Public Service Enterprise Group Incorporated · NYSE:PEG
Public Service Enterprise — Investor Presentation (December 2014)
8 slides from Public Service Enterprise's investor presentation, Dec 5, 2014
Slide 1: Forward-Looking Statement
Exhibit 99 Forward-Looking Statement Certain of the matters discussed in this report about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences and all other statements that are not purely historical constitute “f
Slide 2: GAAP Disclaimer
GAAP Disclaimer PSEG presents Operating Earnings in addition to its Net Income reported in accordance with accounting principles generally accepted in the United States (GAAP). Operating Earnings is a non-GAAP financial measure that differs from Net Income because it excludes gains or losses associa
Slide 3: Operating Earnings Mix
Operating Earnings Mix Long term investment program has driven increased earnings contribution from stable, regulated business Power’sdiverse fuel mix OperatingEarnings* Contribution by Subsidiary(%) and dispatch flexibility $2.60 - continues to generate $3.09 $3.12 $2.74 $2.44 $2.58 $2.75E earnings
Slide 4: PSEG – Year to Date 2014 Highlights
PSEG –Year to Date 2014 Highlights Operating Earnings YTD up 9% to $2.27 per share from $2.09 for YTD 2013 PSE&G on track to record double-digit growth in earnings on expanded capital investment program PSEG Power expected to earn at upper level of expectations for the full year Narrowed 2014 full–y
Slide 5: PSEG – 2014 Another Year of Growth
PSEG –2014 Another Year of Growth 2014 operating earnings guidance narrowed; forecast full-year at upper end of range, assuming normal weather and unit operations for rest of year $2.60 - $2.75E $2.58 $2.44 2012 2013 2014 Guidance SEE SLIDE A FOR ITEMS EXCLUDED FROM INCOME FROM CONTINUING 14 OPERATI
Slide 6: PSE&G's 2014 operating earnings
PSE&G’s 2014 operating earnings to benefit from increased investment in transmission and on-going cost control PSE&G Operating Earnings* ($ Millions) 2012 2013 2014 Guidance *SEE SLIDE A FOR ITEMS EXCLUDED FROM NET INCOME TO RECONCILE TO OPERATING EARNINGS. E=ESTIMATE 42
Slide 7: Improving Operating Earnings
Improving Operating Earnings and increased contribution from PSE&G PSEG Operating Earnings $ Millions (except EPS) 2012 2013 2014E PSE&G $528 $612 $710 - $745 PSEG Power $663 $710 $575 - $610 Enterprise/Other $45 ($13) $35 - $40 Operating Earnings* $1,236 $1,309 $1,320 - $1,395 Operating EPS* $2.44
Slide 8: Items Excluded from Income from Continuing Operations/Net Income to Reconcile to Operating Earnings
Items Excluded from Income from Continuing Operations/Net Income to Reconcile to Operating Earnings PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED For the Year Ended Reconciling Items, net of tax December 31, 2013 2012 2011 2010 2009 2008 Earnings Impact ($ Millions) (Unaudited) Operating Earnings $ 1
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