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) May 26, 2016

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
Newark, New Jersey		07102
(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
(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))

The information contained in Item 7.01 Regulation FD Disclosure in this combined Form 8-K is separately furnished, as noted, by Public Service Enterprise Group Incorporated (PSEG) and PSEG Power LLC (Power). Information contained herein relating to any individual company is provided by such company on its own behalf and in connection with its respective Form 8-K. Power makes representations only as to itself and makes no other representations whatsoever as to any other company. The material furnished as Exhibit 99 is available on the pseg.com website under the investor tab, or at http://investor.pseg.com.

Item 7.01 Regulation FD Disclosure

PSEG and Power

On May 26, 2016, PSEG provided an updated slide in connection with previously furnished investor presentation materials reflecting Power’s results from the PJM capacity auction for planning year 2019/2020. A copy of the slide is furnished as Exhibit 99 to this Form 8-K.

Item 9.01 Financial Statements and Exhibits

Exhibit 99. Updated Capacity Auction Results slide

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: May 26, 2016

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.

PSEG POWER LLC
(Registrant)
By:	/s/ Stuart J. Black
	STUART J. BLACK
	Vice President and Controller
	(Principal Accounting Officer)

Date: May 26, 2016

4

EX-99

2020 Onwards RPM Auction Impacted By:

•  100% Capacity Performance           

•   Demand Response Rules

•   Change in Net CONE

•   Reduction in Load Forecast

•   Change in PJM Parameters

•   Environmental Retirement

Exhibit 99

Capacity Market Pricing

PJM’s RPM Auction Results

Delivery Year

2015/2016

2016/2017

2017/2018*+

2018/2019+

2019/2020

Power’s Average

Prices ($/MW-day)

$168

$172

$177

$215

$116

Rest of Pool Prices

$136

$59

$120

$165/$150

(CP/Base)

$100/$80

(CP/Base)

Power’s Cleared

Capacity (MW)

8,750

8,700

8,700

8,650

8,900

ISO New England’s Forward Capacity Market Auction Results

Delivery Year

2015/2016

2016/2017

2017/2018

2018/2019+

2019/2020

Power’s Average

Prices ($/MW-day)

$113

$104

$232

$315

$231

Power’s Cleared

Capacity (MW)

773

777

848

831

1,333

1

*PSEG POWER’S AVERAGE PRICES AND CLEARED CAPACITY (MW) REFLECT BASE AND INCREMENTAL AUCTIONS.

DELIVERY YEARS RUN FROM JUNE 1 TO MAY 31 OF THE NEXT CALENDAR YEAR.

+ INCLUDES CP TRANSITION AUCTION RESULTS FOR ‘16/’17 AND ‘17/’18 AS OF SEPTEMBER 10, 2015.