PEG
- Public Service Enterprise Group Incorporated
()
Overview
Company Summary
Public Service Enterprise Group Incorporated (PEG) is a publicly traded energy holding company headquartered in New Jersey, United States. The company operates primarily through its principal subsidiaries, which include Public Service Electric and Gas Company (PSE&G) and PSEG Power.
PSE&G is a regulated utility that provides gas and electric services to approximately 2.5 million customers in New Jersey. As a regulated utility, PSE&G's rates and services are overseen by the New Jersey Board of Public Utilities. PSE&G's services include the transmission and distribution of electricity, as well as the distribution of natural gas.
PSEG Power, on the other hand, is PEG's unregulated power generation subsidiary. It operates a diverse fleet of power plants, primarily located in the Mid-Atlantic and Northeastern regions of the United States. PSEG Power generates electricity from various sources, including nuclear, natural gas, oil, and renewable energy.
In addition to its core operations, PEG also has investments in various energy-related businesses such as energy storage, solar power, wind power, and transmission infrastructure. The company is committed to advancing clean energy initiatives and reducing its carbon footprint.
Overall, Public Service Enterprise Group Incorporated is a company engaged in the production, distribution, and marketing of energy resources. It strives to provide reliable and affordable energy solutions to its customers while embracing sustainability and environmental responsibility.