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2026-06-18 09:12 PSEG Search FINANCIAL NEWS DETAILS VIEW ALL NEWS Public Service Enterprise Group Inc - PSEG Announces 2021 Third Quarter Results PSEG Announces 2021 Third Quarter Results November 2 , 2021 $ 3.10 PER SHARE NET LOSS FROM PSEG POWER FOSSIL SALE CHARGES $ 0.98 PER SHARE NON - GAAP OPERATING EARNINGS Raises Full Year 2021 Non - GAAP Operating Earnings Guidance to $ 3.55 - $ 3.70 Per Share FERC Approves Transmission Rate Settlement , Fossil Sale Progressing NEWARK , N.J. , Nov. 2 , 2021 / PRNewswire / -- Public Service Enterprise Group ( NYSE : PEG ) reported a Net Loss for the third quarter of 2021 of $ 1,564 million , or $ 3.10 per share , compared to Net Income of $ 575 million , or $ 1.14 per share , in the third quarter of 2020. Non - GAAP Operating Earnings for the third quarter of 2021 were $ 495 million , or $ 0.98 per share , compared to non - GAAP Operating Earnings for the third quarter of 2020 of $ 488 million , or $ 0.96 per share . Non - GAAP results for the third quarter exclude items shown in Attachments 8 and 9. As previously noted , in connection with the Fossil sale announced in August 2021 , PSEG Power recorded a pre - tax impairment loss of approximately $ 2,175 million in the third quarter , which includes $ 13 million of employee costs , environmental accruals and other items related to the Fossil sale . Ralph Izzo , Chairman , President and Chief Executive Officer commented , " We delivered another solid operating quarter and continue on schedule to close on the sale of our Fossil units by year - end 2021 or early 2022 , advancing our progress to becoming a predominantly regulated electric and gas utility complemented by contracted , zero - carbon energy and infrastructure investments . PSEG also took significant steps in the quarter to advance our climate leadership by accelerating our Net - Zero vision to 2030 , and signing onto the Race to Zero campaign to establish science - based targets in alignment with the 1.5 ° C scenario across all three emission scopes . While our GAAP results for the third quarter reflect the results of our Fossil sale , our non - GAAP Operating Earnings of $ 0.98 per share are in line with PSEG's updated full - year 2021 results , and were also influenced by the Fossil sale . " The following table provides a reconciliation of PSEG's Net Income / ( Loss ) to non - GAAP Operating Earnings for the third quarter . See Attachments 8 and 9 for a complete list of items excluded from Net Income / ( Loss ) in the determination of non - GAAP Operating Earnings . PSEG CONSOLIDATED RESULTS ( unaudited ) Third Quarter Comparative Results 2021 and 2020 Net Income / ( Loss ) 2021 ( $ millions ) Diluted Earnings / ( loss ) Per Share 2020 2021 2020 https://investor.pseg.com/investor-news-and-events/financial-news/financial-news-details/2021/PSEG-Announces-2021-Third-Quarter-Results/ 1/16