Public Service Enterprise Group Inc - Company Profile
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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 commercial, residential and industrial customers. The company mainly operates in the 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
12,543
Industry
Power
Ticker Symbol & Exchange
PEG (NYSE)
Revenue (2022)
$11.2B
14.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
148.6%
(2022 vs 2021)
Market Cap*
$32.8B
Net Profit Margin (2022)
XYZ
116.8%
(2022 vs 2021)
* As of and is in US$
Public Service Enterprise Group Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Installation |
| Gas | Repair |
| Maintenance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In January, the company agreed to sell 25% stake in the Ocean Wind 1 offshore wind energy project to Orsted. |
| 2022 | Others | In October, the company’s Hope Creek Generating Station began its 24th maintenance and refueling outage. |
| 2022 | Regulatory Approval | In July, the company secured approval from the New Jersey Board of Public Utilities to make investments that will provide the enhanced reliability customers. |
Competitor Comparison
| Key Parameters | Public Service Enterprise Group Inc | Duke Energy Corp | NRG Energy Inc | NextEra Energy Inc | Exelon Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Newark | Charlotte | Houston | Juno Beach | Chicago |
| State/Province | New Jersey | North Carolina | Texas | Florida | Illinois |
| No. of Employees | 12,543 | 27,037 | 18,131 | 16,800 | 19,962 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ralph A. LaRossa | President; Chief Executive Officer; Chairman | Executive Board | 2023 | 59 |
| Daniel J. Cregg | Chief Financial Officer; Executive Vice President | Senior Management | 2015 | 59 |
| Sheila J. Rostiac | Chief Human Resources Officer; Chief Diversity Officer - Services; Senior Vice President - Human Resources | Senior Management | 2020 | 52 |
| Charles McFeaters | Chief Nuclear Officer; President - Nuclear | Senior Management | 2023 | - |
| Richard T. Thigpen | Senior Vice President - Corporate Citizenship, Services | Senior Management | 2018 | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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