Fitch: PSEG unchanged

Fitch Ratings said ratings are not affected for Public Service Enterprise Group Inc. (PSEG), BBB+ issuer default rating, or PSEG Energy Holdings, LLC, BB+ issuer default rating, by increasing reserves related to the Internal Revenue Service's disallowance of tax benefits associated with certain lease transactions.

PSEG also said that if it is unable to reach a settlement agreement with the IRS, it may decide to pursue litigation as early as 2008, according to the agency.

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