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PSEG To Cut Carbon Emissions By 80% By 2046; Aims For Net-Zero By 2050

Public Service Enterprise Group Inc. or PSEG (PEG) Thursday announced that it plans to reduce its power fleet's carbon emissions by 80% by 2046, from 2005 levels. The decision is part of its its Powering Progress vision for the future.

The company also announced its vision of attaining net-zero carbon emissions by 2050 assuming advances in technology and public policy.

Supporting its carbon-reduction goals, PSEG also announced that it has no plans to build or acquire new fossil-fueled power plants.

PSEG will report annually on sustainability and climate using the Task Force on Climate-related Financial Disclosures or TCFD framework, starting in 2020.

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