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Stock Market & Financial Investment News

News Breaks
February 20, 2013
14:36 EDTPEGPSEG announces $3.9B, 10-year proposal for NJ infrastructure improvements
Public Service Electric and Gas proposed to invest $3.9B during the next 10 years to protect and strengthen its electric and gas systems against severe weather conditions. In a filing with the New Jersey Board of Public Utilities, PSE&G asked for initial funding approval of $2.6B during the first five years. Since some of the improvements will take more than five years to implement, the utility may seek approval to spend an additional $1.3B in the following five years to complete the program. The proposal would create 5,800 direct and indirect jobs.
News For PEG From The Last 14 Days
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July 16, 2014
10:00 EDTPEGOn The Fly: Analyst Upgrade Summary
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07:45 EDTPEGPSEG 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.

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