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  • 12/4/12
    PSEG estimates that the cost associated with the restoration of PSE&G’s distribution and transmission system following the impact of Superstorm Sandy and the subsequent Nor’easter as approximately $250 - $300 million.Superstorm Sandy left 1.7 million of our electric customers without power during the course of the storm and caused severe damage to our transmission and distribution system throughout our service territory as well as to some of our generation infrastructure in the northernmore...
  • 11/20/12
    The board of directors of Public Service Enterprise Group (PSEG) has declared a quarterly dividend of 35.50 cents per share of common stock for the fourth quarter of 2012. (NYSE: PEG)All dividends for the fourth quarter are payable on or before December 31, 2012, to stockholders of record on December 7, 2012.Forward-Looking StatementsThe statements contained in this communication about us and our subsidiaries’ future performance, including, without limitation, future revenues, earnings,more...
  • 11/8/12
    Ralph Izzo, Chairman, President and Chief Executive Officer, and Caroline Dorsa, Executive Vice President and Chief Financial Officer of PSEG, will deliver a strategic presentation at the EEI Financial Conference in Arizona on Tuesday, November 13, scheduled for 11:00 a.m. ET. This presentation will be webcast and can be accessed through PSEG’s web site at:http://www.pseg.com/investorIn addition, PSEG’s slide presentation will be available on the web. more...
  • 11/1/12
    Public Service Enterprise Group (PSEG) today reported third quarter 2012 Income from ContinuingOperations and Net Income of $347 million or $0.68 per share as compared to $265 million or $0.52per share for the third quarter of 2011. Including Income from Discontinued Operations, PSEGreported Net Income for the third quarter of 2011 of $294 million or $0.58 per share. Operatingearnings for the third quarter of 2012 were $382 million or $0.75 per share compared to the thirdquarter of 2011more...
  • 10/8/12
    PSE&G’s residential customers will pay less to heat their homes with natural gas this winter. On October 1, the state’s largest utility lowered residential gas bills by an additional 3.6 percent, or about $42 per year for the typical residential customer.Since January 2009, PSE&G’s residential customers have benefited from nine bill reductions for supply as the cost of gas dropped about 39 percent -- resulting in a savings of approximately $674. PSE&G’s average annual residentialmore...
  • 10/4/12
    PSEG Solar Source today announced the commercial operation of the 25.2 megawatt DC (19 megawatt AC) Queen Creek Solar Farm in Queen Creek, Arizona. Salt River Project (SRP) has a 20-year agreement to acquire all of the solar energy generated by the project and has begun accepting power from the plant.The solar plant, located on 148 acres of land approximately 30 miles southeast of Phoenix, contains approximately 90,000 crystalline panels operating on a single axis tracking system. It is ownedmore...