Public Service Enterprise Group Inc, a publicly listed fir, operates as an energy firm.
It is a holding company that provides and operates in the electric and gas services in association with its subsidiaries.
The energy firm operates in a diversified business mix through Public Service Electric & Gas Co. (PSE&G) Public Service Enterprise Group Power (PSEG Power)
The company deals with the distribution and transmission of electricity and natural gas in specific regions in New Jersey. The PSEG group was formed in 1985 mainly for managing the operations of Public Service Electric and Gas Company (PSE&G)
Public Service Electric & Gas Co is a New Jersey-based firm that operates as the last resort of gas and electricity-related services for its customers located in the areas of its operations.
The firm, incorporated in 1928, claims to be the parent company’s one of the largest subsidiaries.
The segment has its operations in various regions in the United States. It is primarily an energy firm that offers integration services to the merchants operating in nuclear and fossil generating assets. This segment provides its services through its power marketing businesses by selling energy-related services and enhancing its supply mainly in the Northeast and the Mid-Atlantic United States.
In addition, the PSEG Power segment engages itself in selling energy commodities, such as the distribution of fuels and energy-related services. Its products and operating portfolio are comprised of energy services, capacity solutions, ancillary services, allowances of emissions, congestion credits, etc.
The energy holding company was founded in 1903 in Newark, New Jersey.
The US-based energy distributor operates and provides its services in United States, particularly in Mid-Atlantic and Northeastern region.
The energy firm’s stock trade with the ticker of ‘PEG’ on the New York Stock Exchange (NYSE). In addition, it is also among Dow Jones Utility Average (DJUA) and S&P 500 components.