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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 199
Company Information
Name: Public Service Enterprise Group Incorporated
Industry: Electric Utilities
Description: Public Service Enterprise Group (PSEG) is a publicly traded (NYSE:PEG), growing energy and energy services company headquartered in Newark, NJ. Its main subsidiaries are: PSEG Power LLC, Public Service Electric and Gas Company (PSE&G) and PSEG Energy Holdings.
Financial Summary: Public Service Enterprise Group is a public utility holding company with four wholly owned subsidiaries: Public Service Electric & Gas, PSEG Power LLC, PSEG Energy Holdings Inc. and PSEG Services Corporation. For the 6 months ended 6/30/05, revenues increased 4% to $5.75B. Net income from cont. ops. decreased 4% to $393M. Revenues reflect higher sales volume. Earnings were offset by increased depreciation expenses.
Business Summary: Public Service Enterprise Group Incorporated (PSEG), incorporated in 1985, is an exempt public utility holding company that operates through four principal direct wholly owned subsidiaries: Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power), PSEG Energy Holdings LLC (Energy Holdings) and PSEG Services Corporation (Services). The operating subsidiaries of Power are PSEG Fossil LLC (Fossil), PSEG Nuclear LLC (Nuclear) and PSEG Energy Resources & Trade LLC (ER&T). The operating subsidiaries of Energy Holdings are PSEG Global LLC (Global) and PSEG Resources LLC (Resources). In May 2004, Global completed the sale of its majority interest in Carthage Power Company. In December 2004, it completed the sale of its 50% equity interest in Meiya Power Company Limited. On December 20, 2004, PSEG entered into an agreement and plan of merger (Merger Agreement) with Exelon Corporation (Exelon), a public utility holding company, whereby PSEG will be merged with and into Exelon.
Misc Details
Symbol: PEG
City: Newark
State: NJ
ZIP Code: 07101
Address: 80 Park Plaza
Phone: 973-430-7000
Fax: 973-430-5845
Website: http://www.pseg.com
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