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  • 3/13/17
    PennEast Pipeline Company LLC today announced that Spectra Energy Partners, LP (NYSE: SEP), an Enbridge company, has entered into a purchase and sale agreement to acquire from PSEG Power LLC, a subsidiary of Public Service Enterprise Group Inc. (NYSE: PEG), its 10 percent minority equity position in the PennEast interstate natural gas pipeline project (PennEast).  PSEG Power remains committed to its 125,000 Dth/day contracted capacity on PennEast (the Project’s second largest customermore...
  • 3/9/17
     TO:              THE FINANCIAL COMMUNITY FROM:         KATHLEEN A. LALLYRE:              PSEG TO PARTICIPATE IN TWO                    EVENTS DURING THE MONTH OF MARCH DATE:        MARCH 9, 2017more...
  • 3/9/17
    (March 9, 2017 – Newark, NJ) – Public Service Enterprise Group Inc. (NYSE: PEG) today announced that it is exploring a sale of its minority equity position in the PennEast interstate natural gas pipeline project (PennEast). Any such sale would be subject to approval by the PennEast Board.Bill Levis, president of PSEG Power, emphasized that PSEG will remain a PennEast customer for its committed capacity.“This project will provide PSE&G customers with greater and more reliable access tomore...
  • 3/6/17
    (March 6, 2017 – Newark, NJ) – Public Service Electric and Gas Company (PSE&G) filed a proposal with the New Jersey Board of Public Utilities (NJ BPU) to invest $74 million to extend three popular energy efficiency programs and authorize two new initiatives.  The requested extension would allow PSE&G to continue energy efficiency efforts at hospitals and healthcare facilities, government facilities, non-profit organizations and small businesses, as well as residential multifamilymore...
  • 3/6/17
    (New York, NY – March 6, 2017) (NYSE – PEG) – Public Service Enterprise Group (PSEG) today said that it plans to invest approximately $15 billion over the next five years upgrading its energy infrastructure. PSEG reaffirmed its 2017 earnings guidance of $2.80 to $3.00 per share. Speaking at the company’s Annual Investor Conference in New York, Ralph Izzo, PSEG chairman, president and CEO, told the financial community that the company’s strategy and strength of its financial positionmore...
  • 2/24/17
    February 24, 2017 – Newark, NJ – Public Service Enterprise Group (PSEG) reported 2016 Net Income of $887 million, or $1.75 per share as compared to Net Income of $1,679 million, or $3.30 per share for 2015. Non-GAAP Operating Earnings for the year 2016 were $1,475 million or $2.90 per share compared to 2015 non-GAAP Operating Earnings of $1,476 million or $2.91 per share. Net Income for 2016 was largely impacted by expenses associated with the early retirement of coal-gas units at themore...
  • 2/21/17
    (February 21, 2017 – Newark, NJ) – The Board of Directors of Public Service EnterpriseGroup (NYSE:PEG) today declared a quarterly common stock dividend for the firstquarter of 2017 of $0.43 per share payable on March 31,2017 to shareholders of recordon March 10, 2017. This action represents a $0.02 per share, or 4.9%, increase in thecompany’s quarterly common stock dividend and brings the indicative annual dividendrate to $1.72 per share.“We are pleased to be able to increase the cash returnmore...