PSEG Enters Agreement to Sell Its Solar Source Portfolio to Affiliate of LS Power
Transaction Furthers PSEG Strategic Alternatives Transformation
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NEWARK, N.J., May 5, 2021 /PRNewswire/ Public Service Enterprise Group Inc. (PSEG) today announced that it has entered into an agreement to sell its PSEG Solar Source LLC portfolio to Quattro Solar, LLC, an affiliate of LS Power. The sale includes the 467-megawatt-dc Solar Source portfolio of 25 solar facilities located in various states and related assets and liabilities. The sale of this non-core generation portfolio is part of PSEG s Strategic Alternatives process to explore options for PSEG Power s non-nuclear generating fleet which, in addition to Solar Source, includes more than 6,750 megawatts of fossil generation.
PSEG Applauds BPU s Decision to Extend Zero Emission Certificates (ZECs) for an Additional Three Years to New Jersey s Nuclear Plants
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NEWARK, N.J., April 27, 2021 /PRNewswire/ Today, the New Jersey Board of Public Utilities (BPU) unanimously voted to extend the Zero Emission Certificates (ZECs) for New Jersey s three nuclear power plants, Hope Creek and Salem 1 and 2, for an additional three years.
In 2018, the New Jersey Legislature and Gov. Phil Murphy enacted legislation that established a Zero Emission Certificate program to preserve nuclear plants that provide more than 90% of the state s carbon-free electricity. In the state s Energy Master Plan and the Department of Environmental Protection s Global Warming Response Act 80x50 report, New Jersey indicated its intent to preserve its carbon-free nuclear generating resources into the 2050s to meet its 100% clean energy goals.
PSEG Nuclear s Hope Creek Generating Station Commenced Planned Refueling and Maintenance Outage
Hope Creek Generating Station Set Records for Reliability and Availability
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LOWER ALLOWAYS CREEK, N.J., April 23, 2021 /PRNewswire/ This week, PSEG Nuclear s Hope Creek Generating Station marked another uninterrupted 18-month production cycle and entered a planned refueling and maintenance outage after operators safely removed the unit from the regional power grid.
Hope Creek is one of three nuclear units operated by PSEG Nuclear in Salem County, New Jersey. Collectively, the combined Salem and Hope Creek generating site produces approximately 40% of the state s electricity and more than 90% of its carbon-free energy, making it a critical component of New Jersey s long-range clean energy objectives and climate change efforts.
PSEG Declares Regular Quarterly Dividend For Second Quarter Of 2021
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NEWARK, N.J., April 20, 2021 /PRNewswire/ The Board of Directors of Public Service Enterprise Group (NYSE: PEG) today declared a $0.51 per share dividend on the outstanding common stock of the company for the second quarter of 2021.
All dividends for the second quarter are payable on or before June 30, 2021, to shareholders of record on June 8, 2021.
Forward-Looking Statement
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management s beliefs as well as assumptions made by and information currently available to management. Factors that may
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