Start a Post »                 Learn more about posting on Energy Central ». New Hampshire has just one coal plant left, Merrimack Station, which has a shrinking capacity factor. Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. Working 16-hour shifts, PSEG Long Island crews have made significant progress restoring customers impacted by the strong winds and hazardous gusts. Non-GAAP Adjusted EBITDA also allows investors and other users to assess the underlying financial performance of our fleet before management's decision to deploy capital. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. This compares to year-ago revenues of $2.30 billion. With temperature continuing upwards of 90 degrees forecasted for today and tomorrow, PSEG Long Island is prepared for the extreme heat and encourages its customers to be ready as well. Non-GAAP Adjusted EBITDA also allows investors and other users to assess the underlying financial performance of our fleet before management's decision to deploy capital. So, the shares are expected to perform in line with the market in the near future. In his new role, Ledford will have oversight of the philanthropic areas of corporate citizenship: volunteerism, corporate giving and the foundation’s programs operations. Over the past few weeks, PSEG Long Island has been helping to energize our healthcare heroes by providing catered meals to local hospitals and healthcare facilities on the frontlines of the coronavirus pandemic.

New Jersey has aggressively managed its positivity rates since the spring with some recent resurgence and continues a phased reopening of businesses, schools, and activities, which will determine the pace of economic recovery. Public Service Electric & Gas Co., New Jersey’s largest utility, is prepared for the forecasted weather that could bring thunderstorms and strong winds to the company’s service territory through Friday. The gusty winds may cause tree limbs to break and pull down wires, causing outages. View All Customer Service Center Locations, PSEG to Explore Strategic Alternatives for PSEG Power's Non-Nuclear Fleet, N.J. to Build Massive Wind Port Facility in Salem County, BPU approves PSE&G’s Clean Energy Future proposal — which comes with numerous programs to help businesses of all sizes, PSEG Long Island Helps Island Harvest Support People in Need, PSEG Foundation to Fund First-of-Its-Kind Police Reform Initiative by Rutgers University Center on Policing, PSEG Submits Application for Zero Emission Certificates to Continue to Preserve New Jersey’s Largest Source of Carbon-Free Electricity, PSE&G Gains Approval for Landmark Clean Energy Future-Energy Efficiency Program, PSE&G is Prepared to Respond to Hurricane Laura, PSE&G is Prepared to Respond to Strong Winds, Severe Storms, PSEG Long Island to Reimburse Customers for Food and Medicines Spoiled During Tropical Storm Isaias, PSE&G to Reimburse Customers for Food and Medicines Spoiled During Tropical Storm Isaias, PSE&G Encourages Gas Customers to Test Gas Heating Systems Now, PSEG Names Calvin Ledford Jr. as President of PSEG Foundation.

EV on-board chargers are essentially a power factor of one. The Utility continues to monitor Hurricane Isaias, has extra personnel at the ready and encourages customers to prepare for possible flooding and power outages. Residential electric and gas sales and usage were up 5% and 4%, respectively, on a weather normalized basis year-to-date. PSEG Long Island is reporting 12,458 of its approximately 1.1 million customers across Long Island and the Rockaways are currently without service. NEWARK, N.J., Oct. 30, 2020 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported Net Income for the third quarter of 2020 of $575 million, or $1.14 per share, compared to Net Income of $403 million, or $0.79 per share, in the third quarter of 2019. PSE&G reports nearly 66,000 of our 2.3 million electric customers remain without power as a result of yesterday’s derecho and evening storms, while more than 68% of customers who lost power have had it restored. Continuing strong progress, PSEG Long Island employees and contractor crews have restored more than 260,000 customers affected by Tropical Storm Isaias, which was one of the strongest to hit the service area in years. PSEG announced today that it is donating more than 50,000 N95 respirator masks to one of New Jersey’s largest health care systems in an effort to help the medical community meet its increased need for protective equipment amid the COVID-19 pandemic. New Jersey implemented an increase in a corporate surtax to 2.5% during the quarter, lowering comparisons by $0.01 per share to third quarter 2019. NEWARK, N.J., Oct. 30, 2020 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported Net Income for the third quarter of 2020 of $575 million, or $1.14 per share, compared to Net Income of $403 million, or $0.79 per share, in the third quarter of 2019. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Bergen and Essex counties currently have the most outages. PSE&G has a full complement of staff ready to respond, has performed system checks on critical transmission and distribution equipment, and performed logistics checks to ensure the availability of critical materials, fuel and other supplies.

For the remainder of 2020, Power has hedged approximately 95% - 100% of production at an average price of $36 per MWh. A caravan of PSEG Long Island service trucks carrying more than a dozen lineworkers left this morning to help restore power in New Jersey after strong thunderstorms passed through the state yesterday. We remain on-track to execute on PSEG's 2020-2024, $13 billion to $15.7 billion capital plan, which we updated following the Clean Energy Future – EE decision. Izzo continued, "In early August, Tropical Storm Isaias wreaked havoc with powerful winds and heavy rains in a fast moving storm that left approximately 575,000 of our New Jersey and 420,000 Long Island customers without power. The forecast for PSEG Enterprise/Other for 2020 has been updated to a Net Loss of $10 million (from a Net Loss of $5 million).

With a recent uptick in the number of reported phone scam attempts, PSEG Long Island again urges residents and business owners to make themselves aware of the tactics scammers use to try to steal their money. Approximately 5,544 of that total are outages reported during the storm period, which impacted 420,000 customers.



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