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

[Charlie L]

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.