Ralph Izzo, chairman, president and CEO of PSEG, was awarded the "Utility CEO of the Year" award by the Solar Electric Power Association for his leadership and commitment to increasing renewable energy. Izzo believes climate change is a major issue that will transform the utility industry. PSEG has launched a $105 million loan program to help customers install solar energy systems and advocates for utilities to promote energy conservation and solar power. The Solar Electric Power Association selected winners in five categories for their efforts to expand solar energy as a solution to the growing energy crisis.

1. Investor News NYSE:PEG
For further information, contact:
Kathleen A. Lally, Vice President – Investor Relations Phone: 973-430-6565
Greg McLaughlin, Sr. Investor Relations Analyst Phone: 973-430-6568
Yaeni Kim, Sr. Investor Relations Analyst Phone: 973-430-6596
RALPH IZZO RECOGNIZED BY SOLAR INDUSTRY FOR HIS LEADERSHIP
AND COMMITMENT TO INCREASING RENEWABLE ENERGY
PSEG executive presented with “2008 Solar Business Achievement Award”
(October 16, 2008 – Newark, N.J.) – Ralph Izzo, PSEG chairman, president and CEO, was
honored today for his thought leadership and established business practices that provide a
roadmap for growing the role of solar in the nation’s energy mix. Izzo was presented with the
“Utility CEO of the Year” award by the Solar Electric Power Association (SEPA), at the
organization’s annual meeting in California. Izzo was the only corporate leader to win an
award.
“Mr. Izzo believes climate change is the pre-eminent issue of our time, with the power to
transform the electric utility industry,” said Julia Hamm, SEPA executive director. “Few other
utility executives have taken as prominent a role in speaking out on climate change and
proposing new responses.”
PSEG has been a strong advocate for utilities to play a role in promoting energy conservation
and solar power, because of their relationship with customers and their historical role in
providing universal access to services. PSEG has launched a $105 million loan program to
help its customers install solar energy systems.
Winners of SEPA’s “2008 Solar Business Achievement Awards” were selected in five
categories based upon their efforts to expand solar energy as an essential part of the solution
to the growing global energy crisis. Nominees for the awards included utility CEOs, electric
utilities and solar companies from SEPA’s member companies around the world.
SEPA is the Solar Electric Power Association, a nonprofit organization formed in 1992 which
represents utilities, solar companies, and other organizations interested in investing in
facilitating solutions for the use and integration of solar electric power by utilities, electric
service providers and their customers.
Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company with annual
revenues of more than $12 billion, and three principal subsidiaries: PSEG Power, PSEG Energy
Holdings, and Public Service Electric and Gas Company (PSE&G). PSEG Power, one of the largest
independent power producers in the U.S. has three main subsidiaries: PSEG Fossil, PSEG Nuclear,
and PSEG Energy Resources & Trade. PSEG Energy Holdings has two main unregulated energy-
related businesses: PSEG Global and PSEG Resources. PSE&G, New Jersey’s oldest and largest
regulated gas and electric delivery utility, serves nearly three-quarters of New Jersey’s population.
###