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PSEG Shakes Up Staff While Shaking Off Failed Exelon Bid - Natural Gas Intelligence

Newark-based Public Service Enterprise Group (PSEG) has made a series of management and organizational changes, including the naming of new presidents for four businesses: PSEG Energy Holdings, PSEG Global, PSEG Energy Resources & Trade and PSEG Services. The company also is restaffing positions that went unfilled in anticipation of its merger with Exelon, now aborted. ....

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PSEG asks NJ BPU to subsidize nuclear plants or see their closure


Did you know a portion of your electric bill goes to help keep New Jersey s three nuclear power plants afloat?
Residential customers throughout New Jersey now dish out, through their electric bills, around $30 to $40 a year, depending on how much electricity they use. Large industrial users can pay hundreds of thousands of dollars a year.
Now Newark-based Public Service Enterprise Group, the largest owner of the three nuclear reactors, has asked the New Jersey Board of Public Utilities to extend the subsidies another three years. A decision is expected in April.
The plants are not profitable, says PSEG Power, the utility s subsidiary that operates its power plants. ....

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