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Public Service Enterprise Group Inc. (PSEG) is a company operating in the utilities sector, engaged in the supply of electric power and related services within the electric utilities industry. The company was founded by a group of private investors.
PSEG was created to meet the growing demand for electricity and natural gas in the state of New Jersey, United States. Its main products and services include the generation, transmission, and distribution of electric power, in addition to natural gas supply.
The company also operates renewable energy projects and energy efficiency initiatives, aligning its activities with trends in the utilities sector. Its market presence is primarily regional, with operations concentrated in New Jersey; however, through subsidiaries and specific projects, its operations extend to other U.S. states.
Key market factors influencing its operations include the global energy transition, environmental regulatory policies, investment in clean-energy infrastructure, and the rising demand for reliable electricity.
The company has invested heavily in grid modernization and sustainable energy projects to meet market requirements. PSEG employs more than 12,700 workers, positioning itself among the largest suppliers of electricity and natural gas in the United States.
Its customer base consists of millions of households, businesses, and public institutions, reinforcing its role as a major utility provider. The operational structure is composed of subsidiaries responsible for managing different areas of activity.
PSEG Power is responsible for energy generation, while PSE&G (Public Service Electric and Gas) manages the transmission and distribution of electricity and natural gas. The company also develops renewable-energy projects and energy-efficiency programs.
PSEG its shares are listed on the NYSE under the ticker PEG.
History and when Public Service Enterprise Group Inc. was created
Public Service Enterprise Group Inc. was founded in 1903 in the state of New Jersey, United States, during a period of rapid urbanization and industrialization, with the purpose of supplying electricity and natural gas to meet the growing needs of residents and local industries.
In its early years, the company expanded its infrastructure and integrated several small electricity and gas utilities.
Throughout the 20th century, PSEG experienced sustained expansion and growth through investments in power generation, grid modernization, and service diversification. The creation of subsidiaries focused on different operational areas contributed to efficiency and specialization across its business segments.
In 1948, the company completed its initial public offering (IPO), which strengthened its capacity for investment and helped solidify its position in the utilities sector. Decades later, in 2000, PSEG established the subsidiary PSEG Power, marking its entry into the competitive energy-generation market.
Between 2020 and 2024, the company intensified efforts in sustainability and modernization. Renewable-energy projects—including solar and wind facilities—and investments in smart-grid technologies were key highlights of the period.
Additionally, PSEG carried out divestments in fossil-fuel generation assets to prioritize clean-energy initiatives, reflecting changes in shareholder structure and long-term strategic direction.
Additional Information
The Company Public Service Enterprise Group Inc. (United States), is listed on NYSE with a market cap of $ 40.55 Billions, having an equity of $ 17.01 Billions.
With a total of 12.788 employees, the company is listed in the sector of Utilities and categorized in industry of Electrical.
In the last 12 months the Company had a revenue of $ 11.72 Billions, which generated a profit in the amount of $ 2.08 Billions.
As for its main indicators, the Company has a P/E ratio of 19.48, a P/BV ratio of 2.38 and in the last 12 months the dividend yield of PEG was at 3.06%.
The Company is traded internationally through the ticker PEG.
