PSEG named environment leader by Scientific American magazine

NEWARK, N.J., Nov. 12, 2002 — Public Service Enterprise Group Inc. (PSEG) has been named by Scientific American magazine as company leader on the environment and is included as one of the Scientific American 50 — the magazine’s first list recognizing contributions from the past year to science and technology providing a vision of a better future.

The Scientific American 50 was announced today and makes its debut in the magazine’s December issue that will reach newsstands Nov. 18. The complete list also may be accessed after Nov. 11 on the magazine’s website:

PSEG was recognized by Scientific American‘s Board of Editors for its “constructive, progressive attitude toward reducing emissions that pose hazards as pollutants or as greenhouse gases.”

John Rennie, the magazine’s editor-in-chief, said: Scientific American‘s editors wanted to recognize some of the most outstanding visionaries who are advancing technology and guaranteeing a brighter future for all of us. Scientists aren’t the only ones doing this. That’s why the Scientific American 50 includes business leaders, policy leaders, companies, and other organizations that influence how society puts innovations to good use.”

E. James Ferland, PSEG chairman and chief executive officer, said “environmental leadership is a core value of our company. We are honored that PSEG is included in the first Scientific American 50 and that this distinguished journal has recognized our advocacy of policies and practices that will help America meet its energy needs in ways that are environmentally responsible and sustainable.”

Scientific American magazine was founded in 1845. In addition to Scientific American, Holtzbrinck Publishers includes the book publishing houses Farrar, Straus, & Giroux, W.H. Freeman, Henry Holt and Company, and St. Martin’s Press, the academic scholarly publishing company Palgrave U.S., the College Publishing Group of Bedford Freeman Worth, and the distribution company VHPS.

PSEG is a diversified energy and energy services company with three principal subsidiaries: Public Service Electric and Gas Company (PSE&G), a regulated New Jersey electric and gas delivery company; PSEG Power, a major unregulated power generation and trading company with approximately 16,000 megawatts of electric generating capacity in operation or construction; and PSEG Energy Holdings, a holding company for other unregulated businesses. PSEG has more than $25 billion in assets and has its headquarters in Newark, NJ. The PSEG website address is

Source: Public Service Enterprise Group Incorporated

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