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Public Service Enterprise Group, Inc. (PEG) CEO Ralph Izzo on Q1 2020 Results - Earnings Call Transcript

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Public Service Enterprise Group Incorporated (NYSE:PEG) Q1 2020 Earnings Conference Call May 4, 2020 11:00 AM ET

Company Participants

Carlotta Chan - Investor Relations

Ralph Izzo - Chairman, President and Chief Executive Officer

Dan Cregg - Executive Vice President and Chief Financial Officer

Conference Call Participants

Julien Dumoulin-Smith - Bank of America

Constantine Lednev - Guggenheim Partners

Steve Fleishman - Wolfe Research

Jonathan Arnold - Vertical Research

Jeremy Tonet - JP Morgan

Paul Patterson - Glenrock Associates


Ladies and gentlemen, thank you for standing by. My name is Christie, and I’m your event operator today. I would like to welcome everyone to today’s conference, Public Service Enterprise Group First Quarter 2020 Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session for members of the financial community. [Operator Instructions]

As a reminder, this conference is being recorded today, May 4, 2020 and will be available for telephone replay beginning at 1:00 o’clock PM Eastern Time today until 11:30 PM Eastern Time on May 13, 2020. It will also be available as an audio webcast on PSEG’s corporate website at www.pseg.com.

I would now like to turn the conference over to Carlotta Chan. Please go ahead.

Carlotta Chan

Thank you, Christie. Good morning. PSEG released first quarter 2020 earnings results earlier today. The earnings release attachments and slides detailing results are posted on PSEG’s IR website and our 10-Q will be filed shortly. The earnings release and other matters we will discuss on today’s call contain forward-looking statements and estimates that are subject to various risks and uncertainties.

We also discuss non-GAAP operating earnings and non-GAAP adjusted EBITDA, which differ from net income as recorded in accordance with Generally Accepted Accounting Principles in the United States. Reconciliations of our non-GAAP

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