Bracewell Represents PSEG Resources in the Sale of Its Stake In the Seminole General Station

January 5, 2006

NEW YORK (Jan. 5, 2006) – Bracewell & Giuliani LLP represented PSEG Resources in the $286 million sale of the company’s interest in the Seminole General Station Unit 2, located in Palatka, Florida to Seminole Electric Cooperative, Inc.

The sale of the 659 MW coal-fired unit resulted in an estimated $41 million after-tax gain for PSEG Resources, which is an indirect subsidiary of Public Service Enterprise Group (PSEG) and a direct subsidiary of PSEG Energy Holdings LLC.

Bracewell's attorney team included attorneys Tim Toy and Jay Sonnenberg, both based in the firm's New York office.