Public Service Enterprise Group Incorporated · NYSE:PEG
Public Service Enterprise — Investor Presentation (July 2013)
12 slides from Public Service Enterprise's investor presentation, Jul 22, 2013
Slide 1: Forward Looking Statement
3 Forward Looking Statement EXHIBIT 99
Slide 2: 2013 Operating Earnings Guidance
9 2013 Operating Earnings Guidance $2.74 $2.44 $2.25 - $2.50 E 2011 Operating Earnings* 2012 Operating Earnings* 2013 Guidance * SEE PAGE A FOR ITEMS EXCLUDED FROM INCOME FROM CONTINUING OPERATIONS/NET INCOME TO RECONCILE TO OPERATING EARNINGS. E = ESTIMATE.
Slide 3: Percent of Operating Earnings Contribution by Subsidiary
Percent of Operating Earnings Contribution by Subsidiary 10 2013 Operating Earnings * *SEE PAGE A FOR ITEMS EXCLUDED FROM INCOME FROM CONTINUING OPERATIONS/NET INCOME TO RECONCILE TO OPERATING EARNINGS; ALL PERIODS REFLECT TEXAS IN DISCONTINUED OPERATIONS. E=ESTIMATE. Investment in the regulated bus
Slide 4: Local NJ towns and counties support Energy Strong
16 54 local NJ towns and 5 counties support • 54 municipalities and five counties (Bergen, Hudson, Mercer, Passaic and Somerset) have approved resolutions in support of Energy Strong, PSE&G’s infrastructure proposal to improve and fortify its electric and gas distribution systems • The Energy Strong
Slide 5: Providing solutions for New Jersey's energy and economic development goals
($ Millions) Approval Date Forecast Amount* Spending Thru 2012 Remaining Spending Total $2,010 $1,843 $167 33 Providing solutions for New Jersey’s energy and economic development goals Renewables Solar Loan I & II April 2008/ November 2009 $243 $209 Solar 4 All July 2009 Energy Efficiency Carbon Aba
Slide 6: PSE&G's capital program will continue to be focused on delivering energy solutions
35 PSE&G’s capital program will continue to be focused on delivering energy solutions to meet New Jersey’s public policy PSE&G’s Capital Expenditures 1,000 1,500 2,000 2,500 2009 2010 2011 2012 2013E 2014E 2015E 2016E 2017E Transmission Hardening Proposed Filings* Approved Solar/Energy Efficiency Tr
Slide 7: 2013-2017 proposed investment plan would grow our current capital plan by up to 50%
36 34% 64% 22% 21% 42% 6% 8% 2013-2017 proposed investment plan would grow our current capital plan by up to 50% 2013-2017E Capital Expenditures * Distribution ES and Transmission Hardening extend 10 years * * DATA AS OF MARCH 31, 2013. E = ESTIMATE 2% Distribution Distribution ES Filing Transmissio
Slide 8: PSE&G's proposed investments would be recovered through contemporaneous recovery mechanisms
37 21% 10% 47% 22% PSE&G’s proposed investments would be recovered through contemporaneous recovery mechanisms DATA AS OF MARCH 31, 2013. E = ESTIMATE 2013 - 2017E Capital Spending by Recovery Method Energy Strong Filing (ES) Solar/Energy Efficiency Clauses FERC Formula Rates Distribution Base Rates
Slide 9: PSE&G is continuing to provide solutions to assist New Jersey in achieving its EMP goals
46 PSE&G is continuing to provide solutions to assist New Jersey in achieving its EMP goals The NJBPU approved the Solar Agreement reached with BPU Staff and certain other parties on May 29 The agreement provides for investment of $446 million over a 3-year period, and a return on equity of 10% Sola
Slide 10: PSE&G's 2013 operating earnings
48 PSE&G’s 2013 operating earnings is benefiting from transmission growth and cost containment initiatives E = ESTIMATE *SEE SLIDE A FOR ITEMS EXCLUDED FROM INCOME FROM CONTINUING OPERATIONS/NET INCOME TO RECONCILE TO OPERATING EARNINGS. $528 2012 2013 Guidance PSE&G Operating Earnings* ($ Millions)
Slide 11: Maintaining 2013 operating earnings guidance
90 Maintaining 2013 operating earnings guidance E = ESTIMATE *SEE SLIDE A FOR ITEMS EXCLUDED FROM INCOME FROM CONTINUING OPERATIONS/NET INCOME TO RECONCILE TO OPERATING EARNINGS.
Slide 12: Slide 12
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