Public Service Electric and Gas Company ("PSE&G") is one of the largest combined electric and gas companies in the United States, and is also New Jersey's oldest and largest publicly owned utility. The Public Service Corporation was formed in 1903 by amalgamating more than 400 gas, electric and transportation companies in New Jersey. It was renamed Public Service Electric and Gas Company in 1948. PSE&G currently serves nearly three quarters of the state's population in a service area consisting of a 2,600-square-mile diagonal corridor across the state from Bergen to Gloucester Counties. PSE&G is the largest provider of electric and gas service in New Jersey, with over 1.7 million gas and 2.1 million electric customers in more than 300 urban, suburban and rural communities, including New Jersey's six largest cities.

Jersey Central Power & Light Company ("JCP&L") is headquartered in Morristown, New Jersey and provides electric service to one million residential and business customers within 3,200 square miles of northern and central New Jersey. JCP&L is a member of the FirstEnergy family of companies.

FirstEnergy Corp. is a diversified energy company headquartered in Akron, Ohio having annual revenues of approximately $11.5 billion. Its subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, as well as energy management and other energy-related services. Its seven electric utility operating companies - Ohio Edison, The Cleveland Electric Illuminating Company, Toledo Edison, Metropolitan Edison, Pennsylvania Electric, Pennsylvania Power, and Jersey Central Power & Light - comprise the nation's fifth largest investor-owned electric system, serving 4.5 million customers within 36,100 square miles of Ohio, Pennsylvania and New Jersey; and its generation subsidiaries control more than 14,000 megawatts of capacity.

Atlantic City Electric ("ACE"), a subsidiary of Pepco Holdings, Inc. (NYSE: POM), is a regulated utility that provides electric service to more than 500,000 customers in southern New Jersey. ACE previously operated under the brand name Conectiv Power Delivery. For more information on ACE, please consult the web site at the address given above.

Rockland Electric Company ("RECO") is a public utility authorized by the Board of Public Utilities to provide electric service within the northern parts of Bergen and Passaic Counties and small areas in the northeastern and northwestern parts of Sussex County, New Jersey. RECO has offices at 82 East Allendale Road, Suite 8, Saddle River, NJ 07458. RECO provides electric service to approximately 72,000 customers.

RECO is a wholly owned subsidiary of Orange and Rockland Utilities, Inc. ("Orange and Rockland"), an electric and gas utility headquartered in Pearl River, NY. RECO, along with Orange and Rockland, and Orange and Rockland's Pennsylvania subsidiary, Pike County Light & Power Company, operate a fully integrated electric system serving parts of New Jersey, New York, and Pennsylvania.

In March 2002, RECO transferred approximately 400 MW of load, which represents approximately 90% of RECO's total peak load, to the PJM control area. Only that portion of RECO's load transferred to PJM will be included in the BGS Auctions. The remainder of RECO's load is located in the New York Control Area administered by the New York Independent System Operator (NYISO) and will not be included in the BGS Auctions.

The New Jersey Board of Public Utilities Division of Energy is responsible for traditional regulatory responsibilities associated with the natural gas and electric industries, in addition to the evolutionary facets of rates unbundling, deregulation and retail competition. With the enactment of the Electric Discount and Energy Competition Act of 1999 ("EDECA"), the Division's responsibilities have significantly increased and changed as it fosters full electric and natural gas retail competition in New Jersey.