Chairman's Message

PSEG has a proud history of improving the quality of life for the communities we serve. For more than a century, our company and employees have been dedicated to providing the energy that is part of the foundation of modern society.

Our role in making life better has many dimensions. It begins with safe, reliable, economic and green energy. In three of the last four years, we were named the nation’s most reliable electric utility. We are in the forefront of our industry’s efforts to be responsible stewards of the environment. We have paid dividends to our shareholders for 102 consecutive years – a record matched by few companies. And we have a precious reputation for integrity we are determined to uphold in everything we do.

While the term “sustainability” may be relatively new, the concept has long been an integral part of the PSEG culture. To us, sustainability means taking a business approach that creates long-term shareholder value by embracing opportunities and managing risks deriving from economic, environmental and social developments.

Today, society faces immense challenges to forge a path of growth that protects the environment, improves energy security and provides good jobs and livelihoods for people. We are well suited to execute projects to help meet these challenges and thus promote a sustainable future not only for ourselves, but the larger society.

To this end, we are focusing on key issues such as climate change, energy infrastructure and workforce development. We have a range of energy efficiency and renewable energy initiatives that create jobs and clean the air. We are also creating jobs through our accelerated infrastructure investments to further improve reliability while providing an economic stimulus. We are working to build the emerging green economy on the basis of universal access, so that its benefits are realized by all people and not only the affluent.

In all our efforts, we are pursuing a common vision of being a recognized leader for People providing Safe, Reliable, Economic and Green energy. We offer this, our first sustainability report, as a means of discussing challenges as well as accomplishments toward realizing our vision.

Sustainability is a journey on which one advances through continuous improvement. We recognize there is much room for improvement on our part, and that our stakeholders are the ultimate judge of our efforts. The best solutions emerge by being open to a diversity of ideas and insights. We welcome the views of everyone who reads this report, and we look forward to continuing the dialogue.

Sincerely,

Ralph Izzo
Chairman of the Board, President and Chief Executive Officer
Public Service Enterprise Group Incorporated