Public Service Enterprise Group PEG · USD
Utilities · Multi-Utilities · US listing · 🇺🇸 United States
S&P 500
75.03
+3.33%
Close of 9 Nov 2026, in USD
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About Public Service Enterprise Group
From its filings with the US Securities and Exchange Commission
Public Service Enterprise Group is based in Newark, New Jersey and is incorporated in New Jersey. Its shares trade on NYSE under the ticker PEG. It is a member of the S&P 500. The SEC classifies its business as electric & other services combined. In the fiscal year to 31 December 2025, it reported revenue of $12.17bn and net income of $2.11bn. At that date it held total assets of $57.58bn and shareholders' equity of $16.98bn.
We were incorporated under the laws of the State of New Jersey in 1985 and our principal executive offices are located at 80 Park Plaza, Newark, New Jersey 07102. We are a public utility holding company that, acting through our wholly owned subsidiaries, is a predominantly regulated electric and gas utility and a nuclear generation business. Our business plan focuses on achieving growth by allocating capital primarily toward regulated investments in an effort to continue to improve the sustainability and predictability of our business and realizing the value of the consistent and reliable carbon-free generation from our nuclear units.
As a holding company, our profitability depends on our subsidiaries’ operating results. We principally conduct our business through two direct wholly owned subsidiaries, PSE&G and PSEG Power LLC (PSEG Power), described below, each of which also has its principal executive offices at 80 Park Plaza, Newark, New Jersey 07102.
Our other direct wholly owned subsidiaries are: PSEG Long Island LLC (PSEG LI), which operates the Long Island Power Authority’s (LIPA) electric transmission and distribution (T&D) system under a contractual agreement; PSEG Energy Holdings L.L.C. (Energy Holdings), which primarily holds our legacy lease investments and competitively bid, FERC regulated transmission; and PSEG Services Corporation (Services), which provides us and our operating subsidiaries with certain management, administrative and general services at cost.
Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Multi-Utilities
- Listed since
- 31 Mar 1948
- Employees
- 13,189
- Website
- corporate.pseg.com ↗
- Head office
- CORPORATE ACCOUNTING SERVICES, NEWARK, NJ, 07102-4194
- Incorporated in
- NJ
- Classification
- Electric & Other Services Combined
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Ralph LarossaChairman of the Board, President, Chief Executive Officer, since 2000$12.4m
- Mr. Daniel CreggChief Financial Officer, Executive Vice President$4.3m
- Ms. Kim HanemannPresident and Chief Operating Officer of PSE&G$3.6m
- Mr. Charles McfeatersPresident and Chief Nuclear Officer - PSEG Nuclear LLC$2.7m
- Ms. Sheila RostiacSenior Vice President - Human Resources, Chief Human Resources and Chief Diversity Officer - Services
- Ms. Grace ParkExecutive Vice President, General Counsel
- Ms. Tamara LindeExecutive Vice President, Chief Legal Officer$3.4m
- Mr. Richard ThigpenSenior Vice President - Corporate Citizenship - Services
- Ms. Rose ChernickVice President, Controller
- Ms. Susan TomaskyLead Independent Director$340,190
- Mr. Willie DeeseIndependent Director$333,690
- Ms. Jamie GentosoIndependent Director$300,190
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 90
- Environment
- 88
- Social
- 99
- Governance
- 83
- Direct emissions (scope 1)
- 549,002 t
- Energy emissions (scope 2)
- 782,083.68 t
- Value chain emissions (scope 3)
- 32,360,294 t
- Women in the workforce
- 18%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Public Service Enterprise Group (PSEG) Inc. has several strengths that contribute to its success and stability in the market. Firstly, PSEG benefits from a diverse portfolio of energy generation assets, including nuclear, natural gas, solar, and wind power facilities. This diversification allows PSEG to adapt to changing market conditions and reduce dependence on a single energy source. Additionally, PSEG has a strong financial position, enabling it to make strategic investments in renewable energy projects and infrastructure upgrades. Moreover, the company has a well-established reputation for delivering reliable and affordable energy services to its customers, bolstered by its extensive experience in the industry.
Weaknesses
- Despite its strengths, PSEG also faces certain weaknesses that may pose challenges to its operations. One notable weakness is the company's heavy reliance on regulated markets. This dependence on regulatory conditions and policies exposes PSEG to potential risks associated with changes in government regulations and policies. Moreover, being a large utility company, PSEG is subject to extensive government oversight and scrutiny, which may lead to increased compliance costs and bureaucratic delays. Additionally, the company's business operations are primarily focused on the Northeastern United States, limiting its geographical reach and market expansion opportunities.
Opportunities
- PSEG operates in an industry that offers several opportunities for growth and innovation. One significant opportunity lies in the increasing demand for clean and renewable energy sources. As governments and consumers continue to prioritize reducing carbon emissions, PSEG can capitalize on this trend by expanding its renewable energy portfolio and developing new clean energy technologies. Additionally, PSEG can benefit from the modernization of the electrical grid, which presents opportunities to improve grid reliability, enhance energy efficiency, and integrate advanced technologies. Furthermore, PSEG can explore strategic partnerships and acquisitions to expand its geographical presence and diversify its service offerings.
Threats
- PSEG is not immune to various threats facing the energy industry. One significant threat is the potential for increased competition from new market entrants, including smaller and more agile renewable energy companies. These new players may leverage innovative technologies and business models to gain market share and disrupt traditional utility business models. Another threat is the volatility of fuel prices, particularly in the natural gas market, which may impact PSEG's operating costs and profit margins. Additionally, PSEG may face opposition from environmental groups and communities concerned about the environmental impact of their energy generation activities. This opposition could result in regulatory challenges and delays in project approvals.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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