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Public Service Enterprise Group Incorporated (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company in the U.S. utilities sector. According to its public disclosures, PSEG operates New Jersey's largest transmission and distribution utility and owns carbon‑free nuclear generation assets, positioning the company within the electric bulk power transmission and control industry. PSEG is a member of the S&P 500 Index and reports that it has been named to the Dow Jones Sustainability North America Index for 17 consecutive years, reflecting a sustained focus on sustainability.

PSEG’s core utility business is conducted through Public Service Electric & Gas Co. (PSE&G), described as New Jersey's oldest and largest gas and electric delivery public utility and one of the nation's largest utilities. PSE&G operates New Jersey’s largest transmission and distribution utility system, serving approximately 2.4 million electric and 1.9 million natural gas customers. Its activities include delivering electric and gas service, investing in energy infrastructure, and running energy efficiency programs that help customers manage their energy use and costs.

Beyond New Jersey, PSEG operates through PSEG Long Island, which runs the Long Island Power Authority’s transmission and distribution system under a long‑term contract. PSEG Long Island operates the electric grid on Long Island and in the Rockaways on behalf of the Long Island Power Authority (LIPA). The Long Island Power Authority Board of Trustees approved a five‑year contract extension of PSEG Long Island as operations service provider for electric service on Long Island and in the Rockaways through 2030, and the New York State comptroller has given final approval of the extension of the operations services agreement.

PSEG also owns an independent fleet of carbon‑free, baseload nuclear power generating units in New Jersey and Pennsylvania. The company reports ownership of 3,758 MW of such nuclear capacity, which supplies reliable baseload energy to the grid and supports PSEG’s ability to fund regulated investments. PSEG has noted that its nuclear operations, including its Hope Creek unit, contribute significant carbon‑free generation and that operational milestones at these units support its financial and operational objectives.

Business model and segments

PSEG describes itself as a predominantly regulated infrastructure company focused on a clean energy future. Its businesses include:

• Public Service Electric & Gas Co. (PSE&G) – New Jersey’s largest electric and gas delivery public utility, operating the state’s largest transmission and distribution network and providing regulated electric and gas delivery service.
• PSEG Power – The business that includes PSEG’s nuclear generation fleet and related activities, providing carbon‑free baseload power.
• PSEG Long Island – The subsidiary that operates the Long Island Power Authority’s transmission and distribution system under a long‑term operations services agreement.

In its third‑quarter 2025 results, PSEG highlighted that regulated investment at PSE&G was focused on replacing and modernizing New Jersey’s energy infrastructure, meeting load growth, and expanding energy efficiency programs that lower energy demand and customer bills. The company’s results by segment show contributions from PSE&G and from PSEG Power & Other, underscoring the importance of both regulated utility operations and nuclear generation to the overall enterprise.

Clean energy and sustainability focus

PSEG states that it is guided by its Powering Progress vision, which aims to power a future where people use less energy and where that energy is cleaner, safer and delivered more reliably. The company emphasizes a continued focus on sustainability, referencing its long‑standing inclusion on the Dow Jones Sustainability North America Index. PSEG’s ownership of carbon‑free baseload nuclear units in New Jersey and Pennsylvania is presented as a key component of this clean energy focus.

Through PSE&G, PSEG also emphasizes energy efficiency programs. Public communications describe a suite of energy efficiency initiatives in which hundreds of thousands of residential and business customers have participated, generating estimated bill savings and helping customers reduce energy use. These programs include offerings designed to help customers manage utility costs and improve energy efficiency.

Customer service and reliability

PSE&G and PSEG Long Island highlight customer satisfaction and reliability metrics in public announcements. PSE&G has been recognized in the J.D. Power Electric Utility Residential Customer Satisfaction Study, where it ranked highest among large electric utilities in the East Region for residential electric customer satisfaction for multiple consecutive years. PSE&G has also received the ReliabilityOne Award for superior electric system reliability in the Mid‑Atlantic region for 24 consecutive years and has been recognized as an ENERGY STAR Partner of the Year in the Energy Efficiency Program Delivery category.

PSEG Long Island reports that it has been ranked highest in customer satisfaction among business customers in the East Large Segment in the J.D. Power 2025 Electric Utility Business Customer Satisfaction Study. The company notes that this ranking caps an 11‑year rise in survey performance since PSEG Long Island took over operation of the electric grid. PSEG Long Island also reports improvements in reliability and safety metrics since 2014, including reductions in outage frequency and duration and improvements in workforce safety, as well as recognition in customer satisfaction rankings.

Community engagement and affordability

PSEG and the PSEG Foundation describe a commitment to building thriving communities and supporting customers facing economic hardship. Public announcements describe initiatives such as a community relief program providing grants to local organizations that offer food, housing, energy assistance and other services. These efforts are presented as part of a broader focus on affordability and community well‑being.

PSEG Long Island and PSE&G also highlight programs designed to help customers manage energy bills, including assistance programs, deferred payment agreements, and partnerships with nonprofit organizations. PSEG Long Island, for example, has hosted community events to connect customers with state and federal assistance programs and offers its Residential Energy Affordability Partnership Program for income‑eligible customers.

Regulatory filings and financial reporting

PSEG files regular reports with the U.S. Securities and Exchange Commission (SEC), including Forms 10‑K, 10‑Q and 8‑K. Recent Form 8‑K filings have reported quarterly financial results and provided Regulation FD disclosures, including earnings releases and slideshow presentations. These filings confirm that PSEG’s common stock trades on the New York Stock Exchange under the symbol PEG, and that PSEG is incorporated in New Jersey.

Frequently asked questions about Public Service Enterprise Group (PEG)

• What does Public Service Enterprise Group do?
  

  Public Service Enterprise Group is a predominantly regulated infrastructure company in the utilities sector. Its businesses include Public Service Electric & Gas Co. (PSE&G), which operates New Jersey’s largest transmission and distribution utility, PSEG Power, which owns carbon‑free baseload nuclear generation units in New Jersey and Pennsylvania, and PSEG Long Island, which operates the Long Island Power Authority’s transmission and distribution system under a long‑term contract.

• Where does PSEG operate its utility systems?
  

  According to company disclosures, PSE&G operates New Jersey’s largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers in New Jersey. PSEG Long Island operates the Long Island Power Authority’s transmission and distribution system on Long Island and in the Rockaways under a long‑term operations services agreement.

• What is PSE&G’s role within PSEG?
  

  Public Service Electric & Gas Co. is described as New Jersey’s oldest and largest gas and electric delivery public utility and one of the nation’s largest utilities. It is a subsidiary of PSEG and represents the company’s primary regulated utility business, operating the state’s largest transmission and distribution network and delivering electric and gas service.

• What is PSEG Long Island?
  

  PSEG Long Island is a subsidiary of Public Service Enterprise Group that operates the Long Island Power Authority’s transmission and distribution system under a long‑term contract. It runs the electric grid on Long Island and in the Rockaways on behalf of LIPA and has received a five‑year contract extension for operations through 2030.

• How is PSEG involved in nuclear power?
  

  PSEG reports that it owns an independent fleet of 3,758 MW of carbon‑free, baseload nuclear power generating units in New Jersey and Pennsylvania. These units are part of PSEG Power and provide reliable baseload generation that supports the company’s clean energy and financial objectives.

• On which exchange does PEG stock trade?
  

  PSEG’s common stock without par value is listed on the New York Stock Exchange under the trading symbol PEG, as disclosed in its SEC filings.

• How does PSEG describe its clean energy and sustainability focus?
  

  PSEG states that it is guided by its Powering Progress vision, aiming to power a future where people use less energy and where that energy is cleaner, safer and delivered more reliably. The company highlights its inclusion on the Dow Jones Sustainability North America Index for 17 consecutive years and its ownership of carbon‑free nuclear generation as elements of this focus.

• What kinds of customer and community programs are associated with PSEG?
  

  Public communications describe energy efficiency programs at PSE&G, customer assistance and affordability initiatives, and community relief grants funded by PSE&G and the PSEG Foundation. PSEG Long Island also runs customer assistance events and programs to connect customers with financial assistance and energy efficiency resources.

• How does PSEG report its financial performance?
  

  PSEG reports financial results through SEC filings and earnings releases, including net income and non‑GAAP operating earnings. It also provides segment results for PSE&G and PSEG Power & Other, and hosts earnings calls with accompanying slideshow presentations furnished on Form 8‑K.

• Is PSEG part of any major stock index?
  

  PSEG states that it is a member of the S&P 500 Index, reflecting its inclusion among large U.S. public companies.