PSEG 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
Check below for free stories on PEG the last two weeks.
PSEG 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.
PSEG 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.