enterprise group inc. type public traded as nyse peg s & p 500 component dow jones utility average component industry utilities founded 1903 headquarters newark new jersey u.s. key people ralph izzo pres. ceo caroline dorsa evp cfo revenue us 9.968 billion 2013 1 us 9.781 billion 2012 1 operating income us 2.299 billion 2013 1 us 2.278 billion 2012 1 net income us 1.243 billion 2013 1 us 1.275 billion 2012 1 total assets us 32.522 billion 2013 1 us 31.725 billion 2012 1 total equity us 11.609 billion 2013 1 us 10.781 billion 2012 1 number of employees 10 352 2009 2 subsidiaries pse & g pseg power pseg energy holdings website www.pseg.com public service enterprise group pseg founded as the public service corporation of new jersey and later renamed public service electric and gas company pse & g is a publicly traded diversified energy company headquartered in newark new jersey . the company s largest subsidiary retains the old pse & g name . new jersey s oldest and largest investor owned utility public service electric and gas company is a regulated gas and electric utility company serving the state of new jersey . 3 contents 1 history 2 corporate structure 3 operations 4 system information 5 environmental record 6 see also 7 references 8 external links history edit public service logo alternate logo using more common pse & g name displayed on some pages on the pseg website as of 2012 the public service corporation was formed in 1903 by amalgamating more than 400 gas electric and transportation companies in new jersey . it was renamed public service electric and gas company in 1948 . the transportation operations of pse & g were purchased by new jersey transit in 1980 leaving pse & g exclusively in the utility business . in 1985 public service enterprise group pseg formed as a holding company and in 1989 established enterprise diversified holdings inc. now pseg energy holdings to begin consolidation of its unregulated businesses . in 2000 pse & g split its unregulated national power generation assets to form pseg power while pse & g continued operating in new jersey as a regulated gas and electric delivery company . 4 in june 2005 the acquisition of pseg by exelon a chicago and philadelphia based utility conglomerate was approved by the federal energy regulatory commission ; however the deal was never consummated and eventually dissolved after it became clear that it would not win state regulatory approval from the new jersey board of public utilities . 5 in 2009 pseg began installing solar panels on 200 000 utility poles in its service area in a project costing 773 million the largest such project in the world . 6 7 the solar 4 all project increased the capacity for renewable energy in new jersey and was completed in 2013 . 8 in addition pseg is building four solar farms in edison hamilton linden and trenton . 9 corporate structure edit 80 park plaza general information type office location park plaza newark new jersey completed 1980 owner public service enterprise group height roof 110 m 360 ft technical details floor count 26 references 10 11 12 public service enterprise group consists of four companies public service electric and gas pse & g pseg long island llc pseg power pseg fossil pseg nuclear pseg energy resources and trade pseg energy holdings pseg global pseg solar source llc pseg resources pseg services corporation 13 operations edit kearny plant pse & g serves the population in an area consisting of a 2 600 square mile 6 700 km2 diagonal corridor across the state from bergen to gloucester counties . 14 15 pse & g is the largest provider of gas and electric service servicing 1.8 million gas customers and 2.2 million electric customers in more than 300 urban suburban and rural communities including new jersey s six largest cities . pseg nuclear operates three nuclear reactors at two facilities in lower alloways creek township . pseg owns one reactor at hope creek nuclear generating station and operates two reactors at salem nuclear power plant where pseg nuclear holds a 57 percent stake in partnership with exelon corporation . exelon also operates two reactors at peach bottom nuclear generating station in a 50 50 joint venture with pseg . 16 pseg long island provides electricity to 1.1 million customers in nassau and suffolk counties and the rockaway peninsula of queens part of new york city . 17 this system operates under an agreement with the long island power authority the state agency that owns the system that went into effect january 1 2014 . 18 pseg was selected to essentially privatize lipa taking over near complete control of the system including its brand name whereas before this agreement only a number of functions were performed by the private sector and the system was operated under the lipa name . system information edit pseg s transmission line voltages are 500 000 volts 345 000 volts 230 000 volts and 138 000 volts with interconnections to utilities in pennsylvania delaware and new york . the company s subtransmission voltages are 69 000 volts and 26 000 volts . pseg s distribution voltages are 13 000 volts and 4 160 volts . environmental record edit in 2001 pseg received the walter b. jones memorial and noaa excellence awards in coastal and ocean resource management 19 in the category of excellence in business leadership for its estuary enhancement program . 20 researchers at the university of massachusetts amherst have identified pseg as the 48th largest corporate producer of air pollution in the united states with roughly five million pounds of toxic chemicals released annually into the air . 21 major pollutants indicated by the study include manganese chromium and nickel salts ; sulfuric and hydrochloric acid . 22 see also edit public service railway newark public service terminal references edit a b c d e f g h i j public service enterprise group inc 2013 annual report form 10 k xbrl . united states securities and exchange commission . february 26 2014 . peg profile for public service enterprise group yahoo finance . finance.yahoo.com . 2009 12 31 . retrieved 2010 04 26 . pse & g . public service enterprise group incorporated . retrieved 28 july 2013 . company history . public service enterprise group incorporated . retrieved 28 july 2013 . press releases . pseg.com . archived from the original on december 24 2007 . retrieved 2010 03 12 . pse & g plans 773m for solar panels on 200k utility poles . the star ledger . february 10 2009 . retrieved january 19 2011 . pse & g to install 105 pole mounted solar panels in the borough of magnolia . borough of magnolia . march 6 2010 . retrieved january 19 2011 . sroka holzmann pamela july 27 2010 . pse & g installing solar panels in hillsborough . courier news . archived from the original on december 3 2010 . retrieved january 19 2011 . pse & g selects sites and developers for 4 nj solar projects totaling 12 mw pdf . pseg . january 6 2010 . retrieved january 19 2011 . 80 park plaza . emporis.com . retrieved 2010 07 30 . 80 park plaza . skyscraperpage.com . retrieved 2009 07 30 . newark community economic development corporation . bcdcnewark.org . our company overview our companies . public service enterprise group incorporated . retrieved 26 july 2013 . electric utilities territory map . new jersey board of public utilities . retrieved 28 july 2013 . gas utilities territory map . new jersey board of public utilities . retrieved 28 july 2013 . about our plants . public service enterprise group incorporated . retrieved 28 july 2013 . freidman alex january 2 2014 . pse & g says new subsidiary on long island won t divert resources from n.j. . he star ledger . missing or empty url help ; access date requires url help lipa press release . lipa board selects pseg to operate the long island electric grid . lipa december 15 2011 . noaa awards details page . oceanservice.noaa.gov . 2009 01 09 . retrieved 2010 03 24 . overview of the pseg epp program . pseg.com . archived from the original on june 19 2008 . retrieved 2010 03 24 . peri toxic 100 air polluters table . political economy research institute university of massachusetts amherst . 2006 05 11 . archived from the original on 2011 10 01 . retrieved 2015 09 25 . based on 2004 analysis of 2002 data . ash michael 2007 . toxic 100 detailed company report public service enterprise group inc. pseg . rtknet.org political economy research institute university of massachusetts amherst . archived from the original on 2007 09 27 . retrieved 2015 09 25 . external links edit wikimedia commons has media related to pse & g headquarters . official website v t e dow jones utility average components aes american electric power american water works company centerpoint consolidated edison dominion duke edison international exelon firstenergy nextera nisource pg & e pseg southern company retrieved from https en.wikipedia.org w index.php title public service enterprise group & oldid 742407629 categories public service enterprise grouppower companies of the united statesenergy companies established in 1903non renewable resource companies established in 1903companies based in newark new jerseycompanies listed on the new york stock exchangecompanies in the dow jones utility average1903 establishments in new jerseyhidden categories pages using web citations with no urlpages using citations with accessdate and no urlcommons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschespa olfran ais edit links this page was last modified on 3 october 2016 at 14 35 . text is available under the creative commons attribution sharealike license ; 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