U.S. Energy Company Targets 18% Cut in CO2 Emissions Rate

U.S. Energy Company Targets 18% Cut in CO2 Emissions Rate

Public Service Enterprise Group Incorporated has set a voluntary goal to cut its carbon dioxide emissions rate 18% from 2000 levels by Jan. 1, 2009. The target continues PSEG's participation in the U.S. Environmental Protection Agency's Climate Leaders program. The company joined Climate Leaders as a charter member in February 2002.

Stanley LaBruna, PSEG vice president of environmental health and safety, said that over the past two years, PSEG has been actively working to develop a well-documented corporate-wide greenhouse gas inventory while participating with EPA and other stakeholders to establish strong and verifiable accounting practices for greenhouse gas emissions reductions.

"Today we are ready to take the next step by committing to an aggressive emissions rate reduction target over the next five years. The target -- cutting the domestic CO2 emissions rate 18% -- will serve as a challenge for our company and a model for others in the industry."

PSEG is the parent company of PSEG Power, one of the nation's largest independent power producers, Public Service Electric and Gas Company, New Jersey's oldest and largest electric and gas distribution utility company, and PSEG Energy Holdings which owns and operates other non-utility businesses in the U.S. and overseas. The 18% CO2 emissions rate target covers PSEG Power's and PSEG Holdings' U.S. fossil-fueled electric generation operations.

LaBruna said the target will be achieved by adding new, clean, and efficient electric generating capacity, increasing use of lower-emission fuels, and retiring older, less efficient generating units.

This latest action continues PSEG's progressive approach to climate change issues that began more than 10 years ago when the company joined the federal government's Climate Challenge program with a commitment to stabilize CO2 emissions at 1990 levels by the year 2000. The emissions reductions were
achieved while the company generated almost two million more megawatthours of electricity in 2000 than it did in 1990.

In 2002, PSEG Power entered into a voluntary agreement with the N.J. Department of Environmental Protection to reduce the CO2 emissions intensity at its fossil-fueled generating stations in New Jersey 15% from 1990 levels by the end of 2005.

In addition to these commitments, PSEG is also taking other steps to reduce its greenhouse gas impact such as investing in carbon sequestration projects, reducing leaks of sulfur hexafluoride, a highly potent greenhouse gas used to insulate electric distribution equipment, and reducing natural gas leaks by replacing older pipelines in PSE&G's natural gas distribution system.

For more examples of companies making voluntary efforts to reduce their climate impact, visit GreenBizLeaders.com.