PSE&G

PSE&G is a leading energy company in the United States, providing electric and gas services to millions of customers in New Jersey. As a major player in the energy industry, PSE&G is committed to delivering safe, reliable, and efficient energy solutions, while also promoting sustainability and reducing its environmental footprint, in line with the goals of the Paris Agreement and the United Nations Framework Convention on Climate Change. With a strong focus on innovation and customer service, PSE&G has established itself as a trusted partner for ExxonMobil, General Electric, and other leading energy companies, as well as New Jersey Institute of Technology and Rutgers, The State University of New Jersey. Through its subsidiaries, including Public Service Electric and Gas Company, PSE&G is dedicated to supporting the economic development of New Jersey and contributing to the state's energy policy, in collaboration with the New Jersey Board of Public Utilities and the Federal Energy Regulatory Commission.

History

The history of PSE&G dates back to 1903, when the company was founded as the Public Service Corporation of New Jersey. Over the years, PSE&G has undergone significant transformations, including the acquisition of New Jersey Power and Light Company and the formation of Public Service Electric and Gas Company. Today, PSE&G is a subsidiary of Public Service Enterprise Group, a leading energy holding company that also owns PSEG Power and PSEG Long Island, and has partnerships with Siemens, ABB Group, and National Grid plc. PSE&G has played a crucial role in shaping the energy landscape of New Jersey, working closely with New Jersey Governors, such as Phil Murphy and Chris Christie, and United States Senators, including Cory Booker and Bob Menendez, to promote energy efficiency and reduce greenhouse gas emissions, in line with the goals of the Clean Power Plan and the Energy Independence and Security Act of 2007.

Operations and services

PSE&G provides a range of energy services to its customers, including electric and gas distribution, as well as energy efficiency programs and renewable energy solutions, in partnership with companies like Vestas and SunPower. The company operates a vast network of transmission lines and distribution lines, ensuring reliable energy delivery to homes and businesses across New Jersey, and has collaborations with PJM Interconnection and the Midcontinent Independent System Operator. PSE&G also offers a variety of energy management tools and services, helping customers to reduce their energy consumption and lower their bills, in line with the principles of the Energy Star program and the Smart Grid initiative. Through its customer service programs, PSE&G provides support and assistance to customers, including those who are struggling to pay their energy bills, in partnership with organizations like the Salvation Army and the Catholic Charities USA.

Environmental initiatives

PSE&G is committed to reducing its environmental impact and promoting sustainability in all aspects of its operations, in accordance with the principles of the United Nations Sustainable Development Goals and the Environmental Protection Agency's Clean Power Plan. The company has set ambitious targets to reduce its greenhouse gas emissions and has implemented a range of initiatives to achieve these goals, including the development of renewable energy sources, such as solar power and wind power, in partnership with companies like Tesla, Inc. and General Electric. PSE&G is also investing in energy efficiency programs and promoting the use of electric vehicles, in collaboration with Nissan and BMW, and has established partnerships with The Nature Conservancy and the World Wildlife Fund to protect and preserve natural habitats and ecosystems. Through its environmental stewardship programs, PSE&G is working to minimize its impact on the environment and promote a more sustainable future for New Jersey, in line with the goals of the New Jersey Department of Environmental Protection and the United States Environmental Protection Agency.

Corporate structure and regulation

PSE&G is a subsidiary of Public Service Enterprise Group, a leading energy holding company that is listed on the New York Stock Exchange (NYSE) under the ticker symbol PEG. The company is regulated by the New Jersey Board of Public Utilities and the Federal Energy Regulatory Commission, and is subject to various state and federal laws and regulations, including the Public Utility Holding Company Act of 2005 and the Energy Policy Act of 2005. PSE&G is also a member of various industry associations, including the Edison Electric Institute and the American Gas Association, and has partnerships with Exelon and Duke Energy. The company's corporate structure and governance are designed to ensure transparency, accountability, and compliance with all applicable laws and regulations, in line with the principles of the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Infrastructure and reliability

PSE&G operates a vast network of energy infrastructure, including transmission lines, distribution lines, and substations, to ensure reliable energy delivery to its customers, in partnership with companies like ABB Group and Siemens. The company invests heavily in the maintenance and upgrade of its infrastructure, using advanced technologies and materials to minimize the risk of outages and ensure the safe and efficient delivery of energy, in line with the principles of the Smart Grid initiative and the GridWise Alliance. PSE&G also has a robust emergency response plan in place, which enables the company to quickly respond to outages and restore energy service to its customers, in collaboration with Federal Emergency Management Agency and the American Red Cross. Through its infrastructure development programs, PSE&G is working to enhance the reliability and resilience of its energy grid, while also promoting energy efficiency and reducing its environmental impact, in partnership with organizations like the National Renewable Energy Laboratory and the Electric Power Research Institute.