Public Service Enterprise Group Incorporated · NYSE:PEG
Public Service Enterprise — Q1 2014 Earnings Presentation
9 slides from Public Service Enterprise's earnings presentation, May 19, 2014
Slide 1: Forward-Looking Statement
EXHIBIT 99 Forward-Looking Statement Certain of the matters discussed in this report about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences and all other statements that are not purely historical constitute “f
Slide 2: GAAP Disclaimer
GAAP Disclaimer PSEG presents Operating Earnings in addition to its Income from Continuing Operations/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 Income from Continu
Slide 3: Maintaining PSEG 2014 Operating Earnings Guidance
Maintaining PSEG 2014 Operating Earnings Guidance Reflects increased level of utility investment, pension savings and assumes normal weather and unit operations for the rest of year $2.55 - $2.75E $2.58 $2.44 2012 2013 2014 Guidance SEE SLIDE A FOR ITEMS EXCLUDED FROM INCOME FROM CONTINUING OPERATIO
Slide 4: Operating Earnings Mix
Operating Earnings Mix Long term investment program has driven increased earnings contribution from stable, regulated business Power’sdiverse fuel mix Operating Earnings* Contribution by Subsidiary (%) and dispatch flexibility $2.55 - continues to generate $3.09 $3.12 $2.74 $2.44 $2.58 $2.75E earnin
Slide 5: PSEG Q1 2014 Financial Highlights
PSEG Q1 2014 Financial Highlights Strong Q1 Earnings Operating earnings of $1.01 vs. $0.85 per share in Q1 2013 Power benefited from higher market pricing, market volatility and increased output Increased contribution to earnings from PSE&G’s investment in transmission Maintaining 2014 operating ear
Slide 6: The Energy Strong impact to customer bills is expected to be fully offset
The Energy Strong impact to customer bills is expected to be fully offset PSE&G’s Typical Average Residential Bill Consumer Price Index OUT-YEAR BGS/BGSS, SBC, AND DISTRIBUTION RATES HELD CONSTANT AT CURRENT 2014 RATES. RATES RELATED TO ELECTRIC RESTRUCTURING: SECURITIZATION (STC), NON-UTILITY GENER
Slide 7: PSE&G's 2014 operating earnings to benefit from increased investment in transmission
PSE&G’s 2014 operating earnings to benefit from increased investment in transmission and on-going cost control PSE&G Operating Earnings* ($ Millions) *SEE SLIDEA FORITEMSEXCLUDED FROMINCOMEFROMCONTINUING E=ESTIMATE 45 OPERATIONS/NET INCOME TO RECONCILE TO OPERATING EARNINGS.
Slide 8: Improving Operating Earnings and increased contribution from PSE&G
Improving Operating Earnings and increased contribution from PSE&G PSEG Operating Earnings $ Millions (except EPS) 2012 2013 2014E PSE&G $528 $612 $705 - $745 PSEG Power $663 $710 $550 - $610 Other $45 ($13) $35 - $40 Operating Earnings* $1,236 $1,309 $1,290 - $1,395 Operating EPS* $2.44 $2.58 $2.55
Slide 9: Items Excluded from Income from Continuing Operations/Net Income to Reconcile to Operating Earnings
Items Excluded from Income from Continuing Operations/Net Income to Reconcile to Operating Earnings PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED For the Year Ended Reconciling Items, net of tax December 31, 2013 2012 2011 2010 2009 2008 Earnings Impact ($ Millions) (Unaudited) Operating Earnings $ 1
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