EarningsRecent capacity clear pushes EPS CAGR higher: PEG has an ~8% 2024-2028 EPS CAGR with +11% in New Jersey and estimates above Consensus.
Regulatory EnvironmentElectrifying New Jersey in the early innings while regulation still looks constructive: The transmission and distribution utilities have clear upside to capital expenditure from increasing electrification and an evolving generation mix.
Strategic PartnershipsData centers are looking for 24/7 reliable, carbon-free nukes as the fit for new data centers. PEG offers that unique upside while being affiliated with a well run utility.