PSEG Again Recognized as Sustainability Leader
Dow Jones salutes NJ energy company for its economic, environmental and social
NEWARK, N.J., Sept. 12, 2013
NEWARK, N.J., Sept. 12, 2013 /PRNewswire/ --Public Service Enterprise Group
(PSEG) was today named for the sixth year in a row to the Dow Jones
Sustainability North America Index. The Dow Jones Sustainability Indexes
(DJSI) selects leading companies for investment purposes, based on the quality
of a company's strategy, management and its performance in dealing with
opportunities and risks deriving from economic, environmental and social
(Logo: http://photos.prnewswire.com/prnh/20120830/MM62627LOGO )
"We are proud to again be recognized as a corporate sustainability leader,"
said Ralph Izzo, chairman, president and CEO of PSEG. "We've been operating
our business with a focus on sustainability for more than a century, carefully
considering the impact of our actions on our employees and the communities we
DJSI results are watched by market participants and are used by asset managers
in 16 countries to manage sustainability-driven portfolios, such as mutual
funds. Empirical evidence indicates that companies with higher sustainability
scores are more likely to outperform their peers over the long-run.
"The market upheavals and high debt levels of the last few years should remind
investors that a long term view of the world and the markets is essential,"
said David Blitzer, Managing Director and Chairman of the Dow Jones Index
Committee. "The Dow Jones Sustainability Indices combine that kind of long run
focus on sustainability with index investing to empower investors."
PSEG recently released its fifth Sustainability Report, which highlights the
company's focus on energy efficiency and renewables, notes the large
investments it has made to reduce emissions of traditional pollutants from its
fossil-fueled plants, celebrates the company's outstanding corporate
responsibility efforts and record for reliability, and discusses its role in
developing solar energy. It also points to the importance of fuel diversity
and the value of a strong balance sheet.
Protecting critical infrastructure, the report says, is an important facet of
climate adaptation. A key challenge is the need to improve society's ability
to withstand and recover from extreme and changing weather patterns.
Superstorm Sandy was the worst storm in PSEG's history and it was preceded
only a year before by two other devastating storms. The company has proposed a
$3.9 billion, 10-year plan to harden its infrastructure and make New Jersey
The report is available online at www.pseg.com/sustainability and feedback is
encouraged at firstname.lastname@example.org.
PSEG (NYSE: PEG) is a diversified energy company based in Newark NJ. PSEG has
three main subsidiaries: PSE&G, NJ's largest and oldest combined gas and
electric delivery company, PSEG Power, a merchant power generation company and
PSEG Energy Holdings, a developer of solar farms throughout the U.S. For
more information, visitwww.pseg.com
Want to know what's new at PSEG? Go to www.pseg.com/getnewsand sign up to
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SOURCE Public Service Enterprise Group (PSEG)
Contact: Jenn Kramer, 973-430-6027
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