The brokerage firms believe that PEG’s shares currently reflect a balance of risks related to natural gas prices, regulatory risk & execution, nuclear operations and coal prices, with upside related to economic power demand recovery and the need for transmission investment.  While the Company’s power plants should continue to command premium energy and capacity prices and its NJ utility has a stable regulatory environment and an ambitious capital expenditure plan, the firms believe that PEG will likely face a sharp earnings drop in 2011.  The firms believe PEG is fairly priced and expect the shares to trade within a relatively narrow range.