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  • 2/23/16
    (February 23, 2016 – Newark, NJ) -- PSEG Solar Source today announced that it has acquired a 36.3 MW-dc solar energy facility from juwi Inc. (juwi). The facility, to be called the PSEG Larimer Solar Energy Center, is located 25 miles north of Fort Collins, Colorado. This latest addition to PSEG Solar Source’s portfolio represents an investment of over $54 million. The PSEG Larimer Solar Energy Center has a 25-year power purchase agreement with the Platte River Power Authority (PRPA), amore...
  • 2/19/16
    Public Service Enterprise Group (PSEG) reported today 2015 Net Income of $1,679 million or $3.30 per share as compared to Net Income of $1,518 million, or $2.99 per share for 2014. Operating Earnings for the year 2015 were $1,476 million or $2.91 per share compared to 2014 Operating Earnings of $1,400 million or $2.76 per share.PSEG also reported Net Income for the fourth quarter of 2015 of $309 million, or $0.60 per share. This compares to fourth quarter 2014 Net Income of $476 million, or $0more...
  • 2/16/16
    (February 16, 2016 – Newark, NJ) – The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a quarterly common stock dividend for the first quarter of 2016 of $0.41 per share, raising the Company’s quarterly common stock dividend by 5.1%, or $0.02 per outstanding share of the Company’s common stock.  The increase in the quarterly dividend brings the indicative annual dividend rate to $1.64 per share.The Board declared that the common stock dividend is payablemore...
  • 2/11/16
    February11 2016 – Bridgeport, CT – PSEG Power Connecticut announced today that it has cleared 485 MWs of Installed Summer Capacity from a new gas-fired combined-cycle power plant in the ISO-New England Forward Capacity Auction. PSEG Power Connecticut expects to begin construction of the clean, natural gas-fired plant in 2017.  The plant, which represents an investment of more than $550 million, is targeted to be completed and supplying needed energy to the Connecticut region for the yearmore...
  • 2/2/16
    (February 2, 2016 –Newark, NJ) – PSEG Solar Source today announced it has acquired a 25.9 MW-dc solar energy facility from Ecoplexus for an investment of more than $40 million. The facility, to be called the PSEG Meadows Solar Energy Center, is located in Martin County, North Carolina about 80 miles east of Raleigh.The PSEG Meadows Solar Energy Center has a 15-year power purchase agreement with Virginia Electric and Power Company, a subsidiary of Dominion Resources. It sits on approximatelymore...
  • 1/20/16
    (January 20, 2016 - Newark, NJ) – PSEG Solar Source today announced that it has acquired ownership interests in two solar facilities from juwi Inc.(juwi): a 3.9 MW-dc project in Livermore, California; and a 62.7 MW-dc project in Millard County, Utah. Together, these acquisitions represent an investment of close to $110 million and increase the capacity of PSEG Solar Source’s portfolio to 214.6 MW-dc.The PSEG Pavant II Solar Energy Center will be located on 415 acres about 110 miles south ofmore...
  • 1/5/16
    TO:        THE FINANCIAL COMMUNITYFROM:   KATHLEEN A. LALLYRE:        PSEG TO PARTICIPATE AT EVERCORE ISI             UTILITY CEO ONE-ON-ONE CONFERENCERalph Izzo, President and Chief Executive Officer, and Dan Cregg, Executive Vice President and Chief Financial Officer of PSEG, will meet with investors at the Evercore ISI Utility CEO One-on-One Conference in Arizona on January 7 and 8, 2016. The meetingmore...