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  • 2/21/13
    Public Service Enterprise Group (PSEG) reported today 2012 Income from Continuing Operations and Net Income of $1,275 million or $2.51 per share as compared to Income from Continuing Operations of $1,407 million, or $2.77 per share for 2011. PSEG reported Net Income for 2011 of $1,503 million, or $2.96 per share. Operating Earnings for the year 2012 were $1,236 million or $2.44 per share compared to 2011 Operating Earnings of $1,389 million or $2.74 per share.PSEG also reported Income frommore...
  • 2/20/13
    (February 20, 2013 – Newark, NJ) Public Service Electric and Gas Company (PSE&G) today proposed to invest $3.9 billion during the next 10 years to proactively protect and strengthen its electric and gas systems against increasingly frequent severe weather conditions. In a filing with the New Jersey Board of Public Utilities, PSE&G asked for initial funding approval of $2.6 billion during the first five years. Since some of the improvements will take more than five years to implement,more...
  • 2/19/13
    The board of directors of Public Service Enterprise Group (NYSE:PEG) declared a 1.4% increase in the company’s common dividend today. Today’s action continues PSEG’s long history of paying a common dividend. PSEG has paid annual dividends on an uninterrupted basis since 1907.The board increased the quarterly dividend to 36 cents per share, a 1.4% increase over the company’s existing quarterly dividend rate of 35.5 cents per share. The first dividend in 2013 is payable on March 29, 2013, tomore...
  • 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...