Public Service Enterprise Group Incorporated · NYSE:PEG
Public Service Enterprise — Investor Presentation (March 2015)
8 slides from Public Service Enterprise's investor presentation, Mar 10, 2015
Slide 1: Forward-Looking Statement
Exhibit 99 Forward-Looking Statement 2
Slide 2: GAAP Disclaimer
GAAP Disclaimer PSEG presents Operating Earnings in addition to its Net Income reported in accordance with accounting principles generally accepted in the United States (GAAP). Operating Earnings is a non-GAAP financial measure that differs from Net Income because it excludes gains or losses associa
Slide 3: Operating Earnings
Operating Earnings Disciplined investment program and focus on operational excellence have supported growth Operating Earnings* Contribution by Subsidiary Power’sdiverse fuel mix and dispatch flexibility continue to generate strong ** earnings and free cash flow in low price environment PSE&G’sinves
Slide 4: PSE&G's 2015 operating earnings expected to benefit from increased investment in Transmission
PSE&G’s 2015 operating earnings expected to benefit from increased investment in Transmission PSE&G Operating Earnings* ($ Millions) $735 --$775E $725 $612 2013 2014 2015 Guidance *SEE SLIDE A FOR ITEMS EXCLUDED FROM NET INCOME TO RECONCILE TO OPERATING EARNINGS. E =ESTIMATE. DATA AS OF MARCH 2, 201
Slide 5: Power's 2015 operating earnings maintain solid performance
Power’s 2015 operating earnings maintain solid performance Power Operating Earnings* ($ Millions) $710 $620 – 680E $642 2015 Observations • 75-80% hedged at $52/MWh • Increase in average hedge price for energy helps mitigate reset in capacity price and volume 2013 2014 2015 Guidance * SEE SLIDE A FO
Slide 6: Increasing PSE&G earnings with stable contribution from Power
IncreasingPSE&G earnings with stable contribution from Power PSEG Operating Earnings $ Millions (except EPS) 2013 2014 2015E PSE&G $612 $725 $735 - $775 PSEG Power $710 $642 $620 - $680 Enterprise/Other ($13) $33 $40 - $45 Operating Earnings* $1,309 $1,400 $1,395 - $1,500 Operating EPS* $2.58 $2.76
Slide 7: PSEG Summary
PSEG Summary • Our 2014 earnings of $2.76 exceeded our revised operating earnings guidance of $2.60 -$2.75 per share • Continued third year of anticipated positive earnings trend in 2015 with operating earnings guidance of $2.75 to $2.95 per share th • Continued 5 straight year of expected double di
Slide 8: Items Excluded from Income from Continuing Operations/Net Income to Reconcile to Operating Earnings
Items Excluded from Income from Continuing Operations/Net Income to Reconcile to Operating Earnings PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED For the Year Ended Reconciling Items, net of tax December 31, 2014 2013 2012 2011 2010 2009 Earnings Impact ($ Millions) (Unaudited) Operating Earnings $ 1
Public Service Enterprise Group — Investor Presentation (March 2015) on 6ix