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Wednesday, 09/19/2007 10:35:32 AM

Wednesday, September 19, 2007 10:35:32 AM

Post# of 9940
PSEG 1.84 +5.14%, looks like we took down that 1.75 and ready to march to next level. Also there is so many PSEG's out there i think, i wonder if this below relates to us at all, It says PSEG energy Holdings, prolly not same as Petro SOuth energy i assume??

"Public Service subsidiary, PSEG Global, explores sale of two electric distribution companies (PEG) 85.10 : PSEG Global, a subsidiary of P.S.E.G Energy Holdings and an indirect subsidiary of PEG, announces it is exploring a potential sale of its 50% ownership of Chilquinta Energia, an electric distribution company in Chile, and its 38% ownership of Luz del Sur S.A.A., an electric distribution company in Peru. "The sale of these interests would increase our ability to pursue growth opportunities in our core U.S. markets or to consider share repurchases," said Thomas O'Flynn, president, P.S.E.G Energy Holdings and executive vice president and CFO, PEG. The transaction, if it moves forward, may be modestly dilutive to earnings largely due to taxes that will be incurred on the sale. Such dilution would not affect PEG's ability to meet its operating earnings guidance for 2007 of $4.90 - $5.30 per share with growth of 15% in 2008 to $5.60 - $6.10 per share"

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