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Secure and easy tool to manage your PSE&G My Account on the go - sign in, pay your bill and review your energy use.

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Secure and easy tool to manage your PSEG Long Island account on the go - sign in, pay your bill and review your energy use.

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The health, safety, and well-being of employees and contractors is the top priority—more important than production, profits, or serving customers

Safety First

Embracing diversity and creating an inclusive environment where all stakeholders can thrive

Diversity & Inclusion

Commitment to net-zero carbon emissions by 2030 and sustainable operations

Environmental Stewardship

Operating with integrity, ethical behavior, and transparent communication with all stakeholders

Transparency

Delivering reliable, affordable energy service while enhancing customer experience

Customer Focus

Public Service Enterprise Group (PSEG) is a diversified energy holding company headquartered in Newark, New Jersey, that generates, transmits, and distributes electricity and natural gas. As a predominantly regulated infrastructure company, PSEG focuses on a clean energy future through its Powering Progress vision, serving 2.4 million electric customers and 1.9 million gas customers primarily in New Jersey.

Ralph A. LaRossa

Chair, President and Chief Executive Officer

Daniel J. Cregg

Executive Vice President and Chief Financial Officer

Kim Hanemann

President and Chief Operating Officer, PSE&G

Grace H. Park

Executive Vice President and General Counsel

Scott Jennings

Senior Vice President, Finance, Planning and Strategy

Charles McFeaters

President and Chief Nuclear Officer, PSEG Nuclear

Courtney McCormick

Senior Vice President, Audit, Enterprise Risk and Compliance

The Public Service Enterprise Group, Inc. is a publicly traded energy company based in Newark, New Jersey, where it has been based since its founding. It was founded in 1985, with its roots tracing back to 1903. Its largest subsidiary is Public Service Electric and Gas Company, a regulated utility that supplies electricity and natural gas throughout New Jersey. Established in 1928, PSE&G is the state's oldest and largest investor owned utility. It was originally part of the New Jersey-based Public Service Corporation.

https://en.wikipedia.org/wiki/Public_Service_Enterprise_Group

PSE&G provides electric distribution services to approximately 2.4 million customers across more than 300 communities in central and northern New Jersey, delivering reliable power through a modern grid enhanced by 2.2 million smart meters.

Electric Distribution Services

PSE&G distributes natural gas to approximately 1.9 million customers throughout New Jersey, providing essential heating, cooking, and industrial fuel services with a focus on safety and reliability.

Natural Gas Distribution Services

PSEG Nuclear operates three nuclear units in South Jersey (Salem 1 & 2, Hope Creek) comprising the third-largest nuclear facility in the U.S., generating ~40% of New Jersey's electricity and 85% of its carbon-free power. Also maintains 50% ownership in two Pennsylvania nuclear plants.

Nuclear Power Generation

PSEG offers comprehensive energy efficiency programs through the Clean Energy Future - Energy Efficiency (CEF-EE) initiative, helping customers reduce consumption and save money while advancing New Jersey's clean energy goals. The CEF-EE II program (2025-2027) includes $1.9 billion in net investment.

Clean Energy Programs

PSEG provides various assistance programs including the Summer Relief Initiative offering deferred billing and extended shut-off protections, plus year-round programs that provided $218 million in energy assistance to over 200,000 customers in 2023, with $92 million in outstanding balances forgiven through Fresh Start.

Customer Assistance Programs

Dedicated business customer services including customized rate structures, energy efficiency consulting, demand response programs, and reliability solutions for commercial and industrial customers.

Business Energy Solutions

PSEG supports transportation electrification through EV charging infrastructure programs, rate designs for EV charging, and partnerships to expand electric vehicle adoption across New Jersey.

Electric Vehicle Infrastructure Support

PSEG reported full-year 2024 non-GAAP operating earnings of $3.68 per share, marking the 20th consecutive year of meeting or exceeding guidance. The company raised 2025 guidance to $3.94-$4.06 per share, representing approximately 9% growth, and invested $3.6 billion in capital spending during 2024.

PSEG Reports Strong 2024 Results, Raises 2025 Guidance

The New Jersey Board of Public Utilities approved PSE&G's Clean Energy Future - Energy Efficiency II Program (CEF-EE II) spanning from January 2025 to June 2027. The program includes an investment budget of $1.9 billion net of administrative expenses over six years to drive continued energy savings in New Jersey.

PSE&G Announces Clean Energy Future - Energy Efficiency II Program Approval

PSE&G announced a reduction in gas bills for residential customers by about 5%, effective October 1, 2024. The Basic Gas Supply Service (BGSS) rate was reduced by almost 7 cents per therm to approximately 32.8 cents per therm, providing relief to customers amid affordability concerns.

PSE&G Lowers Gas Bills by About 5% Effective October 2024

PSEG is advancing its clean energy transformation through strategic capital investments totaling $22.5-26 billion from 2025-2029. Key initiatives include offshore wind partnerships targeting 3 GW capacity by 2025, a 200-MW battery storage facility in Somerset County, and continued nuclear facility upgrades to support New Jersey's 7.5 GW offshore wind target by 2035.

PSEG Gains Momentum Through Smart Investments and Clean Energy Plans

During the Q4 2024 earnings call, CEO Ralph LaRossa revealed that PSE&G's large load pipeline has jumped to 4.7 GW, driven by growing demand from data centers and electrification. The company continues discussions about nuclear offtake agreements to support this unprecedented load growth.

PSEG Large Load Pipeline Jumps to 4.7 GW as Data Center Demand Surges

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PUBLIC SERVICE ENTERPRISE GROUP INC

The Public Service Corporation was formed by consolidating more than 400 gas, electric, and transportation companies across New Jersey, creating one of the largest utility holding companies in the United States.

Public Service Corporation Founded

The Public Service Corporation merged its electric and gas utilities into a single operating company, Public Service Electric and Gas Company (PSE&G), creating New Jersey's premier combination utility.

Creation of PSE&G

The parent Public Service Corporation was dissolved, and PSE&G continued as an independent company serving New Jersey's energy needs.

PSE&G Becomes Independent Company

PSEG's first nuclear power plant, owned jointly with Philadelphia Electric Company, began operation at Peach Bottom, Pennsylvania, marking entry into nuclear power generation.

Peach Bottom Nuclear Plant Begins Operation

Salem Generating Station Unit 1 (owned 57% by PSEG, 43% by Constellation Energy) began commercial operation, adding major nuclear generating capacity in New Jersey.

Salem Unit 1 Nuclear Plant Operational

Salem Generating Station Unit 2 began commercial operation, complementing Unit 1 and establishing Salem as a major baseload power source for the region.

Salem Unit 2 Nuclear Plant Operational

Public Service Enterprise Group (PSEG) was created as a holding company to serve as the parent organization for PSE&G, enabling strategic diversification and corporate governance improvements.

PSEG Holding Company Created

Hope Creek Generating Station began commercial operation on July 25, 1986, with an initial license to run until 2026 (later extended to 2046), adding significant nuclear capacity.

Hope Creek Nuclear Plant Begins Operation

PSEG separated PSE&G's unregulated national power generation assets to form PSEG Power, creating distinct regulated utility and competitive generation businesses.

Creation of PSEG Power

The NRC approved 20-year license renewals for Salem Units 1 and 2 and Hope Creek, extending operations to 2036, 2040, and 2046 respectively, securing long-term clean energy capacity.

Nuclear License Extensions Approved

PSEG completed the sale of its 6,750-MW fossil generating portfolio to ArcLight Energy Partners for $1.92 billion, a transformative step toward its net-zero carbon emissions goal by 2030.

Sale of Fossil Generation Portfolio

PSEG completed deployment of 2.2 million smart meters through its Advanced Metering Infrastructure (AMI) program, significantly enhancing grid efficiency and customer data management.

Advanced Metering Infrastructure Completion

PSE&G announced a nearly 5% reduction in gas bills for residential customers effective October 1, 2024, lowering the Basic Gas Supply Service rate by almost 7 cents per therm to approximately 32.8 cents per therm.

Gas Rate Reduction for Customers

The New Jersey Board of Public Utilities approved PSE&G's CEF-EE II Program spanning January 2025 to June 2027, with a $1.9 billion net investment budget over six years to drive energy savings.

Clean Energy Future - Energy Efficiency II Program Approval

PSEG reported full-year 2024 non-GAAP operating earnings of $3.68 per share, marking the 20th consecutive year of meeting or exceeding earnings guidance. The company raised 2025 guidance to $3.94-$4.06 per share, representing ~9% growth.

Strong 2024 Financial Results

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