PSEG net surges to Q2 record $311 million due to ‘08 charge; operating net up only 1.6%

摘要

Public Service Enterprise Group returned to profitability withnrecord second-quarter net income of $311 million, up from an$150 million net loss. The last record was $275 million, in 2007.nMost of the improvement reflected the $490 million 2008ncharge at PSEG Energy Holdings, on the estimated cost of losingna dispute with the Internal Revenue Service on tax deductionsntaken on investments in leveraged leases of overseas powernplants (EUW, 11 Aug ‘08, 27).