Weekends
Report -PEG -Izzo Calls Passage of Climate Change Bill Significant- Sourced WhisperFromWallStreet.com
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Public Service Enterprise Group Inc.PEG
Weekends Report: 32.27 Up 0.04 (0.12%) 7:35PM ET
Calling the passage today of the American Clean Energy and Security Act a
significant step towards getting comprehensive climate change legislation
signed into law, PSEG Chairman Ralph Izzo thanked the members of the New Jersey
delegation for voting in favor of the bill and recognizing the opportunities
for economic growth, and consumer and environmental protection.
"I am encouraged by the action in the House today," Izzo said.
"The country is getting serious about the need to address global warming,
and its leaders understand the relationship between environmental protection,
economic growth and consumer protection. The legislation was carefully crafted
to balance all of these important interests."
About
Public Service Enterprise Group Incorporated, through its subsidiaries, engages
in the transmission, distribution, and sale of electric energy and natural gas
to commercial, residential, and industrial customers primarily in the
Northeastern and Mid Atlantic United States. It also offers appliance services
and repairs to its customers. The company also operates as an independent wholesale
energy supply company that integrates its generating asset operations through
its wholesale energy, fuel supply, energy trading, and marketing and risk
management functions. As of December 31, 2008, its generation portfolio
consisted of approximately 13,600 megawatts of installed capacity. Public
Service Enterprise Group served 2.1 million electric customers and 1.7 million
gas customers. In addition, the company owns 2,395 megawatts of capacity in
areas outside of the Mid Atlantic region, including 2 gas-fired, combined cycle
generation facilities in
Last Trade: 32.23
Day's Range: 31.68 - 32.39
52wk Range: 22.09 - 47.33
Volume: 8,836,901
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