NEWARK, N.J., April 20 /PRNewswire-FirstCall/ -- The board of
directors of Public Service Enterprise Group (PSEG) has declared a
quarterly dividend of 34.25 cents per
share of common stock for the second quarter of 2010. (NYSE:
PEG)
All dividends for the second quarter are payable on or before
June 30, 2010, to stockholders of
record on June 9, 2010.
FORWARD-LOOKING STATEMENT
Readers are cautioned that statements contained in this
presentation about our and our subsidiaries' future performance,
including future revenues, earnings, strategies, prospects 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
reasonable assumptions, we can give no assurance they will be
achieved. The results or events predicted in these statements may
differ materially from actual results or events. Factors which
could cause results or events to differ from current expectations
include, but are not limited to:
- Adverse changes in energy industry, law, policies and
regulation, including market structures and rules, and reliability
standards.
- Any inability of our transmission and distribution businesses
to obtain adequate and timely rate relief and regulatory approvals
from federal and state regulators.
- Changes in federal and state environmental regulations that
could increase our costs or limit operations of our generating
units.
- Changes in nuclear regulation and/or developments in the
nuclear power industry generally, that could limit operations of
our nuclear generating units.
- Actions or activities at one of our nuclear units located on a
multi-unit site that might adversely affect our ability to continue
to operate that unit or other units at the same site.
- Any inability to balance our energy obligations, available
supply and trading risks.
- Any deterioration in our credit quality.
- Availability of capital and credit at commercially reasonable
terms and our ability to meet cash needs.
- Any inability to realize anticipated tax benefits or retain tax
credits.
- Changes in the cost of or interruption in the supply of fuel
and other commodities necessary to the operation of our generating
units.
- Delays or unforeseen cost escalations in our construction and
development activities.
- Adverse performance of our decommissioning and defined benefit
plan trust fund investments, and changes in discount rates and
funding requirements.
- Changes in technology and increased customer conservation.
For further information, please refer to our Annual Report on
Form 10-K, including Item 1A. Risk Factors, and subsequent reports
on Form 10-Q and Form 8-K filed with the Securities and Exchange
Commission. 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 presentation. In
addition, any forward-looking statements included herein represent
our estimates only as of today 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
$12 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)