An energy company with a diversified business mix, which has four principal direct wholly owned subsidiaries: Public Service Electric and Gas Company, PSEG Power LLC, Energy Holdings and PSEG Services Corporation.
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New Jersey based energy utility trading near low end of 52 week range and paying dividend of >4%. Recently received 20 year renewal of licenses for both units at PSEG's Salem Nuclear Generating Station despite heightened concerns about nuclear power in the wake of Japanese nuclear disaster. Salem is the second largest nuclear facility in the U.S. and the renewed licenses extend the life of these units to 2036 and 2040 respectvely.