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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.
News For PEG From The Last 14 Days
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July 31, 2015
07:34 EDTPEGPSEG sees FY15 PSE&G operating earnings $760M-$775M
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07:33 EDTPEGPSEG raises FY15 EPS to $2.80-$2.95 from $2.75-$2.95, consensus $2.91
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07:33 EDTPEGPSEG reports Q2 operating EPS 57c, consensus 54c
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July 24, 2015
08:46 EDTPEGPSEG announces retirement of CFO Carolina Dorsa
PSEG announced that Caroline Dorsa, CFO for PSEG will retire during the fourth quarter. PSEG has hired the firm of Spencer Stuart who has a search underway for a successor and will be considering both internal and external candidates.

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