Search Results for: pseg

…full text, but I wanted to share with you a small victory. Unfortunately, PSEG’s ad budget does not yet rival that of Chevron, BP or Shell – the ad partially covered page B5. It was not a full page on the front flap or back cover like the major fossil fuel companies often buy. However, it is a start worth mentioning! Update: Here is the ad text: We have good news for investors in the energy sector: There can be green in going green. Over the year…

…ow the article was a three quarter page advertisement by PSEG. Once again, PSEG has paid for a advertisement with text that is a ringing endorsement of the idea that nuclear power is clean, safe and economical. I posted a copy of that ad on October 12, but think it is worth posting again: We have good news for investors in the energy sector: There can be green in going green. Over the years, we at PSEG have shown that generating clean energy, such…

…d their production and electricity use. Instead of growing at 7% per year, PSEG’s demand actually fell. PSEG had three large nuclear plants on order, one a GE BWR at Hope Creek and two of Westinghouse’s new factory-built Offshore Power Systems. Hope Creek construction was much farther along; Westinghouse had just started the factory up to build the Offshore Power Systems plants, so they could be cancelled at a much lower cost. The reason I am poin…

…mption that had been going on for more than two decades and companies like PSEG were trying desperately to slow their investments in new power generation. They cancelled the only plants that they had on order – all of them nukes and some of them the very interesting Offshore nuclear plants that Westinghouse was building for them in North Florida. Of course, I hope that the vendors do not bid themselves out of the market. Fossil fuel suppliers are…

…he expansion of a coalition that is opposed to Exelon’s effort to purchase PSEG (Public Service Enterprise Group). The group thinks that Exelon would gain too much market power and be able to increase already above average electrical power rates even more. While at the site, I decided to see what other activities are currently interesting the NJPIRG. On their home page there is a left hand column navigation area with links to a number of their cur…

…sland, near Jacksonville, Florida in 1972. However, the concept died after PSEG lost a lot of business following the Arab Oil Embargo and needed to halt new projects to stem their cash flow drain. (A significant portion of the company’s power output served petroleum refineries that had less raw material to refine for quite a few months.) The notion of putting nuclear plants off-shore has never quite disappeared. A French partnership that includes…

…rsey Star-Ledger has an interesting article on their NJ.com website titled PSEG, Exelon have a reason to keep nuclear plants: Money. Here is the lead paragraph from the article Owning a nuclear power plant these days is sort of like having your own money tree. The plant pumps out cheap power, runs practically all the time, and rakes in big bucks in a time of skyrocketing electricity bills. When was the last time you read something even remotely si…