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    PEG

PUBLIC SERVICE ENTERPRISE GROUP (PEG)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Public Service : PSEG Cork Oak Solar Energy Center Goes Online 26.2 MW North Carolina facility in operation, powers 5,000 homes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/29/2018 | 12:55pm CEST

PSEG Solar Source today announced that its PSEG Cork Oak Solar Energy Center successfully began operations in December 2017.

The 26.2-megawatt (dc) facility has a 10-year power purchase agreement with Virginia Electric and Power Co. and is located about 90 miles northeast of Raleigh in Halifax, N.C. It is the third project PSEG Solar Source has developed in collaboration with BayWa r.e.

'We remain focused on growing our solar business by partnering with top-notch organizations like BayWa r.e., on projects like Cork Oak,' said Diana Drysdale, president of PSEG Solar Source. 'This solar farm can power 5,000 homes and will increase the region's supply of clean energy. It is another step forward, toward a more sustainable future for all of us.'

BayWa r.e. was the project's engineering, procurement and construction contractor and now operates the facility for PSEG Solar Source. The project was initiated by Geenex Solar, a developer based in Charlotte, N.C.

PSEG Solar Source completed the acquisition of the project from BayWa r.e. in January 2017.

'This continued revitalization of America's energy grid would not have been possible without the important contribution of partners like PSEG and Geenex, and the strong support of the local community,' said Jam Attari, CEO of BayWa r.e. Solar Projects.

PSEG Solar Source now has 23 utility-scale solar facilities in operation in 14 states, including six in North Carolina. Solar Source has a total installed capacity of 414 MWs (dc).

About PSEG Solar Source

PSEG Solar Source is a subsidiary of PSEG Power, a merchant power generation company which is part of the Public Service Enterprise Group (PSEG) family of companies. PSEG (NYSE:PEG) is a publicly traded diversified energy company with annual revenues of $9.1 billion. Its other main subsidiaries are Public Service Electric and Gas Company (PSE&G), a regulated New Jersey gas and electric utility, and PSEG Long Island, which operates the transmission and distribution assets of the Long Island Power Authority (LIPA).

Contact:

Michael Jennings

Tel: 973-430-6406

(C) 2018 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BAYWA AG 0.70% 28.95 Delayed Quote.-10.35%
PUBLIC SERVICE ENTERPRISE GROUP 1.08% 52.305 Delayed Quote.0.47%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PUBLIC SERVICE ENTERPRISE
07/17PSEG : Declares Regular Quarterly Dividend for Third Quarter Of 2018
PR
07/09PUBLIC SERVICE : East Meadow Schools Receives a $217,901 Energy Efficiency Rebat..
PU
07/06PUBLIC SERVICE : PSEG Long Island Announces July 2018 Power Supply Charge
AQ
07/06PUBLIC SERVICE : PSEG Long Island Proposes Utility 2.0 Plan to Empower Customers..
AQ
06/29PUBLIC SERVICE : PSEG Long Island Offers Tips to Save Money and Beat the Heat
PU
06/26PUBLIC SERVICE : Going Green Yields Tens of Thousands of Dollars in Savings for ..
PU
06/25PUBLIC SERVICE : PSEG Long Island Unveils New Website
PU
06/22PUBLIC SERVICE : Rick Thigpen Promoted to Senior Vice President - Corporate Citi..
PU
06/14PUBLIC SERVICE ENTERPRISE GROUP : Free Technical Research on Public Service Ente..
AC
06/13PUBLIC SERVICE : PSE&G Unveils Next Phase of 'Energy Strong' Investments Proposa..
AQ
More news
News from SeekingAlpha
07/17Public Service declares $0.45 dividend 
07/11Downside Protection For Dominion Energy 
07/03U.S. Northeast grids say power sufficient to handle this week's heat 
06/25Dow utilities cap best eight-day stretch in more than two years 
06/24Utilities Week In Review For The Week Of June 18-22 
Financials ($)
Sales 2018 10 008 M
EBIT 2018 2 524 M
Net income 2018 1 592 M
Debt 2018 14 776 M
Yield 2018 3,48%
P/E ratio 2018 16,56
P/E ratio 2019 15,57
EV / Sales 2018 4,09x
EV / Sales 2019 4,03x
Capitalization 26 140 M
Chart PUBLIC SERVICE ENTERPRISE
Duration : Period :
Public Service Enterprise  Technical Analysis Chart | PEG | US7445731067 | 4-Traders
Technical analysis trends PUBLIC SERVICE ENTERPRISE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 55,9 $
Spread / Average Target 8,0%
EPS Revisions
Managers
NameTitle
Ralph Izzo Chairman, President & Chief Executive Officer
Ralph A. LaRossa Chief Operating Officer
Daniel J. Cregg Chief Financial Officer & Executive Vice President
Richard J. Swift Independent Director
Albert R. Gamper Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PUBLIC SERVICE ENTERPRISE GROUP0.47%26 140
DUKE ENERGY CORP-4.36%56 536
IBERDROLA3.84%49 993
SOUTHERN COMPANY-0.92%48 204
DOMINION ENERGY-13.18%45 927
EXELON CORPORATION6.37%40 469