In today’s briefing:
- Public Service Enterprise Group (PSEG) Expands Its Energy Empire—Will BYOG Partnerships Become Its Next Big Revenue Engine?
- Rubis — Intention to appeal anti-competition fine
Public Service Enterprise Group (PSEG) Expands Its Energy Empire—Will BYOG Partnerships Become Its Next Big Revenue Engine?
- Public Service Enterprise Group (PSEG) delivered a solid financial performance in the third quarter of 2025, showcasing both resilience and strategic progression.
- The company reported net income of $1.24 per share, an increase from $1.04 in the same period last year, and non-GAAP operating earnings of $1.13 per share, compared with $0.90 per share in 2024.
- The improved performance was notably driven by the impact of the October 2024 electric and gas base distribution rate increase, which enabled PSE&G to recover returns on prior capital investments exceeding $3 billion.
Rubis — Intention to appeal anti-competition fine
Rubis announced that it has been issued a total fine of €65m by the French Competition Authority for anticompetitive practices in the supply, storage and distribution of petroleum products in Corsica during 2016 to 2022. The company denies violating the competition law and plans to appeal the decision.
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