Public Service Enterprise Group Inc (PEG) company profile

Public Service Enterprise Group is a public utility holding company that operates primarily through regulated electric and gas transmission and distribution utilities alongside nuclear power generation operations. Through its principal subsidiary, Public Service Electric and Gas Company, it transmits and distributes electricity and natural gas to residential, commercial, and industrial customers, while offering appliance repair and investing in regulated clean energy programs. Its power generation affiliate produces and sells carbon-free energy and capacity from nuclear facilities into wholesale regional markets, while also supplying wholesale natural gas. In addition, the organization maintains contractual agreements to manage third-party electric transmission and distribution infrastructure.

Headquartered in Newark, New Jersey, the company centers its utility distribution across a 2,600-square-mile territory spanning diagonally across New Jersey, serving approximately 6.8 million residents across six major cities and roughly 300 suburban and rural communities. Its nuclear power fleet comprises generating facilities situated across New Jersey and Pennsylvania with thousands of megawatts in total capacity, while its contracted utility management services extend to Long Island, New York.

Summary of the business section of Public Service Enterprise's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

“As of December 31, 2020, PSEG employed 12,788 full-time employees, of which 61% are covered by collective bargaining agreements.”