Public Service Enterprise Group Inc. (NYSE: PEG) is a diversified energy company headquartered in Newark, New Jersey. Through its principal subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power, the company delivers regulated electric and gas distribution services alongside non-regulated power generation. PSEG’s operations include the transmission and distribution of electricity and natural gas to residential, commercial and industrial customers, as well as power generation facilities fueled by both conventional and zero-carbon energy sources.
PSE&G, one of New Jersey’s largest utilities, serves more than two million electric and more than one million gas customers. It is responsible for maintaining and modernizing an extensive network of substations, overhead lines, underground distribution systems and gas pipelines. PSEG Power operates a diversified fleet of generating stations—thermal, nuclear and renewable—across the Mid-Atlantic region. Its nuclear division manages one of the largest single-site, carbon-free power complexes in the United States.
Founded in 1903 as the Public Service Corporation of New Jersey, the company has evolved through mergers, regulatory changes and technological innovation to become a leader in the U.S. energy sector. While its primary footprint remains in New Jersey, PSEG also serves customers in Long Island through a contract with local authorities. The firm has continually invested in grid hardening, storm resilience and advanced metering infrastructure to improve reliability and customer service.
Under the leadership of Chairman and CEO Ralph Izzo, PSEG has pursued a strategic emphasis on sustainability, aiming to achieve significant greenhouse gas reductions while fostering renewable energy development. The company’s management team focuses on long-term capital investments, regulatory engagement and community partnerships to support New Jersey’s clean energy goals and enhance shareholder value through stable, regulated returns and growth in competitive markets.
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