PSEG Nuclear reports record year for safety and energy production

HANCOCKS BRIDGE, N.J., Jan. 18, 2002 — PSEG Nuclear reported a record for generation in 2001, producing 25,292 gigawatt hours net, while improving its safety performance for the fourth consecutive year.

Salem Unit 2, with a capacity factor of 99%, produced a record 9,518 gigawatt hours of electricity, which should place it with the top performers in the world.

“While I am pleased with our accomplishments, I am more proud of our employees and how they responded to the tragic events that gripped our nation in 2001,” said Harry Keiser, PSEG Nuclear President and Chief Nuclear Officer. “Each of us had a role to play. Some were called to active duty for our nation or were assigned to new responsibilities in support of site security. Each of us, however, maintained our focus on safety at work. Our employees also helped educate our families and friends about our safety and security so they could maintain their confidence in our operation.”

The company announced the following site records:
* Best personal safety performance ever, as measured by OSHA accident rate
* Salem Unit 1, Salem Unit 2 and Hope Creek had a combined capacity factor of 89.2%
* Salem Units 1 and 2 had a combined capacity factor of 89.5%
* Salem Unit 2 had a capacity factor of 99%
* Salem Units 1 and 2 and Hope Creek operated at a 100% capacity factor between Memorial Day and Labor Day, when the demand for electricity is at its peak
* Hope Creek completed its 10th refueling outage in 24 days.

PSEG Nuclear operates Salem Units 1 and 2, two 1,150 megawatt pressurized water reactors, and Hope Creek, an 1,100-megawatt boiling water reactor. The three units are located on one site in Salem County, NJ, and together comprise the second largest nuclear site in the country.

PSEG Nuclear is a subsidiary of PSEG Power, one of the largest independent power producers and energy trading companies in the U.S., and an affiliate of Public Service Electric and Gas Company (PSE&G), New Jersey’s largest electric and gas utility.

PSEG Power currently has approximately 17,000 megawatts of electric generating capacity in operation, construction, or advanced development. In addition to PSEG Nuclear, PSEG Power’s subsidiaries include PSEG Fossil, which owns and operates fossil-fueled generating facilities and PSEG Energy Resources and Trade, one of the nation’s largest (by volume) energy trading companies.

PSEG Power and PSE&G are subsidiaries of Public Service Enterprise Group Incorporated, a diversified energy holding company with headquarters in Newark, NJ.

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