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The Public Service Electric and Gas Company, commonly referred to as PSE&G, is the primary subsidiary of the Public Service Enterprise Group (PSEG) and was established in 1928. The Public Service Corporation was formed in 1903 by combining more than 400 gas, electric and transportation companies in New Jersey.
The Long Island Power Authority is the owner of the system and holder of its debt. On July 29, 2013 the state legislature passed a law implementing Governor Cuomo's plan. On January 1, 2014 PSEG rebranded the LIPA system "PSEG Long Island", effectively removing the LIPA name from the public eye.
PSE was formed in 1997 when two of its largest ancestral companies – Puget Sound Power & Light Company and Washington Energy Company – merged. [21] Puget Sound Power and Light was itself preceded by several companies that were founded in the 1870s and 1880s and built the region's first hydroelectric plant at Snoqualmie Falls in 1898. [22]
PSE&G has additional personnel ready to respond to power outages, and we encourage customers to take the time now to prepare.” New Jersey Gov. Phil Murphy encouraged residents to monitor their ...
It is owned by PSEG Nuclear LLC and Constellation Energy. In 2019, New Jersey began providing the state's nuclear plants Zero-Emission Certificates worth $300 million a year to keep them in service. The subsidy was ended in 2024, effective June 1, 2025, as the Inflation Reduction Act provides alternative tax credits to support clean energy. [2]
“PSE’s electric net revenue will increase by $223 million on Jan. 1, 2023, followed by an additional increase of $38 million on Jan. 1, 2024; PSE’s natural gas net revenue will increase by ...
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