PUBLIC SERVICE ENTERPRISE GROUP INC

PSEG is a public utility holding company incorporated in New Jersey in 1985. The company operates primarily through its two wholly owned subsidiaries: PSE&G and PSEG Power LLC. PSE&G, a New Jersey corporation incorporated in 1924, is a franchised public utility in New Jersey. It provides electric transmission and electric and natural gas distribution services to residential, commercial, and industrial (C&I) customers within its service territory. PSE&G also offers appliance services and repairs and invests in regulated solar generation projects and regulated energy efficiency (EE) programs in New Jersey. PSEG Power, a Delaware limited liability company formed in 1999, generates revenue mainly by selling energy and capacity from its nuclear generation units. It also sells wholesale natural gas through a full-requirements contract with PSE&G and engages in bilateral contracts for energy, gas, and other energy-related contracts. The company's business strategy focuses on growth through regulated investments and leveraging its consistent, reliable carbon-free nuclear generation.