PSEG Declares 35.50-Cent Quarterly Dividend

                 PSEG Declares 35.50-Cent Quarterly Dividend

PR Newswire

NEWARK, N.J., Nov. 20, 2012

NEWARK, N.J., Nov. 20, 2012 /PRNewswire/ --The board of directors of Public
Service Enterprise Group (PSEG) has declared a quarterly dividend of 35.50
cents per share of common stock for the fourth quarter of 2012. (NYSE: PEG)

(Logo: http://photos.prnewswire.com/prnh/20120830/MM62627LOGO)

All dividends for the third quarter are payable on or before December 31,
2012, to stockholders of record on December 7, 2012.

Forward-Looking Statements
The statements contained in this communication about us and our subsidiaries'
future performance, including, without limitation, future revenues, earnings,
strategies, prospects, consequences and all other statements that are not
purely historical, are forward-looking statements for purposes of the safe
harbor provisions under The Private Securities Litigation Reform Act of 1995.
Although we believe that our expectations are based on information currently
available and on reasonable assumptions, we can give no assurance they will be
achieved. There are a number of risks and uncertainties that could cause
actual results to differ materially from the forward-looking statements made
herein. A discussion of some of these risks and uncertainties is contained in
our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form
8-K filed with the Securities and Exchange Commission (SEC), and available on
our website: http://www.pseg.com. These documents address in further detail
our business, industry issues and other factors that could cause actual
results to differ materially from those indicated in this communication. In
addition, any forward-looking statements included herein represent our
estimates only as of the date hereof and should not be relied upon as
representing our estimates as of any subsequent date. While we may elect to
update forward-looking statements from time to time, we specifically disclaim
any obligation to do so, even if our internal estimates change, unless
otherwise required by applicable securities laws.

Public Service Enterprise Group (NYSE: PEG) is a publicly traded diversified
energy company with annual revenues of more than $11 billion, and three
principal subsidiaries: PSEG Power, Public Service Electric and Gas Company
(PSE&G) and PSEG Energy Holdings.

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SOURCE Public Service Enterprise Group (PSEG)

Website: http://www.pseg.com
Contact: Denise Denk, +1-973-430-6336
 
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