(February 26, 2007 – Newark, N.J.) - Public Service Enterprise Group (PSEG) today announced the election of five new vice presidents in four of its subsidiaries; PSEG Services Corporation, PSEG Power, PSEG Nuclear and PSEG Energy Resources & Trade.

The new senior leaders and their areas of responsibility are:

-David J. Frank, vice president-supply chain management, PSEG Services Corporation, effective March 5.  He will report to Elbert C. Simpson, president and chief operating officer of PSEG Services Corporation.

-J. Brian Smith, vice president-communications and advertising, PSEG Services Corporation, effective February 26. He will report to R. Edwin Selover, PSEG’s executive vice president and general counsel. 

-Frank C. Ameo, vice president-engineering and operations support, PSEG Power, effective February 26.  He will report to Frank Cassidy, president of PSEG Power.

-Robert C. Braun, vice president-operations support, PSEG Nuclear, effective March 5.  He will report to William Levis, president of PSEG Nuclear and chief nuclear officer.

-Raymond V. DePillo, vice president-power operations and trading, PSEG Energy Resources & Trade, effective February 26.  He will report to Kevin J. Quinn, president of PSEG Energy Resources & Trade.

Ralph Izzo, president and chief operating officer of PSEG, said the new vice presidents will join about two dozen other executives newly named during the last two months who are charged with “leading the company to the forefront of the electric and gas generation and delivery business.”

Izzo added:  “Our new leadership team’s mandate is to focus on operational excellence as the means to improve PSEG’s financial strength and effectively pursue a long-term strategy that will benefit employees, shareholders, customers and the communities we serve.”

The appointments today are part of an ongoing restaffing effort that PSEG initiated following the termination of merger plans with Exelon last September.   “The vice presidents being announced today have exceptional backgrounds and reflect our objective of rewarding good internal performers and injecting new talent from outside the company,” said Izzo, who will become chairman and chief executive officer of PSEG on April 1, following the retirement of E. James Ferland.

Frank has been vice president and chief supply officer for Entergy Corporation since April 2006.  Previously, he worked at Exelon Corporation for 14 years, serving most recently as executive director of strategic supply from 2003 to 2006 when he joined Entergy.  He is a graduate of Rutgers University and holds a Master of Business Administration degree from Widener University in Pennsylvania.

Smith has been with PSEG for 30 years.  A former newspaper reporter and editor, he has served as director-investor relations and director-corporate communications.  He is also an adjunct professor in communications at Ramapo College of New Jersey.   He is a graduate of Seton Hall University and holds a master’s degree in media studies from the New School for Social Research in New York.

Ameo has been with PSEG since 1980.  He has held a variety of posts with increasing responsibilities within the company’s fossil generation business.  Since 2002, he has been director of PSEG Fossil’s service company.  He has a bachelor’s degree in industrial engineering and a Master of Business Administration degree, both from Fairleigh Dickinson University.

Braun has been site vice president of Exelon Corporation’s Peach Bottom Atomic Power Station in Pennsylvania since 2004.   Before that he was vice president-nuclear oversight at Exelon’s nuclear group headquarters, and previously served as plant manager of the company’s Limerick Generating Station - a two-unit nuclear facility also in Pennsylvania, where he began his career in 1982.   He is a graduate of Villanova University.  At PSEG Nuclear, his new organization will house many of the corporate support functions currently performed by Exelon under a nuclear operating services agreement.  This move is part of PSEG Nuclear’s previously announced plans to transition to an independent operation.

DePillo has been with PSEG since 1992.   He has served as managing director-energy trading since 2005.  Previously, he held various management positions, becoming an energy trader in 1997.   He is a graduate of Villanova University and has a Master of Business Administration degree from the Rutgers Graduate School of Management.

Corporate Profile
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, PSEG Energy Holdings, and Public Service Electric and Gas Company (PSE&G). PSEG Power, one of the largest independent power producers in the U.S. has three main subsidiaries:  PSEG Fossil LLC, PSEG Nuclear LLC, and PSEG Energy Resources & Trade LLC.  PSEG Energy Holdings, with assets in excess of $6 billion, has two main unregulated energy-related businesses:  PSEG Global and PSEG Resources. PSE&G, New Jersey’s oldest and largest regulated gas and electric delivery utility, serves nearly three-quarters of the state’s population and the winner of the ReliabilityOne National Achievement Award for superior electric system reliability in 2005 and 2006. PSEG Services Corporation provides corporate support to the operating businesses.