Public Service Enterprise Group Inc.

**Earnings Performance and Guidance**: PSEG reported a net income of $1.04 per share for Q3 2024, up from $0.27 per share in Q3 2023. Non-GAAP operating earnings were $0.90 per share, slightly increased from $0.85 per share in the same quarter last year. For full-year 2024, PSEG has narrowed its non-GAAP operating earnings guidance range from $3.60-$3.70 to $3.64-$3.68 per share, indicating solid financial health amid ongoing regulatory changes.

**Regulatory Success and Rate Increases**: The company successfully resolved crucial regulatory filings, including the approval of PSE&G’s first rate case since 2018, resulting in an additional $505 million in annual revenues from new distribution rates effective October 15. This indicates strong regulatory alignment, which helps mitigate financial unpredictability and provides more stable earnings growth.

**Robust Capital Investment Plan**: PSEG is on track to execute a $19 billion to $22.5 billion capital investment plan through 2028, with $3.5 billion expected for 2024. Investments are focused on infrastructure modernization and energy efficiency programs, which are essential for supporting long-term growth and reliability.