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Investor News                                         NYSE:PEG
 For further information, contact:
         Kathleen A. Lally, Vice President – Investor Relations   Phone: 973-430-6565
         Greg McLaughlin, Sr. Investor Relations Analyst          Phone: 973-430-6568
         Yaeni Kim, Sr. Investor Relations Analyst                Phone: 973-430-6596

                                                                             September 12, 2007




TO:           THE FINANCIAL COMMUNITY

FROM:         KATHLEEN A. LALLY

RE:           PSEG TO WEBCAST PRESENTATION
              AT MERRILL LYNCH POWER & GAS
              LEADERS CONFERENCE


Ralph Izzo, Chairman, President and Chief Executive Officer of PSEG, will participate in a
panel entitled PJM Integrateds at the Merrill Lynch Power & Gas Leaders Conference in New
York on Tuesday, September 25. The panel is scheduled to begin at 7:45 a.m. ET and
conclude at 9:15 a.m. ET. This panel presentation will be webcast and can be accessed
through PSEG’s web site at:

                                   http://www.pseg.com/investor

In addition, PSEG’s slide presentation will be available on the web.

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public serviceenterprise group09/12/07

  • 1. Investor News NYSE:PEG For further information, contact: Kathleen A. Lally, Vice President – Investor Relations Phone: 973-430-6565 Greg McLaughlin, Sr. Investor Relations Analyst Phone: 973-430-6568 Yaeni Kim, Sr. Investor Relations Analyst Phone: 973-430-6596 September 12, 2007 TO: THE FINANCIAL COMMUNITY FROM: KATHLEEN A. LALLY RE: PSEG TO WEBCAST PRESENTATION AT MERRILL LYNCH POWER & GAS LEADERS CONFERENCE Ralph Izzo, Chairman, President and Chief Executive Officer of PSEG, will participate in a panel entitled PJM Integrateds at the Merrill Lynch Power & Gas Leaders Conference in New York on Tuesday, September 25. The panel is scheduled to begin at 7:45 a.m. ET and conclude at 9:15 a.m. ET. This panel presentation will be webcast and can be accessed through PSEG’s web site at: http://www.pseg.com/investor In addition, PSEG’s slide presentation will be available on the web.