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Public Service Enterprise ( (PEG) ) has shared an update.
PSEG and its subsidiary PSE&G have negotiated a settlement in their rate case which, pending approval from the New Jersey Board of Public Utilities, will raise their annual revenues by $505 million. This agreement maintains their return on equity at 9.6% and raises the equity ratio to 55%, marking a potential financial shift for the utility company.
See more insights into PEG stock on TipRanks’ Stock Analysis page.
