Nov 10, 2011
- Brian Eckhouse
Ralph IzzoPublic Service Enterprise Group is readying $750 million in transmission lines from Warren County, N.J., through Morris County to Essex County. The 45-mile segment, part of the regional Susquehanna-Roseland transmission project, will be financed via the Newark, N.J.-based utilitys balance sheet, said Ralph Izzo, chairman, president and ceo, on the sidelines of the Edison Electric Institute Financial Forum in Orlando, Fla.The utility has no specific timeline to issue debt to finance its part of the project, which includes a Pennsylvania portion being developed by PPL Corp. Well do it as needed, said Kathleen Lally, v.p. of investor relations in Newark.Upcoming debt issuances wouldnt solely finance the Susquehanna-Roseland project, said Izzo, noting PSE&Gs growing capital investment program. The utility is planning $5.2 billion in investments through 2013, including $2.9 billion in transmission. Transmission is expected to comprise roughly one-third of PSE&Gs rate base by 2013.
Set up your account today for full access to Power Finance & Risk.
Join our readership!
Want unlimited access, but don't feel quite ready to subscribe?
Apr 11, 2019 - Power Finance & Risk
Gusts of up to 46 mph in Las Vegas this week did not dampen the spirits of attendees of the S&P Global Platts 34th Annual Global Power Conference, but did put paid to plans for open air cigar parties. PFR editor Richard Metcalf and reporter Taryana Odayar were on hand to chronicle the action, inside and outside the conference hall.
Apr 08, 2019 - Power Finance & Risk
As representatives of developers, banks, investment firms and service providers descend on Las Vegas for S&P Global Platts’ 34th Annual Global Power Markets Conference, PFR takes a look at what to expect.
Mar 15, 2019 - Power Finance & Risk
Known for undertaking ambitious infrastructure projects such as the world’s largest hydro project, the Three Gorges Dam, China has now embarked on a mission to develop the first utility-scale solar project in space by 2040.
© 2019 Euromoney Institutional Investor PLC. All material subject to strictly enforced copyright laws.
Please read our Terms and Conditions,