Public Service Enterprise Group Incorporated PEG

PEG Company Overview

Public Service Enterprise Group Incorporated (PSEG) is a diversified energy company headquartered in Newark, New Jersey, primarily operating through regulated electric and gas utility services and power generation support activities in the United States. The company operates mainly in the utility and energy infrastructure sectors, with its core operations centered on electricity transmission and distribution, natural gas distribution, and clean energy investments. PSEG’s principal revenue driver is its regulated utility subsidiary, Public Service Electric and Gas Company (PSE&G), which serves residential, commercial, and industrial customers across New Jersey. The company has increasingly focused on regulated infrastructure investment and decarbonization-related initiatives following the divestiture of much of its merchant generation business.

PSEG traces its origins to 1903 through predecessor utility operations in New Jersey and evolved into a publicly traded holding company structure in 1985. Historically active in both regulated utilities and competitive power generation, the company shifted its strategic focus during the 2020s toward regulated utility growth and transmission infrastructure. PSEG is recognized for its large-scale utility modernization programs, clean energy investments, and strong regional market position in the densely populated Mid-Atlantic region. Its strategic advantages include a stable regulated earnings base, long-standing infrastructure assets, and proximity to one of the largest electricity demand markets in the United States.