Public Service Enterprise Group Incorporated (NYSE:PEG) Q4 2023 Earnings Call Transcript

Ralph LaRossa: Great. Thanks. Listen, this – I think the fact that we have got, we only have five questions on this call, folks asking questions that at the end of the day, it was another uneventful call for us. And that is just really what we are hoping to put in place as we have worked really hard as a team to close out our first full year together. 2023 was the year of execution that came across from a number of different areas in our company. But it’s all built on the base of a utility that’s really uniquely positioned. It’s got – it’s provided affordable service for its customers, it’s provided reliable service for its customers and its continued to deliver high-quality service based upon the results of all the polling that we do with our customers and J.D. Power just being one of those examples.

And then you just combine that with a nuclear fleet now has continued to be more predictable, not only because of what we are seeing from the revenues side and the PTCs, but from an operating standpoint, you see in our deck, we went from 92% capacity factored and 93% capacity factors this year, and we will continue to improve on that. That’s our expectation. We want to continue to provide that great revenues from those plants that’s going to provide us with the opportunity to continue to not issue equity, and not sell any assets and continue the growth that we have had on the utility side. So, we thank you for all the support that you have given us over 2023, and you can expect from us the same consistent and uneventful progress that we have made throughout this past year.

So, thanks and have a great day.

Operator: Ladies and gentlemen, this concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.