what does this mean to me ?? i have 1,933 shares
Public Service Enterprise Unit To De-Register Shares
01/28 2:05 am (ON)
Story 0607 (PEG)
DOW JONES NEWSWIRES
Public Service Enterprise Group Inc. (PEG) said its PSEG Energy Holdings unit has notified the Securities and Exchange Commission that it plans to de-register its shares and suspend the filing of certain financial statements, effective immediately.
The Newark, N.J., energy holding company said Monday the change, which PSEG Energy filed Monday with the SEC, will streamline the company's financial reporting and enable it to avoid additional expenses.
The Energy Holdings unit has fewer than 300 holders for any class of its securities, meaning that Public Service Enterprise is allowed to suspend its reporting requirements under SEC rules, the company said.
Public Service Enterprise shares were recently trading up $1.04, or 1.1%, at $91.91.
-Monica M. Clark; 201 -938 -5400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
01 -28 -08 1405ET
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