S&P lifts PSEG to positive

Standard & Poor's said it affirmed the BBB corporate credit rating on Public Service Enterprises Group Inc. (PSEG) and its subsidiaries PSEG Power LLC and Public Service Gas & Electric Co. (PSE&G).

The agency also said it revised the outlook to positive from stable.

The positive outlook reflects the increasing proportion of PSE&G's lower-risk cash flow contribution to the consolidated cash flow profile, S&P said.

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