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PSEG is a leading public utility holding company focused on regulated electric and gas services and sustainable energy initiatives.
PSEG (Public Service Enterprise Group) is a public utility holding company primarily focused on regulated electric and gas utility operations through its subsidiaries, PSE&G and PSEG Power LLC. Founded in 1985 and headquartered in Newark, New Jersey, PSEG operates principally in the Mid-Atlantic region, delivering electricity and natural gas services to millions of customers. PSEG's business model emphasizes operational excellence and financial strength, with significant investments in regulated projects, including solar energy initiatives and energy efficiency programs. The sale of their fossil fuel generation portfolio exemplifies their transition toward cleaner energy, further positioning PSEG as a leader in sustainable utility services.
PSE&G is dedicated to the distribution of electric and gas services across New Jersey, leveraging regulated tariffs to secure revenue while providing last-resort services. PSEG Power, on the other hand, focuses on nuclear energy generation and marketing of natural gas. Collectively, these subsidiaries are strategically aligned to support PSEG's ongoing initiatives for modernizing infrastructure, investing in clean energy, and enhancing grid reliability as part of New Jersey’s vision for a transition to a cleaner energy future while maintaining fiscal resilience.
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