Public Service Enterprise Group Incorporated Overview
Pro stress-test →PSEG operates in the regulated utility and energy infrastructure sector through subsidiaries including Public Service Electric & Gas (PSE&G), focusing on electric and gas transmission and distribution, as well as nuclear generation and related energy services. The company delivered non-GAAP operating earnings at or above guidance for the 21st consecutive year and has raised its dividend for the 15th consecutive year, extending a 119-year dividend track record.
Strategic Profile
Pro stress-test →PSEG is executing a $24-28 billion 2026-2030 capital spending plan with $22.5-25.5 billion in regulated investments expected to deliver 6-7.5% annual rate base growth through 2030. The company's nuclear fleet operates with high efficiency (91.2% capacity factor in 2025) and produces carbon-free baseload power critical to regional energy security.
Competitive Landscape
Pro stress-test →PSEG received consensus "Moderate Buy" rating with ten analysts rating buy, five hold, and one strong buy. The company competes with other Northeast utilities and benefits from regulated duopoly position in New Jersey. Primary competitive advantages include high-efficiency nuclear fleet, customer satisfaction rankings, and favorable rate structure.
Industry Context
Public Service Enterprise Group Incorporated operates in Electric & Gas Utilities.
Key facts
Founded: 1903 · Headquarters: Newark, NJ · Revenue: $12.17B