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  • 11/16/15
    Public Service Electric and Gas Company (PSE&G), New Jersey’s largest utility, today announced the approval of a three-year, $905 million program to expedite the replacement of aging gas pipes. Approved by the New Jersey Board of Public Utilities, the program will enable PSE&G to accelerate the modernization of its cast iron and unprotected steel gas infrastructure -- replacing up to 510 miles of gas mains and 38,000 service lines over the three-year period.“Accelerated replacement ofmore...
  • 11/4/15
    TO:       THE FINANCIAL COMMUNITYFROM:  KATHLEEN A. LALLYRE:        PSEG TO WEBCAST PRESENTATION AT THE EEI FINANCIAL CONFERENCERalph Izzo, President and Chief Executive Officer, and Dan Cregg, Executive Vice President and CFO of PSEG, will deliver a strategic presentation at the EEI Financial Conference in Florida on Tuesday, November 10, scheduled for 9:00 a.m. ET.  This presentation will be webcast and can be accessed through PSEG’s web sitemore...
  • 10/30/15
    Public Service Enterprise Group (PSEG) today reported third quarter 2015 Net Income of $439 million or $0.87 per share as compared to Net Income of $444 million or $0.87 per share for the third quarter of 2014. Operating earnings for the third quarter of 2015 were $403 million or $0.80 per share compared to the third quarter of 2014 operating earnings of $393 million or $0.77 per share.Ralph Izzo, chairman, president and CEO, said “PSEG reported another good quarter. While the businessesmore...
  • 9/23/15
    (Newark, N.J. – September 23, 2015) - PSEG announced today that Daniel J. Cregg, currently vice-president of finance for PSE&G, was elected by the Board of Directors to be Executive Vice President and Chief Financial Officer for the company effective October 8. He succeeds current CFO, Caroline Dorsa whose previously announced retirement will be effective at that time.During his 24-year career at PSEG, Cregg has held the senior financial position at both PSE&G, New Jersey’s largest gasmore...
  • 9/15/15
    (Sept.15, 2015 – Newark, N.J.) – Public Service Electric and Gas Company (PSE&G), New Jersey’s largest utility, today announced a $905 million settlement in principle with the staff of the New Jersey Board of Public Utilities (BPU) and the New Jersey Division of Rate Counsel to expedite the replacement of aging gas pipes -- supporting a safe, clean and reliable gas system well into the future. The agreement detailing this three-year program will be submitted to the BPU for formal approvalmore...
  • 9/14/15
    (Newark, N.J. – Sept. 14, 2015) Public Service Electric and Gas Co. (PSE&G), New Jersey’s largest utility, today announced that it will reduce residential natural gas bills this winter by 5.7 percent, saving customers almost $52 per year. The reduction was approved by the New Jersey Board of Public Utilities, enabling PSE&G to reduce its basic gas supply rate to 40 cents from 45 cents – the utility’s lowest rate in 15 years. Also included in this filing is a small reduction to themore...
  • 9/14/15
    (September 14, 2015 - Newark, NJ) - Public Service Enterprise Group (PSEG) was named to the Dow Jones Sustainability North America Index for the eighth 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 economic, environmental and social developments.“Making things better is the essence of what we do as a companymore...