Public Service : PSEG Announces it is Exploring a Sale of its Equity Position in PennEast Pipeline Project

(March 9, 2017 - Newark, NJ) - Public Service Enterprise Group Inc. (NYSE: PEG) today announced that it is exploring a sale of its minority equity position in the PennEast interstate natural gas pipeline project (PennEast). Any such sale would be subject to approval by the PennEast Board.

Bill Levis, president of PSEG Power, emphasized that PSEG will remain a PennEast customer for its committed capacity.

'This project will provide PSE&G customers with greater and more reliable access to affordable natural gas,' he said. 'We look forward to being a PennEast customer. We've decided to put our focus on our core business - constructing three new combined cycle power plants and running our diverse fleet of generation plants.'

Public Service Enterprise Group

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