PEG Public Service Enterprise Group Inc

"We cannot let the search for perfection impede progress," Izzo says NEWARK, N.J., May 18 /PRNewswire-FirstCall/ -- PSEG Chairman Ralph Izzo today commended Chairmen Waxman, Markey and Boucher for their work to forge a consensus on climate change legislation that has a real chance of moving through Congress this year. "We cannot let the search for perfection impede real progress. Chairmen Waxman, Markey and Boucher listened to their colleagues and worked to produce revised legislation that reflects a balanced and collaborative approach," Izzo said. "We've seen real leadership in the crafting of this comprehensive bill, and I am hopeful that we'll see something move through Congress this year." PSEG has been vocal in its advocacy for legislation that takes a comprehensive approach to climate change, one that establishes a price for carbon, spurs the development of green energy industries and reduces energy consumption. The Waxman-Markey bill, Izzo said, will put the U.S. on track to accomplish these goals. "This bill marks a turning point in the discussion and is an indication that the country is getting serious about the need to address global warming," Izzo said. "The threat of climate change requires that we transform the way we produce and consume energy, and the way we live our lives. How we respond will be the defining issue of our time." Public Service Enterprise Group (PSEG) (NYSE:PEG) is a publicly traded diversified energy company with annual revenues of more than $13 billion, and three principal subsidiaries: PSEG Power, PSEG Energy Holdings, and Public Service Electric and Gas Company (PSE&G). PSEG Power, one of the largest independent power producers in the U.S. has three main subsidiaries: PSEG Fossil, PSEG Nuclear, and PSEG Energy Resources & Trade. PSEG Energy Holdings has two main unregulated energy-related businesses: PSEG Global and PSEG Resources. PSE&G, New Jersey's oldest and largest regulated gas and electric delivery utility, serves nearly three-quarters of New Jersey's population. DATASOURCE: Public Service Enterprise Group (PSEG) CONTACT: Jenn Kramer, Public Service Enterprise Group, +1-973-430-6027 Web Site: http://www.pseg.com/

Copyright