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Stock Market & Financial Investment News

News Breaks
March 7, 2014
08:18 EDTPEGPSEG plans to spend $12B in capital investments for next five years
Cites the capital investments will be driven in transmission to maintain reliability. PSEG is implementing a 5-year capital program of $10B, a 20% increase in the level of spending over the prior five years. The additional investment is primarily due to PJM-mandated transmission upgrades to relieve projected system overloads and maintain reliability for millions of customers.
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July 23, 2014
09:12 EDTPEGPSEG acquires solar facility in Vermont from juwi solar
PSEG will acquire the ERWR Whitcomb Farm Solar project from juwi solar. The facility has a 25-year power purchase agreement with Vermont Electric Power Producers as part of the Vermont Sustainably Priced Energy Enterprise Development program. The acquisition will increase PSEG's Solar Source portfolio to 110 MWdc.
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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