Public Service Enterprise Group Inc News
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President Barack Obama met with chief executives of utility companies and their affiliated lobby groups on minimizing power disruptions during major storms like those that occurred in the Northeast after Superstorm Sandy.
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Public Service Enterprise Group Inc. may take over operations of the Long Island Power Authority, leaving the state-owned utility a holding company with no day- to-day responsibilities after thousands of its customers were left in the dark for weeks by Hurricane Sandy.
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Public Service Enterprise Group Inc. reached an agreement with state regulatory staff to invest as much as $446 million to build solar-power projects in New Jersey.
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Wholesale electricity from New Jersey to North Carolina gained on lingering heating demand and the biggest drop in Northeast nuclear generation since October.
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Public Service Enterprise Group Inc., owner of New Jersey’s largest utility, plans to spend $3.9 billion during the next decade to protect its power and gas network from natural disasters.
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Public Service Enterprise Group Inc. terminated a $335 million agreement to sell a natural-gas fueled power plant in Texas because the buyer, High Plains Diversified Energy Corp., was unable to obtain financing.
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Ocean Power Technologies Inc., which is building the first commercial wave-power plant in the U.S., received about $1.5 million in a New Jersey program that helps unprofitable startups transfer state tax losses.
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Public Service Enterprise Group Inc.’s New Jersey utility proposed investing as much as $883 million to raise the state’s solar-power capacity by 32 percent.
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Public Service Enterprise Group Inc. plans to auction two Texas natural-gas power plants with a total of 2,000 megawatts, Paul Rosengren, a company spokesman, said in telephone interview.
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Casinos in Atlantic City and electric utilities in New York and New Jersey will be among the hardest- hit companies after Hurricane Sandy, Moody’s Investors Service said.
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