PSEG Power: Understanding Capacity Prices

$5

$15

$25

$35

$45

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

0%

5%

10%

15%

20%

25%

30%

*PSEG Estimates

PJM Price $/kW-year

Reserve Margin %

Estimated Reserve Margin

?

Estimated* Capacity Prices

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