PSEG Declares 34.25-Cent Quarterly Dividend
NEWARK, N.J., April 20 /PRNewswire-FirstCall/ -- The board of directors of Public Service Enterprise Group (PSEG) has declared a quarterly dividend of 34.25 cents per share of common stock for the second quarter of 2010. (NYSE: PEG)
All dividends for the second quarter are payable on or before June 30, 2010, to stockholders of record on June 9, 2010.
FORWARD-LOOKING STATEMENT
Readers are cautioned that statements contained in this presentation about our and our subsidiaries' future performance, including future revenues, earnings, strategies, prospects and all other statements that are not purely historical, are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance they will be achieved. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, but are not limited to:
- Adverse changes in energy industry, law, policies and regulation, including market structures and rules, and reliability standards.
- Any inability of our transmission and distribution businesses to obtain adequate and timely rate relief and regulatory approvals from federal and state regulators.
- Changes in federal and state environmental regulations that could increase our costs or limit operations of our generating units.
- Changes in nuclear regulation and/or developments in the nuclear power industry generally, that could limit operations of our nuclear generating units.
- Actions or activities at one of our nuclear units located on a multi-unit site that might adversely affect our ability to continue to operate that unit or other units at the same site.
- Any inability to balance our energy obligations, available supply and trading risks.
- Any deterioration in our credit quality.
- Availability of capital and credit at commercially reasonable terms and our ability to meet cash needs.
- Any inability to realize anticipated tax benefits or retain tax credits.
- Changes in the cost of or interruption in the supply of fuel and other commodities necessary to the operation of our generating units.
- Delays or unforeseen cost escalations in our construction and development activities.
- Adverse performance of our decommissioning and defined benefit plan trust fund investments, and changes in discount rates and funding requirements.
- Changes in technology and increased customer conservation.
For further information, please refer to our Annual Report on Form 10-K, including Item 1A. Risk Factors, and subsequent reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission. These documents address in further detail our business, industry issues and other factors that could cause actual results to differ materially from those indicated in this presentation. In addition, any forward-looking statements included herein represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even if our internal estimates change, unless otherwise required by applicable securities laws.
Public Service Enterprise Group (NYSE: PEG) is a publicly traded diversified energy company with annual revenues of more than $12 billion, and three principal subsidiaries: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Energy Holdings.
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SOURCE Public Service Enterprise Group (PSEG)
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