Utility PSEG reports 36 percent jump in 1Q profits
“Strong operations and a continuation of supportive energy markets are behind our forecast of solid earnings growth in 2008”
TRENTON -- Public Service Enterprise Group posted a 36 percent increase in first-quarter profit Tuesday -- beating Wall Street expectations -- mainly due to higher profit margins at its power-generating ... via Daily Record
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#1 May 8, 2008
Gee......I thought only Exxon was lining their pockets with cash...It looks like our friends at PSEG are doing pretty good themselves...Of course, they would never be accused of price gouging-they're a 'public' utility.
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