Public Service Enterprise Group Inc. (PSEG) is a diversified energy holding company based in Newark, New Jersey. The company operates primarily through two main segments: Public Service Electric and Gas Company (PSE&G) and PSEG Power. PSE&G is a regulated utility that transmits and distributes electricity and natural gas to residential, commercial, and industrial customers throughout New Jersey. PSEG Power focuses on wholesale energy and operates a fleet of carbon-free nuclear generation facilities in the Mid-Atlantic region. Additionally, the company provides utility services outside of New Jersey by operating the Long Island Power Authority (LIPA) system under contract through PSEG Long Island. In recent years, PSEG has sharpened its focus on regulated utility operations and clean energy by divesting the majority of its fossil fuel generation portfolio.
