PSEG Long Island Honors Electric Workers on National Day of Appreciation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy PEG?
Source: PRnewswire
- Tribute to Electric Workers: On National Day of Appreciation for Electric Workers, PSEG Long Island acknowledges the dedication of its 700 line workers who ensure reliable power supply to 1.2 million customers even under adverse weather conditions.
- Commitment to 24/7 Service: PSEG Long Island's line workers are on standby 24 hours a day, ready to respond to emergencies, ensuring continuous power service during storms and natural disasters, reflecting the company's commitment to its customers.
- Operational Efficiency Assurance: Vice President Michael Sullivan emphasizes that the efforts of line workers are crucial for the company to be recognized as the most reliable electric service provider in New York, especially during extreme weather with 16-hour shifts.
- Long-Term Contract Support: PSEG Long Island operates under a long-term contract with the Long Island Power Authority for transmission and distribution, as a subsidiary of PSEG, continuously dedicated to providing quality service to its customers.
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Analyst Views on PEG
Wall Street analysts forecast PEG stock price to rise
12 Analyst Rating
8 Buy
4 Hold
0 Sell
Moderate Buy
Current: 82.040
Low
83.00
Averages
89.77
High
98.00
Current: 82.040
Low
83.00
Averages
89.77
High
98.00
About PEG
Public Service Enterprise Group Incorporated is a regulated infrastructure company operating New Jersey’s transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. The Company also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power-generating units. The Company principally conducts its business through two wholly owned subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (PSEG Power). The Company’s segments include PSE&G and PSEG Power. PSE&G is a public utility engaged principally in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. PSEG Power is an energy supply company that consists of the operations of merchant nuclear generating assets and fuel supply functions engaged in competitive energy sales via its principal direct wholly owned subsidiaries. The Company also has other wholly owned subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PSEG Long Island Honors Electric Workers on National Day of Appreciation
- Tribute to Electric Workers: On National Day of Appreciation for Electric Workers, PSEG Long Island acknowledges the dedication of its 700 line workers who ensure reliable power supply to 1.2 million customers even under adverse weather conditions.
- Commitment to 24/7 Service: PSEG Long Island's line workers are on standby 24 hours a day, ready to respond to emergencies, ensuring continuous power service during storms and natural disasters, reflecting the company's commitment to its customers.
- Operational Efficiency Assurance: Vice President Michael Sullivan emphasizes that the efforts of line workers are crucial for the company to be recognized as the most reliable electric service provider in New York, especially during extreme weather with 16-hour shifts.
- Long-Term Contract Support: PSEG Long Island operates under a long-term contract with the Long Island Power Authority for transmission and distribution, as a subsidiary of PSEG, continuously dedicated to providing quality service to its customers.
See More
PSEG Long Island Celebrates Lineworker Appreciation Day
- Lineworker Contribution: In honor of Lineworker Appreciation Day, PSEG Long Island recognizes the hard work of its approximately 700 field personnel who work around the clock to ensure safe and reliable electric service for 1.2 million customers.
- Emergency Response Capability: Whether replacing equipment on clear days or working 16-hour shifts during storms and natural disasters, PSEG Long Island's lineworkers are always prepared to respond to emergencies, showcasing exceptional readiness.
- Service Quality Assurance: Michael Sullivan, Vice President of PSEG Long Island, emphasizes that the dedication of these lineworkers is what makes the company the most reliable electric service provider in New York State, ensuring customers receive the quality service they expect.
- Long-term Contract Operations: PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract, reinforcing its position in the energy sector as a subsidiary of Public Service Enterprise Group.
See More
PSEG Long Island Honors Lineworkers on Appreciation Day
- Power Service Assurance: In honor of National Lineworker Appreciation Day, PSEG Long Island highlights its 700 lineworkers who work around the clock to ensure 1.2 million customers receive safe and reliable electric service even in adverse weather, demonstrating the company's commitment to service quality.
- Emergency Response Capability: Vice President Michael Sullivan emphasizes that lineworkers not only replace equipment on clear days but also respond to emergencies with 16-hour shifts during storms and natural disasters, showcasing the team's dedication and professionalism.
- Long-Term Contract Operations: PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract, ensuring stability and reliability in the power service market, further solidifying its leadership position in the state.
- Community Engagement and Recognition: By actively engaging with the public through social media platforms, PSEG Long Island enhances its brand image and builds customer trust in its services, reflecting its sense of responsibility and involvement in the community.
See More
Public Service Enterprise Group Downgraded by Jefferies
- Downgrade Impact: Jefferies downgraded Public Service Enterprise Group (PSEG) from Buy to Hold with an $89 price target, primarily due to reduced confidence in a nuclear data center deal, which has diminished investor interest in existing assets, negatively impacting stock performance.
- Nuclear Project Outlook: Although analyst Paul Zimbardo remains hopeful for PSEG to sign a virtual power purchase agreement and credit customers some value, he expresses caution regarding this possibility, suggesting that while pursuing new nuclear projects, the odds of securing an on-campus data center may not improve.
- Transmission Risk Focus: Investors are increasingly concerned about PSEG's transmission exposure, with approximately 38% of the FY 2025 rate base coming from this segment; the analyst notes that the company's 9.9% base return on equity appears safe but is vulnerable to legislation mandating participation in regional transmission organizations, which poses a risk to share prices.
- Changing Investment Environment: PSEG's strong narrative has been undermined by high electric rates in 2025 and the focus of New Jersey Governor Sherrill on utility rate freezes, leading the analyst to conclude that the company will face a slower investment pace and increased reliance on unregulated earnings growth in a less accommodating policy environment.
See More
Comprehensive Overview of Power Plant Construction in New Jersey
- Complex Construction Process: Building a power plant in New Jersey involves multiple stages including planning, permitting, construction, and commissioning, requiring adherence to strict safety and environmental standards to ensure economic viability and reliability.
- Varied Construction Timelines: The construction duration varies significantly by plant type, with utility-scale solar and wind typically taking 1-2 years, natural gas combined-cycle plants 2-3 years, and nuclear plants potentially 10-15 years, reflecting the complexities of planning and licensing.
- Land Requirement Differences: Natural gas and nuclear plants require significantly less land, at 200 acres and 832 acres respectively, while wind and solar farms demand extensive land, with wind needing 50,000-70,000 acres per 1,000 MW and solar 5,000-10,000 acres, impacting site selection and environmental assessments.
- Operational Readiness Phase: After construction, plants undergo commissioning to ensure equipment operates correctly and meets technical standards, transitioning to operational readiness to begin supplying electricity to New Jersey's grid, thereby supporting the growing demand for reliable power.
See More
PSEG to Host Q1 2026 Earnings Call on May 5
- Earnings Call Schedule: PSEG will host its Q1 2026 earnings call on May 5 at 11:00 a.m. ET, where management will discuss financial results, guidance, and capital investments, aiming to enhance investor understanding of the company's financial health.
- Webcast Access: Investors can access the audio webcast and accompanying presentation materials through the Investor News and Events section of PSEG's Investor Relations website, ensuring transparency and timely information dissemination.
- Replay Availability: A replay of the audio webcast and presentation materials will be available by May 6 on the same website, further enhancing investors' ability to track company developments.
- Company Background: PSEG is one of the largest utility companies in the U.S., serving approximately 2.4 million electric and 1.9 million natural gas customers, and owns a fleet of 3,758 MW of carbon-free nuclear power, demonstrating its long-term commitment to sustainable energy solutions.
See More
PSEG Long Island Honors Electric Workers on National Day of Appreciation
- Tribute to Electric Workers: On National Day of Appreciation for Electric Workers, PSEG Long Island acknowledges the dedication of its 700 line workers who ensure reliable power supply to 1.2 million customers even under adverse weather conditions.
- Commitment to 24/7 Service: PSEG Long Island's line workers are on standby 24 hours a day, ready to respond to emergencies, ensuring continuous power service during storms and natural disasters, reflecting the company's commitment to its customers.
- Operational Efficiency Assurance: Vice President Michael Sullivan emphasizes that the efforts of line workers are crucial for the company to be recognized as the most reliable electric service provider in New York, especially during extreme weather with 16-hour shifts.
- Long-Term Contract Support: PSEG Long Island operates under a long-term contract with the Long Island Power Authority for transmission and distribution, as a subsidiary of PSEG, continuously dedicated to providing quality service to its customers.
See More
PSEG Long Island Celebrates Lineworker Appreciation Day
- Lineworker Contribution: In honor of Lineworker Appreciation Day, PSEG Long Island recognizes the hard work of its approximately 700 field personnel who work around the clock to ensure safe and reliable electric service for 1.2 million customers.
- Emergency Response Capability: Whether replacing equipment on clear days or working 16-hour shifts during storms and natural disasters, PSEG Long Island's lineworkers are always prepared to respond to emergencies, showcasing exceptional readiness.
- Service Quality Assurance: Michael Sullivan, Vice President of PSEG Long Island, emphasizes that the dedication of these lineworkers is what makes the company the most reliable electric service provider in New York State, ensuring customers receive the quality service they expect.
- Long-term Contract Operations: PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract, reinforcing its position in the energy sector as a subsidiary of Public Service Enterprise Group.
See More
PSEG Long Island Honors Lineworkers on Appreciation Day
- Power Service Assurance: In honor of National Lineworker Appreciation Day, PSEG Long Island highlights its 700 lineworkers who work around the clock to ensure 1.2 million customers receive safe and reliable electric service even in adverse weather, demonstrating the company's commitment to service quality.
- Emergency Response Capability: Vice President Michael Sullivan emphasizes that lineworkers not only replace equipment on clear days but also respond to emergencies with 16-hour shifts during storms and natural disasters, showcasing the team's dedication and professionalism.
- Long-Term Contract Operations: PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract, ensuring stability and reliability in the power service market, further solidifying its leadership position in the state.
- Community Engagement and Recognition: By actively engaging with the public through social media platforms, PSEG Long Island enhances its brand image and builds customer trust in its services, reflecting its sense of responsibility and involvement in the community.
See More
Public Service Enterprise Group Downgraded by Jefferies
- Downgrade Impact: Jefferies downgraded Public Service Enterprise Group (PSEG) from Buy to Hold with an $89 price target, primarily due to reduced confidence in a nuclear data center deal, which has diminished investor interest in existing assets, negatively impacting stock performance.
- Nuclear Project Outlook: Although analyst Paul Zimbardo remains hopeful for PSEG to sign a virtual power purchase agreement and credit customers some value, he expresses caution regarding this possibility, suggesting that while pursuing new nuclear projects, the odds of securing an on-campus data center may not improve.
- Transmission Risk Focus: Investors are increasingly concerned about PSEG's transmission exposure, with approximately 38% of the FY 2025 rate base coming from this segment; the analyst notes that the company's 9.9% base return on equity appears safe but is vulnerable to legislation mandating participation in regional transmission organizations, which poses a risk to share prices.
- Changing Investment Environment: PSEG's strong narrative has been undermined by high electric rates in 2025 and the focus of New Jersey Governor Sherrill on utility rate freezes, leading the analyst to conclude that the company will face a slower investment pace and increased reliance on unregulated earnings growth in a less accommodating policy environment.
See More
Comprehensive Overview of Power Plant Construction in New Jersey
- Complex Construction Process: Building a power plant in New Jersey involves multiple stages including planning, permitting, construction, and commissioning, requiring adherence to strict safety and environmental standards to ensure economic viability and reliability.
- Varied Construction Timelines: The construction duration varies significantly by plant type, with utility-scale solar and wind typically taking 1-2 years, natural gas combined-cycle plants 2-3 years, and nuclear plants potentially 10-15 years, reflecting the complexities of planning and licensing.
- Land Requirement Differences: Natural gas and nuclear plants require significantly less land, at 200 acres and 832 acres respectively, while wind and solar farms demand extensive land, with wind needing 50,000-70,000 acres per 1,000 MW and solar 5,000-10,000 acres, impacting site selection and environmental assessments.
- Operational Readiness Phase: After construction, plants undergo commissioning to ensure equipment operates correctly and meets technical standards, transitioning to operational readiness to begin supplying electricity to New Jersey's grid, thereby supporting the growing demand for reliable power.
See More
PSEG to Host Q1 2026 Earnings Call on May 5
- Earnings Call Schedule: PSEG will host its Q1 2026 earnings call on May 5 at 11:00 a.m. ET, where management will discuss financial results, guidance, and capital investments, aiming to enhance investor understanding of the company's financial health.
- Webcast Access: Investors can access the audio webcast and accompanying presentation materials through the Investor News and Events section of PSEG's Investor Relations website, ensuring transparency and timely information dissemination.
- Replay Availability: A replay of the audio webcast and presentation materials will be available by May 6 on the same website, further enhancing investors' ability to track company developments.
- Company Background: PSEG is one of the largest utility companies in the U.S., serving approximately 2.4 million electric and 1.9 million natural gas customers, and owns a fleet of 3,758 MW of carbon-free nuclear power, demonstrating its long-term commitment to sustainable energy solutions.
See More
