Summary
Public Service Energy Group is an electric and natural gas company with generation, transmission, and distribution via its regulated subsidiary. The company also has merchant nuclear generation and energy trading through its PSEG Power operations. As of the beginning of 2025, the company’s utility, PSE&G, has about 2.4 million electric and 1.9 million gas customers in New Jersey. Almost 60% of electric customers and 38% of gas customers are commercial. PSE&G Long Island provides electric transmission and distribution to 1.1 million customers. The company also wholly owns PSEG Energy Holding LLC, and PSEG Services Corp.
The company owns and operates 3 nuclear generating facilities in New Jersey and has 50% interest in two facilities in Pennsylvania. As reported in 2024, the company’