Company
Public Service Enterprise Group Incorporated
Headquarters: Newark, NJ, United States
Founded: 1903
Employees: 12,684
CEO: Dr. Ralph Izzo Ph.D.
Market Cap
$36.85 Billion
USD as of July 1, 2024
Public Service Enterprise Group Incorporated Categories
United States Utilities Utilities—DiversifiedUnited States Utilities United States Utilities—Diversified
Company Description
PSEG, which stands for the Public Service Enterprise Group, is a diversified energy utility company formed in 1903. Through its subsidiaries, PSEG primarily operates nuclear and natural gas power plans and solar energy facilities, providing electricity to 2.3 million customers and gas to 1.9 million customers in New Jersey, as well as 1.1 million customers in Long Island.
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Detailed Description
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2021, it had electric transmission and distribution system of 25,000 circuit miles and 862,000 poles; 56 switching stations with an installed capacity of 39,353 megavolt-amperes (MVA), and 235 substations with an installed capacity of 9,285 MVA; four electric distribution headquarters and five electric sub-headquarters; and 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 58 natural gas metering and regulating stations. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.
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Stocks & Indices
Public Service Enterprise Group Incorporated has the following listings and related stock indices.
Stock: NYSE: PEG wb_incandescent
Stock: XETR: PSE wb_incandescent
Key People
Ralph Izzo (Pres., CEO) Daniel Cregg (E VP, CFO)
Financials
Revenue: US$ 10.076 billion (2019) US$ 9.696 billion (2018)
Operating income: US$ 1.943 billion (2019) US$ 2.298 billion (2018)
Net income: US$ 1.693 billion (2019) US$ 1.438 billion (2018)
Total assets: US$ 47.730 billion (2019) US$ 45.326 billion (2018)
Total equity: US$ 15.089 billion (2019) US$ 14.377 billion (2018)