Public Service Enterprise Group Says Rate Case Filed Today Seeks To Recover Over $3B In Capital Investments Made Over Past Several Years; Company Requests An Overall Bill Increase Of Approximately 9%
Portfolio Pulse from Benzinga Newsdesk
Public Service Enterprise Group (PSEG) has filed a rate case seeking to recover over $3 billion in capital investments made in recent years. The company is requesting an overall bill increase of approximately 9% to facilitate this recovery.
December 29, 2023 | 12:46 pm
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NEUTRAL IMPACT
PSEG is looking to recover over $3 billion in capital investments through a rate case that would result in a 9% increase in bills for customers.
The filing of a rate case by PSEG to recover capital investments is a significant move that could impact revenue positively if approved. However, regulatory processes are lengthy and outcomes uncertain, which makes the short-term impact on the stock price neutral. The importance is high due to the substantial amount of capital investment involved, but the confidence in the short-term impact is not absolute due to the nature of regulatory decisions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100