Public Service Enterprise Group Incorporated · NYSE:PEG

Public Service Enterprise — Investor Presentation (November 2013)

15 slides from Public Service Enterprise's investor presentation, Nov 20, 2013

  1. Slide 1: Forward Looking Statement

    EXHIBIT 99 Forward Looking Statement Certain of the matters discussed in this communication about us and our subsidiaries future • any deterioration in our credit quality or the credit quality of our counterparties, performance, including, without limitation, future revenues, earnings, strategies, p

  2. Slide 2: GAAP Disclaimer

    GAAP Disclaimer PSEGpresents OperatingEarningsin addition to its Income from Continuing Operations/Net Income reported in accordancewith accounting principles generallyaccepted in the United States (GAAP).OperatingEarningsis a non- GAAPfinancial measure that differs from Net Income becauseit exclude

  3. Slide 3: 76 local NJ towns and 9 counties support

    76 local NJ towns and 9 counties support • 76 municipalities and nine counties (Bergen, Essex, Hudson, Mercer, Middlesex, Passaic, Somerset, Union and Salem) have approved resolutions in support of Energy Strong, PSE&G’s infrastructure proposal to improve and fortify its electric and gas distributio

  4. Slide 4: Our $3.4 billion transmission investment program drives double digit earnings growth

    Our $3.4 billion transmission investment program drives double digit earnings growth at PSE&G through 2015 and includes… PSE&G’s Five Major Transmission Projects 100% Recovery Total Inclusion Expected Approved of Costs Estimated of CWIP in In-service ROE Due to Project Rate Base Date Abandonment Cos

  5. Slide 5: PSEG Power value advantaged by asset diversity, fuel flexibility and location

    PSEG Power value advantaged by asset diversity, fuel flexibility and location Fuel Diversity* Energy Produced* Energy Market Served* Total MW: 13,226 Total GWh: 52,511 Total MW: 13,226 *2012 **INCLUDESNEW JERSEYUNITSTHATFUELSWITCHTO GAS. 14

  6. Slide 6: What's Next: PSEG's Capital Spending expansion opportunities

    What’s Next: PSEG’s Capital Spending expansion opportunities directed toward growth in regulated business Potential Potential PSEG 2013-2015E Capital Spending* PSEG 2013-2015E Capital Spending* $7.5 Billion $7.5 Billion Growth / Environmental / Maintenance by Subsidiary E = ESTIMATE; CAPITAL EXCLUDE

  7. Slide 7: Operating Earnings in 2013 benefiting from return on transmission and Power's locational advantage

    Operating Earnings in 2013 benefiting from return on transmission and Power’s locational advantage Nine months ended September 30 Operating Earnings Earnings per Share $ millions (except EPS) 2013 2012 2013 2012 PSEG Power $ 580 $ 523 $ 1.14 $ 1.03 PSE&G 468 453 0.92 0.89 PSEG Energy Holdings/ 13 53

  8. Slide 8: Strength in YTD operating earnings supports increase in 2013 guidance

    Strength in YTD operating earnings supports increase in 2013 guidance Based on our performance year-to-date, we have raised guidance for full year operating earnings from $2.25-$2.50 to $2.40-$2.55 per share *SEE SLIDE A FOR ITEMS EXCLUDED FROM INCOME FROM CONTINUING OPERATIONS/NET INCOME TO RECONCI

  9. Slide 9: Where we're going … PSE&G operating earnings forecast to grow at double digit rate

    Where we’re going … PSE&G operating earnings are forecast to grow at double digit rate through 2015 with growth in transmission to 40% of rate base PSEG Focus ($ millions, except as noted) 2008 2012 2015E • 2.4% (planned1 ) • 0.8% (actual2 ) • O&M Growth per year • 2.2% (forecast3 ) • $6,800 • $9,00

  10. Slide 10: PSE&G's 2013 operating earnings

    PSE&G’s 2013 operating earnings benefiting from transmission growth and cost containment initiatives PSE&G Operating Earnings* ($ Millions) $585 - $600E $528 2012 2013 Guidance *SEE SLIDE A FOR ITEMS EXCLUDED FROM INCOME FROM CONTINUING E = ESTIMATE OPERATIONS/NET INCOME TO RECONCILE TO OPERATING EA

  11. Slide 11: PSEG Power Nuclear fleet is a critical element of success

    PSEG Power Nuclear fleet is a critical element of success Salem Peach Bottom Hope Creek Units 1 and 2 Units 2 and 3 • Operated by PSEG Nuclear • Operated by PSEG Nuclear • Operated by Exelon • PSEG Ownership: 100% • PSEG Ownership: 57%, • PSEG Ownership: 50% • Technology: Boiling Water Exelon – 43%

  12. Slide 12: Power's 2013 operating earnings

    Power’s 2013 operating earnings benefiting from locational value and operational efficiency PSEG Power Operating Earnings* ($ Millions) *SEE SLIDE A FOR ITEMS EXCLUDED FROM INCOME FROM CONTINUING E= ESTIMATE OPERATIONS/NET INCOME TO RECONCILE TO OPERATING EARNINGS. 70

  13. Slide 13: PSEG Summary

    PSEG Summary • Raised2013 full-yearoperatingearningsguidanceto $2.40 - $2.55 per share– basedon financial results year-to-date • Doubledigit operatingearningsgrowthat PSE&Gstarting in 2013, and continuingthrough2015 drivenby transmissioninvestments and approvedprograms • Power’scontinued focuson ope

  14. Slide 14: 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, 2012 2011 2010 2009 2008 Earnings Impact ($ Millions) (Unaudited) Operating Earnings $ 1,236

  15. Slide 15: 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 Three Months Ended Nine Months Ended Reconciling Items, net of tax September 30, September 30, 2013 2012 2013 2012 (Unaudited) Earnings Impact ($ Millions)

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