NEWARK, N.J., Sept. 13, 2017 /PRNewswire/ -- Marking a decade
of sustainability leadership, Public Service Enterprise Group
(PSEG) has been named to the Dow Jones Sustainability Index for
North America for the 10th
consecutive year.
The Dow Jones Sustainability Indices (DJSI) recognize
forward-thinking companies based on an appraisal of the company's
strategy, management and performance in dealing with opportunities
and risks deriving from environmental, social and governance
factors. The DJSI tracks the performance of the 600 largest U.S.
and Canadian companies in the S&P Global Broad Market Index and
recognizes the top 20 percent that lead the field in terms of
sustainability. PSEG was one of seven American utility companies
selected for the list.
"Our 13,000 employees work every day to build a sustainable
energy future -- one that fosters economically viable and
environmentally advantaged solutions for people and our planet,"
said Ralph Izzo, PSEG's chairman,
president and CEO. "Securing a position on the list of North America's top sustainable companies for
a decade is a strong endorsement of our efforts. We are well aware
that our success depends on being responsive to the energy needs of
our customers and the larger society around us."
In 2016, PSEG continued its focus on providing reliable and
cleaner energy. PSE&G, the company's regulated utility, is in
the midst of replacing 500 miles of aging natural gas pipe
throughout New Jersey and has
proposed accelerating the replacement of an additional 1,250 miles
of gas lines. This important work not only enhances the safety and
reliability of our energy infrastructure, it also reduces the
release of methane, a potent greenhouse gas, and creates hundreds
of jobs.
PSEG's commitment doesn't stop there:
- PSEG also has been recognized for expanding customer access to
energy efficiency and clean renewable solar power.
- The company has invested more than $1.5
billion to develop or finance solar power.
- PSE&G is investing more than $400
million to help hospitals, apartment buildings and
government facilities reduce their utility bills.
- The company recently won approval to begin offering residential
customers smart thermostats and data analytics to help them better
manage their energy consumption.
In addition, PSEG is regularly recognized for the way it goes
about its business, making the Forbes list of Most Admired
Companies and Fortune's Just 100 List, which celebrates America's
best corporate citizens.
Public Service Enterprise Group (NYSE: PEG) is a publicly
traded diversified energy company with annual revenues of
$9.1 billion. Its operating
subsidiaries are: Public Service Electric and Gas Company
(PSE&G), PSEG Power, and PSEG Long Island.
Visit PSEG at:
www.pseg.com
PSEG on
Facebook
PSEG on Twitter
PSEG on
LinkedIn
PSEG blog, Energize!
Forward-Looking Statements
The statements contained
in this communication 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, are "forward-looking
statements" within the meaning of The Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are
subject to risks and uncertainties, which could cause actual
results to differ materially from those anticipated. Such
statements are based on management's beliefs as well as assumptions
made by and information currently available to management.
When used herein, the words "anticipate," "intend," "estimate,"
"believe," "expect," "plan," "should," "hypothetical," "potential,"
"forecast," "project," variations of such words and similar
expressions are intended to identify forward-looking
statements. Factors that may cause actual results to differ
are often presented with the forward-looking statements themselves.
Other factors that could cause actual results to differ materially
from those contemplated in any forward-looking statements made by
us herein are discussed 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://investor.pseg.com/sec-filings. All of the
forward-looking statements made in this communication are qualified
by these cautionary statements and we cannot assure you that the
results or developments anticipated by management will be realized
or even if realized, will have the expected consequences to, or
effects on, us or our business, prospects, financial condition,
results of operations or cash flows. Readers are cautioned not to
place undue reliance on these forward-looking statements in making
any investment decision. Forward-looking statements made in this
communication apply only as of the date hereof. While we may
elect to update forward-looking statements from time to time, we
specifically disclaim any obligation to do so, even in light of new
information or future events, unless otherwise required by
applicable securities laws.
From time to time, PSEG, PSE&G and PSEG Power release
important information via postings on their corporate website at
http://investor.pseg.com. Investors and other interested parties
are encouraged to visit the corporate website to review new
postings. The "Email Alerts" link at http://investor.pseg.com may
be used to enroll to receive automatic email alerts and/or Really
Simple Syndication (RSS) feeds regarding new postings.
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SOURCE Public Service Enterprise Group (PSEG)