PSE&G is New Jersey's oldest and largest utility, powering the lives of 2.4 million electric customers and 1.9 million gas customers in New Jersey. PSEG Long Island provides electricity to 1.1 million customers on Long Island. PSEG Nuclear produces approximately 40% of New Jersey's total energy, and 85% of New Jersey's clean energy.

We continue to get ready for the future by keeping operational excellence at the forefront of our work, making investments to keep our utilities best-in-class, advancing our energy efficiency initiatives, supporting our carbon-free nuclear fleet and continuing to focus on affordability. We are Powering Progress.

Our Powering Progress Vision

Powering Progress is a future where people use less energy, and it's cleaner, safer and delivered more reliably than ever.

Our Values

• As we pursue our Powering Progress vision, we are guided by our values.
• We are committed to the safety, security and well-being of our employees and communities.
• We are our customers' trusted partners and have their backs.
• We anticipate the challenges ahead and meet them responsibly with ingenuity and courage.
• We treat people with respect and dignity, and embrace each other's differences. 
• We do what's right.

Statement from our CEO

"Looking ahead, New Jersey, our region and the world are changing, reshaping industries and economies, while increasing our reliance on energy. We are changing with it," said Ralph LaRossa, PSEG Chair, President and Chief Executive Officer. "At PSEG, we are embracing a strategic approach that includes updating our infrastructure to prepare for the future while reducing emissions and fostering a culture where our workforce is equipped to operate in an evolving energy landscape while we strive to keep customer bills affordable."

To see Ralph LaRossa's full letter to shareholders, please see our 2024 Annual Report.

Our Investments

PSE&G is working to ready our systems for the future. In our 2024 Annual Report, we outline our plans for a $21 billion to $24 billion regulated capital investment plan from 2025 through 2029 focused on infrastructure modernization, meeting growing energy demand from customers and state policy goals.

Over the next six years, we plan to invest approximately $2.9 billion into our Clean Energy Future – Energy Efficiency II Program, which funds PSE&G's energy efficiency offerings.

Through the Infrastructure Advancement Program, we are modernizing the grid to support increased charging demands at the neighborhood level. Over the past 15 years, PSE&G has made significant investments in our electric transmission infrastructure.