PSEG Global.
PSEG PSEG Public Service Enterprise Group GLOBAL, a U.S. energy company, will sell its 32% stake in RGE RGE Range (surveys) RGE Rochester Gas and Electric RGE Resume Generating Event RGE Real Good Edition , a Brazilian power distributor, to Companhia Paulista de Forca e Luz, a Brazilian power company. PSEG expects to make US$185 million on the sale yet report a $170 million loss due to devaluation devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the balance of payments. of the real.
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