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Public Service Enterprise Group

Company Summary

Financial Data:

NYSE:PEG from Google Finance

Tickers:

  • PEG - New York Stock Exchange

Related Entities

Recent news

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  • 6/1/2023 - PSEG Concludes Sale of... (subscriber access)
  • 11/1/2022 - Public Service... (subscriber access)
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Company Transactions

Date: 12/31/2021
Type: Acquisition

NOTES:
ArcLight Energy subsidiaries Parkway Energy & Generation Bridge II have signed a deal with PSEG to acquire its 6,750 MW generation portfolio for $1.92 billion. The deal is scheduled for closing in 4Q21-1Q22 and it includes 13 gas-fired plants across Maryland, New Jersey, New York and Connecticut. The sale marks a pivot away from fossil fuels by PSEG, with this deal accelerating their net-zero climate goal from 2050 to 2030.
REGIONS:
  • Northeast
  • Date: 3/31/2021
    Type: Acquisition

    SELLERS:
  • Ørsted A/S
  • PROJECTS:
  • Ocean Wind 1
  • DETAILS:
    NOTES:
    PSEG has made a deal to acquire a 25% stake in the 1,100-MW Ocean Wind offshore project in New Jersey from Ørsted. The overall project has a target for first-power by late-2024, with this acquisition set to close in the first half of 2021.
    REGIONS:
  • Northeast
  • Date: 12/31/2019
    Type: Acquisition

    SELLERS:
  • Ørsted A/S
  • PROJECTS:
  • Ocean Wind 1
  • DETAILS:
    NOTES:
    Public Service Enterprise Group (PSEG) has entered into negotiations to become a 25% equity investor in Orsted's 1,100-MW Ocean Wind project which would be located offshore New Jersey.
    REGIONS:
  • Northeast
  • Date: 6/30/2017
    Type: Acquisition

    NOTES:
    Spectra Energy Partners, a subsidiary of Enbridge, has entered into a purchase and sale agreement with PSEG to acquire it's 10% stake in the PennEast Pipeline Project.
    REGIONS:
  • Northeast