Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Public Service Enterprise Group Inc.    PEG

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

PUBLIC SERV NPV : PSEG Power Announces Delay in Sale of Odessa

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/02/2011 | 01:35pm CET

NEWARK, N.J., June 2, 2011 /PRNewswire/ -- PSEG Power LLC, a subsidiary of Public Service Enterprise Group Incorporated (NYSE:PEG) announced that it has terminated the Purchase and Sale Agreement (PSA) with High Plains Diversified Energy Corporation (HPDEC) for its 1,000 MW gas-fired Odessa generation facility. The PSA was for a $335 million purchase price. PSEG Power continues to pursue the sale of Odessa with a goal of closing later this year.

Odessa is one of two 1,000 MW gas-fired power plants that PSEG Power announced its determination to sell earlier in the year. The sale of the other facility, Guadalupe, was completed in the first quarter.

FORWARD-LOOKING STATEMENT

The statements contained in this communication about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences and all other statements that are not purely historical, are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance they will be achieved. There are a number of risks and uncertainties that could cause actual results to differ materially from what may actually occur. A discussion of some of these risks and uncertainties is contained in our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission (SEC). These documents address in further detail our business, industry issues and other factors that could cause actual results to differ materially from those indicated in this communication. Forward looking statements made in this communication only apply as of this date. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even if our internal estimates change, unless otherwise required by applicable securities laws.

Public Service Enterprise Group (NYSE:PEG) is a publicly traded diversified energy company with annual revenues of more than $12 billion, and three principal subsidiaries: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Energy Holdings.

Want to know what's new at PSEG? Go to www.pseg.com/getnews and sign up to have our press releases and weekly environmental commentaries sent right to your inbox.

SOURCE PSEG Power

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PUBLIC SERVICE ENTERPRISE
12/07 PUBLIC SERVICE ENTERPRISE GROUP INC. : ex-dividend day
12/01 PSE&G : Reminds Customers to Apply for Assistance in Paying Winter Heating Bills
12/01 PSEG LONG ISLAND : 's New Power Outage Map Lights Up with Information
11/30 PUBLIC SERVICE : NJ BPU Approves Extension To PSE&G Solar 4 All Program
11/30 PUBLIC SERVICE : NJ BPU Approves Extension To PSE&G Solar 4 All Program
11/30 PUBLIC SERVICE : PSEG Solar Source Acquires 6.6 MW Solar Project from BayWa r.e.
11/22 PUBLIC SERVICE : PSEG Solar Source Acquires 6.6 MW Solar Project from BayWa r.e
11/21 PUBLIC SERVICE : PSEG Solar Source Acquires 6.6 MW Solar Project from BayWa r.e...
11/21 PSEG SOLAR SOURCE : Acquires 6.6 MW Solar Project from BayWa r.e.
11/16 PUBLIC SERVICE : PSEG Declares Regular Quarterly Dividend
More news
Sector news : Electric Utilities - NEC
02:58a TOKYO ELECTRIC POWER : Japan to increase loan to Fukushima operator Tepco to $12..
12/06DJORIGIN ENERGY : to Sell Oil-and Gas Operations Through IPO -- Update
12/05DJOrigin Energy to Float Conventional Upstream Business
12/02DJOrigin Energy's New CEO Makes Changes to Leadership Team
11/25DJDOMINION RESOURCES : Saudi Arabia to Skip Meeting With Non-OPEC Producers
More sector news : Electric Utilities - NEC
News from SeekingAlpha
11/16 PEG Bond Yielding 6% Beats The Stock's Dividend Yield
11/15 Public Service declares $0.41 dividend
10/31 Public Service Enterprise's (PEG) CEO Ralph Izzo on Q3 2016 Results - Earning..
10/31 Public Service Enterprise Group Inc. 2016 Q3 - Results - Earnings Call Slides
10/31 Public Service beats by $0.05