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	<title>Stock Blog Hub &#187; Public Service Enterprise Grou</title>
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		<title>(PEG) Public Service Enterprise Group Lowers Gas Bills</title>
		<link>http://www.stockbloghub.com/2009/09/18/peg-public-service-enterprise-group-lowers-gas-bills/15564</link>
		<comments>http://www.stockbloghub.com/2009/09/18/peg-public-service-enterprise-group-lowers-gas-bills/15564#comments</comments>
		<pubDate>Fri, 18 Sep 2009 17:10:45 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[PEG]]></category>
		<category><![CDATA[Public Service Enterprise Grou]]></category>

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		<description><![CDATA[Public Service Enterprise Group Inc. (PEG) yesterday lowered residential natural gas bills by approximately 7% with immediate effect. The revision, which was in advance of the winter heating season, was already approved by the New Jersey Board of Public Utilities. As a result of the recent reduction of natural gas supply rates, the monthly bill of an average residential gas heating customer consuming 200 therms in a winter month will reduce by $20.54 to $270.85. This is the third instance of a rate cut for the supply of natural gas in fiscal 2009. Earlier in fiscal 2009, Public Service Enterprise lowered residential gas bills by 5% and 7% on Jan 1 and Mar 1, respectively. The cumulative decrease in rates was 18% as compared to October 2008 rates. The rate ]]></description>
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		<title>(PEG) PSEG Nuclear Files License Renewal</title>
		<link>http://www.stockbloghub.com/2009/08/20/peg-pseg-nuclear-files-license-renewal/13001</link>
		<comments>http://www.stockbloghub.com/2009/08/20/peg-pseg-nuclear-files-license-renewal/13001#comments</comments>
		<pubDate>Fri, 21 Aug 2009 03:22:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Utilities]]></category>
		<category><![CDATA[Utilities]]></category>
		<category><![CDATA[Men's Wearhouse Inc.]]></category>
		<category><![CDATA[MW]]></category>
		<category><![CDATA[PEG]]></category>
		<category><![CDATA[Public Service Enterprise Grou]]></category>

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		<description><![CDATA[PSEG Nuclear, a Public Service Enterprise Group (PEG) company, has appealed to the U.S. Nuclear Regulatory Commission (NRC) for renewing the operating licenses of its New Jersey-based Salem and Hope Creek facilities by another 20 years. The NRC is likely to take around 22-30 months to review the applications. For merchant nuclear reactors, the NRC originally issues operating licenses for 40 years under the Atomic Energy Act, which is the average period taken by electric utilities to amortize their capital spending. PSEG Nuclear’s Salem station has two units with a combined generating capacity of 2345 megawatts (MW).  The original operating licenses of Salem’s Unit 1 and 2 are valid till 2016 and 2020, respectively.  The Hope Creek facility has a single unit generating 1211 MW and its original operating license ]]></description>
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