Public Service Enterprise Group Inc (PEG) Company Profile...

Public Service Enterprise Group Inc (PEG) Company Profile 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. The Company is engaged in the transmission and distribution of electricity and natural gas. The Company's business consists of two segments: Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power). The Company's other direct 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 (T&D) system and PSEG Services Corporation (Services), which provides certain management, administrative and general services.

Public Service Electric and Gas Company PSE&G is a public utility company, which is 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. The Company's PSE&G products and services are transmission and distribution of electricity and gas. The Company's transmission service includes the movement of electricity at high voltage from generating plants to substations and transformers, where it is then reduced to a lower voltage for distribution to homes, businesses and industrial customers. The distribution service involves delivering of electricity and gas to a retail customer's home, business or industrial facility. It also offers appliance repair services. It offers distribution services in a service area that covers approximately 2,600 square miles running diagonally across New Jersey, including over six cities and approximately 300 suburban and rural communities.

PSEG Power LLC 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 transacting functions. Power also enters into contracts for energy, capacity, financial transmission rights (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 approximately 150 megawatt (MW) direct current (dc) of photo-voltaic (PV) solar generation facilities and has approximately 50% interest in an approximately 210 MW oil-fired generation facility in Hawaii. Its product and services include Energy, Capacity, Ancillary Services, and Emissions Allowances and Congestion Credits.