Independent Power and Renewable Electricity Producers
Company Overview of PSEG Energy Holdings L.L.C.
PSEG Energy Holdings L.L.C. generates electricity by solar energy. It holds investments in power producers that own and operate electric generation facilities in Texas, California, and Hawaii, as well as in New Hampshire and Pennsylvania. The company also has investments in energy-related financial transactions, and manages a portfolio of assets, including leveraged leases, operating leases, a leveraged buyout fund, limited partnerships, and marketable securities. The company was founded in 1989 and is based in Newark, New Jersey. PSEG Energy Holdings L.L.C. operates as a subsidiary of Public Service Enterprise Group Inc.
80 Park Plaza
Newark, NJ 07102-4194
Founded in 1989
Key Executives for PSEG Energy Holdings L.L.C.
Chairman, Chief Executive Officer and Executive Officer of Public Service Enterprise Group
Chief Financial Officer and Executive Vice President
President of PSEG Resources LLC and President of Enterprise Group Development Corporation
President of Public Service Electric and Gas Company
Vice President of Finance, Treasurer, Vice President of PSEG Services Corporation
Compensation as of Fiscal Year 2015.
PSEG Energy Holdings L.L.C. Key Developments
Randall E. Mehrberg, President and Chief Operating Officer of PSEG Energy Holdings LLC to Resign, Effective December 1, 2013
Oct 21 13
On October 18, 2013, Randall E. Mehrberg, President and Chief Operating Officer of PSEG Energy Holdings LLC, notified the company of his intention to resign from all positions effective December 1, 2013.
PSEG Energy Holdings/Enterprise Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2013; Reaffirms Earnings Guidance for the Year 2013
Jul 30 13
PSEG Energy Holdings/Enterprise reported unaudited earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company’s operating earnings were $8 million or $0.02 per share versus operating earnings of $4 million or $0.01 per share during the second quarter of 2012. The improvement in operating earnings for the quarter reflects a gain on the sale of a commercial office complex. Operating negative revenues were $303 million against $294 million a year ago. Operating income was $10 million against $10 million a year ago. Income from continuing operations before income tax was $16 million against $16 million a year ago. Income from continuing operations/net income was $8 million against $104 million a year ago.
For the six months, the company’s operating earnings were $12 million or $0.03 per share against $43 million or $0.09 per share a year ago. Operating revenues were $959 million against $919 million a year ago. Operating income was $14 million against $10 million a year ago. Income from continuing operations before income tax was $24 million against $21 million a year ago. Income from continuing operations/net income was $12 million against $49 million a year ago.
The forecast of PSEG Energy Holdings/Parent full year operating earnings for 2013 is unchanged at $25 to $35 million. The results will reflect the full year operation of the Milford and Queen Creek solar facilities (40 MW), which entered service in the fourth quarter of 2012, as well as the commercial operation of a $50 million (19 MW) solar facility located in Arizona, which is expected to enter service in the fourth quarter.
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