PSEG reaffirms FY12 EPS view $2.25-$2.50, consensus $2.41 The guidance reflects the impacts of storm-related expenses at PSE&G, but would exclude any storm-related costs for Power, which are still being assessed.
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PSEG plans to spend $12B in capital investments for next five years Cites the capital investments will be driven in transmission to maintain reliability. PSEG is implementing a 5-year capital program of $10B, a 20% increase in the level of spending over the prior five years. The additional investment is primarily due to PJM-mandated transmission upgrades to relieve projected system overloads and maintain reliability for millions of customers.