PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED (NYSE:PEG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED (NYSE:PEG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On June23, 2017, Public Service Enterprise Group Incorporated
(PSEG) announced that Ralph LaRossa has been elected as President
and Chief Operating Officer of PSEG Power LLC (Power), effective
October2, 2017. As previously announced, William Levis will
retire from his position as President and Chief Operating Officer
of Power, which retirement will become effective at the end of
October1, 2017.

Mr.LaRossa, 54, has served as President and Chief Operating
Officer of Public Service Electric and Gas Company (PSEG) since
2006. He is the Chairman of the Board of PSEG Long Island LLC
(PSEG LI). Mr.LaRossa joined PSEG in 1985 as an associate
engineer and advanced through a variety of management positions
in the utilitys gas and electric operations. In connection with
Mr.LaRossas election as President and Chief Operating Officer of
Power, Mr.LaRossa was awarded a retention grant under PSEGs
Long-Term Incentive Plan (LTIP) of $3,000,000, payable in
February 2018, concurrent with PSEGs annual grant of awards under
the LTIP, in equal amounts of restricted stock units (RSUs) and
performance share units (PSUs). The award is subject to
Mr.LaRossas active employment at the time of the grant. The RSUs
and PSUs will vest in January 2021 and December 2020,
respectively, and are not subject to acceleration of vesting for
retirement eligibility, retirement, or voluntary termination.
There were no changes to Mr.LaRossas base salary, annual
incentive target or long-term incentive target.

Item8.01 Other Events.

Also on June23, 2017, PSEG announced the election of David M.
Daly to succeed Mr.LaRossa as President and Chief Operating
Officer of PSEG and Chairman of the Board of PSEG LI, effective
October2, 2017. Daly, 55, was named President and Chief Operating
Officer of PSEG LI in October 2013 and has overseen the
transition to PSEG management of PSEG LI. Prior to his
appointment, Daly served as Vice President-Asset Management and
Centralized Services at PSEG. Initially hired at PSEG in 1983,
Daly has held a variety of positions in utility operations and
support services.

Item9.01 Financial Statements and
Exhibits
.

Exhibit99 Press Release dated June23, 2017


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to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized. The



PUBLIC SERVICE ENTERPRISE GROUP INC Exhibit
EX-99 2 d382547dex99.htm EX-99 EX-99 Exhibit 99     Investor News    NYSE: PEG For further information,…
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About PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED (NYSE:PEG)

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company with operations located in the Northeastern and Mid- Atlantic United States. The Company is engaged in the transmission and distribution of electricity and natural gas. The Company’s business consists of two segments, including Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power). The Company’s PSE&G is a public utility company, which is engaged in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. The Company’s Power is a multi-regional, wholesale energy supply company that integrates its generating asset operations and gas supply commitments with its wholesale energy, fuel supply and energy trading transacting functions. The Company’s other direct subsidiaries are PSEG Energy Holdings L.L.C. and PSEG Long Island LLC.