EX-99.1 3 d77337dex991.htm EX-99.1

PSEG – Year to Date 2015 Highlights Operating Earnings YTD up 6% to $2.41 per share from $2.27 for YTD 2014 PSE&G 2015 operating earnings guidance increased to $785 - $805 million, up from $760 - $775 million on expanded capital investment program and weather PSEG Power 2015 operating earnings guidance revised to $620 - $650 million, from $620 - $680 million Updated PSEG 2015 full–year, operating earnings guidance to $2.85-$2.95 per share, from $2.80-$2.95 per share prior and original 2015 guidance of $2.75-$2.95 in February Executing on our capital program GSMP settlement reached with BPU Staff and Division of Rate Counsel to invest $905 million over 3 years beginning in 2016 Power announced $1.5 billion investment in 1,300 MWs of new CCGT capacity at Keys Energy Center in Maryland and Sewaren 7 in New Jersey Market developments Constructive regulatory environment: PJM Capacity Performance Auctions, FERC NOPR supportive on price formation ReliabilityOne award recognized PSE&G as the most reliable electric utility in the Mid-Atlantic region for the 14 th consecutive year 1 Exhibit 99.1

$2.58 $2.76 $2.85 - $2.95E Full-year 2015 guidance update reflects the strength of operating results for the first nine months of the year, and assumes normal weather and unit operations PSEG – 2015 Another Year of Growth Updated 2015 Earnings Guidance (July 2015) $2.80 - $2.95 Original 2015 Earnings Guidance (February 2015) $2.75 - $2.95 2 2013 Operating Earnings* 2014 Operating Earnings* 2015 Operating Earnings Guidance * SEE SLIDE A FOR ITEMS EXCLUDED FROM INCOME FROM CONTINUING OPERATIONS/ NET INCOME TO RECONCILE TO OPERATING EARNINGS. E = ESTIMATE