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Public Service Enterprise Group Incorporated Detail
 
 
 
 
 
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Public Service Enterprise Group Incorporated

Stock Symbol: PEG

80 Park Plaza
http://www.pseg.com

Public Service Enterprise Group Incorporated Industry:
Electric Utilities

Public Service Enterprise Group Incorporated Description:
Public Service Enterprise Group (PSEG) is a publicly traded (NYSE:PEG), growing energy and energy services company headquartered in Newark, NJ. Its main subsidiaries are: PSEG Power LLC, Public Service Electric and Gas Company (PSE&G) and PSEG Energy Holdings.

Public Service Enterprise Group Incorporated Financial Summary:
Public Service Enterprise Group is a public utility holding company with four wholly owned subsidiaries: Public Service Electric & Gas, PSEG Power LLC, PSEG Energy Holdings Inc. and PSEG Services Corporation. For the 6 months ended 6/30/05, revenues increased 4% to $5.75B. Net income from cont. ops. decreased 4% to $393M. Revenues reflect higher sales volume. Earnings were offset by increased depreciation expenses.

Public Service Enterprise Group Incorporated Business Summary:
Public Service Enterprise Group Incorporated (PSEG), incorporated in 1985, is an exempt public utility holding company that operates through four principal direct wholly owned subsidiaries: Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power), PSEG Energy Holdings LLC (Energy Holdings) and PSEG Services Corporation (Services). The operating subsidiaries of Power are PSEG Fossil LLC (Fossil), PSEG Nuclear LLC (Nuclear) and PSEG Energy Resources & Trade LLC (ER&T). The operating subsidiaries of Energy Holdings are PSEG Global LLC (Global) and PSEG Resources LLC (Resources). In May 2004, Global completed the sale of its majority interest in Carthage Power Company. In December 2004, it completed the sale of its 50% equity interest in Meiya Power Company Limited. On December 20, 2004, PSEG entered into an agreement and plan of merger (Merger Agreement) with Exelon Corporation (Exelon), a public utility holding company, whereby PSEG will be merged with and into Exelon.

 
 
 
 
 
 
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