Investorfactsheet                                                     2008

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Investorfactsheet                                                                                         2008

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Investorfactsheet                                                                                         2008

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Dividendfactsheet                                                                         2008

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public serviceenterprise group investor_factsheet08

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public serviceenterprise group investor_factsheet08

  1. 1. Investorfactsheet 2008 NYSE: PEG Company Profile Public Service Enterprise Group (PSEG) is one of the ten largest electric companies in the U.S., with three principal subsidiaries. PSEG Power is a major supplier of electric energy in the constrained Northeast and Mid-Atlantic markets; PSE&G is a regulated public utility company engaged in the transmission and distribution of electricity and gas in New Jersey; PSEG Energy Holdings through its Global subsidiary is focused on operating segments in the electric industry as its Resources subsidiary is focused on financial investments in the energy industry, while managing potential tax risk associated with its lease portfolio. PSEG is well situated to benefit from a convergence of market forces that require investing in critical infrastructure as policy makers focus on reducing the impact of demand on the environment. Right Assets... Right Markets... At the Right Time... Investment Highlights Strengthened balance Large, diverse PSEG Power operates in Value of capacity     sheet supports capital low-cost, base-load tightly constrained and being recognized in investments and load-following growing markets constrained areas generating fleet Return of cash to PSEG Power’s nuclear Moves to control carbon    shareholders through Reliable electric and and coal base load benefit our nuclear  divided and share gas distribution and capacity operate in based fleet repurchase program transmission systems markets with price set Brownfield development  provides discipline to by gas Portfolio of investments opportunities at  investment process in domestic and T&D assets provide existing sites  Earnings growth and yield International electric service in a modest  T&D set to benefit from  provide opportunity for assets and leases growth market with new investment double digit shareholder reasonable regulation returns of 10 - 13% Financial Highlights Year Ended December 31, 2007 2006 2005 ($millions) Operating Revenues 12,853 11,762 11,849 Assets (as of 12/31/07): $28.4B Market Capitalization (as of 8/15/08): $19.9B Operating Earnings 1,377 872 869 Net Income 1,335 739 661 Per Share (Diluted) Traditional Transmission & Delivery EPS from Operating Earnings 2.71 1.73 1.78 EPS as Reported 2.62 1.46 1.35 Electric Customers: 2.1M Dividend Paid Per Share Gas Customers: 1.17 1.14 1.12 1.7M Book Value per share 14.35 13.35 11.99 Shares Outstanding (millions) 509 505 489 Wholesale Energy Ratios (%) Power LLC Debt to Capital 56.3 61.2 64.1 Return on Equity 19.0 11.9 15.1 Return on Invested Capital 9.7 6.5 6.9 Earnings Contribution (%)* PSEG Power 69 59 51 PSE&G 27 30 41 PSEG Energy Holdings 8 18 17 Domestic/International Energy Stock Performance - Price High 49.88 36.31 34.24 Low 32.16 29.50 24.66 Year-End 49.12 33.19 32.49 Leveraged Leases Operating Earnings PSEG Power 949 515 446 PSE&G 376 262 347 PSEG Energy Holdings 115 161 196 *Does not reflect parent company losses. Public Service Enterprise Group (PSEG) 80 Park Plaza See operating earnings to GAAP reconciliation for Investor Fact Sheet under Newark, NJ 07102 the Investor tab at www.pseg.com 973.430.7000 TO ORDER COPIES OF THIS FACT SHEET, CALL 1.800.458.2700 www.pseg.com
  2. 2. Investorfactsheet 2008 NYSE: PEG PSEG Power LLC is a major electric generation company with 13,300 MW of base-load, intermediate and load following capability operating in attractive markets in the Northeast with operating control of additional 2,000 MW of capacity in Texas.. PSEG Power’s assets are located in attractive markets with expansion capability. Power LLC Fuel Diversity 2007 Energy Produced 2007 19% 1% 8% Bethlehem 26% System Energy Center Interface 54% 1% 25% 47% Albany 18% 1% New Haven Bridgeport Total MW: 13,300 Total GWh: 53,200 Keystone Hudson Bergen Conemaugh Kearny  Nuclear Mercer  Gas Essex Peach Bottom  Pumped Storage  Oil Linden  Coal Sewaren Hope Creek Edison Salem Burlington National Park Power’s assets along the dispatch curve position the company to serve full requirement load contracts. Power LLC  Nuclear Dispatch Cost ($/MWh) National Park  Sewaren 6 Coal Mercer 3  Combined Cycle Kearny 10-11  Steam Burlington 8-9-11  GT Peaking Edison 1-2-3 Essex 10-11-12 New Linden 5-8 / Essex 9 Haven Burlington 12 / Kearny 12 Bergen 1 Sewaren 1-4 Linden 1-2 Hudson 1 Yards BEC Creek Peach Keystone Bridgeport Bergen 2 Hope Bottom Salem Creek Mercer 1-2 Conemaugh Hudson 2 Baseload units Load Following units Peaking units Energy Revenue X X X Capacity Revenue X X X Ancillary Revenue — X X Duel Fuel — X X Nuclear CF 90% to 92% — — Coal CF 85% to 90% 50% to 70% — Combined Cycle CF — 30% to 50% — Peaking CF — — 2% to 10% Public Service Enterprise Group (PSEG) This document contains forward-looking information. Actual results may differ from those anticipated. Information describing the significant factors that 80 Park Plaza could cause results to differ from those anticipated are described in Public Service Enterprise Group’s filings with the SEC, which are available on our Newark, NJ 07102 website www.pseg.com 973.430.7000 www.pseg.com
  3. 3. Investorfactsheet 2008 NYSE: PEG PSE&G is a stable electric and gas distribution and transmission company rated top quartile for reliability providing service in a mature service territory in New Jersey. Electric and Gas Distribution Statistics December 31, 2007 Electric Gas Customers 2.1 million 1.7 million NJ is ranked 2rd nationally in  Electric Sales, Gas Sold and Transported 44,709 GWH 3,502 M Therms personal income per capita Historical Annual Load Growth 2003-2007 1.6% (0.2%) Mid-Atlantic ReliabilityOne  Projected Annual Load Growth 2008-2012 1.0% 0.4% Award winner six years running Solid regulatory relationships  Transmission Statistics on traditional utility matters December 31, 2007  Gas Territory Network Circuit Miles 1,429 Billing Peak (MW) 10,378*  Electric Territory Historical Annual Load Growth 2003-2007 1.3%  Combined Electric & Projected Annual Load Growth 2008-2012 1.4% Gas Territories Recognized as America’s Most Reliable Electric Utility 2007 Actual 2012 Base Plan Rate Base = $6.4B Rate Base = $10.2B 12% 22%  Gas Distribution 30% 34%  Electric Distribution 54%  Electric Transmission 48% iPower, PSE&G’s T&D Expansion Opportunities PSE&G EMP Strategies new Customer System Renewables/Emissions Strategies PJM backbone transmission and Leveraging State of the Art   RTEP projects Technology – SAP CCS Solar initiative  Sub-transmission to Transmission Enabling GPS technology to   reliability upgrades improve dispatching Demand-Side Strategies Distribution System Reinforcements Creating new opportunities through   Advanced Metering Infrastructure  web-based empowerment Carbon Abatement  Moving to a platform with full  PSE&G Facility and System Efficiency AMI capability  Addressing customer operational  and financial measures that are not achieving strategy This document contains forward-looking information. Actual results may differ from those anticipated. Information describing the significant factors that Public Service Enterprise Group (PSEG) could cause results to differ from those anticipated are described in Public Service Enterprise Group’s filings with the SEC, which are available on our 80 Park Plaza website www.pseg.com Newark, NJ 07102 973.430.7000 www.pseg.com
  4. 4. Dividendfactsheet 2008 NYSE: PEG PSEG Dividends – A New Century PSEG is continuing its remarkable record of paying common dividends. The year 2008 represents the 101st year PSEG or its predecessor company will be paying dividends to the holders of its common stock. PSEG has paid dividends each year since 1907 – a record only matched by General Electric and Exxon Mobil. The board of directors of PSEG declared a 10% increase in the quarterly common dividend on January 15, 2008 as it also announced a 2-for-1 stock split. On a post-split basis, the quarterly dividend was raised to 32.25 cents per share from 29.25 cents per share. The new annual common dividend rate is $1.29 per share on a post-split basis. This is the fifth consecutive year that PSEG has raised its common dividend. This latest increase by the board resets the dividend to a payout of earnings in the middle of a range (40-50%) which provides flexibility for growth and investment given PSEG’s mix of earnings and assets. The largest contributor to PSEG’s earnings is PSEG Power, a com- petitive power generation company, followed by PSE&G, a regulated electric and gas transmission and distribution company, and, to a lesser extent PSEG Energy Holdings. The resetting of the dividend provides PSEG with flexibility for dividend growth and new investment. (All future changes in the common dividend are subject to board approval.) PSEG Annual Dividend Rate* $1.40 5-year rate of growth: 4.1% 10-year rate of growth: 2% $1.29 $1.20 $1.17 $1.14 $1.12 $1.10 $1.08 $1.08 $1.08 $1.08 $1.08 $1.00 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008E Payout 69% 59% 59% 111% 62% 70% 63% 66% 43% 44%** Ratio 5.9% 5.7% 4.9% 6.4% 5.6% 4.8% 3.8% 3.5% 2.8% 3.3%** Yield *Annual dividend rate reflects 2:1 stock split effective on February 4, 2008. **2008 yield calculation based on PEG stock price as of March 30, 2008 (adjusted for stock split); payout ratio based on mid-point of 2007 and 2008 earnings guidance. Payout ratio = percent of income paid to shareholders as common dividends; Yield = annual dividend as a percent of the average stock price of the year. Public Service Enterprise Group (PSEG) 80 Park Plaza Newark, NJ 07102 973.430.7000 www.pseg.com

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