Determined to avoid electric supply problems that had surfaced in states including California, PSEG Power invested in wholesale markets in both New Jersey and New York, and was dedicated to building additional capacity in its home state to ensure adequate power supplies. The Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey and was established in 1985 with a legacy dating back to 1903. The "Email Alerts" link at PNY Split History View All Customer Service Center Locations. All future decisions regarding dividends on the common stock are subject to approval by the Board of Directors. The parent Public Service Corporation was dissolved in 1948 and PSE&G became an independent company, with Public Service Coordinated Transport as a subsidiary. PSE&G is a public utility, which is engaged in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey; and PSEG Power is a multi-regional energy supply company that integrates the operations of its merchant nuclear and fossil generating assets with its power marketing businesses and fuel supply functions through energy sales in energy markets primarily in the Northeast and Mid-Atlantic United States. SO Split History If you or a member of your household rely on electricity to operate life-sustaining equipment, it’s important that you notify us. If you have a general inquiry or wish to request any document, please connect with our Investor Relations team. By 2001, PSEG had successfully transformed itself from a traditional utility to a global energy firm. Along with its domestic operations, PSEG continued its international expansion in the new millennium. Even though the governor appoints five of the nine trustees to serve on the LIPA Board, he cited LIPA's inability to quickly recover from Hurricane Sandy among other incidents. , In 2012 and 2013, LIPA and National Grid caught much media criticism in their response to Hurricane Sandy. © 2020 Public Service Enterprise Group Incorporated. October 6, 2020 October 15, 2020; PSEG Foundation to Fund First-of-Its-Kind Police Reform Initiative by Rutgers University Center on Policing .
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