NYSE:PEGIntegrated Utilities
How PSE&G’s New Bond Deal And Planned Bill Cut At Public Service Enterprise Group (PEG) Has Changed Its Investment Story
Public Service Enterprise Group has recently completed a US$499.31 million fixed-income offering of 4.800% senior unsecured notes due June 15, 2031, priced at 99.861% of the US$500 million principal, and filed to cut New Jersey residential gas heating bills by 5% from October 1, 2026.
Together, the bond issuance and planned bill reduction highlight how PSE&G is funding its capital needs while emphasizing affordability for its 1.9 million gas customers.
With this planned 5% cut to residential...