(September 20, 2006 – Newark, N.J.) - PSEG Energy Holdings L.L.C. (Energy Holdings), a subsidiary of Public Service Enterprise Group Incorporated (PSEG), announces that it has called for redemption on October 23, 2006, $300,000,000 of its $507,200,000 outstanding 8.625% Senior Notes due 2008 (CUSIP# 696361LAF8), at the price computed on the third business day preceding such redemption date, as set forth in said Senior Notes.

The redemption agent for the issue is U.S. Bank National Association.

Additionally, Energy Holdings today is paying to PSEG a distribution of $425,000,000.

Public Service Enterprise Group (PSEG) (NYSE:PEG) is a publicly traded diversified energy company with annual revenues of more than $12 billion, and three principal subsidiaries: PSEG Power, one of the largest independent power producers in the U.S.; Public Service Electric and Gas Company (PSE&G), New Jersey’s oldest and largest energy distribution utility company; and, PSEG Energy Holdings, a holding company for other non-regulated energy businesses.