public serviceenterprise group 1Q 2007 Slides

This document provides a summary of PSEG's earnings conference call for the first quarter of 2007. Key highlights include: 1) PSEG reported operating earnings of $335 million or $1.32 per share for Q1 2007, an increase from $213 million or $0.85 per share in Q1 2006. 2) PSEG Power delivered strong results driven by the roll-off of below-market contracts and sustained top quartile nuclear performance. 3) PSE&G saw earnings growth from rate relief received in late 2006 and more normal weather compared to unusually warm conditions in 2006. 4) Cash flow and liquidity remain strong, allowing PSEG to reduce parent debt levels