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Public Service Enterprise Group Inc. (PSEG) (NYSE: PEG) delivers essential energy services to 2.3 million electric and 1.9 million gas customers across New Jersey and New York while advancing clean energy solutions through nuclear generation and solar projects. This news hub provides investors and stakeholders with direct access to official company announcements and market-moving developments.
Track PSEG's quarterly earnings reports, regulatory filings with state commissions, and progress on major infrastructure initiatives like grid modernization programs. Discover updates on nuclear plant operations, renewable energy investments, and partnerships supporting New Jersey's Energy Master Plan.
Key content categories include dividend declarations, rate case decisions, sustainability reports, and operational milestones across PSEG Power's generation fleet. All materials are sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to PSEG's latest strategic moves in balancing reliable energy delivery with environmental stewardship goals. Monitor critical updates affecting one of the Northeast's most significant energy providers through verified primary sources.
PSE&G, New Jersey's largest utility, has been recognized by J.D. Power as the top utility for residential customer satisfaction in both electric and gas services in the East Large Segment for 2024. This marks the second time PSE&G has achieved this dual recognition.
In the Residential Electric study, PSE&G ranked first in categories including power quality and reliability, customer care, billing and payment, corporate citizenship, price, and communications. These rankings reflect the company's continued investment in infrastructure and innovation, and its customer-focused approach.
PSE&G also secured the top position for residential gas customer satisfaction, excelling in reliability, billing, and communications. This achievement highlights the utility's dedication to providing safe, reliable, and cost-effective natural gas service.
According to Dave Johnson, PSE&G's Vice President of Customer Care and Chief Customer Officer, these awards are based on customer feedback and are a testament to the team's dedication to excellence. This recognition follows PSE&G's previous wins for both Residential and Business Electric Customer Satisfaction in 2023 and Residential Gas and Electric Satisfaction in 2022. The company remains focused on enhancing customer experience through advanced technologies and clean energy initiatives.
PSEG Foundation marks a decade of community impact through its Neighborhood Partners Program (NPP), celebrating nearly $8 million in grants distributed to over 400 nonprofits across New Jersey and Long Island. The program achieved record-breaking results in 2024, with $1.2 million in total giving, representing a 20% increase from 2023.
The NPP focuses on three strategic pillars: environmental sustainability, social justice, and equity and economic empowerment. Notable 2024 grantees include HomeFront, which provided over 1 million free meals and supported 25,500 New Jersey residents; Boys & Girls Club of Newark, receiving over $600,000 in PSEG support for STEM education and family programs; and Northern NJ Community Foundation, implementing green infrastructure initiatives for environmental justice.
PSEG Foundation has highlighted its ongoing support for Children's Specialized Hospital (CSH), the nation's leading provider of pediatric care across 15 New Jersey locations. The foundation has contributed over $7.2 million since 2005 through various initiatives. Recently, they provided a $300,000 grant for the Social Determinants of Health Program. In 2024, PSEG employees demonstrated significant involvement by volunteering over 200 hours in fundraising activities, raising $50,000 through the Walk n' Roll event and more than $700,000 during the annual golf outing.
PSEG Foundation has announced significant initiatives to combat food insecurity in New Jersey, where nearly one million people face hunger challenges. The foundation has committed $250,000 in grant funding to the Community Food Bank of New Jersey (CBFNJ) from 2024 to 2026. This partnership supports essential services including after-school meals, job training, and nutrition education.
PSEG employees have actively participated in volunteer efforts, recently helping distribute 548 cases of turkeys and over 2,000 holiday boxes, supporting more than 57,000 meals. The foundation also partners with the Food Bank of South Jersey and HomeFront, providing support across Burlington, Camden, Gloucester, and Salem counties through food pantry programs and additional services for low-income residents.
PSEG Foundation has announced its continued support for veteran-focused organizations through various initiatives in 2024. The company is supporting Community Hope, New Jersey's largest nonprofit serving unhoused veterans, through their Neighborhood Partners Program. Additionally, PSEG provided a $100,000 two-year grant to Thomas Edison State University's Military and Veteran Scholarship Fund, which has awarded 50 scholarships to military students and veterans.
The company also maintains its partnership with Volunteer Lawyers for Justice, supporting their Veterans Legal Program that provides free legal services to 338,000 New Jersey veterans. PSEG's managing counsel, Matt Jokajtys, was recognized as a Defender of Justice, and the company was nominated for the Pro Bono Institute's Corporate Pro Bono Award.
PSE&G has received two prestigious ReliabilityOne® Awards in 2024. The company won the Outstanding Metropolitan Service Area Reliability Performance Award for the Mid-Atlantic Region for the 23rd consecutive year, and the Outstanding Customer Engagement Award nationally for the second year running. PA Consulting recognized PSE&G for its innovative customer engagement strategies in outage reporting and restoration communications.
The utility is focusing on strengthening infrastructure with new technology while implementing improved customer communication methods. John Latka, senior vice president of Electric Transmission and Distribution, emphasized their commitment to maintaining affordable utility services with exceptional reliability. The awards reflect PSE&G's success in delivering best-in-class electric service reliability while providing positive customer experiences.
PSE&G conducted a three-hour gas emergency response exercise in Morristown, NJ, partnering with local first responders to simulate a gas emergency. The drill, held on Mt. Kemble Avenue, tested incident command and evacuation procedures, marking the company's sixth gas safety exercise this year. PSE&G reported responding to 853 excavation damage calls last year (736 gas and 117 electric), with a 99.9% response rate within one hour for gas emergencies. The company emphasized the importance of calling 811 for utility markouts before any digging projects to prevent accidents and infrastructure damage.
The PSEG Foundation has awarded a $1 million grant to Montclair State University Foundation to expand the PSEG Institute for Sustainability Studies' Green Teams internship program. The two-year funding will enhance the program's ability to tackle environmental and climate challenges in New Jersey. Over the past decade, 420 students have completed over 350 real-world sustainability projects supporting 53 local communities, nonprofits, and companies. The grant will focus on supporting overburdened communities, providing advanced technology training (GIS, drone, VR/XR), and strengthening partnerships with minority-serving institutions. The funding will cover intern stipends, travel expenses, and advanced training by expert personnel.
Public Service Enterprise Group (NYSE:PEG) announced that its Board of Directors has declared a quarterly dividend of $0.60 per share on the company's common stock for the fourth quarter of 2024. The dividend will be paid on or before December 31, 2024, to shareholders of record as of December 10, 2024.
PSE&G has received two prestigious ReliabilityOne® Awards in 2024: the Outstanding Metropolitan Service Area Reliability Performance Award for the Mid-Atlantic Region (23rd consecutive year) and the Outstanding Customer Engagement Award (second consecutive year). The awards recognize PSE&G's excellence in delivering reliable electric service and customer engagement strategy. The utility company is implementing innovative methods for customer engagement, outage reporting, and restoration communications while strengthening infrastructure with new technology. PSE&G's commitment to maintaining affordable utility services while providing exceptional reliability has been acknowledged through these awards, which involved a rigorous selection process based on system reliability statistics and independent certification.
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