NEWARK, N.J., Jan. 29, 2003 — PSEG on Wednesday saluted President Bush’s comments on improving the nation’s air quality through mandatory power plant emissions reductions called for in his Clear Skies Initiative.
The company looks forward to working with the Administration toward implementing an integrated air strategy that would provide regulatory certainty on which to base business strategy and investment decisions while delivering significant reductions in power plant emissions of nitrogen oxides, sulfur dioxide and mercury.”
The President’s commitment to move Clear Skies legislation will help energize the debate action in Congress and help Congress reach consensus on action that will to provide the benefits of cleaner air to all Americans.
“PSEG has consistently advocated the need to coordinate energy policy with environmental policy. The company applauds the President for advocating a coordinated approach to address multiple air emissions challenges in a comprehensive fashion. We are also pleased that the President’s proposal leverages market-driven techniques to minimize the economic impact of achieving necessary environmental results,” stated Frank Cassidy, President & COO, PSEG Power.
“PSEG is a member of The Clean Energy Group which has proposed mandatory, nationwide emissions caps for emissions from fossil power plants including these pollutants; established dates certain for producing the necessary emissions reductions; implementation of the program through flexible, market-based mechanisms such as emissions banking and trading and credit for early reductions; and streamlining of the U.S. Environmental Protection Agency’s (EPA) New Source Review Process,” said Cassidy.
PSEG Power LLC and PSE&G are subsidiaries of Public Service Enterprise Group Incorporated (NYSE: PEG – News), a diversified energy holding company.