Standards of Conduct
PSEG's Standards of Conduct establish expectations of behaviorFor all directors, associates, contractors and consultants, these expectations apply to all relationships and activities with fellow associates, investors, customers, vendors, competitors, government agencies and officials, the media and all others who may associate our words and actions with PSEG.
Information on who to contact if an employee seeks to report concerns that arise with respect to the Standards of Conduct.
The Standards do not anticipate every compliance or ethics situation that could arise during the course of an employee’s work. In addition, certain business decisions are not cut and dried and may present employees with real dilemmas not clearly addressed in the Standards. Employees must have access to guidance from a knowledgeable person to help them understand the Standards, resolve compliance and ethics questions not be specifically addressed in the Standards, and report any compliance or ethics concerns.
Managers and supervisors are employees' first source for guidance and the appropriate initial channel for questions or reporting compliance or ethics concerns. Employees are encouraged to contact his or her manager or supervisor to discuss issues of interpretation or to report concerns with respect to compliance with the law or the Standards. Managers or supervisors should report alleged violations of the law or the Standards to PSEG's Ethics and Compliance Counsel. If discussion with a supervisor is impractical or uncomfortable, employees may contact:
PSEG employees may also contact the PSEG Integrity Line service by phone at 1-800-655-7269 or through a website at https://pseg.alertline.com. The Integrity Line is available 24x7x365. Contacts may be made anonymously at the election of the employee.
A waiver of any provision of the Standards will only be made in exceptional circumstances for substantial cause. Requests for waivers must be submitted to Tamara Linde, Executive Vice President and General Counsel, or Antonio Fernandez, Chief Compliance Officer, for review and resolution. All waivers will be reported to the PSEG Compliance Committee. In addition, in accordance with legal requirements, any waiver of a provision in the Standards for any Director or Executive Officer will be made by the Board of Directors or a Board Committee and will be disclosed to stockholders.
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