newratings.com  Mar 6  Comment 
WASHINGTON (dpa-AFX) - Public Service Enterprise Group (PEG) said that it plans to invest approximately $15 billion over the next five years upgrading its energy infrastructure. The company reaffirmed its 2017 earnings guidance of $2.80 to $3.00...


Newark, New Jersey-based Public Service Enterprise Group, Inc., or PSEG (NYSE: PEG), is a diversified utility holding company that operates through four wholly-owned subsidiaries: Public Service Electric and Gas Company (PSE&G), PSEG Power LLC, and the two direct subsidiaries of PSEG Energy Holdings: PSEG Global L.L.C. and PSEG Resources L.L.C. PSE&G is a regulated utility company providing electric service roughly to 2.1 million customers and gas service to approximately 1.7 million customers in New Jersey. In the 3rd quarter of 2007, this regulated subsidiary accounted for 52% of the Group's operating revenue and 26% of the consolidated operating income. PSEG Power, the company's non-regulated subsidiary, which engaging in wholesale power generation and energy trading activities, contributed 39% and 61%, respectively, to the Group's operating revenue and operating income, while the Holdings segment accounted for 9% of total operating revenue and 13% of operating income during the 3rd quarter of 2007. PSEG Energy Holdings, through PSEG Global, owns and operates electric generation and distribution facilities in Asia, Europe, North America, and Latin America. Through its Resources unit, the company invests in energy-related financial transactions.


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki