PSEG stands for Public Service Enterprise Group, which is a publicly traded energy company headquartered in Newark, New Jersey. Founded in 1903, PSEG is a diversified energy holding company that operates primarily through its two major subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power.
PSE&G is the largest publicly owned utility in New Jersey, providing gas and electric services to over 2.3 million customers in various parts of the state. It is responsible for the transmission and distribution of electricity, as well as the delivery of natural gas to residential, commercial, and industrial customers. PSE&G aims to ensure reliable, safe, and affordable energy services, maintaining critical infrastructure and investing in innovative technologies for a sustainable energy future.
PSEG Power, on the other hand, is a wholesale energy supplier that primarily operates and maintains power generating assets. The subsidiary owns and operates a diverse fleet of natural gas, nuclear, and renewable power plants across multiple states, aiming to provide reliable and environmentally responsible electricity to meet customer demands.
As a leading energy company, PSEG is committed to promoting sustainability, reducing greenhouse gas emissions, and supporting clean energy solutions. It actively engages in community initiatives, energy efficiency programs, and renewable energy development projects to ensure a resilient and sustainable energy future for the communities it serves.
