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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.
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August 21, 2014
06:33 EDTPEGPJM proposal bullish data point for generators, says Deutsche Bank
Deutsche Bank notes PJM late Wednesday proposed capacity market reforms in response to poor reliability performance by generators. Deutsche views the proposal as a bullish data point for generators with a weighting towards highly reliable baseload capacity. The firm has Buy ratings on Exelon (EXC) and PSEG (PEG).

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