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Stock Market & Financial Investment News

News Breaks
December 4, 2012
08:06 EDTPEGPSEG estimates cost of Sandy restoration
PSEG estimates that the cost associated with the restoration of PSE&G's distribution and transmission system following the impact of Superstorm Sandy and the subsequent Nor'easter as approximately $250M- $300M. The estimated cost of restoration includes both expenses and capital related to the restoration, and the company expects at least 85% of those costs to be deferred or capitalized for future distribution or transmission recovery. The estimate does not include potential future costs to permanently repair PSE&G's damaged infrastructure or to modify the infrastructure to reduce the risk of damage of future storms.
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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