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PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED

(PEG)
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Public Service Incorporated : Can you spot the signs of a utility scam?

11/17/2021 | 01:31pm EST

Utilities United Against Scams (UUAS) and PSE&G are proud to recognize and to highlight the sixth annual Utility Scams Awareness Day on November 17. This year's campaign - 'End the Call. End the Scam.' - focuses on utility impostor scam calls and the advanced tactics that are being used to target customers. Since the pandemic began, the number of scams has escalated, and scammers have increased their efforts to take advantage of utility customers and the financial challenges that many have faced.

Customers should know that utilities will never call to demand immediate payment, and they will never ask for personal information over the phone. Utilities also will never ask customers to pay their bills with pre-paid cards, crypto currencies, or by using third-party payment apps, such as CashApp, Venmo, or Zelle.

If you receive a suspicious call from a possible scammer, please remember the following tips:

  • Slow down. Scammers typically try to rush customers and will ask for personal information and immediate payment.
  • Verify. Scammers often pose as utility company employees. If the scammer is on the phone, make sure they can verify they are with the utility or can verify your account information. If you are unsure, hang up and contact the utility directly by using the information on your most recent bill or the utility's website.
  • Stop before you act. Think about the information the caller is asking of you. If it seems unsafe or incorrect, rethink the situation and ask questions.

Please remember that utility scammers can be extremely sophisticated, and they often use strategies that can make customers believe they are not an impostor. Here are few common scams and tips for customers to protect themselves:

  • Scammers often threaten immediate service disconnections. They ask for personal information or demand payments to prevent service interruptions.
  • Scammers have been taking advantage of increased online activities during the pandemic. They are asking for payments over the phone by using digital payment apps, cryptocurrencies, or direct transactions with banking institutions.
  • Scammers are using tactics to prey on households with tight budgets. Scammers will inform customers that they have overpaid utility bills and are due a refund, but first they need to provide their banking information to process the refund. They also may claim that immediate bill payment will result in a discount or that a charitable donation can be made in exchange for a lesser bill payment.
  • Scammers also are posing as utility employees by claiming the number on the caller ID does not match the utility's phone number due to the company's COVID-19 remote work policies.

It is important for utility customers to understand the types of threats that exist and to remember that anyone can be targeted. Utilities and customers must continue to be vigilant and to raise awareness. Together, we can #StopScams.

Do you know how to spot at PSE&G employee? Read/share this Energize! story.

Visit the Utilities United Against Scams website for more information, and be sure to follow us on Twitter and on Facebook for additional tips and alerts.

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Disclaimer

PSEG - Public Service Enterprise Group Inc. published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 18:30:07 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 9 897 M - -
Net income 2021 1 181 M - -
Net Debt 2021 15 556 M - -
P/E ratio 2021 -218x
Yield 2021 3,13%
Capitalization 33 070 M 33 070 M -
EV / Sales 2021 4,91x
EV / Sales 2022 5,34x
Nbr of Employees 12 788
Free-Float 94,6%
Chart PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Duration : Period :
Public Service Enterprise Group Incorporated Technical Analysis Chart | PEG | US7445731067 | MarketScreener
Technical analysis trends PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 65,40 $
Average target price 71,94 $
Spread / Average Target 10,00%
EPS Revisions
Managers and Directors
Ralph Izzo Chairman, President & Chief Executive Officer
Daniel J. Cregg Chief Financial Officer & Executive Vice President
Zeeshan Sheikh Senior VP, Chief Information & Digital Officer
Ralph A. LaRossa Chief Operating Officer
M. Courtney McCormick Vice President-Internal Auditing Services
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