U.S. utility Public Service Enterprise (PEG.N) on Tuesday beat second-quarter profit estimates, helped by strength at its electric and gas unit while higher interest costs weighed on its power-generation business.
Earnings at utility unit Public Service Electric and Gas (PSE&G) rose to $342 million in the quarter from $332 million a year earlier, while PSEG Power and other businesses swung to an $8 million loss from a profit of $253 million.
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