Fitch: PSEG unaffected

Fitch Ratings said it views the planned investment of more than $600 million to build a new merchant power plant as modestly negative but it does not affect the credit ratings of PSEG Power LLC (BBB+/stable) and its parent Public Service Enterprise Group Inc. (BBB+/stable).

The investment will increase the company's already elevated capital spending plan and add to its external financing needs over the 2015-2017 horizon.

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