Public Service Enterprise Group Inc - Company Profile
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Business Description
Public Service Enterprise Group Inc (PSEG) is an energy company that generates, transmits and distributes electricity and gas; sells or trades energy related products; supplies fuels and provides appliance services and repair services through its subsidiaries.
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Business Segments
Overview
Carries out the transmission and distribution of electricity and transmission of natural gas in certain areas of New Jersey. Also, invests in solar generation projects and energy efficiency and related programs in New Jersey. It serves to 6.8 million people or 74% of New Jersey’s population. In FY2024, the segment’s capital expenditure stood at US$2,921 million, which decreased 2.6% YoY.
Performance
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Overview
Produces low-cost electricity through its nuclear, renewable and oil-fired generation assets. Also sells wholesale natural gas. Generation capacities situated in the Northeast and Mid Atlantic regions in the US. In FY2024, the segment’s capital expenditure stood at US$459 million, which grew 40.4% YoY.
Performance
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