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July 31, 2015 2:13 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of PSEG Power LLC

Company Overview

PSEG Power LLC operates as a wholesale energy supply company primarily in the Northeast and Mid-Atlantic United States. The company integrates its nuclear, fossil, and renewable generating asset operations with its wholesale energy, fuel supply, energy trading, and marketing and risk management activities. It offers a range of products and services, including energy, capacity, ancillary services, emissions allowances, and congestion credits used to optimize the operation of the energy grid to power marketers; investor-owned and municipal utilities; and aggregators who resell energy to retail consumers, or in the open market. The company also sells wholesale natural gas. It owns and operates ...

80 Park Plaza, T-25

Newark, NJ 07102

United States

Founded in 1999

2,973 Employees

Key Executives for PSEG Power LLC

President, Chief Operating Officer and Director
Age: 59
Chief Financial Officer and Executive Vice President
Age: 56
Chairman of PSEG and Chief Executive Officer of PSEG
Age: 57
Chairman of the Board of PSEG Long Island LLC, President of Public Service Electric & Gas Company (Pse&g) and Chief Operating Officer of Public Service Electric & Gas Company (Pse&g)
Age: 51
Executive Vice President, General Counsel and Director
Age: 50
Compensation as of Fiscal Year 2015.

PSEG Power LLC Key Developments

Caroline Dorsa Announces Intention to Retire as Executive Vice President and Chief Financial Officer of Public Service Enterprise Group Incorporated, Public Service Electric and Gas Company and PSEG Power LLC, Effective in the Fourth Quarter of 2015

Public Service Enterprise Group Incorporated (PSEG) announced that Caroline Dorsa has notified PSEG of her intention to retire from her positions as Executive Vice President and Chief Financial Officer (including as Principal Financial Officer) of PSEG, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power), effective in the fourth quarter of 2015. Dorsa, has been executive vice president and chief financial officer for PSEG and its subsidiaries since April 2009. Prior to becoming CFO, she had served for six years as a member of the PSEG Board of Directors and a member of PSEG's Audit, Corporate Governance and Finance Committees.

PSEG Power LLC expected to report Q2 2015 results on July 31, 2015. This event was calculated by Capital IQ (Created on May 2, 2015).

PSEG Power LLC expected to report Q2 2015 results on July 31, 2015. This event was calculated by Capital IQ (Created on May 2, 2015).

PSEG Power Reports Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Full Year of 2015

PSEG Power reported earnings results for the first quarter of 2015. The company reported operating earnings of $278 million or $0.55 per share for the first quarter of 2015 and adjusted EBITDA of $626 million compared with operating earnings of $293 million or $0.58 per share for the first quarter of 2014 and adjusted EBITDA of $651 million. The company’s operating earnings for 2015 are forecast at $620 - $680 million. The forecast of operating earnings represents adjusted EBITDA for the full year of $1,545 million to $1,645 million. Results for the remainder of the year will be heavily influenced by an increase in the average price of hedged energy and the expected decline in year-over-year capacity revenue.

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