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Public Service Enterprise Group Incorporated  (PEG)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Public Service Enterprise Group Incorporated's

Competitiveness


 

PEG Sales vs. its Competitors Q2 2020



Comparing the results to its competitors, Public Service Enterprise Group Incorporated reported Total Revenue decrease in the 2 quarter 2020 year on year by -11.49 %, faster than overall decrease of Public Service Enterprise Group Incorporated's competitors by -10.78 %, recorded in the same quarter.

List of PEG Competitors

With net margin of 22 % company achieved higher profitability than its competitors.

More on PEG Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Public Service Enterprise Group Incorporated Net Income in the 2 quarter 2020 grew year on year by 194.77 %, while most of its competitors have experienced contraction in net income by -57.05 %.

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Public Service Enterprise Group Incorporated's Comment on Competitors and Industry Peers


Power
Various market participants compete with us and one another in buying and selling in the wholesale energy markets, entering into bilateral contracts and selling to aggregated retail customers. Our competitors include:

merchant generators,

domestic and multi-national utility generators,

energy marketers,

banks, funds and other financial entities,

fuel supply companies, and

affiliates of other industrial companies.
New additions of lower-cost or more efficient generation capacity could make our plants less economical in the future. Although it is not clear if this capacity will be built or, if so, what the economic impact will be, such additions could impact market prices and our competitiveness.

Our business is also under competitive pressure due to demand side management (DSM) and other efficiency efforts aimed at changing the quantity and patterns of usage by consumers which could result in a reduction in load requirements. A reduction in load requirements can also be caused by economic cycles, weather, municipal aggregation and other customer migration and other factors. In addition, how resources such as demand response and capacity imports are permitted to bid into the capacity markets also affects the prices paid to generators such as Power in these markets. It is also possible that advances in technology, such as distributed generation and micro grids, will reduce the cost of alternative methods of producing electricity to a level that is competitive with that of most central station electric production. To the extent that additions to the electric transmission system relieve or reduce congestion in eastern PJM where most of our plants are located, our revenues could be adversely affected. Changes in the rules governing what types of transmission will be built, who is permitted to build transmission and who will pay the costs of future transmission could also impact our revenues.

Adverse changes in energy industry law, policies and regulation, including market structures and a potential shift away from competitive markets toward subsidized market mechanisms, would have the effect of artificially depressing prices in the competitive wholesale market and thus have the potential to harm competitive markets, on both a short-term and a long-term basis.

Environmental issues, such as restrictions on emissions of carbon dioxide (CO2) and other pollutants, may also have a competitive impact on us to the extent that it becomes more expensive for some of our plants to remain compliant, thus affecting our ability to be a lower-cost provider compared to competitors without such restrictions. In addition, most of our plants, which are located in the Northeast where rules are more stringent, can be at an economic disadvantage compared to our competitors in certain Midwest states. If any new legislation were to require our competitors to meet the environmental standards currently imposed upon us, we would likely have an economic advantage since we have already installed significant pollution-control technology at most of our fossil stations.

In addition, pressures from renewable resources could increase over time. For example, many parts of the country, including the mid-western region within the footprint of the Midwest Independent System Operator (MISO), the California ISO and the PJM region, have either implemented or proposed implementing changes to their respective regional transmission planning processes that may enable the construction of large amounts of “public policy” transmission to move renewable generation to load centers.

PSE&G
Our transmission and distribution business is minimally impacted when customers choose alternate electric or gas suppliers since we earn our return by providing transmission and distribution service, not by supplying the commodity. Increased reliance by customers on net-metered generation, including solar, and changes in customer behaviors can result in decreased reliance on our system and impact our revenues and investment opportunities. The demand for electric energy and gas by customers is affected by customer conservation, economic conditions, weather and other factors not within our control.

Changes in the current policies for building new transmission lines, such as those ordered by the FERC and being implemented by PJM and other ISOs to eliminate contractual provisions that provide us a “right of first refusal” to construct projects in our service territory, could result in third party construction of transmission lines in our area in the future and also allow us to seek opportunities to build in other service territories.





  

Global Segment Market Share Q2 2020

despite revenue deterioration, Public Service Enterprise Group Incorporated inceased its market share in this segment.

company inceased its market share in this segment to approximate 0.3 %.



<<  More on PEG Market Share.
 

  

Power Segment Market Share Q2 2020

Due to outstanding performance in Power segment, revenue grew by 55.18 % Public Service Enterprise Group Incorporated improved its market share, to approximate 4.18 %.





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PSE&G Segment Market Share Q2 2020

PSE&G segment, revenue fell by -33.78 % and company lost market share, to approximate 2.38 %.





<<  More on PEG Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


PEG's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Public Service Enterprise Group Incorporated 9,611 27,292 1,739 12,689
The Aes Corporation 9,660 16,748 152 18,500
American Electric Power Co Inc 14,919 37,238 2,197 1,859
Centerpoint Energy Inc 7,418 10,673 -773 8,540
Cms energy Corporation 6,680 16,967 752 7,741
Consolidated Edison Inc 12,246 22,177 1,144 14,601
Dominion Energy Inc 14,172 25,470 -550 14,400
Dte Energy Co 12,177 22,955 1,371 10,000
Duke Energy Corporation 23,868 63,850 1,082 28,344
Edison International 13,578 20,408 871 13,690
Entergy Corporation 10,114 17,493 1,407 13,393
Exelon Corporation 33,039 37,789 1,954 0
The Southern Company 20,375 60,464 3,103 26,369
Firstenergy Corp 10,790 17,995 1,079 15,557
Marathon Oil Corporation 3,086 8,813 -1,451 3,359
Agl Resources Inc. 7,905 0 331 5,165
Nisource Inc 9,363 8,355 -14 8,982
PEOPLES ENERGY CORPORATION 0 0 0 0
Pg and e Corp 18,469 21,052 -1,304 22,581
Ppl Corporation 7,607 20,159 1,469 17,391
Paragon Offshore Plc 231 0 605 0
Sempra Energy 11,370 33,515 4,105 17,046
Sunoco Lp 10,710 2,585 212 22,500
Teco Energy Inc 5,014 0 198 4,400
TXU CORP 0 0 0 0
Williams Companies Inc 7,719 27,813 198 6,742
Xcel Energy Inc 21,328 31,053 1,473 11,589
Anadarko Petroleum Corp 13,706 35,730 -288 6,100
Scana Corporation 3,531 6,833 -115 5,989
Questar Gas Co 957 0 74 1,745
Wec Energy Group Inc 7,242 25,506 1,201 4,248
Eqt Corporation 3,059 4,908 -967 1,750
Pepco Holdings Inc 4,340 0 -212 2,374
Chesapeake Energy Corporation 5,963 30 -9,658 0
Ameren Corporation 5,451 17,659 606 8,527
Sea Limited 2,175 0 -1,458 5,900
NextEra Energy, Inc. 0 0 0 0
Dyne Therapeutics Inc 3,055 128 -538 1,679
NORTHEAST UTILITIES 0 0 0 8,248
Kinder Morgan Inc 11,700 33,281 180 11,535
Oneok Inc 8,542 19,760 613 2,269
Nrg Energy Inc 9,261 8,945 4,068 9,806
Qep Resources Inc 734 835 3 765
Eversource Energy 8,904 27,350 1,213 8,248
Mdu Resources Group Inc 5,533 5,639 390 9,598
Encana Corp 6,933 5,234 1,160 2,200
Macquarie Infrastructure Corporation 847 2,732 -928 3,600
Sprague Resources Lp 2,708 497 35 600
SUBTOTAL 406,090 745,930 16,729 400,619


       
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