0001193125-15-325983.txt : 20150923 0001193125-15-325983.hdr.sgml : 20150923 20150923084136 ACCESSION NUMBER: 0001193125-15-325983 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150923 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150923 DATE AS OF CHANGE: 20150923 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC SERVICE ELECTRIC & GAS CO CENTRAL INDEX KEY: 0000081033 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 221212800 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0717 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00973 FILM NUMBER: 151120348 BUSINESS ADDRESS: STREET 1: CORPORATE ACCOUNTING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 BUSINESS PHONE: 973-430-7000 MAIL ADDRESS: STREET 1: CORPORATE ACCOUTNING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC SERVICE ENTERPRISE GROUP INC CENTRAL INDEX KEY: 0000788784 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 222625848 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09120 FILM NUMBER: 151120346 BUSINESS ADDRESS: STREET 1: CORPORATE ACCOUNTING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 BUSINESS PHONE: 973-430-7000 MAIL ADDRESS: STREET 1: CORPORATE ACCOUNTING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PSEG POWER LLC CENTRAL INDEX KEY: 0001158659 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 223663480 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34232 FILM NUMBER: 151120347 BUSINESS ADDRESS: STREET 1: 80 PARK PLAZA T-9 CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9734307000 MAIL ADDRESS: STREET 1: 80 PARK PLAZA T-9 CITY: NEWARK STATE: NJ ZIP: 07102 8-K 1 d62582d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) September 23, 2015

 

 

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED

(Exact name of registrant as specified in its charter)

 

 

 

New Jersey   001-09120   22-2625848

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

80 Park Plaza, P.O. Box 1171

Newark, New Jersey 07101-1171

(Address of principal executive offices) (Zip Code)

973-430-7000

(Registrant’s telephone number, including area code)

http://www.pseg.com

 

 

PUBLIC SERVICE ELECTRIC AND GAS COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

New Jersey   001-00973   22-1212800

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

80 Park Plaza, P.O. Box 570

Newark, New Jersey 07101-0570

(Address of principal executive offices) (Zip Code)

973-430-7000

(Registrant’s telephone number, including area code)

http://www.pseg.com

 

 

PSEG POWER LLC

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-34232   22-3663480

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

80 Park Plaza

Newark, New Jersey 07102-4194

(Address of principal executive offices) (Zip Code)

973-430-7000

(Registrant’s telephone number, including area code)

http://www.pseg.com

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On September 23, 2015, Public Service Enterprise Group Incorporated (PSEG) issued a press release, attached to this Form 8-K as Exhibit 99, announcing the election of Daniel J. Cregg as Executive Vice President and Chief Financial Officer of PSEG, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power), effective October 8, 2015. On July 24, 2015, PSEG announced that Caroline Dorsa had notified PSEG of her intention to retire from her positions as Executive Vice President and Chief Financial Officer (including as Principal Financial Officer) of PSEG, PSE&G and Power, and she will leave PSEG effective October 8, 2015.

Mr. Cregg, age 51, has been serving as Vice President – Finance for PSE&G since June 2013 and previously served as Vice President – Finance for Power since December 2006. Under the terms of Mr. Cregg’s at will employment as Executive Vice President and Chief Financial Officer, he will receive a base salary of $520,000 and a target annual incentive under PSEG’s Management Incentive Compensation Plan of 75%. Mr. Cregg will continue to participate in PSEG’s Amended and Restated 2004 Long-Term Incentive plan.

Item 9.01 Financial Statements and Exhibits

 

Exhibit 99    Press Release dated September 23, 2015

 

2


SIGNATURE

Pursuant 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 signature of the undersigned company shall be deemed to relate only to matters having reference to such company and any subsidiaries thereof.

 

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
(Registrant)
By:  

/s/ Stuart J. Black

  STUART J. BLACK
  Vice President and Controller
  (Principal Accounting Officer)

Date: September 23, 2015

 

3


SIGNATURE

Pursuant 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 signature of the undersigned company shall be deemed to relate only to matters having reference to such company and any subsidiaries thereof.

 

PUBLIC SERVICE ELECTRIC AND GAS COMPANY
(Registrant)
By:  

/s/ Stuart J. Black

  STUART J. BLACK
  Vice President and Controller
  (Principal Accounting Officer)

Date: September 23, 2015

 

4


SIGNATURE

Pursuant 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 signature of the undersigned company shall be deemed to relate only to matters having reference to such company and any subsidiaries thereof.

 

PSEG POWER LLC
(Registrant)
By:  

/s/ Stuart J. Black

  STUART J. BLACK
  Vice President and Controller
  (Principal Accounting Officer)

Date: September 23, 2015

 

5

EX-99 2 d62582dex99.htm EX-99 EX-99

Exhibit 99

 

Media Relations   

Public Service Enterprise Group

80 Park Plaza, T6

Newark, NJ 07102

   LOGO

 

FOR IMMEDIATE RELEASE

September 23, 2015

   CONTACT:   

Mike Jennings

973-430-6406

Michael.Jennings@pseg.com

PSEG NAMES COMPANY VETERAN DAN CREGG AS

EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

As previously announced, current CFO, Caroline Dorsa retires early October.

(Newark, N.J. — September 23, 2015) – PSEG announced today that Daniel J. Cregg, currently vice-president of finance for PSE&G, was elected by the Board of Directors to be Executive Vice President and Chief Financial Officer for the company effective October 8. He succeeds current CFO, Caroline Dorsa whose previously announced retirement will be effective at that time.

During his 24-year career at PSEG, Cregg has held the senior financial position at both PSE&G, New Jersey’s largest gas and electric utility, and PSEG Power, a major independent power producer.

“Dan brings a deep understanding of the financial and business needs of our two main subsidiaries,” said Ralph Izzo, president, chairman and CEO, PSEG. “His in-depth knowledge of these businesses and our industry will enable him to effectively and seamlessly fill the role of CFO from day one. I look forward to working with him in his new position.”

Cregg joined PSEG in 1991 and has held a variety of financial positions. In 2006, he was named vice president – finance for PSEG Power with critical responsibilities in Power’s development and strategic planning activities. He was named vice president - finance for PSE&G in 2013. Prior to joining PSEG, Cregg spent five years with the accounting and consulting firm of Deloitte and Touche, providing consulting services to a wide range of clients with an emphasis on the energy industry.

“It has been a tremendous opportunity to work at PSEG for 24 years and be a part of the progress we have made. I’m extremely pleased to have the opportunity to work with this leadership team to continue to serve customers and shareholders of PSEG as a leading supplier of reliable, clean and economical energy,” Cregg said.

Cregg holds a Master of Business Administration degree from the Wharton School of the University of Pennsylvania and is a graduate of Lehigh University, where he received a bachelor’s degree in accounting. He lives in Robbinsville, New Jersey.

###

Public Service Enterprise Group (NYSE: PEG) is a publicly traded diversified energy company with annual revenues of approximately $11 billion. Its operating subsidiaries are: Public Service Electric and Gas Company (PSE&G), PSEG Power, and PSEG Long Island.

Visit PSEG at:

www.pseg.com

PSEG on Facebook

PSEG on Twitter

PSEG on LinkedIn

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