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PSEG CEO Cites "So Thin" Retail Margins

During an earnings call yesterday, in discussing PSEG's decision to wind down its retail business, which had been first exclusively reported by EnergyChoiceMatters.com earlier this month , Public Service Enterprise Group CEO Ralph Izzo described retail margins as, "so thin."

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Direct Energy Business To Acquire Retail Supplier

Direct Energy Business, a subsidiary of Centrica plc, announced today an agreement to purchase the retail electricity business of Source Power & Gas LLC, a wholly owned indirect U.S. subsidiary of Australian power company ERM Power Limited

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Updated: PSEG Confirms Wind Down Of Retail Supply Business

In reporting 3rd quarter earnings, Public Service Enterprise Group made the additional statement concerning the wind down of its retail business which had been first exclusively reported by EnergyChoiceMatters.com: "[PSEG] Power recently decided to exit the retail electric marketing business, having…

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PSE&G Lowering Default Service Rates

Public Service Electric and Gas Co. (PSE&G) is lowering its default service natural gas rate, as the New Jersey BPU approved, on a provisional basis, PSE&G’s June gas supply filing

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New Jersey Retail Energy News (Page 12) | EnergyChoiceMatters.com