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$PEG stated that PSEG Power plans to invest $2Bil over the next 3-4 years to add approx. 1800MW of new, efficient combined cycle gas-fired turbine capacity. A new unit at the Sewaren Station in New Jersey will replace old steam capacity and a new 485MW combined cycle unit will be constructed at the Bridgeport Harbor Station site.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.