Certain of the matters discussed on this website about our and our subsidiaries’ future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences and all other statements that are not purely historical constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management’s beliefs as well as assumptions made by and information currently available to management. When used herein, the words “anticipate,” “intend,” “estimate,” “believe,” “expect,” “plan,” “should,” “hypothetical,” “potential,” “forecast,” “project,” variations of such words and similar expressions are intended to identify forward-looking statements. Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. Other factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in filings we make with the United States Securities and Exchange Commission (SEC) including our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K and available on our website: http://www.pseg.com. These factors include, but are not limited to:

•     fluctuations in wholesale power and natural gas markets, including the potential impacts on the economic viability of our generation units;

•     our ability to obtain adequate fuel supply;

•     any inability to manage our energy obligations with available supply;

•     increases in competition in wholesale energy and capacity markets;

•     changes in technology related to energy generation, distribution and consumption and customer usage patterns;

•     economic downturns;

•     third party credit risk relating to our sale of generation output and purchase of fuel;

•     adverse performance of our decommissioning and defined benefit plan trust fund investments and changes in funding requirements;

•     changes in state and federal legislation and regulations;

•     the impact of pending rate case proceedings;

•     regulatory, financial, environmental, health and safety risks associated with our ownership and operation of nuclear facilities;

•     adverse changes in energy industry laws, policies and regulations, including market structures and transmission planning;

•     changes in federal and state environmental regulations and enforcement;

•     delays in receipt of, or an inability to receive, necessary licenses and permits;

•     adverse outcomes of any legal, regulatory or other proceeding, settlement, investigation or claim applicable to us and/or the energy industry;

•     changes in tax laws and regulations;

•     the impact of our holding company structure on our ability to meet our corporate funding needs, service debt and pay dividends;

•     lack of growth or slower growth in the number of customers or changes in customer demand;

•     any inability of Power to meet its commitments under forward sale obligations;

•     reliance on transmission facilities that we do not own or control and the impact on our ability to maintain adequate transmission capacity;

•     any inability to successfully develop or construct generation, transmission and distribution projects;

•     any equipment failures, accidents, severe weather events or other incidents that impact our ability to provide safe and reliable service to our customers;

•     our inability to exercise control over the operations of generation facilities in which we do not  maintain a controlling interest;

•     any inability to maintain sufficient liquidity;

•     any inability to realize anticipated tax benefits or retain tax credits;

•     challenges associated with recruitment and/or retention of key executives and a qualified workforce;

•     the impact of our covenants in our debt instruments on our operations; and

•     the impact of acts of terrorism, cybersecurity attacks or intrusions.

All of the forward-looking statements made on this website are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made on this website apply only as of the date specified on a particular presentation, news release or update. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.

The forward-looking statements contained on this website are intended to qualify for the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.