Public Service Enterprise Group Inc (PSEG) is a diversified energy holding company that generates, transmits and distributes electricity, and gas through its subsidiaries. It supplies electricity from its nuclear, fossil and renewable energy assets as part of its wholesale energy activities. The company sells electricity, natural gas, emission credits, and other energy related products used for optimization of energy grid operations under contracts or on the spot market. It also implements demand response and energy efficiency programs, offers appliance and repair services to customers in its service territory, and invests in solar generation. PSEG serves residential, commercial and industrial customers. The company mainly operates in the northeastern and mid-Atlantic region of the US. PSEG is headquartered in Newark, New Jersey, the US.
Headquarters
United States of America
Address
Corporate Accounting Services, 80 Park Plaza, 9th Floor, Newark, New Jersey, 07102-4194
Website
corporate.pseg.com
Telephone
1 973 4307000
No of Employees
12,684
Industry
Power
Ticker Symbol & Exchange
PEG (NYSE)
Revenue (2021)
$9.7B
1.2%
(2021 vs 2020)
EPS
XXX
Net Income (2021)
XXX
-134%
(2021 vs 2020)
Market Cap*
$33.7B
Net Profit Margin (2021)
XXX
-133.6%
(2021 vs 2020)
* As of and is in US$
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Products and Services
| Products | Services |
|---|---|
| Electricity | Installation |
| Gas | Repair |
| Maintenance | |
| XXX | |
| XXX | |
| XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In April, the company and Orsted awarded construction contracts to Jingoli Power and Burns & McDonnell Engineering Company for onshore works in relation to the 1100MW Ocean Wind 1 offshore wind project off New Jersey. |
| 2022 | Financing Agreements | In February, the company committed US$35 million to funds managed by Energy Impact Partners (EIP). |
| 2022 | Asset Disposal | In February, the company announced the sale of 6,750-megawatt fossil generating portfolio in New Jersey and Maryland to a subsidiary of ArcLight Energy Partners Fund VII, L.P. |
Competitor Comparison
| Key Parameters | Public Service Enterprise Group Inc | Exelon Corp | NRG Energy Inc | Duke Energy Corp | NextEra Energy Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Newark | Chicago | Houston | Charlotte | Juno Beach |
| State/Province | New Jersey | Illinois | Texas | North Carolina | Florida |
| No. of Employees | 12,684 | 31,518 | 6,635 | 27,605 | 15,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Operating Margin
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ralph Izzo | President; Chief Executive Officer; Chairman | Executive Board | 2007 | 63 |
| Daniel J. Cregg | Executive Vice President; Chief Financial Officer | Senior Management | 2015 | 57 |
| Zeeshan Sheikh | Chief Information and Digital Officer; Senior Vice President | Senior Management | 2020 | - |
| Ralph A. LaRossa | Chief Operating Officer - PSEG Long Island LLC | Senior Management | 2020 | 57 |
| Tamara L. Linde | Executive Vice President; General Counsel | Senior Management | 2014 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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