NEWARK, N.J., Sept. 20, 2013 /PRNewswire/ -- "In June President Obama announced a broad plan to combat climate change in the absence of action by the legislative branch. This plan outlined a multi-step process to promulgate regulations to address the emission of greenhouse gases from electric power plants."
"While we would have preferred that Congress enact legislation limiting greenhouse gas emissions, today's action by EPA takes an important first step in establishing standards for new electric power plants that will provide certainty for the industry and the framework for Agency action on existing plants."
"As the process moves ahead we will provide feedback to EPA on the proposed regulations and look forward to working with the Agency to evaluate and inform the development of cost effective regulations for existing plants that build on efforts already taken across the nation to reduce greenhouse gas emissions."
Public Service Enterprise Group (NYSE: PEG) is a publicly traded diversified energy company with annual revenues of more than $10 billion, and three principal subsidiaries: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Energy Holdings. For more information, visit www.pseg.com.
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SOURCE Public Service Enterprise Group (PSEG)