| The Standards do not anticipate every compliance or ethics situation that could arise during the course of an associate's work. In addition, certain business decisions are not cut and dried and may present associates with real dilemmas not clearly addressed in the Standards. Because compliance and high standards of ethical behavior are important to the Company, associates must have access to additional guidance from a knowledgeable person when circumstances require. PSEG will provide associates with the resources necessary to help them understand the Standards, resolve compliance and ethics questions that may not be specifically addressed in the Standards, and report any compliance or ethics concerns.
Managers and supervisors are associates' first source for guidance and the appropriate initial channel for questions or reporting compliance or ethics concerns. Each associate is encouraged to contact his or her manager or supervisor to discuss issues of interpretation or to report concerns with respect to compliance with the law or the Standards. Managers or supervisors should report alleged violations of the law or the Standards to PSEG's Compliance Counsel.
If discussion with a supervisor is impractical or uncomfortable, associates may contact:
Ed Selover,
PSEG Ethics Counselor
Edwin.Selover@pseg.com
mail code: T5A 973-430-6450
Hugh Mahoney,
PSEG Compliance Counsel
Hugh.Mahoney@pseg.com
mail code: T5A 973-430-6405
PSEG associates may also contact the PSEG Integrity Line at 1-800-655-7269. This contact may be made anonymously at the election of the associate.
A waiver of any provision of the Standards will only be made in exceptional circumstances for substantial cause. Requests for waivers must be submitted to Ed Selover, the Ethics Counselor, or Hugh Mahoney, the Compliance Counsel, for review and resolution. All waivers will be reported to the PSEG Compliance Council. In addition, in accordance with legal requirements, any waiver of a provision in the Standards for any Director or Executive Officer will be made by the Board of Directors or a Board Committee and will be disclosed to stockholders.
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