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The Public Service Enterprise Group, Inc. (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey, US, established in 1985 with a legacy dating back to 1903. The company's largest subsidiary is Public Service Electric and Gas Company ( PSE&G ).
The Dow Jones Utility Average (DJUA, also known as the "Dow Jones Utilities") is a stock index from S&P Dow Jones Indices that tracks the performance of 15 prominent utility companies traded in the United States. [1]
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This ended PSE&G's role as a transportation provider, and it became exclusively an energy utility. In 1985, a new holding company, Public Service Enterprise Group , Inc. formed. The new holding company absorbed PSE&G and formed a second, non-utility subsidiary not subject to utility regulations, Enterprise Diversified Holdings, Inc. [ 17 ]
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On July 31, 2005, the Federal Energy Regulatory Commission approved the merger of Exelon and Public Service Enterprise Group, a New Jersey utility; [6] however, after 18 months, the two companies terminated the agreement due to pressure put on the New Jersey Board of Public Utilities by public interest groups, including New Jersey Citizen ...