PSEG Power, the company's wholesale energy supply business, generates output from nuclear, gas, coal and oil. That fuel diversity is important, Izzo said, pointing out that the company was able to adapt to low gas prices by running its combined cycle plants more than its coal plants.
PSEG's focus on disciplined investment and a strong balance sheet has supported a long history of paying a common dividend and enabled the recent 2 cent increase in the dividend to
Also during 2012, PSEG brought online 400 megawatts of new, clean peaking capacity in
facility was recognized as one of the top-performing nuclear plants in the country and PSE&G was recognized for the fifth time in eight years as America's most reliable electric utility.
To read Izzo's speech in its entirety, please click here or visit PSEG's "Newsroom" at
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. These documents address in further detail our business, industry issues and other factors that could cause actual results to differ materially from those indicated in this communication. In addition, any forward-looking statements included herein represent our estimates only as of the date hereof and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even if our internal estimates change, unless otherwise required by applicable securities laws.
Public Service Enterprise Group (NYSE:PEG) is a publicly traded diversified energy company with annual revenues of $9.8 billion, and three principal subsidiaries: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Energy Holdings. For more information, visit
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SOURCE Public Service Enterprise Group (PSEG)