Atlanta, GA (July 24, 2012) PSEG continues to expand their use of the PowerPlan Asset Management Suite by leveraging the PowerTax Provision Solution. PowerTax Provision provides the monthly computations, entries, and support for all current and deferred income tax entries, including deferred taxes associated with OCI, NOLs, and credit carry-forwards. The module determines monthly tax liability across multiple companies, consolidated business segments, and tax jurisdictions. The system allows for lower accounting risk, increased productivity and lower cost of ownership.
Public Service Enterprise Group Incorporated operates as a wholesale energy supply company that integrates its generating asset operations through its wholesale energy, fuel supply, energy trading, and marketing and risk management activities. It operates nuclear, coal, gas, and oil-fired generation facilities. The company is also involved in the transmission of electricity and distribution of electricity and natural gas to residential, commercial, and industrial customers, as well as invested in the development of solar generation projects and energy efficiency programs. In addition, it owns and operates domestic projects engaged in the generation of energy; and offers appliance services and repairs to customers. As of December 31, 2010, it owned approximately 13,538 megawatts of generation capacity. The company also owned and operated approximately 17,608 miles of gas mains, 12 gas distribution headquarters, and 2 subheadquarters, as well as 62 natural gas metering and regulating stations. Public Service Enterprise Group was founded in 1985 and is based in Newark, New Jersey.
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