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Sale Marks Progress in Shifting Business Mix Toward 90% Regulated Utility, Highlights Strong ESG Profile and Clean Energy Infrastructure Strategy SOURCE: Public Service Enterprise Group (PSEG) DESCRIPTION:NEWARK, N.J., February 18, 2022 /3BL Media/ – Public Service Enterprise Goup (PSEG) completed the previously announced sale of PSEG Fossil’s generating assets located in New Jersey and Maryland to a subsidiary of ArcLight Energy Partners Fund VII, L.P., a fund controlled by ArcLight Capital Par
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SOURCE: Public Service Enterprise Group (PSEG) DESCRIPTION:Today, PSEG took another significant step in our evolution as a clean energy infrastructure-focused company, announcing that we agreed to sell our PSEG Fossil generating portfolio to newly formed subsidiaries of ArcLight Energy Partners Fund VII, L.P., a fund controlled by ArcLight Capital Partners LLC, furthering the Strategic Alternatives process launched last year. However, PSEG’s move toward a primarily regulated utility with a more p