Public Service Enterprise Group Incorporated PEG
Public Service Enterprise Group Incorporated (PSEG) is a public utility holding company that operates primarily through its regulated subsidiaries. The company's core business involves the transmission and distribution of electricity and natural gas to approximately 2.4 million electric customers and 1.9 million gas customers across a densely populated service territory in New Jersey. PSEG serves residential, commercial, and industrial customers, earning margins through regulated rates approved by state authorities, while commodity supply costs are passed through to customers without markup. The company also invests in and operates clean energy programs, including energy efficiency initiatives and electric vehicle charging infrastructure, as part of its regulated utility operations. Additionally, PSEG operates a nuclear generation business through its subsidiary PSEG Power, contributing to its diversified energy portfolio. The company's business model is centered on earning a regulated return on its substantial investments in transmission and distribution infrastructure, with revenues largely decoupled from sales volumes through formula rates and periodic rate cases.
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