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Stock Market & Financial Investment News

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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October 30, 2014
07:44 EDTPEGPSEG on track to achieve upper end of FY14 EPS $2.60-$2.75, consensus $2.73
07:42 EDTPEGPSEG: PSEG Power operating earnings in 2014 to be $575M-$610M
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07:42 EDTPEGPSEG: PSEG Power to invest $100M-$120M for equity interest in PennEast Pipeline
PSEG Power is considering construction of and proceeding with permitting for a new, highly efficient combined-cycle power plant at its existing Bridgeport Harbor Station site based on the strength of the ISO NE capacity market. The proposed project would add approximately 450 megawatts of gas-fired generating capacity in Connecticut's southwestern region to support electric system reliability. A final decision on this investment will be made in early 2015.
07:41 EDTPEGPSEG: PSE&G operating earnings expected to be $710M-$745M
07:41 EDTPEGPSEG: Economic conditions continue to show signs of improvement
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07:40 EDTPEGPSEG reports Q3 operating EPS 77c, consensus 75c
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October 29, 2014
15:41 EDTPEGNotable companies reporting before tomorrow's open
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