Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company. The company’s operations are located primarily in the Northeastern and Mid- Atlantic United States. Subsidiaries and Operations The company’s subsidiaries include PSEG Power LLC (Power), Public Service Electric and Gas Company (PSE&G), and PSEG Energy Holdings L.L.C. (Energy Holdings). Power 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 through three principal direct wholly owned subsidiaries. Power’s subsidiaries are subject to regulation by the Federal Energy Regulatory Commission (FERC), the Nuclear Regulatory Commission (NRC), and the states in which they operate. Power also sells wholesale natural gas, primarily through a requirements Basic Gas Supply Service contract with PSE&G to meet the gas supply requirements of PSE&G's customers. The company owns approximately 13,466 megawatt (MW) of generation capacity located in the Northeast and Mid-Atlantic regions of the United States in some of the developed electricity markets. PSE&G PSE&G is an operating public utility engaged principally in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. PSE&G is subject to regulation by the New Jersey Board of Public Utilities (BPU) and the FERC. PSE&G also invests in solar generation projects and has implemented energy efficiency and demand response programs, which are regulated by the BPU. PSE&G distributes electric energy and gas to customers within a designated service territory running diagonally across New Jersey where approximately 6.2 million people reside. The company provides network transmission and point-to-point transmission services, which are coordinated with PJM Interconnection L.L.C., and provides distribution service to 2.2 million electric customers and 1.8 million gas customers in a service area that covers approximately 2,600 square miles running diagonally across New Jersey. It serves commercialized and industrialized territory in New Jersey, including its 6 cities and approximately 300 suburban and rural communities. PSE&G also offers appliance services and repairs to customers throughout its service territory. It is also the provider of last resort for gas and electric commodity service for end users in its service territory. As of December 31, 2013, PSE&G had 79 MW of installed solar capacity throughout New Jersey. As of December 31, 2013, PSE&G’s electric transmission and distribution system included 23,810 circuit miles, of which 8,235 circuit miles were underground, and 842,992 poles, of which 547,998 poles were jointly-owned. In addition, as of December 31, 2013, PSE&G owned four electric distribution headquarters and five subheadquarters in four operating divisions, all located in New Jersey. As of December 31, 2013, the daily gas capacity of PSE&G’s 100%-owned peaking facilities (the maximum daily gas delivery available during the three peak winter months) consisted of liquid petroleum air gas (LPG) and liquefied natural gas (LNG) and aggregated 2,790,420 therms (270,914,563 cubic feet on an equivalent basis of 100,000 Btu/therm and 1,030 Btu/cubic foot). As of December 31, 2013, PSE&G owned and operated 17,758 miles of gas mains, owned 12 gas distribution headquarters and two sub-headquarters, all in four operating regions located in New Jersey and owned one meter shop in New Jersey serving all such areas. In addition, PSE&G operated 62 natural gas metering and regulating stations, all located in New Jersey, of which 26 were located on land owned by customers or natural gas pipeline suppliers and were operated under lease, easement or other similar arrangement. In addition, as of December 31, 2013, PSE&G owned 42 switching stations in New Jersey with an aggregate installed capacity of 25,103 megavolt-amperes (MVA) and 246 substations with an aggregate installed capacity of 8,179 MVA. In addition, four of the company’s substations in New Jersey having an aggregate installed capacity of 109 MVA were operated on leased property. Energy Holdings Energy Holdings primarily owns and manages a portfolio of lease investments and solar generation projects and is exploring opportunities for additional investment in renewable generation. Certain Energy Holdings’ subsidiaries are subject to regulation by the FERC and the states in which they operate. History Public Service Enterprise Group Incorporated was founded in 1985. The company was incorporated under the laws of the state of New Jersey in 1985.
public service enterprise gp
80 Park Plaza
PO Box 1171
Newark, NJ 07101
|Calpine Corp||$23.60 USD||-0.24|
|EQT Corp||$102.71 USD||-3.04|
|Magellan Midstream Partners LP||$83.56 USD||-0.13|
|NRG Energy Inc||$35.36 USD||-0.19|
|ONEOK Inc||$66.68 USD||-0.36|
|View Industry Companies|
Sponsored Financial Commentaries
To contact PUBLIC SERVICE ENTERPRISE GP, please visit www.pseg.com. Company data is provided by Capital IQ. Please use this form to report any data issues.