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Stock Market & Financial Investment News

News Breaks
February 19, 2014
05:15 EDTPEGPSEG Long Island, Local 1049 reach tentative agreement on contract extension
PSEG Long Island announced it reached a tentative agreement on a contract extension with its labor union, Local 1049 of the International Brotherhood of Electrical Workers. The proposed 21-month agreement, which is subject to a ratification vote by IBEW Local 1049 membership in the coming weeks, covers nearly 1,400 PSEG Long Island employees who operate and support the Long Island transmission and distribution system. The agreement calls for annual incremental increases in base wages of 2%, effective February 14, 2015, and 2.25%, effective February 14, 2016. Additionally, the agreement would deliver a lump sum bonus of $500 per member, to be paid February 1, 2015. The agreement replaces a contract that would have expired February 13, 2015, and will run through November 12, 2016.
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November 18, 2014
17:22 EDTPEGPSEG files automatic mixed securities shelf

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