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Fitch: PSEG Power's Ratings Unaffected by the Power Plant Investment

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CHICAGO--(BUSINESS WIRE)--The PSEG Power LLC (Power; IDR 'BBB+', Outlook Stable) and its parent Public Service Enterprise Group Inc. (PEG; IDR 'BBB+', Outlook Stable) ratings will not be affected by the company's investment of up to $875 million in a merchant power plant in Maryland, according to Fitch Ratings. The Rating Outlook is Stable. Fitch views the credit risk of Power's investment in the Keys Energy Center to be modest. Power purchased the development rights from Genesis Power LLC (not

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