|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||61.45 - 61.63|
|52-week range||61.45 - 61.63|
|Beta (5Y monthly)||0.61|
|PE ratio (TTM)||16.39|
|Earnings date||22 Feb 2023 - 27 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
PSEG (PEG) is set to divest its 25% equity stake in the Ocean Wind 1 offshore project to ??rsted.
OSLO (Reuters) -Denmark's Orsted said on Wednesday it had agreed to buy Public Service Enterprise Group's (PSEG) 25% stake in the 1,100 megawatt wind power project Ocean Wind 1 off the cost of New Jersey, raising its stake to 100%. The first power production from Ocean Wind 1 is scheduled for the end of 2024 and full commissioning is expected in 2025, Orsted said in a statement. PSEG's exit would allow the project to "proceed with an optimised tax structure", the U.S. company said in the statement without elaborating.
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