PSEG (PEG) Q2 Earnings Miss Estimates, Revenues Rise Y/Y

Under electric sales, residential sales volumes totaled 3,369 million kilowatt-hours, up 20% from the prior-year quarter's figure. Its commercial and industrial sales volumes accounted for 6,377 million kilowatt-hours, registering a year-over-year improvement of 8%. Highlights of the Release The operating income totaled $582 million in the second quarter compared with $794 million in the year-ago period. This indicated a year-over-year decline of 26.7%. Interest expenses amounted to $218 million in the seco ...