PSEG Energy to redeem $127.02 million 8.5% senior notes due 2011

By Marisa Wong

Madison, Wis., Oct. 27 - PSEG Energy Holdings LLC said it will redeem its $127,021,000 of outstanding 8.5% senior notes due June 15, 2011 in full on Dec. 3.

The notes will be redeemed at a redemption price equal to the present values of the principal amount and the remaining scheduled interest payments from the redemption date to maturity, discounted on a semiannual basis at the Treasury rate plus 50 basis points.

PSEG Energy is a subsidiary of Public Service Enterprise Group Inc., a Newark, N.J.-based diversified energy company.

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