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Public Service Enterprise



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Public Service, Progress fall on earnings shortfalls

Shares of Public Service Enterprise Group and Progress Energy both fall after the utilities report third-quarter earnings that fall short of estimates.

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PSEG third-quarter net climbs 30%

NEW YORK (MarketWatch) -- Public Service Enterprise Group Inc. said Thursday its third-quarter net income rose to $656 million, or $1.29 a share, from $506 million, or 99 cents a share, in the year-ago period. Earnings from continuing operations in the latest quarter were $476 million, or 94 cents a share. Analysts polled by FactSet Research were expecting earnings of $1 a share. PSEG maintained its...

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Deepwater Picks Up New Jersey Contract

The state of New Jersey has awarded a contract for an offshore wind farm to Garden State Offshore Energy (GSOE), a joint venture between Deepwater Wind and Public Service Enterprise Group. GSOE submitted a bid to the New Jersey Board of Public Utilities to build a 350-megawatt wind farm almost 20 miles offshore. The farm will consist of 96 turbines and is expected to be completed by 2012. The project...

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Public Service Enterprise Group Names Tom Joyce as President and Chief Nuclear Officer of PSEG Nuclear

Promotion caps 32 years of commercial nuclear experience NEWARK, N.J., Oct. 3 /PRNewswire-FirstCall/ -- Public Service Enterprise Group (PSEG) today announced the election of Thomas P. Joyce as president and chief nuclear officer of PSEG Nuclear, effective October 6. Joyce has been the senior vice president - operations at PSEG Nuclear since June 2007. In that role, he was responsible for the safe,...

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PSEG Named One of the 'Best Places to Launch a Career'

NEWARK, N.J., Sept. 5 /PRNewswire-FirstCall/ -- Public Service Enterprise Group was named one of the country's "Best Places to Launch a Career" in BusinessWeek's third annual list, released today on its website. The Best Places to Launch a Career ranking is based on three separate surveys: a BusinessWeek poll of career-services directors at U.S. colleges; a survey of 40,000 U.S. college students conducted...

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ETFs Could Harness the Wind With Advent Of Underground Storage

Wind energy is not just a bunch of hot air, as many companies are looking to this as a legitimate power source, blowing new life into related exchange traded funds (ETFs). Public Service Enterprise Group Inc. (PEG) is planning on spending $20 million to develop services that compress air to store power, giving potential for electricity [...]

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Compressed-Air Startup to Inflate Utility Power Generation

When it comes to renewable energy, there’s the valid question: “But what do you do when the sun doesn’t shine or the wind doesn’t blow?” A new joint venture, launched with $20 million, thinks it has an answer - compressed air. Public Service Enterprise Group Inc., owner of New Jersey’s largest utility, has formed [...]

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Public Service Enterprise Group (PEG): Chris Davis Initiates Holdings in PEG

Chris Davis initiated holdings in Electricity company Public Service Enterprise Group (PEG) during the 3-months ended 2008-06-30. His purchase prices were between $ 41.69 and $ 46.61, with an estimated average price of $ 43.7. The impact to his portfolio due to this purchase was less than 0.01 %. His holdings was 7900 shares as of 2008-06-30. As of last market close, the price of Public Service Enterprise...

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Public Service Enterprise Group, Inc. Q2 2008 Earnings Call

Public Service Enterprise Group Inc. (PEG) Q2 FY08 Earnings Call Complete Story »

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Public Service Enterprise Group swings to a loss

NEW YORK (MarketWatch) -- Public Service Enterprise Group Inc. on Thursday said it lost $166 million, or 32 cents a share, from a gain of $281 million, or 55 cents a share in the year-ago period. Excluding $490 million in lease-related charges, operating earnings in the latest period totaled $324 million, or 64 cents a share. Analysts expected earnings of 60 cents a share, according to a survey by...

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STOCK PICKS: Top 5 All-Around Value

Hess, Public Service Enterprise, Chevron, Total and ConocoPhillips make the list for July 8.

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STOCK PICKS: Top 5 All-Around for July 8

Hess, Public Service Enterprise, Chevron, Total and ConocoPhillips make the list for July 8.