PSE&G 2007 Annual Report Download

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Energize
ANNUAL REPORT 2007

Table of contents

  • Page 1
    ANNUAL REPORT 2007 Energize

  • Page 2
    PSEG Overview Public Service Enterprise Group (PSEG), a diversified energy holding company with over $28 billion in assets, is one of the nation's leading wholesale energy producers and most reliable electric and gas transmission and delivery utilities. Contents 2 Letter from the Chairman, ...

  • Page 3
    ...materially different. Historical results are not necessarily indicative of future earnings. For more information, please refer to PSEG reports that are filed periodically with the Securities and Exchange Commission. Dollars in millions, where applicable 2007 2006 % Change Total Revenues Income...

  • Page 4
    ... Operational excellence is the foundation for our success. In 2007, our businesses operated at historically high levels of performance, enabling us to continue PSEG's proud history of providing safe and reliable energy for our customers and solid returns for our shareholders. We added new members...

  • Page 5
    ... Jersey, Pennsylvania, Connecticut and New York State. Power has an exceptionally well-positioned set of assets in the markets where it competes. It has been driving our earnings growth. Power's nuclear and fossil operations have improved dramatically in recent years. Our nuclear PSEG Annual Report...

  • Page 6
    ...2006 2007 PSEG's total return for the last 10 years has outpaced two major market indices. This chart shows the value at each year's end of $100 invested at year end 1996. The value assumes reinvested dividends. PSE&G PSE&G, our New Jersey electric and gas delivery company, continued to excel as...

  • Page 7
    ... unveiled new carbon-abatement programs designed to help our customers save energy, lower their bills and, in the process, reduce greenhouse gas emissions. This effort would begin with a $5 million investment in measures such as home energy audits, programmable thermostats, attic insulation and high...

  • Page 8
    ... reliability. In addition, we are updating our entire customer interface. The new customer information system, called iPower, uses advanced technology to meet our customers' needs. It is a cornerstone of our long-term efforts to keep improving service quality. Grow PSEG Annual Report 2007 | Page 6

  • Page 9
    ... hand at the new PSE&G Children's Specialized Hospital in New Brunswick, New Jersey. It was a joyous occasion when this state-of-the-art facility opened in December 2007, having been built with the help of the largest single charitable contribution in our company's history. Public Service is part of...

  • Page 10
    PSEG Annual Report 2007 | Page 8

  • Page 11
    ... stake in this battle. We all do. And government has a key role, too. That's why we are making our voices heard by aggressively supporting public policy in New Jersey and the nation to achieve meaningful reductions in greenhouse gases. We are calling for action now. PSEG Annual Report 2007 | Page 9

  • Page 12
    PSEG supports renewable energy such as solar, wind and biomass to address climate change. PSEG Annual Report 2007 | Page 10

  • Page 13
    ... solution. We are working to empower our customers with new opportunities for energy savings and with the up-to-date, practical information they need about ways to use energy more wisely and save dollars, too. In the 20th century, companies like PSEG played a key role in providing universal access...

  • Page 14
    PSEG Annual Report 2007 | Page 12

  • Page 15
    ... upgrades and new technology, to get the job done smarter and better. And we are looking to invest in new ways that enable customers to save more energy and thus help reduce greenhouse gas emissions - something vitally important for a sustainable future. PSEG Annual Report 2007 | Page 13

  • Page 16
    PSEG is strongly committed to helping customers find Save additional ways and money. to save energy - PSEG Annual Report 2007 | Page 14

  • Page 17
    ...the role that everyone can play in helping to slow climate change. We are supporting educational events such as the PSEG Global Green Expo, to be held in April 2008. This three-day event in Jersey City will provide a wealth of information about ways that individuals, families and businesses can make...

  • Page 18
    PSEG Annual Report 2007 | Page 16

  • Page 19
    ...ï¬,ows from a simple fact: It takes highly skilled, trained and motivated people to achieve operational excellence. There can't be any shortcuts in a business like ours - not with the hazards of working with electricity and gas. Great care must be taken at all times to do the job safely and well. It...

  • Page 20
    PSEG's goal is to prepare the future workforce for new, green-collar jobs...and rewarding careers. PSEG Annual Report 2007 | Page 18

  • Page 21
    ...offers a new, exciting prospect for the people of PSEG: to power a green economy. It's a role you might say is a natural for us as a company whose energy ï¬,ows from outstanding people. 161 Students have enrolled through 2007 in our Energy Utility Technology Degree Program. PSEG Annual Report 2007...

  • Page 22
    PSEG Annual Report 2007 | Page 20

  • Page 23
    ... PSEG Foundation - $5 million - illustrates our commitment to positive local change. This donation spearheaded a successful capital campaign to build the new PSE&G Children's Specialized Hospital in New Brunswick, New Jersey. In December 2007, the new hospital opened to complete a state-of-the-art...

  • Page 24
    PSEG has been giving back to the communities we serve for more than 100 years. Give PSEG Annual Report 2007 | Page 22

  • Page 25
    This program establishes an endowment to fund scholarships for young men and women of exceptional educational ability. Promoting environmental education has taken on new urgency because of climate change. In 2007, PSEG pledged to support an exhibit on global warming at the New Jersey State Museum. ...

  • Page 26
    ... June 1996. Director of New York Life Insurance Company. William V. Hickey has been a director since October 2001. Age 63. Member of Audit Committee, Fossil Generation Operations Oversight Committee, Nuclear Generation Operations Oversight Committee and Organization and Compensation Committee. Has...

  • Page 27
    ... the New York Stock Exchange the most recent Annual CEO Certification as required by Section 303A.12(a) of the New York Stock Exchange Listed Company Manual. Transfer Agents The transfer agent for the common and preferred stocks is: The Bank of New York 101 Barclay Street, 11E New York, NY 10286...

  • Page 28
    Public Service Enterprise Group Incorporated 80 Park Plaza Newark, NJ 07102 973.430.7000 www.PSEG.com