Public Service Enterprise (PEG) is expanding its utility solar base. Its subsidiary Public Service Electric and Gas Company (PSE&G) received approval from the New Jersey Board of Public Utilities for an additional $143 million for its ongoing solar loan program. This will help the company finance the installation of an additional 51MW of solar energy systems in homes, businesses and municipal buildings throughout its electric service area New Jersey.  PSE&G is a regulated public utility company primarily engaged in the transmission and distribution of electricity and gas in New Jersey. It serves approximately 2.1 million electricity customers and 1.7 million gas customers in the region.  Since the utility's initial Solar Loan Program was approved by the New Jersey Board of Public Utilities in April 2008, customers have applied for loans totaling $105 million that would result in 30MW of installed solar capacity. In addition to the ...

Public Service Enterprise (PEG) is expanding its utility solar base. Its subsidiary Public Service Electric and Gas Company (PSE&G) received approval from the New Jersey Board of Public Utilities for an additional $143 million for its ongoing solar loan program. This will help the company finance the installation of an additional 51MW of solar energy systems in homes, businesses and municipal buildings throughout its electric service area New Jersey.  PSE&G is a regulated public utility company primarily engaged in the transmission and distribution of electricity and gas in New Jersey. It serves approximately 2.1 million electricity customers and 1.7 million gas customers in the region.  Since the utility's initial Solar Loan Program was approved by the New Jersey Board of Public Utilities in April 2008, customers have applied for loans totaling $105 million that would result in 30MW of installed solar capacity. In addition to the ...

Public Service Enterprise Group Inc. (PEG) through its subsidiary PSEG Solar Source will develop three large-scale solar power projects with a cumulative total capacity of approximately 29.2MW. The three solar projects entailing an investment of approximately $100 million from Public Service will be located in Florida, Ohio and New Jersey. The three projects will utilize 380,000 solar thin-film panels sourced from First Solar Inc. (FSLR). The company expects the projects to be operational by the end of fiscal 2010. The projects will be developed in close collaboration with Juwi solar Inc. Based in Boulder, CO – Juwi solar is a privately-held solar energy generation company which will provide the engineering, procurement, construction and initial operation and maintenance services for the projects. However, ownership of the projects will lie with PSEG Solar Source. Public Service in recent times is focusing on the solar space in ...

Public Service Enterprise Group's (PEG) future success will be driven by its improving nuclear operations, successful foray into alternative energy sources, the impact of the gas and electric rate settlement, and an ongoing share repurchase program.  Management also sold all of its international assets and diverted the proceeds to reduce debt and capital expansion plans, to focus on growth opportunities in the core U.S. market. The company has also embarked on a $1.6 billion capital expenditures program for new transmission facilities spread over the next five to eight years.However, the rising cost of coal, higher pension and financial costs, the IRS challenging certain leveraged leases and power-price volatility may partially offset the stock's upside potential.Looking ahead over the next six months, we expect the stock to generate moderate positive returns for shareholders driven by the ongoing share repurchase program, cash ...