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PEG - Public Service Enterprise Group Inc.


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Public Service Enterprise Group Inc. logo

Public Service Enterprise Group Incorporated (PSEG), a prominent energy company based in Newark, New Jersey, operates extensively throughout the Northeastern and Mid-Atlantic regions of the United States. The company functions through two principal segments: PSE&G and PSEG Power. The PSE&G segment focuses on the transmission and distribution of electricity, serving residential, commercial, and industrial customers. It maintains a robust infrastructure including 25,000 circuit miles of electric transmission lines, 862,000 poles, 56 switching stations, and 235 substations, with significant installed capacities. PSE&G also manages an expansive natural gas distribution network encompassing 18,000 miles of mains, supporting its operations with multiple headquarters and metering stations.

In addition to its core utility operations, PSE&G is actively involved in renewable energy initiatives, investing in solar generation projects and promoting energy efficiency programs. The segment offers appliance services and repairs, enhancing customer service and satisfaction. Meanwhile, PSEG Power, the company's other segment, engages in the generation and wholesale marketing of electric power across diverse energy sources. With a commitment to sustainability and innovation, PSEG continues to play a pivotal role in advancing clean energy solutions and supporting economic growth in the communities it serves.

Established in 1985, Public Service Enterprise Group Incorporated has grown to become a leading provider of essential energy services. Headquartered in Newark, New Jersey, PSEG is recognized for its dedication to operational excellence, environmental stewardship, and community engagement. The company's strategic investments in infrastructure and technology underscore its mission to deliver reliable, affordable, and sustainable energy solutions, shaping the future of energy in the Northeastern United States.

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Stock Sector: Utilities: Diversified Utilities

 

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