Is pseg gas or electric

 The Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey and was established in 1985 with a legacy dating back to 1903.

The company's largest subsidiary is Public Service Electric and Gas Company (PSE&G). The Public Service Electric and Gas Company is a regulated gas and electric utility company established in 1928 serving the state of New Jersey[3] and it is New Jersey's oldest and largest investor owned utility company; it was originally a subsidiary of the New-Jersey-based Public Service Corporation.

The Public Service Electric and Gas Company, commonly referred to as PSE&G, is the primary subsidiary of the Public Service Enterprise Group (PSEG) and was established in 1928.

The Public Service Corporation was formed in 1903 by combining more than 400 gas, electric and transportation companies in New Jersey. In 1928, the corporation merged its electric and gas utilities into a single company, PSE&G. Also in 1928, Public Service Coordinated Transport was formed as an umbrella for the transit businesses. The parent Public Service Corporation was dissolved in 1948 and PSE&G became an independent company, with Public Service Coordinated Transport as a subsidiary.

PSCT was renamed Transport of New Jersey in 1971, and sold to New Jersey Transit in 1980, leaving PSE&G exclusively in the utility business.[4]

In 1985, PSE&G reorganized its corporate structure by creating a new company called the Public Service Enterprise Group to serve as the holding company for PSE&G, the Public Service Enterprise Group became the owner of PSE&G.

Public Service Enterprise Group

The Public Service Enterprise Group (PSEG) was established in 1985[5] to take control of the Public Service Electric and Gas Company (PSE&G) which was established in 1928.

In 1989, Public Service Enterprise Group establishes the Enterprise Diversified Holdings Inc. (now PSEG Energy Holdings) to begin consolidation of unregulated businesses. In 2000, Public Service Enterprise Group split PSE&G subsidiary's unregulated national power generation assets to form PSEG Power, while the PSE&G subsidiary continued operating in New Jersey as a regulated gas and electric delivery company.[6]

In June 2005, the acquisition of PSEG by Exelon, a Chicago and Philadelphia based utility conglomerate, was approved by the Federal Energy Regulatory Commission; however, the deal was never consummated and eventually dissolved after it became clear that it would not win state regulatory approval from the New Jersey Board of Public Utilities.[7]

In 2009, PSEG began installing solar panels on 200,000 utility poles in its service area in a project costing $773 million, the largest such project in the world.[8][9] The Solar 4 All project increased the capacity for renewable energy in New Jersey and was completed in 2013.[10] In addition, PSEG is building four solar farms in Edison, Hamilton, Linden, and Trenton.[11]

In August 2020, about 400,000[12] customers on Long Island and 490,000 customers in New Jersey[13] under the jurisdiction of PSEG were left without power as a result of Hurricane Isaias. Although some got power back within hours of Isaias, some had to wait days for power to be restored. As of August 10, 2020, around 42,000 Long Island customers were still without power,[14] while around 20,000 New Jersey customers were without power.[15] State and local officials have called for more accountability from PSEG after the storm passed. Governor Andrew Cuomo[16] threatened to take away operating licenses from PSEG and ConEdison, while Nassau County Executive Laura Curran along with several state senators called for reimbursement to customers for their failure to respond quickly.

Public Service Electric and Gas Company (PSEG)

Public Service Electric and Gas Company (PSEG) was originally named the Public Service Corporation when it formed in 1903 as the result of the merging of over 400 transportation, gas and electric companies.  PSE&G is the largest subsidiary of PSEG – and is one of the largest combined power companies in the United States. Today PSE&G’s service area includes over 2600 square miles, ranging from Gloucester to Bergen counties.  Within this service area, PSE&G serves over 300 communities, providing gas and electricity services to 1.8 million and 2.2 million customers, respectively. 

In 1999, the New Jersey legislature created a deregulated energy policy giving PSE&G customers the opportunity to choose a competitive NJ electric supplier and/or NJ natural gas supplier. The main benefit to customers is that they can lower their electric and natural gas bills by choosing a competitive supplier that offers a lower rate for electricity or natural gas supply while the utility (PSEG) continues to deliver the power or gas to residents and businesses. 

PSE&G customers can switch to one of many competitive NJ electric suppliers and NJ gas suppliers by simply comparing rates and enrolling with that supplier.  As a customer who receives their supply from a competitive company, PSE&G will continue to send the same bill while simply reflecting the new supplier and rate a customer has chosen.  

Electric deregulation has become an easy way to save money for New Jersey residents and businesses providing utility customers with the ability to shop for a competitive supplier and lower their NJ electric rate and NJ natural gas rate to save money each month.  

Public Service Electric And Gas Company (PSE&G)

PSE&G is one of the largest combined electric and gas companies in the United States and is also New Jersey's oldest and largest publicly owned utility. The Public Service Corporation was formed in 1903 by amalgamating more than 400 gas, electric and transportation companies in New Jersey. It was renamed Public Service Electric and Gas Company in 1948. PSE&G is the largest subsidiary of PSEG.

PSE&G currently serves nearly three quarters of New Jersey's population in a service area consisting of a 2,600-square-mile diagonal corridor across the state from Bergen to Gloucester Counties. PSE&G is the largest provider of gas and electric service, servicing 1.8 million gas customers and 2.2 million electric customers in more than 300 urban, suburban and rural communities, including New Jersey's six largest cities. While new business ventures will play a vital role in the long-term growth and strength of the company, PSE&G remains primarily a regulated gas and electric delivery company.