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  • 10/5/16
    (October 5, 2016 -- Newark, N.J.) -- PSEG announced today that its Hudson Generation Station in Jersey City, N.J., and its Mercer Generation Station in Hamilton Township, N.J., will be retired on June 1, 2017.“The sustained low prices of natural gas have put economic pressure on these plants for some time. In that context, we could not justify the significant investment required to upgrade these plants to meet the new reliability standards,” said Bill Levis, president and chief operatingmore...
  • 9/29/16
    (September 29, 2016 – Wellington, CO) – PSEG Solar Source, Platte River Power Authority and juwi today joined to dedicate the PSEG Rawhide Flats Solar Center.  The 36.3 MW-dc (30 MW-ac) facility is located 25 miles north of Fort Collins, Colo. The PSEG Rawhide Flats Solar Center was built on a 190-acre site leased from the power authority at the Rawhide Energy Station and will generate enough electricity to meet the needs of 8,000 Colorado homes. “We’re pleased to partner withmore...
  • 9/23/16
    (Newark, NJ – Sept. 23, 2016) PSE&G announced today that customers will pay 7.2 percent less this year under new natural gas supply rates approved by the New Jersey Board of Public Utilities. The state’s largest utility is reducing its basic gas supply rate to 34 cents from 40 cents – the lowest rate in 16 years. The new rates take effect Oct. 1, 2016.In addition to new supply rates, the BPU approved other changes to gas bills, including the weather normalization clause which is adjustedmore...
  • 9/12/16
    (September 12, 2016 - Newark, NJ) - Public Service Enterprise Group (PSEG) was named to the Dow Jones Sustainability North America Index for the ninth consecutive year. The Dow Jones Sustainability Indices (DJSI) recognize forward-thinking companies based on an appraisal of the company’s strategy, management and its performance in dealing with opportunities and risks deriving from environmental, social and governance factors.“We’re pleased to be recognized as a corporate sustainability leadermore...
  • 8/31/16
    Public Service Enterprise Group (PSEG), will participate in the following events/meetings during the month of September, 2016:      Barclays CEO Energy – Power Conference     Bank of America Merrill Lynch 2016 Power & Gas Leaders Conference     Meeting with Investors in Europe      Wolfe Research Power & Gas Leaders ConferenceInvestors and other interested parties are encouraged to visit the corporate website to reviewmore...
  • 7/29/16
    Public Service Enterprise Group (PSEG), will participate in the following events during the month of August, 2016:           August 2 & 3, 2016 – Dan Cregg, Executive Vice President and Chief Financial Officer of PSEG, will meet with investors in the southeast region.           August 11, 2016 – Dan Cregg, Executive Vice President and Chief Financial Officer of PSEG, will participate in investor meetings at the Goldmanmore...
  • 7/29/16
    July 29, 2016 (Newark, NJ) (NYSE- PEG) Public Service Enterprise Group (PSEG) reported second quarter 2016 Net Income of $187 million or $0.37 per share as compared to Net Income of $345 million or $0.68 per share reported for the second quarter of 2015. Operating Earnings for both the second quarter of 2016 and 2015 were $289 million or $0.57 per share.Ralph Izzo, chairman, president and chief executive officer said “PSEG’s second quarter earnings benefited from its expanded investmentmore...