Shar Pourreza's questions to PUBLIC SERVICE ENTERPRISE GROUP INC (PEG) leadership • Q1 2024
Question
Konstantin Lednev, on behalf of Shar Pourreza, asked if the behind-the-meter data center opportunity is scalable in New Jersey and whether PSEG would update its guidance as power prices rise above PTC levels.
Answer
Chair, President and CEO Ralph LaRossa and CFO Daniel Cregg addressed the question. Cregg noted that behind-the-meter projects are inherently built at scale, while LaRossa highlighted PSEG's unique 3-unit nuclear site as a key advantage for scalability. Regarding guidance, Cregg stated that the company prioritizes predictability and will only incorporate upside opportunities into its forecast once they are contractually secured, not based on cyclical market price movements.