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-0.000804564072556943 0.00014628437682863 0.0021942656524284 -0.00321825629022819 -0.000438853130485681 -0.0021942656524282 0.00277940315974251 0.0112638970157989
Stock impact report

Public Service Enterprise's first-quarter profit drags as interest cost weighs [Yahoo! Finance]

Public Service Enterprise Group Incorporated (PEG) 
Last public service enterprise group incorporated earnings: 2/26 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.pseg.com
Company Research Source: Yahoo! Finance
Interest rates in the U.S. have hit multi-decadal highs since the Federal Reserve began hiking rates last year, leading to higher borrowing costs. The Newark, New Jersey-based company's operating and maintenance costs, which include restoration costs due to bad weather, rose 5.4%, while interest expenses climbed about 13.8% to $205 million in the first quarter. New Jersey and other states in the eastern half of the U.S. experienced a massive winter storm at the start of the year which knocked out power for many homes and businesses. "On the operations side, PSE&G met the challenge of quickly restoring service to tens of thousands of customers following a severe rain and windstorm early in the year..." said CEO Ralph LaRossa. The utility's electricity and natural gas distribution segment, PSE&G, posted a revenue of $2.33 billion in the first quarter compared with $2.29 billion last year. Peer FirstEnergy, which also provides electric services to customers in New Jersey and o Show less Read more
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