Risk.net

PSE&G closes $600 million credit facility

The new facility will replace two existing PSE&G facilities – a $200 million 364-day facility expiring in June 2004 and a $200 million three-year facility that would have expired in June 2005. The new facility will provide support for PSE&G's commercial paper program and funding needs.

"This new five-year agreement for PSE&G substantially extends the maturities and increases the total capacity of PSEG's liquidity facilities to $2.5 billion, of which approximately $1.7 billion is currently ava