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BUSINESS
February 20, 2013
Public Service Enterprise Group, the New Jersey energy giant, declared a 1.4 percent increase in the company's common dividend Tuesday, boosting the quarterly dividend from 35.5 cents to 36 cents. The first dividend in 2013 is payable on March 29 to shareholders of record on March 8.    - Andrew Maykuth
BUSINESS
July 21, 1988 | By Dan Stets, Inquirer Staff Writer
Public Service Enterprise Group's profits declined 16 percent per share in the second quarter because of the shutdown of the Peach Bottom nuclear power plant. PSEG took a $30 million write-off - equal to about 8 cents a share - in the second quarter because of a rate reduction imposed on its main subsidiary, Public Service Electric & Gas, by the New Jersey Board of Public Utilities, company spokesman Neil Brown said. The Nuclear Regulatory Commission shut down Peach Bottom on March 31, 1987, after control-room operators were found sleeping on the job. The plant is operated by Philadelphia Electric Co., but PSEG owns 42.49 percent of the facility.
BUSINESS
November 29, 2005 | By Jeff Gelles INQUIRER STAFF WRITER
Consumers rarely get a chance to talk back publicly to multibillion-dollar corporations, especially in the midst of a high-stakes merger or acquisition. Among the exceptions are utility deals, such as Exelon Corp.'s proposed purchase of PSEG, the Newark-based parent of Public Service Electric & Gas. But the clock is running out. Tonight in Cherry Hill, the New Jersey Board of Public Utilities will hold the last of six public hearings on the deal, an all-stock transaction valued at $12.5 billion when it was announced last December.
NEWS
June 24, 2011
Public Service Enterprise Group Inc., Newark, N.J., said today it agreed to sell its Odessa electric generating plant in West Texas for $335 million. The buyer for PSEG's last generating station in Texas is Energy Capital Partners II L.P. PSEG is New Jersey's largest electric and gas utility.    -Paul Schweizer
NEWS
July 6, 2013 | By Tom Johnson, NJ SPOTLIGHT
In a lawsuit with big implications for state utility customers, Public Service Enterprise Group and three of its subsidiaries accused 10 insurance companies of shortchanging them $456 million for damage to their power grid. Insurers say they will cover only $50 million in payouts, arguing that policies restrict reimbursements above that amount in specific flood zones. PSEG and its subsidiaries filed a lawsuit June 18. Utility customers could end up paying the bill to repair the infrastructure if the court upholds the insurance companies' view.
BUSINESS
January 26, 2014 | By Andrew Maykuth, Inquirer Staff Writer
Public Service Electric and Gas Co. in New Jersey announced Friday a one-month bill credit that will cut the typical residential monthly bill by about 24 percent in February, or about $40. The credit of 25 cents per therm will reduce the current gas-supply rate of approximately 54 cents to 29 cents for usage in February. The supply charge is the largest component in the total bill. Although current market prices for gas have increased, the utility has purchased gas from Marcellus Shale producers during the past several months at rates that are below prevailing market prices due to the surplus of supply in the region.
NEWS
November 7, 2015 | By Walter F. Naedele, Inquirer Staff Writer
From the late 1990s to 2011, Robert D. Lowden was an instructor in the archery program that his wife, Candace, has run for 30 years for the Collingswood Recreation Department. "Three nights a week, for five weeks in June and July," she said, the Lowdens were instructors "for five classes a night, about 100 students. " The recreational classes, held at Collingswood High School for children and adults, have nothing to do with hunting, she emphasized. But they seemed to be a way through which Mr. Lowden, while holding down a full-time job, found time to help his wife, just as he found time to coach his daughters in other sports.
NEWS
July 30, 2010
The parent of Public Service Electric & Gas Co., New Jersey's largest electric utility, said today second-quarter income from continuing operations fell 28 percent - a result, the company said, of the weak economy and low energy prices. Income from continuing operations was $224 million, or 44 cents a share, in the latest quarter compared with $311 million, or 61 cents a share, in last year's second quarter. Total operating earnings for Public Service Enterprise Group Inc., however, rose 4 percent to $331 million, or 65 cents a share.
BUSINESS
August 29, 2014 | By Andrew Maykuth, Inquirer Staff Writer
New Jersey's largest utility says the $8.1 billion it is spending over 10 years on transmission projects is powering more than the electrical grid - it's putting a lot of juice into the state's economy. Public Service Electric & Gas Co. released Wednesday a Rutgers University economic report it commissioned that estimates the utility's power-transmission projects are creating an average of 6,000 jobs a year over a decade. The 12-page report by the Edward J. Bloustein School of Planning and Public Policy at Rutgers was released at a rally at an electrical workers' union hall in North Brunswick that seemed aimed at building political and public support for more energy infrastructure projects.
BUSINESS
September 1, 2012 | By Andrew Maykuth, INQUIRER STAFF WRITER
In an effort to promote a state-owned employment website, energy company PSEG announced Friday that it currently has 150 positions posted on Jobs4Jersey.com. PSEG, whose subsidiaries include the utility Public Service Electric and Gas Co., has an "ongoing need for people with a good grounding in science, technology, engineering and math," said Ralph Izzo, the chief executive. The company currently is engaged in several large transmission-line expansion projects. The New Jersey Department of Labor and Workforce Development last year launched an online tool called OnRamp at its Jobs4Jersey website to connect prospective employers with workers.
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ARTICLES BY DATE
BUSINESS
May 13, 2016 | By Andrew Maykuth, Staff Writer
New Jersey's largest electric utility wants to dramatically step up the number of ratepayer-supported solar projects it installs on landfills and brownfields. Public Service Electric & Gas Co. asked state regulators Wednesday to allow it to spend $275 million to install 100 megawatts of solar panels, nearly tripling the capacity of its landfill and brownfield solar farms. PSE&G's proposal is the latest edition of its seven-year-old Solar 4 All program, which initially aimed at installing thousands of solar panels atop its utility poles.
NEWS
February 25, 2016 | By Andrew Maykuth, STAFF WRITER
PSEG Solar Source, the solar-energy subsidiary of New Jersey's Public Service Enterprise Group, announced Tuesday that it has acquired a 36-megawatt system in Colorado for $54 million, the third project it has bought this year from solar developer Juwi Inc. The PSEG Larimer Solar Energy Center, to be built on a 290-acre site near Fort Collins, has a 25-year agreement to sell its power to the Platte River Power Authority. The facility, which will use 117,000 solar panels, was originally called Rawhide Flats Solar.
NEWS
January 22, 2016 | By Andrew Maykuth, STAFF WRITER
PSEG Solar Source, the solar-energy subsidiary of New Jersey's Public Service Enterprise Group, acquired projects in California and Utah for $110 million that increase the company's solar capacity to 214.6 megawatts. The company bought two projects from Colorado solar developer Juwi Inc.: a 3.9 MW facility in Livermore, California; and a 62.7 MW project in Millard County, Utah. The California project, to be named PSEG Lawrence Livermore Solar Energy Center, is currently under construction on the grounds of the Lawrence Livermore National Laboratory, about 45 miles east of San Francisco.
NEWS
December 2, 2015 | By Rita Giordano, Inquirer Staff Writer
Subaru of America, Lockheed Martin, Holtec International, the 76ers, and other employers that have announced plans to move facilities to Camden need not worry about gas and electricity when they get there. Public Service Electric & Gas announced $55 million in infrastructure upgrades Monday to accommodate businesses as they relocate to Camden in the new few years, drawn there in part by state tax credits. Utility officials said the improvements are part of the company's master plan to provide reliable service to the initial group of 30 such customers.
BUSINESS
November 18, 2015 | By Andrew Maykuth, Inquirer Staff Writer
New Jersey regulators on Monday approved a Public Service Electric & Gas Co. plan to replace 400 miles of gas mains over a three-year period, and allow the utility to recover the $650 million cost with higher rates. PSE&G can raise rates only as the work is placed into service, according to the Board of Public Utilities. Upon completion of the program, a typical residential gas customer who uses 1,010 therms a year will pay about $4.80 more per month. The utility is replacing aging metal gas mains with plastic piping that is less likely to leak methane gases.
NEWS
November 7, 2015 | By Walter F. Naedele, Inquirer Staff Writer
From the late 1990s to 2011, Robert D. Lowden was an instructor in the archery program that his wife, Candace, has run for 30 years for the Collingswood Recreation Department. "Three nights a week, for five weeks in June and July," she said, the Lowdens were instructors "for five classes a night, about 100 students. " The recreational classes, held at Collingswood High School for children and adults, have nothing to do with hunting, she emphasized. But they seemed to be a way through which Mr. Lowden, while holding down a full-time job, found time to help his wife, just as he found time to coach his daughters in other sports.
BUSINESS
April 17, 2015 | By Andrew Maykuth, Inquirer Staff Writer
The New Jersey Board of Public Utilities on Wednesday approved a Public Service Electric & Gas plan to spend an additional $95 million on energy efficiency programs for health care facilities, multi-family housing and small urban businesses, government agencies and non-profits. PSE&G has already invested $227 million on energy efficiency efforts for those sectors through the end of 2014, subsidizing hundreds of hospitals, schools, city halls, firehouses, community service organizations and apartment buildings to save energy and money.
BUSINESS
March 4, 2015 | By Andrew Maykuth, Inquirer Staff Writer
Public Service Electric & Gas Co. asked New Jersey regulators Monday to approve a request to spend $1.6 billion over the next five years to upgrade its natural gas distribution network, nearly tripling the replacement rate of high-risk mains. PSE&G is the latest utility in the region to propose accelerating replacement of aging gas mains, which have been linked to leaks and explosions. The company proposes to replace about 160 miles of cast-iron and unprotected-steel gas mains per year, up from a current rate of 54 miles.
BUSINESS
January 16, 2015 | By Andrew Maykuth, Inquirer Staff Writer
  New Jersey's Public Service Electric and Gas Co. leapfrogged PPL Electric Utilities of Allentown in this year's J.D. Power ranking of business customer satisfaction among large electric utilities in the eastern United States. On J.D. Power's 1,000-point scale, PSE&G scored 685, ahead of PPL's 681. The 12 large electric utilities had an average score of 659. The scores are based on five measures of customer satisfaction: power quality and reliability, billing and payment, corporate citizenship, price, and communications.
BUSINESS
September 20, 2014 | By Andrew Maykuth, Inquirer Staff Writer
New Jersey's largest utility has joined a consortium of companies that wants to build a $1 billion bistate Marcellus Shale pipeline. PSEG Power L.L.C., a subsidiary of the Public Service Enterprise Group, has joined a partnership, PennEast Pipeline Co. L.L.C., which announced in August plans to build a 105-mile gas pipeline underground from Luzerne County to the Trenton area. Construction would begin in 2017. Retail utility customers of Public Service Electric & Gas Co. would benefit by better access to low-cost Marcellus gas, said Mike Jennings, a PSEG spokesman.
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