Public Service Enterprise Group

Methodology

PSEG's regulated utility operations and fossil generation create relatively predictable earnings from New Jersey rate cases and power contracts. Nuclear fleet and transmission investments provide growth visibility. The calculation works reasonably well when normalizing for power market volatility and focusing on regulated utility earnings contribution.

Methodology

PSEG typically trades at moderate PEG ratios consistent with regulated utilities, reflecting infrastructure investment growth offset by fossil generation exposure. The metric should focus on regulated operations rather than competitive generation. Compare to Northeast utility peers while considering PSEG's merchant generation exposure and nuclear fleet.

Methodology

PSEG offers a substantial dividend typical of regulated utilities, making PEGY important for evaluating total return potential. The dividend provides most of the expected return alongside modest rate base growth. For utility investors, dividend sustainability and regulatory recovery matter as much as growth metrics.