E. James Ferland
Chairman of the Board, President and Chief Executive Officer; Chairman of the Board and Chief Executive Officer of PSE&G, PSEG Energy Holdings, PSEG Power and PSEG Services.

Robert E. Busch
President and Chief Operating Officer of PSEG Services; Senior Vice President—Finance and Chief Financial Officer of PSE&G.

Frank Cassidy
President and Chief Operating Officer of PSEG Power.

Robert J. Dougherty, Jr.
President and Chief Operating Officer of PSEG Energy Holdings.

Alfred C. Koeppe
President and Chief Operating Officer of PSE&G.

Thomas M. O'Flynn
Executive Vice President and Chief Financial Officer; Executive Vice President — Finance of PSEG Services.

Patricia A. Rado
Vice President and Controller; Vice President and Controller of PSE&G, PSEG Power and PSEG Services.

R. Edwin Selover
Vice President and General Counsel; Senior Vice President and General Counsel of PSE&G and PSEG Services.

Ernest H. Drew has been a director since 1993. Was Chief Executive Officer of Industries and Technology Group, Westinghouse Electric Corporation, from July 1997 to December 1997. Was a member, Board of Management of Hoechst AG, Frankfurt, Germany, a manufacturer of pharmaceuticals, chemicals, fibers, film, specialties and advanced materials, from January 1995 to June 1997. Was Chairman of the Board and Chief Executive Officer of Hoechst Celanese Corporation of Somerville, New Jersey from May 1994 until January 1995, and was President and Chief Executive Officer from January 1988 to May 1994.

T.J. Dermot Dunphy has been a director since 1980. Has been Chairman, President and Chief Executive Officer of Kildare Enterprises, LLC, an equity investment and management firm, since March 2000. Was Chairman of Sealed Air Corporation, a Saddle Brook, New Jersey manufacturer of protective packaging products and systems, from February 2000 to November 2000, and Chairman of the Board and Chief Executive Officer from November 1996 to February 2000. Was President of Sealed Air Corporation from 1971 to November 1996.

E. James Ferland has been a director since 1986. Has been Chairman of the Board, President and Chief Executive Officer of PSEG since July 1986; Chairman of the Board and Chief Executive Officer of PSE&G since September 1991; Chairman of the Board and Chief Executive Officer of PSEG Energy Holdings since June 1989; Chairman of the Board and Chief Executive Officer of PSEG Power since June 1999; and Chairman of the Board and Chief Executive Officer of PSEG Services since November 1999.

Albert R. Gamper, Jr. has been a director since December 2000. Has been President and Chief Executive Officer of The CIT Group, Inc. of Livingston, New Jersey, a commercial finance company, since February 2002. Was President and Chief Executive Officer of Tyco Capital Corporation from June 2001 to February 2002. Was Chairman of the Board, President and Chief Executive Officer of The CIT Group, Inc. from January 2000 to June 2001, and President and Chief Executive Officer of The CIT Group, Inc. from December 1989 to December 1999.

Raymond V. Gilmartin has been a director since 1993. Has been Chairman of the Board, President and Chief Executive Officer of Merck & Co., Inc. of Whitehouse Station, New Jersey, a global pharmaceutical firm that discovers, develops, manufactures and markets human and animal health products directly and through its joint ventures, since November 1994. Was President and Chief Executive Officer of Merck & Co., Inc. from June 1994 to November 1994. Was Chairman of the Board, President and Chief Executive Officer of Becton Dickinson and Company from November 1992 to June 1994.

Conrad K. Harper has been a director since May 1997. Has been a partner in the law firm of Simpson Thacher and Bartlett of New York City since October 1996, and from October 1974 to May 1993. Was Legal Adviser, U.S. Department of State, from May 1993 to June 1996.

William V. Hickey has been a director since October 2001. Has been President and Chief Executive Officer of Sealed Air Corporation, a Saddle Brook, New Jersey manufacturer of food, protective and specialty packaging materials and systems, since March 2000, and its President since 1996. Has served in management positions with increasing levels of responsibility with Sealed Air Corporation since joining the company in 1980.

Shirley Ann Jackson has been a director since June 2001. Has been President of Rensselaer Polytechnic Institute since July 1999. Was Chairman of the U.S. Nuclear Regulatory Commission from 1995 to 1999. Was Professor of Theoretical Physics at Rutgers University and concurrently served as a Consultant in semiconductor theory to the former AT&T Bell Laboratories from 1991 to 1995.

Marilyn M. Pfaltz has been a director since 1980. Has been a partner of P and R Associates of Summit, New Jersey, a communications firm, since 1968.

Richard J. Swift has been a director since 1994. Has been Chairman of the Financial Accounting Standards Board Advisory Council since January 2002. Was Chairman of the Board, President and Chief Executive Officer of Foster Wheeler Ltd., of Clinton, New Jersey, a firm providing design, engineering, construction, manufacturing, management, plant operations and environmental services, from April 1994 to October 2001.