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Energy Company PSEG's Flat 1Q Profit Beats Views
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PEG
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NEWARK, N.J. (AP) — Public Service Enterprise Group Inc. said Monday first quarter profit nearly matched year-ago figures even as the recession softened demand for its gas and electricity services.
The company reported profit of $444 million, or 88 cents a share, compared with $448 million, or 88 cents a share a year ago.
The results included $38 million in losses — 4 cents per share, on investments in its nuclear decommissioning trust fund and 3 cents per share in market-to-market losses. ...
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