secwatch.observer — SEC 8-K summary
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Issuer:     PUBLIC SERVICE ENTERPRISE GROUP INC (PEG)
CIK:        0000788784
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0001193125-23-009877
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PSEG to sell its 25% equity interest in Ocean Wind 1 to Ørsted; close expected H1 2023
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- PSEG sells its 25% equity stake in the 1,100 MW Ocean Wind 1 offshore wind project to Ørsted.
- PSEG will continue to support onshore infrastructure construction for the project.
- Transaction expected to close in first half of 2023; initial power delivery end of 2024.
- No financial terms disclosed; PSEG cites optimized tax structure as reason for sale.
- PSEG remains committed to New Jersey offshore wind through transmission and other investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788784/000119312523009877/0001193125-23-009877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788784/000119312523009877/d445261d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-009877

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