PSEG's asset
PSEG

@pseg.com

Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company with three principal subsidiaries: PSEG Power, PSEG Energy Holdings, and Public Service Electric & Gas (PSE&G), the largest utility in New Jersey.

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About

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PSEG (Public Service Enterprise Group) is a leading energy company in the United States, providing essential energy services to millions of customers. Founded in 1903, the company has a long-standing history in the energy sector and has grown to become a renowned player in the industry. PSEG is headquartered in Newark, New Jersey.


Its headquarters, known as the PSEG Corporate Campus, is a state-of-the-art facility that houses the company's executive offices and various divisions. The campus spans over 26 acres and is LEED Gold certified, reflecting PSEG's commitment to sustainability. As an energy company, PSEG offers a range of products and services.


It primarily generates, transmits, and distributes electricity and natural gas. The company operates through two main segments: PSE&G (Public Service Electric and Gas) and PSEG Power. PSE&G is the regulated utility subsidiary of PSEG, providing electricity and gas services to approximately 2.


3 million customers in New Jersey. The company focuses on delivering safe, reliable, and affordable energy to its customers, while also investing in infrastructure modernization and clean energy initiatives. PSEG Power is a wholesale power generation subsidiary of PSEG.


It operates a diversified fleet of power plants across multiple states in the U. S. PSEG Power's plants utilize various fuel sources, including nuclear, natural gas, and solar energy, providing electricity to energy markets in the region.


PSEG has had several noteworthy partnerships and subsidiaries. For instance, it operates the Salem and Hope Creek nuclear generating stations in partnership with Exelon. Additionally, PSEG has formed joint ventures and partnerships to explore renewable energy projects, such as the Ocean Wind project off the coast of New Jersey.


In terms of market position, PSEG is a significant player in the American energy industry. It consistently ranks among the largest energy companies in the U. S.


PSEG's competitive position is further strengthened by its commitment to clean energy and sustainability. Over the years, PSEG has achieved various milestones and witnessed significant changes. Notably, the company has been at the forefront of advancing clean and renewable energy.


It has invested in solar energy projects and has been recognized for its environmental initiatives and commitments to reducing greenhouse gas emissions. Currently, PSEG continues to focus on its growth strategies in clean energy and modernizing its infrastructure. The company aims to deliver reliable, clean, and affordable energy solutions to its customers while ensuring its operations align with sustainability goals and the evolving needs of the energy market.


In conclusion, PSEG is a prominent energy company in the U. S., providing electricity and natural gas services through its subsidiaries PSE&G and PSEG Power. With a strong market position and a commitment to clean energy, the company is well-positioned for continued growth and success in the energy sector

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Company Type

Public Company

Company Size

10,001+

Year Founded

1903

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