Sustainability/

A Message from our Leaders: 2012 PSEG Sustainability Report

Sustainability is an important part of who we are at PSEG. For 109 years, we have been a company with a strong, continuing commitment to our customers, communities, employees and shareholders. We have never been content to define our business in narrow terms, but rather always with a view to using our energy to make life better in the larger society and world around us. The words “Public Service” in our name demand no less.

As we hope will be apparent as you read our Sustainability Report, we take our responsibilities seriously. Thus, we see sustainability as much more than just a highly relevant concept, but as a fundamental element that we strive to embed into all facets of our business – with each facet reinforcing the others and contributing to the whole. We believe that this integrated approach makes us a stronger company, better equipped to deal with challenges and better positioned for long-term success.

These pages will help “fill in the picture” about our recent sustainability performance. As in past years, many of our sustainability activities are dedicated to helping the state of New Jersey achieve its economic and energy goals in an environmentally responsible way.

Our positive impact is felt in communities throughout the state, where in a typical year we do more than $1 billion of commerce with other local businesses. Our energy contributes to the quality of life everywhere we operate.

A strong sustainability focus has never been more important to our industry and our economy. We believe that the successful energy companies of the future will align their business goals even more closely with societal goals to address a range of pressing needs – for economic growth, good jobs, a healthy environment and thriving communities. In this vein, we are dedicating more than $5 billion over three years in order to modernize critical energy infrastructure, expand access to renewable solar power and promote conservation and energy efficiency. Make no mistake: these are disciplined investments. Sustainability is good business for PSEG and the people we serve.

Our most important resource remains our people and their dedication to making things better. Our employees have risen to many challenges over the past year and have a wonderful tradition of being there for our customers and applying their skills and talents to help their communities in countless ways. With their support, PSEG has been recognized for sustainability leadership. Their dedication will remain fundamental as we strive to continue on a sustainable course for the next 100 years – and beyond.

Sustainability is a journey, not a final destination. PSEG is constantly looking for new ways to mitigate environmental impacts and promote healthier communities. It is an essential component of our vision of being People providing Safe, reliable, Economic and Green energy. We welcome your comments and suggestions, and invite you to engage with us at sustainability@pseg.com.