEG)
CIK:        0000788784
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001193125-25-034436
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788784/000119312525034436/0001193125-25-034436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81033/000119312525034436/d928125d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-034436

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