The company estimated its regulated capital investment program for 2025 through 2029 at $21 billion to $24 billion and expected a compound annual growth rate in its regulated rate base from year-end 2024 to year-end 2029 in a range of 6% to 7.5%.

1. 01

   The company estimated its regulated capital investment program for 2025 through 2029 at $21 billion to $24 billion and expected a compound annual growth rate in its regulated rate base from year-end 2024 to year-end 2029 in a range of 6% to 7.5%.

2. 02

   The company said PSE&G's operating revenues for Q1 2025 increased $331 million compared with the prior-year period, with delivery revenues rising $147 million. It cited the increase in electric and gas revenues from the recently settled distribution base rate case of $163 as a factor in the delivery revenue increase.

3. 03

   The company said its nuclear units generated approximately 8.4 terawatt hours during the first 3 months of 2025 and operated at a capacity factor of 99.9%.

4. 04

   The company said operating cash flow for the 3 months ended March 31, 2025 increased $388 million compared with the prior-year period. It said PSE&G's operating cash flow increased $224 million from $408 million to $632 million.

Key figures

Quarter ended March 31, 2025

Revenue

$3.2B

Operating income

$797M

Net income

$589M

EPS

$1.18

Operating cash flow

$1.0B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.