The company said it expects regulated capital investments of $18 billion to $21 billion for 2024-2028, and a compound annual growth rate in its regulated rate base of 6% to 7.5% from year-end 2023 to year-end 2028.

1. 01

   The company said it expects regulated capital investments of $18 billion to $21 billion for 2024-2028, and a compound annual growth rate in its regulated rate base of 6% to 7.5% from year-end 2023 to year-end 2028.

2. 02

   PSEG said its PSEG Power & Other results for 2023 included an after-tax pension charge of $239 million due to the settlement of a portion of its qualified pension plans.

3. 03

   The company said its operating cash flow increased $2,303 million in 2023, citing a net inflow of $1,408 million in cash collateral postings at PSEG Power (compared with a $677 million outflow in 2022) and lower tax payments as the main factors.

4. 04

   The company said it filed a distribution base rate case on December 2023, as required by the BPU, under its GSMP II and Energy Strong II programs, proposing an overall revenue increase of 9% and a 12% increase for the combined typical residential electric and gas customer.

Key figures

Fiscal year ended December 31, 2023

Revenue

$11.2B

Operating income

$3.7B

Net income

$2.6B

EPS

$5.13

Operating cash flow

$3.8B

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.