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  • 3/6/17
    (New York, NY – March 6, 2017) (NYSE – PEG) – Public Service Enterprise Group (PSEG) today said that it plans to invest approximately $15 billion over the next five years upgrading its energy infrastructure. PSEG reaffirmed its 2017 earnings guidance of $2.80 to $3.00 per share. Speaking at the company’s Annual Investor Conference in New York, Ralph Izzo, PSEG chairman, president and CEO, told the financial community that the company’s strategy and strength of its financial positionmore...
  • 2/24/17
    February 24, 2017 – Newark, NJ – Public Service Enterprise Group (PSEG) reported 2016 Net Income of $887 million, or $1.75 per share as compared to Net Income of $1,679 million, or $3.30 per share for 2015. Non-GAAP Operating Earnings for the year 2016 were $1,475 million or $2.90 per share compared to 2015 non-GAAP Operating Earnings of $1,476 million or $2.91 per share. Net Income for 2016 was largely impacted by expenses associated with the early retirement of coal-gas units at themore...
  • 2/21/17
    (February 21, 2017 – Newark, NJ) – The Board of Directors of Public Service EnterpriseGroup (NYSE:PEG) today declared a quarterly common stock dividend for the firstquarter of 2017 of $0.43 per share payable on March 31,2017 to shareholders of recordon March 10, 2017. This action represents a $0.02 per share, or 4.9%, increase in thecompany’s quarterly common stock dividend and brings the indicative annual dividendrate to $1.72 per share.“We are pleased to be able to increase the cash returnmore...
  • 1/23/17
    (January 23, 2017 – Newark, NJ) – PSEG Solar Source today announced it has acquired two North Carolina solar facilities from BayWa r.e., with a total capacity of 47 MWs-dc, representing a total investment of $74.6 million. The PSEG Cork Oak Solar Energy Center and the PSEG Sunflower Solar Energy Center are under construction and scheduled to begin operation later this year. The two facilities  have a 10-year power purchase agreement with Virginia Electric and Power Co. and aremore...
  • 1/4/17
    Ralph Izzo, President and Chief Executive Officer, and Dan Cregg, Executive Vice President and Chief Financial Officer of PSEG, will meet with investors at the Evercore ISI Utility CEO One-on-One Conference in Florida on January 12 and 13, 2017.  The meeting material can be accessed through PSEG’s web site at http://www.pseg.com/investor, under webcast, presentations, and meeting material.#### From time to time, PSEG, PSE&G and PSEG Power release important information viamore...
  • 12/28/16
    (Newark – Dec 28, 2016) – PSEG today announced that Bill Levis has informed the company of his intention to retire as president and COO of PSEG Power effective in the third quarter of 2017.  He is also a member of PSEG’s Executive Officer Group (EOG). “Bill’s leadership at Power occurred during a time when the industry faced tremendous challenges.  I have greatly valued his counsel during these past 10 years,” said Ralph Izzo, chairman, president and CEO, PSEG. “I, along withmore...
  • 12/21/16
    (Newark, N.J. – Dec. 21, 2016) Public Service Electric and Gas Company (PSE&G), New Jersey’s largest utility, announced today that it will provide bill credits this winter that will lower monthly bills by about 9 percent during January and February for a typical residential gas heating customer. Those customers will see a total bill credit of approximately $25 this winter. The bill credits are in addition to a 3 percent annual bill decrease that took effect Oct. 1 that is saving themore...