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Public Service Enterprise Group Inc (PEG) Q1 2021 Earnings Call Transcript

Operator
Ladies and gentlemen, thank you for standing by. My name is Christi, and I am your event operator today. I would like to welcome everyone to today s conference, Public Service Enterprise Group First Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, the conference is being recorded today, May 5, 2021, and will be available for telephone replay beginning at 2:00 p.m. Eastern Time today until 11:30 p.m. Eastern Time on May 11, 2021. It will also be available 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. ....

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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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