Sector: Utilities | Industry: Multiline Utilities |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Corporate Accounting Services 80 Park Plaza, 9Th Floor NEWARK NJ 07102-4194 |
Tel: | N/A |
Website: | https://corporate.pseg.com |
IR: | See website |
Key People | ||
Ralph A. Larossa Chairman of the Board, President, Chief Executive Officer | Daniel J. Cregg Chief Financial Officer, Executive Vice President | Kim C. Hanemann President and Chief Operating Officer of PSE&G |
Charles V. Mcfeaters President and Chief Nuclear Officer - PSEG Nuclear LLC | Tamara L. Linde Executive Vice President, General Counsel | Sheila J. Rostiac Senior Vice President - Human Resources, Chief Human Resources and Chief Diversity Officer - Services |
Richard T. Thigpen Senior Vice President - Corporate Citizenship - Services | Rose M. Chernick Vice President, Controller |
Business Overview |
Public Service Enterprise Group Incorporated is a regulated infrastructure company focused on a clean energy future. The Company principally conducts its business through two wholly owned subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (PSEG Power). The Company's segments include PSE&G and PSEG Power. The PSE&G segment is engaged principally in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. The PSE&G segment also invests in regulated solar generation projects and energy efficiency (EE) and related programs in New Jersey. The PSEG Power segment integrates the operations of its merchant nuclear generating assets with its fuel supply functions through energy sales via its principal direct wholly owned subsidiaries. The Company's other wholly owned subsidiaries are PSEG Long Island LLC (PSEG LI), PSEG Energy Holdings L.L.C. (Energy Holdings), and PSEG Services Corporation (Services). |
Financial Overview |
For the fiscal year ended 31 December 2023, Public Service Enterprise Group Inc. revenues increased 15% to $11.24B. Net income increased from $1.03B to $2.56B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from PSEG Power & Other segment income totaling $1.71B vs. loss of $511M, PSE&G segment income increase of 4% to $1.97B. |
Employees: | 12,543 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $52,637M as of Dec 31, 2023 |
Annual revenue (TTM): | $11,237M as of Dec 31, 2023 |
EBITDA (TTM): | $4,827M as of Dec 31, 2023 |
Net annual income (TTM): | $2,563M as of Dec 31, 2023 |
Free cash flow (TTM): | -$656.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $20,179M as of Dec 31, 2023 |
Shares outstanding: | 498,586,596 as of Feb 16, 2024 |
Index Membership: | S&P 500, Dow Utility |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |