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PUB ENTRPR GP, (PEG) Stock Research Free Stock Rating
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Public Service Enterprise Group Incorporated operates as the utility holding company for Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (PSEG Power), and PSEG Energy Holdings LLC (Energy Holdings). PSE&G engages in the transmission, distribution, and sale of electric energy and gas service to commercial, residential, and industrial customers in New Jersey. It also offers appliance services and repairs to its customers. As of December 31, 2004, PSE&G provided services to approximately 2.1 million electric customers and approximately 1.7 million gas customers. PSEG Power operates as a multiregional, independent wholesale energy supply company primarily in the northeast United States. It integrates its generating asset operations with its wholesale energy, fuel supply, energy trading, and marketing and risk management functions. PSEG PowerÂ’s generation portfolio comprised approximately 14,607 MW of installed capacity, as of the above date. Energy Holdings, through its subsidiaries, operates as a power producer and distributor that owns and operates electric generation and distribution facilities primarily in North America, Europe, and the Middle East. It also invests in energy-related financial transactions and manages a portfolio of assets, including leveraged leases, operating leases, leveraged buyout funds, limited partnerships, and marketable securities. Public Service Enterprise Group was formed in 1985 and is headquartered in Newark, New Jersey.
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