PSEG Releases 2009 Sustainability Report
July 02 2009 - 9:30AM
PR Newswire (US)
Highlights commitment to economic, environmental and social
responsibility NEWARK, N.J., July 2 /PRNewswire-FirstCall/ --
Building on its long-standing leadership in environmental reporting
and transparency, PSEG (NYSE:PEG) released today its 2009
Sustainability Report. The report highlights PSEG's commitment to
social, economic and environmental responsibility, underscores
accomplishments in the sustainability arena and discusses
challenges the company faces in its quest to be a leader in
providing safe, reliable, economic and green energy. It is
available online, at http://www.pseg.com/sustainability.
"Transparency and continuous improvement are an important part of
working towards a sustainable future," said Ralph Izzo, chairman,
president and chief operating officer of PSEG. "This report is
meant to strengthen dialogue with stakeholders and help us achieve
our collective goals." The report highlights PSEG's emphasis on
addressing climate change, upgrading aging infrastructure, and
investing in workforce development. It underscores the company's
commitment to social responsibility and points to a number of
energy efficiency and renewable energy initiatives that have the
potential to mitigate climate change and create revenue and jobs.
Report highlights include PSEG's work to: -- Invest in energy
efficiency and renewable energy -- Reduce greenhouse gas emissions
and other pollutants -- Manage risk, reduce debt and manage capital
spending -- Build a strong, resilient workforce -- Increase funding
for environmentally-oriented community groups -- Attract jobs and
revenue to local communities The company's utility, PSE&G, is
investing millions of dollars in accelerated gas and electric
infrastructure investments, which is improving reliability while
providing an economic stimulus. And it is working to build the
green economy on the basis of universal access to energy efficiency
and renewable energy, so that its benefits can be realized by
people of all economic means. PSEG is proud of its place on the Dow
Jones Sustainability North America Index, a list comprised of the
leading 20% of North American companies in terms of sustainability
performance. Dow Jones and PSEG agree that long-term shareholder
value is created by embracing opportunities and managing risks
derived from economic, environmental and social developments.
PSEG's Sustainability Report is consistent with Global Reporting
Initiative (GRI) guidelines, which are quickly becoming the
standard in global sustainability reporting. GRI guidelines were
used to identify key performance indicators including some specific
to sustainability reporting in the electric power industry. PSEG
sponsored a GRI workshop last year where stakeholders reviewed the
Draft Electric Utility Sector Supplement. Public Service Enterprise
Group is a publicly traded diversified energy company with annual
revenues of more than $13 billion, and three principal
subsidiaries: PSEG Power, Public Service Electric and Gas Company
(PSE&G) and PSEG Energy Holdings. PSEG has recently launched
several initiatives to help combat climate change including
offering $105 million in loans for solar installations in New
Jersey, bidding to build a 350-megawatt offshore wind farm,
launching Energy Storage and Power (a compressed air energy storage
business), converting its truck and car fleet to hybrid vehicles
and exploring the possibility of a new nuclear plant to be located
in South Jersey. DATASOURCE: Public Service Enterprise Group (PSEG)
CONTACT: Jenn Kramer, +1-973-430-6027 Web Site:
http://www.pseg.com/ http://www.pseg.com/sustainability
Copyright
Public Service Enterprise (NYSE:PEG)
Historical Stock Chart
From May 2024 to Jun 2024
Public Service Enterprise (NYSE:PEG)
Historical Stock Chart
From Jun 2023 to Jun 2024