Here's something you don't hear often: a company admitting it has more than 800 job openings and expect to fill 75% of them by the middle of next year. So if you're looking for a new opportunity maybe Public Service Enterprise Group is the place for you. The Newark-based utility is planning for growth as an independent company after its failed
$12.6 billion merger with Exelon last September. The two companies took 19 months to try to reach a deal but state regulators, specifically the New Jersey Board of Public Utilities, and consumer advocates proved to be too strong leading to the eventual pullout by both sides. Exelon said in a filing with the Securities and Exchange Commission in mid-August that it would take a $55 million charge in the third quarter to write off the costs associated with the merger. In a separate filing, PSEG said it has already expensed nearly all its merger-related costs. PSEG president and CEO Ralph Izzo is adding more employees on all levels to the existing 9,500 work force. He also said he expects many of the hires will be minority workers who reflect the company's strong presence in urban areas. "We want to make sure we have diversity," Izzo said in a Star-Ledger article. — Gerald Magpily
See Newark Star-Ledger article
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