1. Investor News NYSE:PEG
For further information, contact:
Kathleen A. Lally, Vice President – Investor Relations Phone: 973-430-6565
Greg McLaughlin, Sr. Investor Relations Analyst Phone: 973-430-6568
Yaeni Kim, Sr. Investor Relations Analyst Phone: 973-430-6596
PSEG GLOBAL SELLS OWNERSHIP IN BIOENERGIE,
ITALIAN BIOMASS GENERATION COMPANY
(November 13, 2008 - Newark, NJ) - PSEG Global today announced that it has sold its
majority ownership (85 percent) share in Bioenergie, an Italian biomass generation company
to Emmevu Green S.R.L., an affiliate of its partner, for approximately 30 million euros ($40
million). Bioenergie owns a 20-megawatt plant in Bando d’Argenta and 50 percent of a 40-
megawatt plant in Stongoli and 20-megawatt plant in Crotone. PSEG’s 85% interest in
Bioenergie equaled a 43 mw equity interest in these plants. After realization of tax benefits,
the sale will produce after-tax cash to PSEG of approximately $70 million.
PSEG Global has two remaining international investments, a 20 percent ownership stake in a
330-megawatt power plant in India and a 50 percent stake in two 30-megawatt power plants
in Venezuela. These assets have a total book value of around $50 million.
PSEG Global is a wholly-owned subsidiary of PSEG (NYSE: PEG), a diversified energy
company based in NJ.
Forward-Looking Statements
The statements contained in this communication about our and our subsidiaries’ future performance, including, without
limitation, future revenues, earnings, strategies, prospects and all other statements that are not purely historical, are forward-
looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995.
Although we believe that our expectations are based on reasonable assumptions, we can give no assurance they will be
achieved. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-
looking statements made herein. A discussion of some of these risks and uncertainties is contained in our Annual Report on
Form 10-K and subsequent reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission (SEC).
These documents address in further detail our business, industry issues and other factors that could cause actual results to
differ materially from those indicated in this communication. In addition, any forward-looking statements included herein
represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent
date. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to
do so, even if our estimates change, unless otherwise required by applicable securities laws.
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