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 0.00% 28.25 Delayed Quote.-11.91%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PUBLIC SERVICE ENTERPRISE
04/20PUBLIC SERVICE ENTERPRISE GROUP INC : Submission of Matters to a Vote of Securit..
AQ
04/20PUBLIC SERVICE : Pseg declares regular quarterly dividend - for second quarter o..
AQ
04/20PUBLIC SERVICE : PSEG Power Connecticut Kicks Off Second Class of Bridgeport App..
AQ
04/18PUBLIC SERVICE : PSE&G Honors Line Workers
PU
04/18PUBLIC SERVICE : PSEG Power Connecticut Kicks Off Second Class of Bridgeport App..
AQ
04/17PUBLIC SERVICE : PSEG Declares Regular Quarterly Dividend For Second Quarter Of ..
PR
04/17PUBLIC SERVICE : PSEG Nuclear begins refueling outage at 1.2GW Hope Creek power ..
AQ
04/14PUBLIC SERVICE : PSEG Nuclear's Hope Creek Generating Station Begins Refueling O..
AQ
04/13PUBLIC SERVICE : PSEG Nuclear’s Hope Creek Generating Station Begins Refue..
PU
04/13PSEG NUCLEAR : 's Hope Creek Generating Station Begins Refueling Outage and Sets..
PR
More news
News from SeekingAlpha
04/17Public Service declares $0.45 dividend 
04/16UTILITIES WEEK IN REVIEW : April 9-13 
04/12New Jersey legislature passes subsidy bill for Public Service nuke plants 
04/09VALUATION DASHBOARD : Utilities - Update 
04/04'Value Stocks' That Are Actually Expensive 
Financials ($)
Sales 2018 9 962 M
EBIT 2018 2 533 M
Net income 2018 1 573 M
Debt 2018 14 586 M
Yield 2018 3,64%
P/E ratio 2018 15,99
P/E ratio 2019 15,53
EV / Sales 2018 3,97x
EV / Sales 2019 3,90x
Capitalization 24 991 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
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 53,2 $
Spread / Average Target 7,5%
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 GROUP-2.85%24 991
DUKE ENERGY CORP-7.64%54 423
IBERDROLA-2.85%49 646
SOUTHERN COMPANY-5.18%45 589
DOMINION ENERGY-18.50%43 932
EXELON CORPORATION-2.06%37 248