Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company. The company’s operations are located primarily in the Northeastern and Mid- Atlantic United States. Subsidiaries and Operations The company’s principal direct operating subsidiaries include PSEG Power LLC (Power), Public Service Electric and Gas Company (PSE&G), and PSEG Energy Holdings L.L.C. (Energy Holdings). Power Power is a multi-regional, wholesale energy supply company that integrates its generating asset operations and gas supply commitments with its wholesale energy, fuel supply and energy trading functions through its principal direct wholly owned subsidiaries. Power’s subsidiaries are subject to regulation by the Federal Energy Regulatory Commission (FERC), the Nuclear Regulatory Commission (NRC), and the states in which they operate. Power also sells wholesale natural gas, primarily through a requirements Basic Gas Supply Service (BGSS) contract with PSE&G to meet the gas supply requirements of PSE&G's customers. In addition to its nuclear and fossil generation fleet, Power owns and operates 109 megawatt (MW) direct current (dc) of PV solar generation facilities and has a 50% ownership interest in a 208 MW oil-fired generation facility in Hawaii. PSE&G PSE&G, an operating public utility, engages in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. PSE&G is subject to regulation by the New Jersey Board of Public Utilities (BPU) and the FERC. PSE&G also invests in solar generation projects and has implemented energy efficiency and demand response programs in New Jersey, which are regulated by the BPU. PSE&G distributes electric energy and gas to customers within a designated service territory running diagonally across New Jersey where approximately 6.2 million people reside. The company is a transmission owner in PJM Interconnection, L.L.C. (PJM) and the company provides distribution service to 2.2 million electric customers and 1.8 million gas customers in a service area that covers approximately 2,600 square miles running diagonally across New Jersey. It serves commercialized and industrialized territory in New Jersey, including its 6 cities and approximately 300 suburban and rural communities. PSE&G also offers appliance services and repairs to customers throughout its service territory. It is also the provider of last resort for gas and electric commodity service for end users in its service territory. As of December 31, 2014, PSE&G had 99MWdc of installed solar capacity throughout New Jersey. As of December 31, 2014, PSE&G’s electric transmission and distribution system included 23,872 circuit miles, of which 8,191 circuit miles were underground, and 846,058 poles, of which 548,854 poles were jointly-owned. Approximately 100% of this property is located in New Jersey. In addition, as of December 31, 2014, PSE&G owned four electric distribution headquarters and five sub headquarters in four operating divisions, all located in New Jersey. As of December 31, 2014, the daily gas capacity of PSE&G’s 100%-owned peaking facilities (the maximum daily gas delivery available during the three peak winter months) consisted of liquid petroleum air gas and liquefied natural gas and aggregated 2,790,420 therms (270,914,563 cubic feet on an equivalent basis of 100,000 Btu/therm and 1,030 Btu/cubic foot). As of December 31, 2014, PSE&G owned and operated 17,792 miles of gas mains, owned 12 gas distribution headquarters and 2 sub-headquarters, all in 4 operating regions located in New Jersey and owned 1 meter shop in New Jersey serving all such areas. In addition, PSE&G operated 62 natural gas metering and regulating stations, all located in New Jersey, of which 26 were located on land owned by customers or natural gas pipeline suppliers and were operated under lease, easement or other similar arrangement. In addition, as of December 31, 2014, PSE&G owned 43 switching stations in New Jersey with an aggregate installed capacity of 28,777 megavolt-amperes (MVA) and 246 substations with an aggregate installed capacity of 8,179 MVA. In addition, four of the company’s substations in New Jersey having an aggregate installed capacity of 109 MVA were operated on leased property. Energy Holdings Energy Holdings has investments in leveraged leases. The company’s other direct wholly owned subsidiaries include PSEG Long Island LLC (PSEG LI), which, effective January 1, 2014, operates the Long Island Power Authority's (LIPA) transmission and distribution (T&D) system under a 12-year Amended and Restated Operations Services Agreement (OSA); and PSEG Services Corporation (Services), which provides certain management, administrative and general services to PSEG and its subsidiaries at cost. Environmental Matters Our facilities are subject to federal regulation under the Clean Air Act. History Public Service Enterprise Group Incorporated was founded in 1985. The company was incorporated under the laws of the state of New Jersey in 1985.
public service enterprise gp
(PSE:German Stock Exchange)
80 Park Plaza
PO Box 1171
Newark, NJ 07101
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