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PSEG Power LLC

Company Summary

Description

PSEG Power is committed to operational excellence and constantly strives to improve performance. PSEG Power is a major power producer in the U.S. with four main subsidiaries: PSEG Fossil, PSEG Nuclear, PSEG Energy Resources & Trade and PSEG Power Ventures. PSEG Power operates one of the most balanced portfolios in the country, both in terms of fuel mix and market segment (base load units, load following units and peaking units). That helps us generate the power you need, when you need it.

Website

https://pseg.com/family/power/index.jsp

Related Entities

Firm Transport Commitments

Project: PennEast Pipeline
Firm Commitment: 125,000 Dth/d

Project: Gateway Expansion Project
Firm Commitment: 54,000 Dth/d

Project: Lambertville-East Project
Firm Commitment: 30,000 Dth/d

Recent news

  • 1/18/2023 - PSEG to sell 25% Stake... (subscriber access)
  • 9/9/2021 - PSEG Redeeming $1.35B in... (subscriber access)
  • 6/25/2021 - PSEG Opts to Accelerate... (subscriber access)
  • 6/2/2021 - PSEG Power Officially... (subscriber access)
  • 6/25/2019 - PSEG Brings Online... (subscriber access)

Company Transactions

Date: 6/30/2023
Type: Acquisition

BUYERS:
  • Orsted
  • SELLERS:
  • PSEG Power LLC
  • PROJECTS:
  • Ocean Wind 1
  • DETAILS:
    NOTES:
    PSEG has announced that it is going to sell its 25% stake in the Ocean 1 Offshore Wind Project to Orsted, where the will own 100% of the project after the transaction is closed. An optimal tax structure at Orsted was cited as influencing the decision. The transaction is expected to close in the first half of 2023 and the cost of the transaction was not disclosed.
    REGIONS:
  • Northeast
  • Date: 12/30/2019
    Type: Acquisition

    SELLERS:
  • PSEG Power LLC
  • DETAILS:

    VOLUMES: 776 MW

    NOTES:
    PSEG Power sold its 776 MW interest in the Keystone and Conemaugh generation facilities in western Pennsylvania and related assets, including the assumption of related liabilities. The transaction is anticipated to close 2H19.

    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