Page 7 - MCCC Annual Meeting 2021 Program 2

THANK YOU TO OUR PLATINUM SPONSOR

PSE&G has been Providing NJ Customers with Safe, Reliable

Energy Since 1903.

The Public Service Corporation was formed in 1903, by amalgamating more than 400 gas, electric
and transportation companies in New Jersey. Thomas McCarter was named the Corporation's first
president and held the position until 1939.

Internally, Public Service consolidated its gas and electric interests into Public Service Electric and
Gas, and its transportation interests into Public Service Coordinated Transport (later Transport of
New Jersey). Concerns about the concentration of economic power resulted in federal and state
actions requiring the breakup of utilities. In 1943, Public Service once again became a stand-alone
company, and was renamed Public Service Electric and Gas Company (PSE&G) in 1948.

Much has changed since Public Service Corp. was founded in 1903, but many things have
remained constant: their steadfast commitment to shareholders, employees and customers and to
the communities they serve in New Jersey and now Long Island. Tens of thousands of employees,
past and present, have built a company that is well-positioned for their next century of public
service.

Learn more at nj.pseg.com

MCCC+EDC  100th Annual Meeting “The Sky is Not the Limit”  Jan 28, 2021