PEG » Topics » Cash flow projection

This excerpt taken from the PEG 8-K filed May 28, 2008.

Cash flow projection

During Q1 2008, cash from operations improved by approximately  
$100 million over the same period last year.  Excluding changes in
working capital, cash from operations is approximately $140 million
higher than the first quarter of 2007.

PSEG expects that it could have up to $3 billion of cash available
through the end of 2011 to pursue disciplined growth of its
businesses or to repurchase common stock.

Our forecast of cash available over 2008-2011 assumed some
financing costs associated with meeting potential tax claims related
to Holdings’ leveraged lease investments.

Our ultimate liability could exceed our forecast and may be met  
sooner than anticipated.  However, management believes that the
impact of any financing activity would have a manageable impact
on its key credit metrics.


This excerpt taken from the PEG 8-K filed May 6, 2008.

Cash flow projection

During Q1 2008, cash from operations improved by approximately
$100 million over the same period last year.  Excluding changes in
working capital, cash from operations is approximately $140
million higher than the first quarter of 2007.

PSEG expects that it could have up to $3 billion of cash available
through the end of 2011 to pursue disciplined growth of its
businesses or to repurchase common stock.

Our forecast of cash available over 2008-2011 assumed some
financing costs associated with meeting potential tax claims
related to Holdings’ leveraged lease investments.

Our ultimate liability could exceed our forecast and may be met
sooner than anticipated.  However, management believes that the
impact of any financing activity would have a manageable impact
on its key credit metrics.

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EXCERPTS ON THIS PAGE:

8-K
May 28, 2008
8-K
May 6, 2008
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