Public Service Enterprise Group: New Jersey's Utility Bill Crisis Creates An Opportunity

2025-12-31 22:04:13 ET

Public Service Enterprise Group (PEG) has declined 2% since New Jersey Governor-elect Mikie Sherrill announced on Aug. 21, 2025, that she plans to immediately freeze utility rates on her first day in office. During that time, the S&P 500 jumped 9%. While Governor-elect Sherrill’s very public concerns about utility prices create significant risks for PEG, investors are focusing solely on the rate freeze and ignoring the potential benefits of her full plan that could more than offset any impact from the rate freeze....

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