Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.
Public Service Electric & Gas Company (PSE&G), PSEG’s principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization. PSE&G also supports the development of renewable energy and other clean-energy initiatives in the state.
PSEG Power, another major subsidiary, owns and operates power-generation facilities serving wholesale electricity markets, including nuclear and fossil-fuel generating assets as well as renewable energy resources. The company’s generation operations primarily support customers and markets in the northeastern United States, while its regulated utility business is concentrated in New Jersey.
PSEG traces its history to the formation of PSE&G in 1903 and has evolved into one of the largest energy companies based in New Jersey. Ralph A. LaRossa serves as PSEG’s president and chief executive officer and is also associated with the leadership of its principal utility subsidiary.
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