Public Service Enterprise Group Stock: Wind at Its Back or Off the Grid?

Public Service Enterprise Group Stock: Wind at Its Back or Off the Grid?
·2 min read

For his final "Executive Decision" segment of Tuesday's Mad Money program, Jim Cramer checked in with Ralph Izzo, chairman and CEO of Public Service Enterprise Group , the utility with a 3.7% dividend yield. Izzo reiterated that the company will be divesting in the carbon-based generation assets to focus solely on carbon-free assets in the future. When asked about nuclear power, Izzo explained that many people fear nuclear plants as they get older, however, plants are constantly being renewed and refurbished to ensure they will continue to run as good as the day they were new.