Public Service Enterprise Group Incorporated · NYSE:PEG
Public Service Enterprise — Investor Presentation (April 2020)
10 slides from Public Service Enterprise's investor presentation, Apr 6, 2020
Slide 1: April 2020 PSEG Investor Update
EXHIBIT 99 April 2020 PSEG Investor Update • NYSE: PEG • BUILDING A SUSTAINABLE, FINANCIALLY SOUND ENERGY INFRASTRUCTURE COMPANY
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain of the matters discussed in this presentation 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 “forwa
Slide 3: PSEG powering New Jersey's response to COVID-19
PSEG powering New Jersey’s response to COVID-19 PSEG Response to COVID-19 NJ utility service and power generation deemed as essential services Prioritizing uninterrupted utility operations at PSE&G, PSEG Power and PSEG Long Island with updated screening procedures to ensure customer and employee hea
Slide 4: PSEG well positioned during COVID-19 challenges
PSEGwell positioned during COVID-19challenges Strong Liquidity Position Total credit facilities $4.2B; $2.9B available at year-end 2019 • Credit facilities extended through March 2024 In January 2020, PSE&G issued $600M MTNs; PSE&G’s $2.7B 2020 capital program to be funded consistent with authorized
Slide 5: PSE&G T&D Margin Allocation
PSE&G T&D Margin Allocation PSE&G 2020E Margin Illustration • Transmission and Residential segments of Distribution expected to contribute 75% of total PSE&G margin • Transmission is fixed with no variable/ volume risk • Distribution margin is ~60% Residential • Significant portion of remaining marg
Slide 6: Regulatory and Policy Initiatives - Update
Regulatory and Policy Initiatives -Update Investment Priorities Aligned with NJ’s Clean Energy Agenda Energy Efficiency: NJBPU extended schedule to September 2020; Investment in existing programs extended by $111M Procedural schedule set for $0.6B CEF–EC–AMI; NJBPU Staff proposed procedural schedule
Slide 7: APPENDIX
PSEG We make things work for you.
Slide 8: PSE&G – New Jersey's largest
PSE&G –New Jersey’s largest: • Electric and Gas Distribution utility • Transmission business • Investor in renewables and energy efficiency • Appliance service provider Electric Gas Customers 2.3 Million 1.9 Million 5-Year Annual Customer Growth* 0.8% 0.7% 40,684 2,589M PSE&G 2019 Rate Base*** 2019
Slide 9: Clean Energy Future program supports economic recovery and NJ's Clean Energy Act targets
Clean Energy Future program supports economic recovery, helps lower bills and sized to achieve NJ’s Clean Energy Act targets PSE&G’s ~$3.5 Billion, 6-year investment proposal offers cost-effective, innovative and ready-to-implement solutions supporting NJ’s clean energy goals • Energy Efficiency: He
Slide 10: Climate Strategy – PSEG's fleet transformation is addressing climate change
Climate Strategy –PSEG’s fleet transformation is addressing climate change PSEG Generation Carbon Emission Intensity vs. PJM and USA (2005 - 2020E) PSEG's generation fleet continues to be much less carbon intensive than PJM and USA averages ~50% less = 2.5 million cars Nuclear: Higher capacity facto
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