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PSEG Reaffirms 2009 Profit Outlook Of $3 To $3.25

Stock quotes in this article: PEG  

NEWARK, N.J. (AP) — Public Service Enterprise Group Inc. on Wednesday reaffirmed its 2009 profit guidance of $3 to $3.25 per share.

Ralph Izzo, PSEG's chairman, president and chief executive, said in a statement that the company has a strong balance sheet with a greatly reduced risk profile positioned for organic growth opportunities. He did not elaborate in the statement.

Analysts surveyed by Thomson Reuters, on average, were expecting a profit of $3.07 per share this year. ...

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