Indicative Annual Dividend Rate Increased 4.9% to $1.72 Per Share

Category:

Tuesday, February 21, 2017 10:11 am EST

Dateline:

Newark
"We are pleased to be able to increase the cash return to our shareholders. Thisrepresents the 13th increase in the common dividend in the past 14 years and the 110thconsecutive year PSEG or its predecessor company will be paying a dividend to theholders of its common stock"

(February 21, 2017 – Newark, NJ) – The Board of Directors of Public Service Enterprise
Group (NYSE:PEG) today declared a quarterly common stock dividend for the first
quarter of 2017 of $0.43 per share payable on March 31,2017 to shareholders of record
on March 10, 2017. This action represents a $0.02 per share, or 4.9%, increase in the
company’s quarterly common stock dividend and brings the indicative annual dividend
rate to $1.72 per share.


“We are pleased to be able to increase the cash return to our shareholders. This
represents the 13th increase in the common dividend in the past 14 years and the 110th
consecutive year PSEG or its predecessor company will be paying a dividend to the
holders of its common stock,” said Ralph Izzo, PSEG chairman, president and chief
executive officer. “This latest increase is supported by our business mix and our strong
balance sheet which are expected to support consistent and sustainable growth in the
dividend.”


All future decisions regarding dividends on the common stock are subject to approval by
the Board of Directors.

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Forward-Looking Statement

The statements contained in this communication 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, are forward-looking statements for purposes of the safe harbor provisions under The
Private Securities Litigation Reform Act of 1995. Although we believe that our expectations are based on
information currently available and on reasonable assumptions, we can give no assurance they will be
achieved. There are a number of risks and uncertainties that could cause actual results to differ materially from
the forward-looking statements made herein. A discussion of some of these risks and uncertainties is contained
in our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K filed with the
Securities and Exchange Commission (SEC), and available on our website: http://www.pseg.com. These
documents address in further detail our business, industry issues and other factors that could cause actual
results to differ materially from those indicated in this communication. In addition, any forward-looking
statements included herein represent our estimates only as of the date hereof and should not be relied upon as
representing our estimates as of any subsequent date. While we may elect to update forward-looking
statements from time to time, we specifically disclaim any obligation to do so, even if our internal estimates
change, unless otherwise required by applicable securities laws.

From time to time, PSEG, PSE&G and PSEG Power release important information via postings on their
corporate website at http://investor.pseg.com. Investors and other interested parties are encouraged to visit the
corporate website to review new postings. The “Email Alerts” link at http://investor.pseg.com may be used to
enroll to receive automatic email alerts and/or Really Simple Syndication (RSS) feeds regarding new postings.

Contact:

Carlotta N. Chan, 973-430-6596
Manager, Investor Relations
Carlotta.Chan@pseg.com
or
Kathleen A. Lally, 973-430-6565
Vice President, Investor Relations
Kathleen.Lally@pseg.com