Public Service Enterprise Group (CRYPTO: PEG) — Company Overview, News & Financial Data
Public Service Enterprise Group is an energy company focused on electric and gas utility services, primarily in the Northeastern U.S.
Public Service Enterprise Group
Public Service Enterprise Group is a diversified energy holding company headquartered in Newark, New Jersey. Primarily operating through its principal subsidiary, Public Service Electric and Gas Company, the company provides electric and natural gas transmission and distribution services to millions of residential, commercial, and industrial customers across New Jersey. Additionally, through its power generation arm, the firm operates nuclear power facilities, including the Hope Creek and Salem generating stations, producing zero-carbon baseload electricity. Public Service Enterprise Group focuses on grid modernization, clean energy transition, energy efficiency programs, and infrastructure reliability to support sustainable power delivery across the mid-Atlantic region.
Snapshot
Operations
Products and/or services of Public Service Enterprise Group
- Electric Transmission and Distribution: Provision of regulated electric delivery services to approximately 2.3 million customers across New Jersey, maintaining extensive high-voltage transmission lines, substations, and distribution infrastructure designed to ensure regional power reliability.
- Natural Gas Distribution: Operation of regulated gas delivery systems serving about 1.9 million residential, commercial, and industrial customers across northern and central New Jersey through thousands of miles of mains and service pipelines.
- Nuclear Power Generation: Operation of zero-carbon baseload generation facilities, including the Hope Creek Generating Station and co-owned Salem Generating Station in Salem County, New Jersey, delivering clean electricity into the PJM regional market.
- Energy Efficiency Programs: Deployment of large-scale utility programs offering incentives, energy audits, and equipment upgrades to residential and commercial customers, aimed at reducing overall demand, energy consumption, and carbon emissions across New Jersey.
- Grid Modernization and Energy Storage: Upgrading utility infrastructure through smart meter installation, automated distribution systems, and residential battery storage pilot programs to enhance grid resilience, reduce outages, and optimize peak electrical demand management.
- Clean Energy Transmission Infrastructure: Investment in regional transmission expansion projects, offshore wind interconnection infrastructure, and high-voltage substation upgrades designed to integrate renewable generation sources into the mid-Atlantic electrical grid.
Public Service Enterprise Group executive team
- Mr. Ralph A. LaRossaChair, President & CEO
- Mr. Daniel J. CreggExecutive VP & CFO
- Ms. Kim C. HanemannPresident & COO of Public Service Electric & Gas
- Mr. Zeeshan SheikhSenior VP and Chief Information & Digital Officer
- Ms. Carlotta N. ChanVice President of Investor Relations
- Ms. Grace H. ParkExecutive VP & General Counsel
- Ms. Karen CleeveVice President of Corporate Communications
- Ms. Sheila J. RostiacSenior VP, Chief Human Resources Officer & Chief Diversity Officer
- Mr. Scott M. JenningsSenior Vice President of Finance, Planning & Strategy
- Mr. Richard T. ThigpenSenior Vice President of Corporate Citizenship