M&A
confidence high
sentiment neutral
materiality 0.60
PSEG completes sale of 25% stake in Ocean Wind 1 offshore wind project to Ørsted N.A.
PUBLIC SERVICE ENTERPRISE GROUP INC
- Ørsted N.A. reimbursed PSEG for all cumulative outlays in the 1,100-MW Ocean Wind 1 project.
- Ørsted N.A. now owns 100% of New Jersey's first offshore wind farm.
- PSEG entered a limited Transition Services Agreement for construction management and permitting services.