PSEG raises quarterly dividend 1.4% to 36c per share The board increased the quarterly dividend to 36c per share, a 1.4% increase over the company's existing quarterly dividend rate of 35.5c per share. The first dividend in 2013 is payable on March 29 to shareholders of record on March 8.
PSEG: 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.