Public Service Enterprise — Merger or Acquisition (March 2005)

5 slides from Public Service Enterprise's merger presentation, Mar 4, 2005

Slide 1: PSEG/Exelon Merger
PSEG/Exelon Merger
Slide 2: Anticipated Timeline - Update
Announce Transaction 12/20/04 FERC, NJBPU, ICC Regulatory Filings 2/4/05 File Joint Proxy Statement 2/10/05 Exelon & PSEG Shareholder Meetings Receive Regulatory Approvals Work to Secure Regulatory Approvals (FERC, SEC, NRC, DOJ or FTC, NJBPU, NJDEP*, PAPUC, ICC*, NYPSC) 1/17/05 Close Transaction Im
Slide 3: Combined Generation Assets
Combined Generation Assets 6,075 12,305 23,993 TOTAL 1,544 2,950 ERCOT NYISO NEPOOL 4,368 8,018 22,976 PJM Peaking Load Following Baseload (MW)* PEG: EXC: * Excludes 8,701MW of long term contracts and 411MW in other regions
Slide 4: Market Power Mitigation
Market Power Mitigation 2/4/05 - Filed the merger application with FERC Proposed Divestiture “Virtual Divestiture” Transfer control of 2,600MW of baseload nuclear energy 2,400MW in PJM East Divest a total of 2,900MW fossil fuel facilities Peaking 1,000MW Mid-Merit 1,900MW at least 550MW coal-fired E
Slide 5: $500 Million of Synergies in Year
$500 Million of Synergies in Year 2 By Business Nuclear (1) Trading Genco Corp/ Fossil T&D Corporate, Business Services By Category Supply Corporate Programs Nuclear Outage Costs Nuclear Production Improvements Staffing Info Technology 16% 9% 7% 11% 39% 15% 9% 3% 14% 43% 34% (1) Includes cost and pr