Even though New Jersey’s Public Service Enterprise Group Inc.’s $17 billion deal with Exelon Corp. was scuttled last week in reaction to regulatory burdens that would have been imposed, PSEG’s chief executive E. James Ferland said he believes the company will get “reasonable treatment” from New Jersey officials.
Nevertheless, Ferland held out the prospect of selling the company’s regulated utility Public Service Electric and Gas Co. sometime down the road, in order to focus on businesses with fewer bureaucratic tangles, such as energy transmission.
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