PEG Public Service Enterprise Group Inc

NEWARK, N.J., Sept. 20 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) was today recognized by the Carbon Disclosure Project (CDP), which represents 534 institutional investors with $64 trillion in assets under management, for its efforts to reduce global emissions and mitigate the risks of climate change.

PSEG is featured in CDP's new Carbon Performance Leadership Index (CPLI).  The CPLI highlights those companies within the S&P 500 Index and FTSE Global Equity Index Series (Global 500) which have demonstrated commitment to strategy, governance, stakeholder communications and, most of all, emissions reduction in their CDP responses.  The CPLI complements the existing Carbon Disclosure Leadership Index (CDLI) which assesses the quality and completeness of companies' reporting on carbon management.  This new index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP provides an evaluation tool for institutional investors.  

PSEG was named to both the S&P 500 and Global 500 CPLI, recognizing its domestic and international leadership in corporate carbon performance.  The S&P 500 CPLI comprises 14 companies from the S&P 500 Index while the Global 500 CPLI comprises 48 companies from the Global 500 Index, based on analysis of the responses to CDP's 2010 questionnaire.  

"PSEG recognizes that global climate change is the pre-eminent issue of our time," said Anne Hoskins, senior vice president – public affairs & sustainability. "We are responding to that challenge through a three-prong carbon reduction investment strategy -- energy efficiency, renewable sources of energy and clean central station generation.  Through this, we are helping our nation create a sustainable energy economy – one that can compete globally, create plenty of good jobs, and protect the environment."

Paul Dickinson, Chief Executive of the Carbon Disclosure Project, commented: "Companies in this new Carbon Performance Leadership Index are demonstrating leadership in their commitment to manage greenhouse gas emissions.  Companies which manage and reduce their emissions, maximize business resilience and capitalize on opportunities, will be the best placed to succeed as we move towards a low carbon economy."

The Global 500 Report including names of companies featured in the Carbon Performance Leadership Index and the methodology used can be found at www.cdproject.net.  

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, Public Service Electric and Gas Company (PSE&G) and PSEG Energy Holdings.  

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SOURCE Public Service Enterprise Group (PSEG)