PSE&G 2007 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 2007 PSE&G annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 28

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28

PSEG Annual Report 2007 | Page 6
signifi cantly improve the long-term reliability of the electric system that serves our
New Jersey customers. While reliability is driving the need to build these lines, we
also expect they will eventually ease congestion and thereby lower electric prices
for our customers. The lines, which will be built over the next fi ve to eight years
with an investment by PSE&G of about $1.6 billion, are essential to New Jersey’s
energy future.
There is an equally compelling need for other infrastructure upgrades to ensure our
customers will continue to have the quality of service they have come to expect.
Many older pipes and wires must be replaced to ensure 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
“Public Service is part of
our formal name, but
it is something more:
It refl ects who we are
and what our many
constituents have come
to expect from us.”
$2.00
$1.00
$0.00
$3.00
$4.00
57% Growth
$1.73*
$2.80–3.05*
$2.71* 8% Growth
2006 Operating
Earnings**
2008 Guidance2007 Operating
Earnings**
PSEG Operating Earnings per Share
* Amounts reflect 2:1 stock split effective February 4, 2008.
** See 2007 Financial Highlights on page one for GAAP reconciliation.