Company Information
Over 100 Years of Service to New Jersey
The Public Service Corporation was formed in 1903, by amalgamating more than 400 gas, electric and transportation companies in New Jersey. Thomas McCarter was named the Corporation's first president and held the position until 1939.
Internally, Public Service consolidated its gas and electric interests into Public Service Electric and Gas, and its transportation interests into Public Service Coordinated Transport (later Transport of New Jersey). Concerns about the concentration of economic power resulted in federal and state actions requiring the breakup of utilities. In 1943, Public Service once again became a stand-alone company, and was renamed Public Service Electric and Gas Company (PSE&G) in 1948.
Our History
Our company was founded in Newark and its headquarters have remained in the city, even as many other companies moved to the suburbs. Our founder, Thomas McCarter, was part of the influential McCarter family and instrumental in the early growth of Newark as New Jersey’s largest city.
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The PSEG Family of Companies
Public Service Enterprise Group Inc. (PSEG) is a diversified energy company headquartered in Newark, N.J. Established in 1903, the company has long had a key role in fueling New Jersey's economy and supporting the state's quality of life. PSEG's principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island.
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Facts & Figures
Public Service Enterprise Group Inc. (PSEG) is a publicly traded (NYSE:PEG) diversified energy company headquartered in New Jersey, and one of the ten largest electric companies in the U.S.
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Awards & Recognition
Our company has received many awards and recognition over the years.
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