Public Service Enterprise Group Names Shahid Malik as President of PSEG Energy Resources & Trade

NEWARK, N.J., Dec. 5, 2011 /PRNewswire/ -- Public Service Enterprise Group (PSEG) today announced the election of Shahid Malik as President of PSEG Energy Resources & Trade, effective December 5^th.

Malik was previously with Pittiglio, Rabin, Todd & McGrath (PRTM) in Pittsburgh, PA and was responsible for all aspects of growing the global energy practice, with a primary focus on the North American utility sector.  PRTM has been recognized internationally as one of the leading operational management consultancy businesses.  Malik also served on the Board of Directors of South Jersey Industries.

Prior to joining PRTM, Malik served as President and CEO of Strategic Energy, Great Plains Energy's unregulated retail marketing subsidiary and a provider of energy and services to business clients in North America.  He was accountable for the Company's strategy and operations and led a successful turnaround of the company, achieving significant growth in products and services while reducing costs. 

"Shahid has an excellent record of accomplishment and is well positioned to build on the talents and strengths of the existing organization here at PSEG," said William Levis, president of PSEG Power.  PSEG Energy Resources & Trade is a subsidiary of PSEG Power, and Malik will report to Levis.

Malik's responsibilities will include management of PSEG Power's generation portfolio and basic gas supply service, purchasing of fuel, mid- and back-office operations as well as trading and marketing activities.

Malik will replace Dan Cregg, who has led PSEG Energy Resources & Trade on an interim basis since May of 2011.  Cregg will resume his position as Vice President Power Finance. 

Public Service Enterprise Group (NYSE:PEG) is a publicly traded diversified energy company with annual revenues of more than $12 billion, and three principal subsidiaries: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Energy Holdings.

SOURCE Public Service Enterprise Group (PSEG)

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