Exhibit 99
Forward-Looking Statements
GAAP Disclaimer
2019 PSEG Conference Agenda
A 116 year Newark-based business investing in critical energy infrastructure, providing safe and increasingly clean energy through two strong businesses
Business Mix – investment focus towards utility needs creates a more stable platform
PSEG Investment Platform – outlook increases capital allocation to the utility, addressing infrastructure needs, customer expectations and public policy
PSEG Investment Platform – sustainable over the long term
Climate Strategy – PSEG’s business strategy is climate-focused and aligned with public policy
Climate Strategy – Power’s fleet transformation is addressing climate change
Power Generation Fleet – transformed to be increasingly efficient and environmentally friendly
Customer Focus – Customer’s bills have declined, supporting needed investment in the system
Customer’s bills have declined in absolute terms and relative to customer’s income
Our PSEG focus – day in, day out
PSEG Value Proposition
PSEG realized many regulatory and policy priorities in 2018…
New Jersey is working to balance the interests of its stakeholders while advancing the state’s energy goals
NJ Clean Energy Act sets ambitious energy goals
NJ has advanced its clean energy agenda …
New Jersey realizes broad based benefits from preserving zero carbon nuclear generation …
The facts about NJ’s zero emission certificates …
PSEG advocating for competitive market reforms … process still moving slowly
PSEG is committed to excellence in corporate governance
PSEG Value Proposition
PSE&G
PSE&G’s distribution rate case reasonably concluded
PSE&G’s $11B - $16B investment program focused on reliability, grid modernization and clean energy
Gas Distribution Investments
Energy Strong II: Program Overview as Filed
Energy Strong II: Flood Mitigation Investments
Energy Strong II: Life Cycle Stations
Energy Strong II: Outside Plant Design Standards and Contingency Reconfiguration
Energy Strong II: Grid Modernization
Partnership for a Clean Energy Future (CEF)
CEF: Energy Efficiency Programs
CEF - EE Residential programs
CEF - EE C&I and pilot programs
CEF: Electric Vehicle and Energy Storage Programs
CEF: Energy Cloud Program
Operational Excellence: Safety & Reliability
Operational Excellence: Successfully managing O&M costs
Investments in technology are driving innovative solutions for customers and reducing costs
Customer’s bills will remain in line with inflation, even with inclusion of our active and proposed programs …
PSE&G’s 2019 Net Income benefits from a full year of rate relief and return on investment programs
PSEG LONG ISLAND
PSEG Long Island: Focused on improving customer service and reliability while managing costs
PSEG Long Island continues to drive improvement in performance metrics
Customer Satisfaction: Most improved utility in the U.S.
PSEG Long Island experience brings multiple opportunities
PSE&G Value Proposition
PSEG POWER
Power’s generating assets mainly located in three competitive markets
Sewaren 7 and Keys Energy Center transforming Power into a cleaner, more efficient fleet
Bridgeport Harbor 5 CCGT nearing completion for mid-2019 addition to ISO-NE
Power’s three NJ nuclear plants recently awarded Zero Emission Certificates to help support NJ’s primary supply of zero-carbon electricity
ZECs enable New Jersey to maintain fuel diversity and prevents a rise in harmful air emissions
Power’s Solar Source portfolio adds to our clean, zero carbon generating fleet
NJ Offshore Wind Opportunity – Power has an option to invest in Ørsted’s Ocean Wind Project
Power’s fleet is well-located with access to shale gas production
Power has successfully controlled O&M and continues to drive cost efficiencies to optimize free cash flows
Power’s free cash flow is increasing as O&M is controlled and new CCGTs are completed
Power’s 2019 non-GAAP Operating Earnings
PSEG Power Value Proposition
PSEG FINANCIAL REVIEW & OUTLOOK
Continued strong financial position driven by stable earnings and cash profile
Growth in utility infrastructure investment is expected to drive 4% increase in 2019 non-GAAP Operating Earnings
PSE&G’s capital investment is balanced between T&D spending with clause recoveries
Strong PSE&G cash from operations is complemented by meaningful free cash flow from Power
We have deployed debt capacity to grow our regulated business
Solid credit metrics support additional debt capacity
PSEG deploys capital consistent with its longstanding commitment to sustainability and environmental stewardship
Strategic focus continues to deliver solid results
PSEG Value Proposition
PSEG Meeting Takeaways
PSEG APPENDIX
PSEG’s longer-term outlook is influenced by investment at PSE&G and Power’s hedge position
2019 PSEG EXECUTIVE PROFILES
Reconciliation of Non-GAAP Operating Earnings
