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MarketScreener Homepage  >  Equities  >  Nyse  >  Public Service Enterprise Group    PEG

PUBLIC SERVICE ENTERPRISE GROUP

(PEG)
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Public Service : Thousands of Middle Schoolers Learn Energy Conservation in New Comedy Show Sponsored by PSEG Long Island

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03/27/2019 | 12:15pm EST

(Uniondale, NY - March 27, 2019) - It's not every day the words 'improvisational comedy' and 'energy conservation' are used in the same sentence. During the month of March nearly 12,000 middle school students and their teachers learned how the two terms are connected when they were treated to a new live-action theater performance to complement their classroom learning on energy and electricity.

The PSEG Long Island-sponsored Resource Force toured Long Island and the Rockaways for a limited three-week engagement this month reaching sixth-, seventh- and eighth-grade students in 30 middle schools to educate them about energy waste and energy conservation.

Resource Force is a 40-minute improvisational comedy show on energy and energy conservation presented by the National Theatre for Children (NTC). The live program features two professional actor-educators performing a series of comedy sketches about energy resources and how they relate to the world. Improvising as they take suggestions from students in the audience, the actor-educators create a unique experience with each show and provide knowledge and practical ideas that students can use to make a difference in their homes and communities.

'Over the past two years, we have received excellent feedback regarding the innovative ways that we deliver our energy efficiency messages. We've performed for more than 160,000 students and teachers at 400 elementary schools across Long Island,' said Jorge Jimenez, director of customer experience and utility marketing, PSEG Long Island. 'Resource Force offers similar messaging on saving energy and the environment - through comedy improv, pop culture references and student participation - to appeal to an older middle school audience. The format of the show piques students' interest and gets them laughing as they learn.'

'Live theater is a great way to educate,' says NTC president and founder Ward Eames. 'The show goes beyond reading or other more passive methods of engaging kids. These students are watching a story unfold right before their very eyes, with the two actors playing all sorts of characters. We don't lose the students' attention for a minute, because they get to respond and interact with the show. It really sticks with them.'

In addition to the live performances for students, parents can sign up to receive free energy-efficiency kits that feature electric energy-saving tools and LED lightbulbs. PSEG Long Island sponsors every aspect of the program, making the performances and materials a cost-free supplement to lessons in science, literacy and the arts. It's a win-win-win for students and their schools as the three schools that order the most energy efficiency kits will also win up to $1,000.

Though Resource Force was presented for a limited engagement, the shows will return to the area in the middle of April as part of PSEG Long Island's Earth Week celebrations.

PSEG Long Island is committed to giving back to the people and communities it serves by actively supporting hundreds of local charity events each year through the company's Community Partnership Program. Last year, PSEG Long Island employees logged more than 26,000 service hours volunteering at 1,145 fundraising and community events to support more than 400 organizations. For more information on how PSEG Long Island supports the communities it serves, visit https://www.psegliny.com/inthecommunity/communitypartnership.

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PSEG Long Island
PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract. PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a publicly traded diversified energy company.

Disclaimer

PSEG - Public Service Enterprise Group Inc. published this content on 27 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 March 2019 17:14:03 UTC

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Financials (USD)
Sales 2019 10 385 M
EBIT 2019 2 570 M
Net income 2019 1 744 M
Debt 2019 15 958 M
Yield 2019 3,19%
P/E ratio 2019 17,1x
P/E ratio 2020 17,4x
EV / Sales2019 4,40x
EV / Sales2020 4,39x
Capitalization 29 787 M
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Number of Analysts 19
Average target price 65,47  $
Last Close Price 58,90  $
Spread / Highest target 27,3%
Spread / Average Target 11,2%
Spread / Lowest Target -13,4%
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Ralph Izzo Chairman, President & Chief Executive Officer
Ralph A. LaRossa Chief Operating Officer
Daniel J. Cregg Chief Financial Officer & Executive Vice President
Richard J. Swift Independent Director
William V. Hickey Independent Director
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