Public Service Enterprise Group Inc. (PSEG) is a diversified energy company based in the United States. The company was founded in 1985 and is headquartered in Newark, New Jersey. PSEG operates primarily in the electric and gas utility sectors, providing reliable and affordable energy to millions of customers. PSEG is listed on the New York Stock Exchange under the ticker symbol "PEG."
PSEG's main subsidiaries include Public Service Electric and Gas Company (PSE&G), which is one of the largest electric and gas distribution companies in the United States, and PSEG Power, which operates a fleet of power plants and is involved in wholesale energy markets.
PSE&G serves approximately 2.3 million electric customers and 1.8 million gas customers across New Jersey. The company is responsible for the distribution and transmission of electricity and natural gas, as well as maintaining the associated infrastructure. PSE&G focuses on delivering safe and reliable energy services to residential, commercial, and industrial customers.
PSEG Power is a major player in the energy generation sector, operating a diverse portfolio of power plants that include nuclear, coal, natural gas, and renewable energy facilities. The company's power plants have a combined capacity of several thousand megawatts, serving both PSE&G's customers and the wholesale market..
The company has been actively investing in renewable energy projects and reducing its carbon footprint. PSEG has set ambitious goals to reduce greenhouse gas emissions and transition to a more sustainable energy future. Through its initiatives, PSEG is contributing to the growth of clean energy sources and the reduction of environmental impact. PSEG also offers various programs and services to help customers reduce energy consumption, improve energy efficiency, and manage their energy costs effectively. These initiatives include incentives for energy-efficient equipment, home energy audits, and demand response programs.