gas emissions from all of its New Jersey-based fossil fuel plants by 2005. It is also backing through action its advocacy of tough, uniform emission standards for all U.S. power plants. In January 2002, PSEG announced a $300 million, 10-year program that will dramatically reduce emissions at its New Jersey coal-fired generating stations.

As with environmental protection, PSEG is building a safety culture that knows no borders. In South America, PSEG launched a new Safety Initiative in 2000 that brings together safety experts from PSE&G and PSEG Global's South American companies. The initiative has produced significant safety improvements for two consecutive years.

PSEG has long recognized that investing in the health and well being of the community makes good business sense. In New Jersey, PSEG targets its philanthropic support to programs that assist children and their families, and that foster economic development and a clean environment.

PSEG's employees are at the core of a longstanding tradition of volunteer community service actively encouraged by the company. This tradition has been evident in the aftermath of the terror attacks of September 11th, with many PSEG employees helping neighbors in their home towns and in New York. Dedication to improving the quality of life is an enduring commitment at PSEG.