PSE&G Prepares for Extreme Heat and Thunderstorms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: PRnewswire
- Extreme Heat Warning: The National Weather Service has issued an Extreme Heat Warning effective through Saturday evening, with strong thunderstorms expected Friday and Saturday, potentially leading to localized power outages, prompting PSE&G to encourage customers to prepare for safety.
- Emergency Response Preparedness: PSE&G has increased staffing and positioned emergency crews across its service territory to ensure rapid restoration of service in the event of outages, demonstrating the company's commitment to customer safety during severe weather.
- Infrastructure Investment: Continuous investments in modernizing the electric infrastructure have enhanced PSE&G's system reliability, allowing it to operate efficiently even under extreme weather conditions, thereby ensuring uninterrupted power supply for customers.
- Customer Safety Recommendations: The company advises customers who rely on electricity for life-sustaining medical equipment to notify PSE&G in advance and to have a backup plan in place for potential outages, ensuring safety and power availability during extreme weather events.
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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: 80.790
Low
83.00
Averages
89.77
High
98.00
Current: 80.790
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. It 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 direct wholly owned subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (PSEG Power). Its segments include PSE&G and PSEG Power. PSE&G segment 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.
PSE&G Prepares for Extreme Heat and Thunderstorms
- Extreme Heat Warning: The National Weather Service has issued an Extreme Heat Warning effective through Saturday evening, with strong thunderstorms expected Friday and Saturday, potentially leading to localized power outages, prompting PSE&G to encourage customers to prepare for safety.
- Emergency Response Preparedness: PSE&G has increased staffing and positioned emergency crews across its service territory to ensure rapid restoration of service in the event of outages, demonstrating the company's commitment to customer safety during severe weather.
- Infrastructure Investment: Continuous investments in modernizing the electric infrastructure have enhanced PSE&G's system reliability, allowing it to operate efficiently even under extreme weather conditions, thereby ensuring uninterrupted power supply for customers.
- Customer Safety Recommendations: The company advises customers who rely on electricity for life-sustaining medical equipment to notify PSE&G in advance and to have a backup plan in place for potential outages, ensuring safety and power availability during extreme weather events.
See More
PSE&G Prepares for Extreme Heat and Thunderstorms
- Extreme Heat Warning: The National Weather Service has issued an Extreme Heat Warning expected to last through Saturday, which could lead to downed trees and power lines, resulting in localized outages; PSE&G urges customers to prepare in advance to ensure safety and power supply.
- Emergency Response Preparedness: PSE&G has increased staffing and positioned repair crews across its service territory to ensure rapid response and restoration of service in the event of outages, demonstrating the company's strong commitment to customer service and emergency readiness.
- Energy Use Management: During periods of extreme heat, air conditioning usage increases, and PSE&G advises customers to reduce energy consumption by raising thermostat settings, using fans, and regularly cleaning HVAC filters to alleviate strain on the power grid.
- Customer Safety Tips: PSE&G reminds customers to stay hydrated and avoid outdoor activities during peak heat hours, providing specific guidance on safely handling downed wires and outages to ensure the safety of customers and their equipment.
See More
RBC Capital Initiates Outperform Rating on NiSource with $52 Target
- Coverage Initiation: RBC Capital has initiated coverage on NiSource (NI) with an Outperform rating and a $52 price target, highlighting the utility's above-peer EPS growth potential and favorable data center positioning in Indiana that remains underappreciated in the stock price.
- Growth Advantage: Analyst Stephen D'Ambrisi notes that NiSource's FY 2030 earnings are expected to exceed peers by approximately 200 basis points, suggesting that its 7%-8% premium could expand further, reflecting the company's attractiveness in the Midwest data center market.
- Market Opportunity: Despite NiSource's premium ranking among large-cap peers, the analyst sees potential for further multiple expansion as the data center opportunity becomes clearer and management executes on upcoming announcements.
- Competitive Landscape: Concurrently, Public Service Enterprise Group (PEG) also rose by 1.8%, with RBC Capital assigning a Sector Perform rating and an $81 price target, indicating that the regulatory overhang in New Jersey may be easing, although more clarity on the future path is still needed.
See More
PSE&G Prepares for Extreme Heat in New Jersey
- Heat Warning: New Jersey is expected to experience temperatures exceeding 100 degrees Fahrenheit this week, prompting PSE&G to encourage customers to take steps to reduce energy usage and manage their bills to prevent potential power outages.
- System Modernization: PSE&G continually invests in modernizing its electric system to ensure safe power delivery during extreme weather, enhancing grid reliability and resilience to cope with frequent heat waves.
- Energy Management: During hot weather, cooling a home can increase energy consumption by 300%, and PSE&G offers various energy efficiency programs and tools to help customers effectively manage and reduce their electricity usage.
- Bill Payment Support: PSE&G collaborates with community organizations to provide various energy assistance options, including the Low Income Home Energy Assistance Program (LIHEAP) and Equal Payment Plans, to help customers cope with high energy bills.
See More
PSE&G Prepares for Heat Wave in New Jersey
- Heat Wave Alert: New Jersey is expected to experience temperatures exceeding 100 degrees this week, prompting PSE&G to encourage customers to take steps to reduce energy usage and manage bills to avoid potential power outages due to high demand.
- System Modernization: PSE&G continuously invests in modernizing its electric system to ensure safe power delivery during extreme weather, enhancing the resilience and reliability of its infrastructure to meet high customer expectations.
- Energy Management Tips: During the heat wave, PSE&G advises customers to raise thermostat settings, use ceiling fans, and run appliances during early morning or late evening to lower energy consumption and mitigate the financial impact of increased electricity bills.
- Bill Payment Assistance: PSE&G collaborates with nonprofits to provide energy assistance options for eligible customers, including the Low Income Home Energy Assistance Program (LIHEAP), to help those facing temporary financial crises manage their energy costs.
See More
PSEG Long Island Enhances Grid Reliability Ahead of Hurricane Season
- Grid Enhancements: PSEG Long Island has implemented numerous upgrades to its electric grid and systems, aimed at improving reliability during extreme weather conditions, thereby ensuring better service for customers during hurricane season and peak electrical demand.
- Extreme Weather Preparedness: While unable to control the weather, PSEG Long Island has enhanced its storm processes to improve its ability to respond to hurricanes and other extreme weather events, which is expected to reduce customer inconvenience due to outages.
- Reliability Commitment: The company is committed to being the most reliable overhead electric service provider in New York State, and through these measures, PSEG Long Island aims to enhance customer satisfaction and strengthen its competitive position in the market.
- Summer Peak Readiness: With summer approaching, PSEG Long Island is prepared to meet the upcoming peak electrical demand, ensuring stable power supply during extreme heat, thus safeguarding the electricity needs of residents and commercial users.
See More
PSE&G Prepares for Extreme Heat and Thunderstorms
- Extreme Heat Warning: The National Weather Service has issued an Extreme Heat Warning effective through Saturday evening, with strong thunderstorms expected Friday and Saturday, potentially leading to localized power outages, prompting PSE&G to encourage customers to prepare for safety.
- Emergency Response Preparedness: PSE&G has increased staffing and positioned emergency crews across its service territory to ensure rapid restoration of service in the event of outages, demonstrating the company's commitment to customer safety during severe weather.
- Infrastructure Investment: Continuous investments in modernizing the electric infrastructure have enhanced PSE&G's system reliability, allowing it to operate efficiently even under extreme weather conditions, thereby ensuring uninterrupted power supply for customers.
- Customer Safety Recommendations: The company advises customers who rely on electricity for life-sustaining medical equipment to notify PSE&G in advance and to have a backup plan in place for potential outages, ensuring safety and power availability during extreme weather events.
See More
PSE&G Prepares for Extreme Heat and Thunderstorms
- Extreme Heat Warning: The National Weather Service has issued an Extreme Heat Warning expected to last through Saturday, which could lead to downed trees and power lines, resulting in localized outages; PSE&G urges customers to prepare in advance to ensure safety and power supply.
- Emergency Response Preparedness: PSE&G has increased staffing and positioned repair crews across its service territory to ensure rapid response and restoration of service in the event of outages, demonstrating the company's strong commitment to customer service and emergency readiness.
- Energy Use Management: During periods of extreme heat, air conditioning usage increases, and PSE&G advises customers to reduce energy consumption by raising thermostat settings, using fans, and regularly cleaning HVAC filters to alleviate strain on the power grid.
- Customer Safety Tips: PSE&G reminds customers to stay hydrated and avoid outdoor activities during peak heat hours, providing specific guidance on safely handling downed wires and outages to ensure the safety of customers and their equipment.
See More
RBC Capital Initiates Outperform Rating on NiSource with $52 Target
- Coverage Initiation: RBC Capital has initiated coverage on NiSource (NI) with an Outperform rating and a $52 price target, highlighting the utility's above-peer EPS growth potential and favorable data center positioning in Indiana that remains underappreciated in the stock price.
- Growth Advantage: Analyst Stephen D'Ambrisi notes that NiSource's FY 2030 earnings are expected to exceed peers by approximately 200 basis points, suggesting that its 7%-8% premium could expand further, reflecting the company's attractiveness in the Midwest data center market.
- Market Opportunity: Despite NiSource's premium ranking among large-cap peers, the analyst sees potential for further multiple expansion as the data center opportunity becomes clearer and management executes on upcoming announcements.
- Competitive Landscape: Concurrently, Public Service Enterprise Group (PEG) also rose by 1.8%, with RBC Capital assigning a Sector Perform rating and an $81 price target, indicating that the regulatory overhang in New Jersey may be easing, although more clarity on the future path is still needed.
See More
PSE&G Prepares for Extreme Heat in New Jersey
- Heat Warning: New Jersey is expected to experience temperatures exceeding 100 degrees Fahrenheit this week, prompting PSE&G to encourage customers to take steps to reduce energy usage and manage their bills to prevent potential power outages.
- System Modernization: PSE&G continually invests in modernizing its electric system to ensure safe power delivery during extreme weather, enhancing grid reliability and resilience to cope with frequent heat waves.
- Energy Management: During hot weather, cooling a home can increase energy consumption by 300%, and PSE&G offers various energy efficiency programs and tools to help customers effectively manage and reduce their electricity usage.
- Bill Payment Support: PSE&G collaborates with community organizations to provide various energy assistance options, including the Low Income Home Energy Assistance Program (LIHEAP) and Equal Payment Plans, to help customers cope with high energy bills.
See More
PSE&G Prepares for Heat Wave in New Jersey
- Heat Wave Alert: New Jersey is expected to experience temperatures exceeding 100 degrees this week, prompting PSE&G to encourage customers to take steps to reduce energy usage and manage bills to avoid potential power outages due to high demand.
- System Modernization: PSE&G continuously invests in modernizing its electric system to ensure safe power delivery during extreme weather, enhancing the resilience and reliability of its infrastructure to meet high customer expectations.
- Energy Management Tips: During the heat wave, PSE&G advises customers to raise thermostat settings, use ceiling fans, and run appliances during early morning or late evening to lower energy consumption and mitigate the financial impact of increased electricity bills.
- Bill Payment Assistance: PSE&G collaborates with nonprofits to provide energy assistance options for eligible customers, including the Low Income Home Energy Assistance Program (LIHEAP), to help those facing temporary financial crises manage their energy costs.
See More
PSEG Long Island Enhances Grid Reliability Ahead of Hurricane Season
- Grid Enhancements: PSEG Long Island has implemented numerous upgrades to its electric grid and systems, aimed at improving reliability during extreme weather conditions, thereby ensuring better service for customers during hurricane season and peak electrical demand.
- Extreme Weather Preparedness: While unable to control the weather, PSEG Long Island has enhanced its storm processes to improve its ability to respond to hurricanes and other extreme weather events, which is expected to reduce customer inconvenience due to outages.
- Reliability Commitment: The company is committed to being the most reliable overhead electric service provider in New York State, and through these measures, PSEG Long Island aims to enhance customer satisfaction and strengthen its competitive position in the market.
- Summer Peak Readiness: With summer approaching, PSEG Long Island is prepared to meet the upcoming peak electrical demand, ensuring stable power supply during extreme heat, thus safeguarding the electricity needs of residents and commercial users.
See More
