Public Service Enterprise Group (PEG) Stock Forecasts
Introduction to Public Service Energy Group
Summary
Public Service Energy Group, also known as PSEG, is a leading electric and natural gas company that operates a variety of energy services through its regulated subsidiary. The company is involved in generation, transmission, and distribution of electricity and natural gas. In addition to its regulated operations, PSEG also engages in merchant nuclear generation and energy trading through its PSEG Power division. With a strong presence in the energy market, PSEG plays a vital role in providing reliable energy services to customers in New Jersey and beyond.
PSEG’s Utility Operations
PSEG’s utility, known as PSE&G, serves approximately 2.4 million electric customers and 1.9 million gas customers in New Jersey. The majority of PSE&G’s electric customers are commercial, accounting for almost 60% of its customer base. Additionally, PSE&G Long Island provides electric transmission and distribution services to 1.1 million customers. PSEG’s utility operations are focused on delivering safe, reliable, and affordable energy services to residential and commercial customers in the region.
PSEG’s Energy Portfolio
PSEG owns and operates three nuclear generating facilities in New Jersey and holds a 50% interest in two facilities in Pennsylvania. These nuclear facilities play a crucial role in PSEG’s energy portfolio, providing a stable source of clean energy to meet the region’s electricity demand. In addition to its nuclear assets, PSEG also wholly owns PSEG Energy Holding LLC and PSEG Services Corp, further expanding its presence in the energy market.
As a prominent player in the energy sector, PSEG continues to innovate and invest in new technologies to meet the evolving needs of its customers. With a strong focus on sustainability and environmental stewardship, PSEG is committed to providing reliable and clean energy solutions for the communities it serves.
