What is Public Service Enterprise Group?
Regulated utility and clean energy company with Q1 2026 net income of $1.48 per share and 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share, headquartered in Newark, NJ.
- Category
- Regulated utility and clean energy company
- Headquarters
- Newark, NJ
- Founded
- 1985
- Employees
- Approximately 13,000+
- Total funding
- Public company; no VC funding
- Status
- Public company; NYSE: PEG
What is Public Service Enterprise Group?
Public Service Enterprise Group is a public regulated utility and clean energy company headquartered in Newark, NJ. As of June 2026, its public-company scale signals include Q1 2026 net income of $1.48 per share and 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share, millions of electric and gas customers through PSE&G plus Long Island operations, and New Jersey and Long Island utility and energy footprint.
Public Service Enterprise Group is a mature public company, not a venture-backed startup. Its latest public reporting and investor materials show Q1 2026 net income of $1.48 per share and 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share, Approximately 13,000+ employees, millions of electric and gas customers through PSE&G plus Long Island operations, and operations across New Jersey and Long Island utility and energy footprint. The company operates as a regulated utility infrastructure platform, so performance depends on reliability, safety, regulated returns or route density, capital execution, customer satisfaction, and disciplined procurement.
The operating footprint includes PSE&G electric service, PSE&G gas service, Transmission, Distribution, PSEG Long Island operations, and related programs that require long-term capital planning rather than short product cycles. Buyers evaluate vendors through the lens of service reliability, rate or margin impact, compliance, cyber risk, integration with field systems, and the ability to deliver without disrupting critical operations.
For B2B sellers, Public Service Enterprise Group should be treated as a multi-threaded enterprise account. Strong pitches attach to measurable outcomes such as uptime, field productivity, safety, customer experience, energy or water efficiency, fleet utilization, regulatory compliance, storm or route response, and lower cost to serve.
What does Public Service Enterprise Group offer?
Public Service Enterprise Group offers PSE&G electric service, PSE&G gas service, Transmission, Distribution, PSEG Long Island operations, Nuclear generation and related customer, infrastructure, and operating programs.
- PSE&G electric service· Core offering
- PSE&G gas service· Core offering
- Transmission· Core offering
- Distribution· Core offering
- PSEG Long Island operations· Adjacent offering
- Nuclear generation· Adjacent offering
- Clean-energy programs· Adjacent offering
- Energy efficiency· Adjacent offering
How does Public Service Enterprise Group make money?
Public Service Enterprise Group makes money through regulated rates, long-lived infrastructure, customer charges, contracted services, and capital programs tied to its regulated utility and clean energy company footprint.
Public Service Enterprise Group's business model is not SaaS pricing; there are no public per-seat tiers. Revenue is generated through tariffs, regulated rates, approved riders, customer bills, long-term contracts, commodity pass-throughs, municipal or commercial service agreements, or route and asset economics depending on the business line.
The main economic drivers are customer growth, allowed returns or pricing discipline, rate-base or asset growth, operating reliability, safety performance, storm or claims exposure, labor productivity, fuel and commodity costs, interest rates, and capital execution. Its current investment anchor is $22.5B to $25.5B 2026-2030 regulated capital investment program, which shapes procurement cycles and project funding.
Growth depends on practical operating levers: modernized infrastructure, better outage or route performance, faster interconnection or customer service, tighter asset management, cleaner data, stronger cybersecurity, and lower lifecycle cost. Vendors should quantify the operating metric they improve and expect business-owner, finance, procurement, legal, security, and technical review.
Who leads Public Service Enterprise Group?
Public Service Enterprise Group is led by Ralph LaRossa, Chair, President and Chief Executive Officer, with finance, operations, legal, technology, and business-unit leaders shaping major buying decisions.
- Ralph LaRossaChair, President and Chief Executive OfficerCEO since 2022Leads PSEG strategy, regulated utility investment, and nuclear/clean-energy positioning.
- Daniel CreggExecutive Vice President and Chief Financial OfficerCFO since 2015Leads finance, investor relations, treasury, and planning.
- Kim HanemannPresident and Chief Operating Officer, PSE&GUtility presidentLeads New Jersey electric and gas utility operations.
- Eric CarrPresident and Chief Nuclear Officer, PSEG NuclearNuclear leaderLeads nuclear generation operations and safety.
How do you contact Public Service Enterprise Group's leadership?
Public Service Enterprise Group publishes investor-relations, media, supplier, customer, or corporate contact routes, but it does not publish verified personal executive email addresses for the leaders below. Use official company contact channels and do not treat inferred personal email patterns as verified.
No verified public personal-executive email format; use official investor, media, supplier, or company contact routesHow much funding has Public Service Enterprise Group raised?
Public Service Enterprise Group is a mature public company (NYSE: PEG), so its capital profile is public equity, debt, operating cash flow, regulated or asset-backed investment, and acquisitions rather than venture funding rounds.
Public Service Enterprise Group has no current VC-style funding history to enumerate. The relevant capital history is its founding in 1985, public-company status as NYSE: PEG, operating cash flow, public debt and equity access, dividends, capital spending, and portfolio transactions.
As of June 2026, the strongest capital signal is Q1 2026 net income of $1.48 per share and 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share. The most useful forward-looking budget signal is $22.5B to $25.5B 2026-2030 regulated capital investment program; for sellers, that is more actionable than a private valuation because spend is approved through annual plans, regulatory filings, procurement controls, cyber review, and business-unit ROI.
Seller signal: budget exists where the proposal maps to strategic priorities and measurable operating outcomes. The strongest opportunities connect to reliability, resilience, safety, customer experience, compliance, labor productivity, asset utilization, field execution, data quality, cybersecurity, or lower cost to serve.
How did Public Service Enterprise Group get here?
Public Service Enterprise Group's history is defined by utility or environmental-services roots, public-market capital access, portfolio moves, leadership transitions, and current 2025-2026 operating execution.
- 1903Public Service predecessor formedNew Jersey utility roots begin.
- 1985PSEG holding company formedPublic Service Enterprise Group becomes the holding company.
- 2014PSEG Long Island operations beginPSEG starts operating the Long Island electric system under contract.
- 2022Ralph LaRossa becomes CEOPSEG completes leadership transition.
- 2025Capital plan outlinedPSEG highlights a $22.5B to $25.5B 2026-2030 regulated capital program.
- 2026Q1 2026 results announcedPSEG maintains 2026 operating earnings guidance.
Who are Public Service Enterprise Group's competitors?
Public Service Enterprise Group competes with public and private peers for customers, capital, labor, infrastructure projects, regulatory execution, technology partners, and operating performance.
- NextEra EnergyLarge regulated utility and renewables owner with Florida Power & Light scale.
- Southern CompanySoutheastern electric and gas utility with large regulated generation and grid investments.
- Duke EnergyMulti-state regulated electric and gas utility focused on grid modernization and generation transition.
- Dominion EnergyRegulated utility peer with electric, gas, and infrastructure assets.
- Xcel EnergyUpper Midwest and western utility peer with clean-energy and transmission investment programs.
Public Service Enterprise Group — frequently asked questions
