BNET Industries

Last Fiscal Year Sales:$7.7B
  • Private
  • US
Dow Jones Description

Electrici Power Distr

Chairman & CEO
Ralph Izzo
Number of Employees 2,538
Contact Information

80 Pk Plz T25

Newark, New Jersey 07102

(973) 430-7000

NAICS Code Nuclear Electric Power Generation: 221113

Recent Events

  • PSEG Announces 2009 Third Quarter Results $0.96 PER SHARE FROM CONTINUING OPERATIONS$0.92 PER SHARE OF...

    10/28/09 - Financial Announcement - View Story

  • PSEG Announces 2009 Second Quarter Results: $0.61 Per Share From Continuing Operations,...

    7/31/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Thomas M. O'Flynn Chief Financial Officer
Derek M. DiRisio Controller & Vice President
Francis X. Sullivan Vice President Â?? Fossil Operations
Frederick Pastor Vice President Â?? Construction
Harold W. Borden, JR. Vice President
Mark G Kahrer Vice President, Finance & Development
Frank Cassidy Director

Board of Directors

Name (plus bio) Position
Ralph Izzo Chairman & CEO
Elbert C. Simpson Board of Directors
Kevin J. Quinn Board of Directors
R. Edwin Selover Board of Directors
Richard P. Lopriore Board of Directors
Stephen C. Byrd Board of Directors
William Levis Board of Directors

Organization Position Status
PSEG Power LLC Chairman & CEO Current
PSEG Power LLC Board of Directors Current

Thomas M. O'Flynn was named executive vice president and chief financial officer for Public Service Enterprise Group Incorporated (PSEG), in July 2001. He is also the chief financial officer of Public Service Electric and Gas Company (PSE&G), PSEG Power (Power), and PSEG Energy Holdings (Holdings). Mr. O'Flynn had been president and chief operating officer of Holdings, overseeing the operations of its two main subsidiaries: PSEG Global and PSEG Resources. Mr. O'Flynn is responsible for all financial functions as well as planning, strategy and development across PSEG, PSE&G and Power. Mr. O'Flynn came to PSEG with 15 years of experience at Morgan Stanley, where he specialized in corporate finance for electric and gas utility and power clients. As a managing director in Morgan Stanley's global power and utility group and head of the North American region, he worked with major energy companies on many strategic advisory and financing transactions; including mergers and acquisitions, IPO offerings and capital raising assignments. Also, while at Morgan Stanley he served as a financial advisor to PSEG, prior to becoming the managing director of Morgan Stanley's global power and utility group. Mr. O'Flynn holds a degree from Northwestern University in economics and a Master of Business Administration degree from the University of Chicago. He currently serves as the chairman of the finance executive advisory committee of the Edison Electric Institute (EEI) and also serves on the board of directors for Nuclear Electric Insurance Limited (NEIL), the New Jersey Performing Arts Center (NJPAC) and The Newark Museum.

Organization Position Status
PSEG Power LLC Chief Financial Officer Current
PSEG Energy Holdings LLC Chief Financial Officer Current
Public Service Enterprise Group Incorporated Executive Vice President Current
Public Service Electric & Gas Co. Executive Vice President Current
Edison Electric Institute Chairman Current
PSEG Power LLC Board of Directors Current
Public Service Enterprise Group Incorporated Chief Financial Officer Former
PSEG Energy Holdings LLC Executive Vice President & Manager Former
Morgan Stanley managing director Former
PSEG Energy Holdings LLC Board of Directors Former
University of Chicago Master of Business Administration degree Former
Northwestern University Degree Former
Environmental Enterprises Inc. member Former

Organization Position Status
PSEG Power LLC Controller & Vice President Current

Organization Position Status
PSEG Power LLC Vice President Â?? Fossil Operations Current
PSEG Power LLC Director, Asset Operations Former
Drexel University Master of Business Administration Degree Former
Union College Bachelor’S Degree In Electrical Engineering Former

Organization Position Status
PSEG Power LLC Vice President Â?? Construction Current
University of New Haven Member Current
American Society Of Mechanical Engineers Member Current
Stone & Webster, Inc. President Former
Stone & Webster, Inc. Director, Construction Power Projects Former
Stone & Webster, Inc. N, A Former
Lowell Technological Institute Bachelor’S Degree In Mechanical Engineering Former

Organization Position Status
Public Service Enterprise Group Incorporated Vice President and General Counsel (Power) Current
PSEG Power LLC Vice President Current
The Nature Conservancy Board of Directors Current
PSEG Power LLC General Counsel Former
Seton Hall University doctor of jurisprudence degree Former
Seton Hall University School of Law Doctor of Jurisprudence Degree Former
Lafayette College Bachelor's Degree Former

Organization Position Status
PSEG Power LLC Vice President, Finance & Development Current
Saint Peter's College Regent Current
Seton Hall University MBA In Finance Former
Saint Peter's College Bachelor of Science Degree In Accounting Former

Organization Position Status
PSEG Power LLC Board of Directors Current

Frank Cassidy became president and chief operating officer of PSEG Power (Power), effective June 1999. Prior to his appointment to Power he was president and chief executive officer of PSEG Energy Technologies, effective January 1997. He had been senior vice president - fossil generation of Public Service Electric and Gas Company (PSE&G) since February 1995, and vice president - transmission systems since November 1989. Mr. Cassidy joined PSE&G in 1969 and has held various posts of increasing responsibility. He served as general manager - corporate performance, and then as general manager - transmission before his election to vice president. Mr. Cassidy has served as PSE&G's representative on the Pennsylvania-New Jersey- Maryland Interconnection's Management Committee, and Mid-Atlantic Area Council. He has testified frequently before the New Jersey Board of Public Utilities, the Federal Energy Regulatory Commission, and the United States Senate. Mr. Cassidy graduated from the New Jersey Institute of Technology with a bachelor's degree in electrical engineering, and holds a Master of Business Administration degree from Rutgers University. In 1988 he completed the Harvard Graduate School of Business Administration's Program for Management Development. Mr. Cassidy serves on the United States Environmental Protection Agency's Clean Air Act Advisory Committee, and on the boards of the Northeast States Center for A Clean Air Future, the Association of Edison Illuminating Companies, and the Electric Power Supply Association.

Organization Position Status
Public Service Enterprise Group Incorporated President and Chief Operating Officer (Power) Current
PSEG Energy Holdings LLC Manager Current
Calpine Corporation Chair Current
PSEG Power LLC Director Current
PSEG Energy Holdings LLC Board of Directors Current
PSEG Power LLC President Former
PSEG Power LLC Coo Former
Public Service Enterprise Group Incorporated Representative Former
Rutgers University Master of Business Administration Degree Former
New Jersey Institute of Technology Bachelor's Degree In Electrical Engineering Former
New Jersey & Company Former
Pse Co Former
Federal Energy Regulatory Commission Former
Rutgers University Master of Business Administration degree Former
New Jersey Institute of Technology bachelor's degree in electrical engineering Former
New Jersey Institute of Technology Degree Former

Organization Position Status
PSEG Power LLC Board of Directors Current

Organization Position Status
PSEG Power LLC Board of Directors Current

Organization Position Status
PSEG Power LLC Board of Directors Current

Organization Position Status
PSEG Power LLC Board of Directors Current

William Levis was elected president and chief operating officer of PSEG Power (Power), effective June 2007. He had been president and chief nuclear officer of PSEG Nuclear (Nuclear) since January 2007, while retaining his position as Power's president and COO. Power is a major unregulated independent power producer in the U.S. with three main subsidiaries: PSEG Fossil, PSEG Nuclear, and PSEG Energy Resources and Trade. Previously, Mr. Levis was also senior vice president and chief nuclear officer, as part of the Nuclear Operating Services Agreement between PSEG and Exelon Corporation. Under his leadership Nuclear's Salem and Hope Creek stations have advanced to the highest performance levels in the stations' history. Improvement in the stations' work environment has resulted in the closing of two long standing NRC cross-cutting issues - problem identification and resolution, and safety conscious work environment. Additionally, in 2006 the stations generated more electricity than ever in their history and achieved site records for longest continuous single unit run and shortest refueling outage. Mr. Levis has more than 25 years of diversified experience in the nuclear power industry. Before coming to PSEG he was Exelon Nuclear's vice president - Mid-Atlantic operations, where he provided executive oversight of day-to-day operations of the Limerick, Peach Bottom, Three Mile Island and Oyster Creek Stations. He joined Exelon as the Byron Station Manager in 1998 and was promoted to site vice president the following year. In 2001 he was named site vice president at Limerick Generating Station. While under Mr. Levis' leadership Byron also made significant overall improvements. The site established new records for total annual megawatt production, and set station duration efficiency records in each of three consecutive refueling outages. Mr. Levis continued his success at Limerick. Following his arrival, Unit 2 completed its sixth refueling outage in 16 days, 8 hours - making it the most efficient outage of any domestic or foreign G.E. boiling water reactor. Prior to joining Exelon Mr. Levis worked at Ontario Hydro's Pickering Plant and held several positions over a five-year period with Carolina Power & Light's Brunswick facility. During this time the station was removed from the NRC Watch List and set new records in the areas of safety, production and cost. Mr. Levis' background also includes experience with NRC, Westec Services, General Electric Nuclear Services and the U.S. Navy. He has a Bachelor of Science degree in marine engineering from the U.S. Naval Academy and holds an SRO (senior reactor operator) certification. Mr. Levis retired as a commander in the Naval Reserves and attained his professional engineer license in 1985.

Organization Position Status
Public Service Enterprise Group Incorporated President and Chief Operating Officer (Power) Current
Public Service Enterprise Group Incorporated Board of Directors Current
PSEG Power LLC Board of Directors Current
PSEG Power LLC President Former
Three Mile Island President, Mid-Atlantic Operations Former
PSEG Power LLC Chief Operating Officer Former
Exelon Corporation Byron Station Manager Former
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