Company Profile For Public Service Enterprise Group Incorporated

Public Service Enterprise Group Incorporated (PEG.N) (New York Stock Exchange)

sector: Utilities · industry: Utilities - Electric ·

As of 10:23pm IST

31.35USD

Price Change

+0.10

Percent Change

+0.32%

Analyst Recommendations

Overview

Public Service Enterprise Group Inc. (PSEG) is a holding company that operates through three principal direct wholly owned subsidiaries: Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and PSEG Energy Holdings LLC (Energy Holdings). PSEG is an energy company with a diversified business mix. PSEG’s operations are primarily in the Northeastern and Mid Atlantic United States, and in other select markets. The wholly owned operating subsidiaries of Power are PSEG Fossil LLC (Fossil), PSEG Nuclear LLC (Nuclear) and PSEG Energy Resources & Trade LLC (ER&T).

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Public Service Enterprise Group Inc.'s revenue decreased 5% to $9.52B. Net income from continuing operations increased 67% to $1.24B. Revenue reflects a decrease in sales volume and decreased revenue from PSEG Power segment. Net income was offset by lower energy cost, a decrease in expenses from other than temporary impairments and lower interest expenses.