Profile: Public Service Enterprise Group Inc (PEG.N)
2 Jul 2015
Public Service Enterprise Group Incorporated (PSEG), incorporated on July 25, 1985, is an energy holding company with operations located in the Northeastern and Mid- Atlantic United States. It conducts its business through two direct wholly owned subsidiaries: PSEG Power LLC (Power) and Public Service Electric and Gas Company (PSE&G). The Company’s other direct wholly owned subsidiaries are PSEG Energy Holdings L.L.C., which owns and manages a portfolio of lease investments; PSEG Long Island LLC, which operates the Long Island Power Authority's (LIPA) transmission and distribution system under a contractual agreement, and PSEG Services Corporation, which provides certain management, administrative and general services to PSEG and its subsidiaries.
PSE&G is an operating public utility engaged in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. It also offers appliance services and repairs to customers throughout its service territory. PSE&G also invests in solar generation projects.
Power is a multi-regional, wholesale energy supply company that integrates its generating asset operations and gas supply commitments with its wholesale energy, fuel supply and energy trading functions. Power also enters into contracts for energy, capacity, FTRs, gas, emission allowances and other energy-related contracts to optimize the value of its portfolio of generating assets and its electric and gas supply obligations. In addition to its nuclear and fossil generation fleet, Power owns and operates 109 megawatt (MW) direct current (dc) of photo-voltaic (PV) solar generation facilities and has a 50% ownership interest in a 208 MW oil-fired generation facility in Hawaii.
Public Service Enterprise Group Inc
Corporate Accounting Services
80 Park Plaza, 9Th Floor
NEWARK NJ 07102-4194