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$PEG 2Q15 Call: PSE&G recently assigned a share of transmission upgrade work at Artificial Island. PJM’s decision will increase PSE&G’s transmission-related CapEx by $100-130MM over next 4 years. This project will add to PSE&G’s robust pipeline of projects that will drive high single-digit growth in its earnings over 3-year period ending in 2017.
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.