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News Breaks
November 13, 2012
06:54 EDTPEGPSEG says unable to estimate losses related to Hurricane Sandy
The company says "PSE&G filed a petition with the BPU seeking authorization to defer on our books actually incurred, uninsured, incremental storm restoration costs associated with our gas and electric distribution systems. Transmission related storm costs to be reviewed as part of the existing Formula Rate process at the FERC...PSE&G and Power are unable to estimate the possible loss or range of loss related to Hurricane Sandy; however, such costs could be material. We maintain property insurance for both nuclear and non-nuclear property. We intend to seek recovery from our insurers for any property damage above our self-insured retentions; however, no assurances can be given relative to the timing or amount of such recovery."
News For PEG From The Last 14 Days
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July 23, 2014
09:12 EDTPEGPSEG acquires solar facility in Vermont from juwi solar
PSEG will acquire the ERWR Whitcomb Farm Solar project from juwi solar. The facility has a 25-year power purchase agreement with Vermont Electric Power Producers as part of the Vermont Sustainably Priced Energy Enterprise Development program. The acquisition will increase PSEG's Solar Source portfolio to 110 MWdc.
July 16, 2014
10:00 EDTPEGOn The Fly: Analyst Upgrade Summary
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07:45 EDTPEGPSEG upgraded to Buy from Hold at Argus
Argus upgraded PSEG to Buy from Hold due to an improved outlook for forward power prices, valuation, and an expanding infrastructure improvement program. Price target is $44.

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