Public Service Enterprise Group Incorporated (PEG) Stock

Public Service Enterprise Group Incorporated, operating through its subsidiaries, serves as a prominent energy provider across the Northeastern and Mid-Atlantic regions of the United States. The company operates through two distinct segments: PSE&G and PSEG Power. The PSE&G segment focuses on the transmission and distribution of electricity, delivering essential energy services to residential, commercial, and industrial customers. Additionally, PSE&G invests in solar generation initiatives and promotes energy efficiency through various programs. The segment also offers appliance services and repairs, further enhancing customer satisfaction and energy conservation efforts.

As of December 31, 2021, PSE&G managed an extensive electric transmission and distribution network comprising 25,000 circuit miles and 862,000 poles. The segment also operated 56 switching stations with a combined installed capacity of 39,353 megavolt-amperes (MVA), along with 235 substations totaling 9,285 MVA in installed capacity. In the realm of natural gas services, PSE&G maintained 18,000 miles of gas mains, supported by multiple gas distribution headquarters, sub-headquarters, meter shops, and 58 natural gas metering and regulating stations.

Founded in 1985 and headquartered in Newark, New Jersey, Public Service Enterprise Group Incorporated continues to uphold its commitment to delivering reliable energy solutions while advancing sustainable practices. The company's strategic focus on expanding renewable energy sources and enhancing infrastructure underscores its dedication to meeting the evolving energy needs of communities while promoting environmental stewardship and economic growth in its service areas.