|Exchange:||New York Stock Exchange|
|Stock:||Public Service Enterprise Group Inc|
|Industry:||Utilities - Diversified|
|Public Service Enterprise Group was incorporated under the laws of the State of New Jersey in 1985. PSEG has four principal direct wholly owned subsidiaries: PSE&G, Power, Energy Holdings and PSEG Services Corporation. New Jersey's Electric Distribution Companies EDCs, including PSE&G, provide two types of Basic Generation Service BGS. BGS is the default electric supply service for customers who do not choose a third party to source their electric supply requirements. PSE&G provides electric and gas service in areas of New Jersey in which approximately 5.5 million people, about 70% of the state's population, reside. BGS-Fixed Price FP provides supply for smaller commercial and residential customers at seasonally adjusted fixed prices. Power is a multi-regional, wholesale energy supply company that integrates its generating asset operations with its wholesale energy, fuel supply, energy trading and marketing and risk management functions through three principal direct wholly owned subsidiaries: Nuclear, Fossil and ER&T. Energy Holdings has two principal direct wholly owned subsidiaries, which are also its segments: Global and Resources. Global owns investments in power producers and distributors that own and operate electric generation and distribution facilities in selected domestic and international markets. Resources invests in energy-related financial transactions and manages a diversified portfolio of assets, including leveraged leases, operating leases, leveraged buyout funds, limited partnerships and marketable securities. PSEG and its subsidiaries are subject to the rules and regulations relating to environmental issues promulgated by the U.S. Environmental Protection Agency EPA, the U.S. Department of Energy DOE and other regulators. Services provide management and administrative services to PSEG and its subsidiaries. These include accounting, legal, communications, federal affairs, human resources, information technology, treasury and financial, investor relations, stockholder services, real estate, insurance, risk management, tax, library, research and information services, security, corporate secretarial and certain planning, budgeting and forecasting services.|
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