PSEG Declares 32.25-Cent Quarterly Dividend

NEWARK, N.J., Nov. 20  /PRNewswire-FirstCall/ -- The board of directors of Public Service Enterprise Group (PSEG) has declared a quarterly dividend of 32.25 cents per share of common stock for the fourth quarter of 2008. (NYSE: PEG)

In a related matter, the board of directors of PSE&G declared a regular quarterly dividend on all series of PSE&G preferred stock.  PSE&G is a subsidiary of PSEG.

All dividends for the fourth quarter are payable on or before December 31, 2008, to stockholders of record on December 8, 2008.

FORWARD-LOOKING STATEMENT

The statements contained in this communication about PSEG and its subsidiaries' future performance, including, without limitation, 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. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. A discussion of some of these risks and uncertainties is contained in our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission (SEC). 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 communication. 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 estimates change, unless otherwise required by applicable securities laws. 

DATASOURCE: Public Service Enterprise Group (PSEG)



CONTACT:  Denise Denk, Public Service Enterprise Group, [phone]



Web Site:  http://www.pseg.com/ 

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