PSEG Looks to NGCC Startups, More than $10 Billion in Capital Spending After Rough Year
SUGAR LAND--February 27, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Public Service Enterprise Group (NYSE:PEG) (PSEG) (Newark, New Jersey) took a hit in earnings in 2016 as several major units closed and both prices and demand tumbled. Nonetheless, executives staked out a strong capital-expenditure plan for the coming years, including the expected startup of three natural gas-fired, combined-cycle (NGCC) power projects. Industrial Info is tracking $20.77 billion in active projects involving PSEG.
Within this article: Details on PSEG's outlook and some of its most anticipated projects, including the NGCC projects.
