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PSEG Awards $1 Million Grant to Montclair State University PSEG Institute for Sustainability Studies

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SOURCE PSEG Foundation

Award to Drive New Initiatives in Sustainability for New Jersey

MONTCLAIR, N.J., June 2, 2014 /PRNewswire/ -- The PSEG Foundation has awarded a $1 million grant to Montclair State University's PSEG Institute for Sustainability Studies to support future research activities and collaborative educational programs that are directed at fostering a sustainable and resilient New Jersey.

Public Service Enterprise Group (PEG) is a publicly traded diversified energy company with annual revenues of $10 billion. Its operating subsidiaries are: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Long Island. For more information visit www.pseg.com

The three-year award will support the PSEG Institute for Sustainability Studies in pursuing leading-edge research that cuts across academic disciplines to address current sustainability issues. It will also fund an array of environmental education and outreach programs for the larger community.

"The mutual benefits to be generated from a robust Institute for Sustainability Studies will complement the strategic focus of both Montclair State and PSEG," says Montclair State University President Susan A. Cole. "With this award, the Institute will be able to become an even greater agent for positive environmental change in New Jersey and beyond."

"We are happy to continue to support the PSEG Institute for Sustainability Studies as they continue to provide resources for students and academics who are increasingly broadening their knowledge of the relationship between the environment, businesses and economy, and social equality," said Ellen Lambert, President of the PSEG Foundation.

"This award will help move the PSEG Institute for Sustainability Studies into a key position to better advocate on behalf of sustainability practices," says College of Science and Mathematics Dean Robert Prezant.

According to Prezant, "The Institute will work with our government, industry, community and academic partners to create a more resilient and environmentally healthy New Jersey in the midst of a rapidly changing global environment."

Established in 2009, the PSEG Institute for Sustainability Studies has been dedicated to achieving a better understanding of how New Jersey can work to balance a clean environment with economic growth and social justice.

Collaborative partnerships with Montclair State University's Passaic River Institute, its Center for Environmental Management and Analysis and its doctoral program in Environmental Management support the Institute's mission as a center for innovation in sustainability and environmental management.

Montclair State University
Building on a distinguished 106-year history, Montclair State University is proud to be a leading institution of higher education in New Jersey. The University's six colleges and schools serve more than 19,500 undergraduate and graduate students in 300 majors, minors, concentrations and certificate programs. Situated on a beautiful, 250-acre suburban campus just 14 miles from New York City, Montclair State combines the instructional and research resources of a large public university in a dynamic, sophisticated and diverse academic environment.

About the PSEG Foundation
The PSEG Foundation (501c3) is the philanthropic arm of Public Service Enterprise Group (NYSE:PEG). The Foundation generally supports and invests in programs in three areas: community and the environment, education and safety. The Foundation provides grants to organizations in communities served by PSEG and its subsidiaries.

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