PEG

Public Service Enterprise Group Inc. (PSEG) operates as a diversified energy company serving customers primarily in the Mid-Atlantic region. Headquartered in Newark, New Jersey, the company functions through two principal subsidiaries: PSE&G and PSEG Power. PSE&G, one of the nation's oldest and largest regulated gas and electric delivery utilities, transmits electricity and distributes natural gas to approximately 2.3 million electric customers and 1.9 million gas customers in New Jersey. The utility operates over 24,000 miles of electric distribution lines and maintains an extensive natural gas distribution network. PSEG Power owns and operates a diverse generating portfolio with approximately 6,750 megawatts of capacity, including nuclear, combined-cycle gas, and renewable energy facilities. The company's Salem and Hope Creek nuclear generating stations represent a significant component of its baseload generation. PSEG employs approximately 12,000 people and generates annual revenues exceeding $10 billion. The company focuses on infrastructure modernization and clean energy transition, investing heavily in grid hardening, energy efficiency programs, and renewable energy development. Recent strategic initiatives include expanding energy storage capabilities and advancing carbon reduction goals. PSEG maintains a strong regulatory relationship in New Jersey and demonstrates consistent execution of its regulated utility growth strategy while managing its competitive power generation business.