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Public Service Enterprise Group Incorporated (PEG) Q2 2021 Earnings Call Transcript


Operator
Ladies and gentlemen, thank you for standing by. My name is Carol, and I m your event operator today. I would like to welcome everyone to today s conference, Public Service Enterprise Group s Second Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions] Today, August 3, 2021, and will be available beginning at 2:00 p.M. Eastern Standard Time today as an audio webcast on PSEG s corporate website at investor.pseg.com.
I would now like to turn the conference over to Carlotta Chan. Please go ahead.
Carlotta N. Chan
ice President of Investor Relations
Thank you, Carol. Good morning, and thank you for participating in our earnings call. PSEG s second quarter 2021 earnings release, attachments and slides detailing operating results by company are posted on our website at investor.pseg.com, and our 10-Q will be filed shortly. The earnings release and other matters discussed during today s call contain forward-looking statements and estim ....

New Jersey , United States , Hope Creek , New York , Department Of Energy , District Of Columbia , White House , Artificial Island , Long Island , Dan Cregg , Durgesh Chopra , Bill Pascrell , Dave Daly , Paul Patterson , Gina Mccarthy , Jonathan Arnold , Goldman Sachs , Ralph Izzo , Julien Dumoulin Smith , Carlotta Chan , Carlottan Chan , Kim Hanemann , Durgesh Chopra Evercore , Danielj Cregg , England Asset Group , Paul Patterson Glenrock Associates Analyst ,

PSEG Announces 2021 First Quarter Results


PSEG Announces 2021 First Quarter Results
$1.28 PER SHARE OF NET INCOME
NON-GAAP OPERATING EARNINGS OF $1.28 PER SHARE
Re-Affirms Non-GAAP 2021 Operating Earnings Guidance of $3.35 - $3.55 per Share
BPU Extends $10/MWh Zero Emission Certificates for Three NJ Nuclear Units to May 2025
Progress on Strategic Alternatives Yields Sale of Solar Source Portfolio
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NEWARK, N.J., May 5, 2021 /PRNewswire/  Public Service Enterprise Group (NYSE: PEG) reported Net Income for the first quarter of 2021 of $648 million, or $1.28 per share as compared to Net Income of $448 million, or $0.88 per share, in the first quarter of 2020. Non-GAAP Operating Earnings for the first quarter of 2021 were $650 million, or $1.28 per share, compared to non-GAAP Operating Earnings for the first quarter of 2020 of $520 million, or $1.03 per share. Non-GAAP results for the first quarter exclude items shown in Attachments 7 ....

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