Submitted by: Public Service Enterprise Group (PSEG)
Posted: Jun 28, 2019 – 10:00 AM EST
NEWARK, N.J., Jun. 28 /CSRwire/ - PSEG has one of the lowest carbon emissions rates of the nation’s largest power producers, according to a new analysis released today.
PSEG is the 17th largest U.S. power producer, but ranks third among privately/investor-owned power producers in the U.S. with the lowest carbon emissions rates, according to the new report “Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States,” released by M.J. Bradley & Associates, Bank of America, CERES, Entergy, Exelon and NRDC.
PSEG, whose Salem and Hope Creek nuclear plants produce more than 90% of New Jersey’s carbon-free electricity, also ranks among the top quartile nationwide for zero-carbon generation.
“Climate change represents a real threat to our society,” Chairman, President & CEO Ralph Izzo said. “PSEG has long recognized the need to change and adapt to mitigate the impacts of climate change while providing universal access to safe, reliable and increasingly cleaner and more efficient electricity. And as we look toward a lower carbon future, common sense—and economics—dictate that energy efficiency and innovative new business models will play increasing roles, areas in which PSEG is determined to participate and thrive.”
PSEG has a long history of addressing climate change as an embedded part of its business and culture.
Public Service Enterprise Group Incorporated (PSEG) (NYSE: PEG) is a publicly traded diversified energy company with approximately 13,000 employees. Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas Company (PSE&G), PSEG Power and PSEG Long Island. PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 11 consecutive years (https://corporate.pseg.com/).
From time to time, PSEG, PSE&G and PSEG Power release important information via postings on their corporate website at https://investor.pseg.com. Investors and other interested parties are encouraged to visit the corporate website to review new postings. The “Email Alerts” link at https://investor.pseg.com may be used to enroll to receive automatic email alerts and/or Really Simple Syndication (RSS) feeds regarding new postings.
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