May 20, 2014
Public Service Enterprise Group Chairman, President and CEO Ralph Izzo issued the following statement regarding the U.S. Environmental Protection Agency issuing its final rule under Section 316(b) of the Clean Water Act:
'We have been pleased that the Environmental Protection Agency under Administrator McCarthy has engaged stakeholders to identify appropriate approaches to minimize adverse environmental impacts.
PSEG recognizes the enormous effort required of the EPA to develop a final rule that weighs the many factors related to this complex issue. We have not yet had a chance to review the rule in detail as it pertains to our facilities. But we appreciate the agency's technology based approach which considers each plant's individual circumstances rather than imposing a one-size-fits-all numeric standard.
PSEG has a longstanding commitment to environmentally responsible operations and we anticipate working with the EPA and state regulators in implementing the final 316(b) rule.'
Public Service Enterprise Group (NYSE:PEG) is a publicly traded diversified energy company with annual revenues of $10 billion. Its operating subsidiaries are: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Long Island.
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