Overall impact
D (39)

Commentary

PSEG is a below-average overall performer. With a 'D' rating of 39.2 for overall impact (bottom 25% of all companies), PSEG ranks 34th out of 62 industry peers, behind Exelon, Enel, ENGIE and 30 others, and ahead of Ausnet Services, Electranet, Interconexion Electrica and 25 others. On top material causes for PSEG's industry (Utilities), PSEG performs well in Renewable Energy Growth (95.0 score) and Renewable Energy Growth (96.6) and performs poorly in No Poverty (34.1 score), Technology Innovation (31.0), Renewable Energy Growth (32.5) and 12 other causes where it received a 'D' or 'F' score.
Impact
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Overall impact

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Company
Founded
1903
Employees
12,543
Sector
Utilities
Industry
Multi-Utilities
Sub-industry
Multi-Utilities
SASB industry
Electric Utilities & Power Generators
Headquarters
Nj, United States
Share classes
PEG
Mission
Committed to our customers, shareholders, employees and communities where we do business. We invest in the economy, environment and infrastructure to make the states where we operate, better places to live and work.
Description
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. The PSEG Power segment engages in nuclear generation businesses; and supplies power and natural gas to nuclear power plants and gas storage facilities activities. As of December 31, 2023, it had electric transmission and distribution system of 25,000 circuit miles and 866,600 poles; 56 switching stations with an installed capacity of 39,953 megavolt-amperes (MVA), and 235 substations with an installed capacity of 10,382 MVA; 109 MVA aggregate installed capacity for substations; four electric distribution headquarters and five electric sub-headquarters; 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 56 natural gas metering and regulating stations; and 158 MegaWatts defined conditions of installed PV solar capacity. Public Service Enterprise Group Incorporated was founded in 1903 and is based in Newark, New Jersey.
Material causes
Ethos considers the following causes material for PSEG, based on its industry sub-industry Multi-Utilities. Learn more about material causes in our methodology overview.

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