Public Service Enterprise Group Inc.

NYSE:PEG  
61.91
-0.70 (-1.12%)
4:04:05 PM EDT: $61.91 0.00 (0.00%)
Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

PSEG Agrees To Sell PSEG Fossil Generating Portfolio To ArcLight Capital

Published: 08/12/2021 13:02 GMT
Public Service Enterprise Group Inc. (PEG) - Press Release - Pseg Agrees to Sell Pseg Fossil Generating Portfolio to Arclight Capital.
Public Service Enterprise Group Inc - Deal for Approximately $1.92 Billion.
Public Service Enterprise Group Inc - Updates Full-year 2021 Operating Earnings Guidance to $3.50 - $3.65 per Share.
Pseg - Together With Sale of Its Solar Source Assets in June, Pseg is Anticipating to Receive Approximately $2.15 Billion of After-tax Net Proceeds.
Public Service Enterprise - in Connection With Deal, From Q3 of 2021, Assets and Liabilities of Pseg Fossil Will Be Classified As Assets Held for Sale.
Public Service Enterprise Group Inc - With Deal, Expects to Record a Pre-tax Impairment Charge of Approximately $2,150 Million to $2,225 Million.
Public Service Enterprise - All Other Assumptions Related to Full-year 2021 Guidance Are Unchanged.