Public Service Enterprise Group, Inc.

Public Service Enterprise Group, Inc.

Public Service Enterprise Group, Inc.

Overview
Date Founded

1985

Headquarters

80 Park Plaza, P.O. Box 1171, Newark, NJ, 07102, USA

Type of Company

Public

Employees (Worldwide)

7,318

Industries

Power & Utilities
Other Business & Consulting Services
Alternative Energy

Company Description

Public Service Enterprise Group, Inc. is a holding company, which engages in the provision of electric and gas services. It operates through the following two segments: Public Service Electric & Gas Co. (PSE&G) and Power. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas. The Power segment wholesales energy, fuel supply, and energy transacting functions. The company's products and services include energy, capacity, ancillary services, and emissions allowances and congestion credits. Public Service Enterprise Group was founded in 1903 and is headquartered in Newark, NJ.

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Executives & Employees

Chairman of the Board, President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Executive Vice President & Chief Financial Officer

Executive Vice President & General Counsel

Senior Vice President, Human Resources & Chief Human Resources Officer

Chief Diversity Officer

Senior Vice President of Human Resources & Chief Human Resources Officer

President, PSEG Energy Resources & Trade LLC

President & Chief Operating Officer, PsE&G

President, PSEG Services Corporation

Board of Directors

Former Chairman of the Board, President & Chief Executive Officer at Public Service Enterprise Group, Inc.

President at Rensselaer Polytechnic Institute

Advisor at Augmate Corp.

Former President, Manufacturing Division at Merck & Co., Inc.

Former Chief Financial Officer at American Electric Power Co., Inc.

Executive Partner at Siris Capital

Former Chairman, President & Chief Executive Officer at Foster Wheeler AG

Former General Manager Midstream at ConocoPhillips

Senior Executive Panel at The Valence Group LLC

President & Chief Executive Officer at RWJ Barnabas Health, Inc.

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Owners & Shareholders
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CWI employs a long-term, value-oriented global investment approach and a multiple portfolio manager system that combines teamwork and individual accountability. The firm is committed to maintaining low operating expenses, among the lowest in the fund industry. They utilize fundamental research to gather in-depth information on markets and companies around the world. CWI employs a security-by-security approach to portfolio construction and emphasize long-term investments. Their strategies focus on determining the difference between the fundamental value of a company and its price in the marketplace. CWI offers a wide variety of equity, fixed-income and balanced investment strategies. Their strategies are categorized as global, multi-regional and regional investment strategies.

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NIM-Denmark is an active manager which performs in-house research and follows a thematic investment process, employing top-down and bottom-up methods combined with defined themes based on major global structural changes. The firm's teams of portfolio managers perform top-down analysis to assess the aggregate economy, seeking to determine which industries will prosper and then conduct bottom-up analysis to identify potential companies.

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Zimmer seeks to achieve the clients' investment objectives primarily through individual security selection based on fundamental research and analysis. Their clients invest primarily in equity securities of electric and gas utilities, integrated utilities, water utilities, telecommunication companies, independent power producers and pipelines, exploration and production companies, oilfield services companies, renewable energy companies, and more broadly in energy and infrastructure-related industries.

Recent Transactions
Details Hidden

Spectra Energy Partners LP purchases PSEG Power LLC /Penneast Project from Public Service Enterprise Group, Inc.

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Public Service Enterprise Group, Inc., PSEG Solar Source LLC purchase Baywa Re Solar Projects GmbH /47 MWs-dc solar facilities from BayWa AG

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Public Service Enterprise Group, Inc., PSEG Solar Source LLC purchase BayWa r.e Solar Projects GmbH /6.6 Mw-Dc Solar Energy Faclt from BayWa AG

Insider Transactions
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Transaction Advisors
Accountant

Advised onInversiones PSEG Chile I Ltda, Public Service Enterprise Group, Inc. purchase Sociedad Austral de Electricidad SA from Empresas Copec SA

Investment Advisor

Advised onSociedad Austral de Electricidad SA /Private Group purchases Sociedad Austral de Electricidad SA from Public Service Enterprise Group, Inc.

Auditor

Advised onPublic Service Enterprise Group, Inc. issued Common Stock

Legal Advisor

Advised onSociedad Austral de Electricidad SA /Private Group purchases Sociedad Austral de Electricidad SA from Public Service Enterprise Group, Inc.

Legal Advisor

Advised onSociedad Austral de Electricidad SA /Private Group purchases Sociedad Austral de Electricidad SA from Public Service Enterprise Group, Inc.

Legal Advisor

Advised onSociedad Austral de Electricidad SA /Private Group purchases Sociedad Austral de Electricidad SA from Public Service Enterprise Group, Inc.

Advisors & Consultants
Legal Advisor

Partner at Sidley Austin LLP

Legal Advisor

Partner at Kramer Levin Naftalis & Frankel LLP

Legal Advisor

Partner at Connell Foley LLP

Clients

Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. The company operates through the following segments: Mid Atlantic, Midwest, New England, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina. The Midwest segment represents operations in the western half of PJM, which includes portions of Illinois, Pennsylvania, Indiana, Ohio, Michigan, Kentucky and Tennessee, and the United States footprint of MISO, excluding MISO's Southern Region, which covers all or most of North Dakota, South Dakota, Nebraska, Minnesota, Iowa, Wisconsin, the remaining parts of Illinois, Indiana, Michigan and Ohio not covered by PJM, and parts of Montana, Missouri and Kentucky. The New England (NE) segment represents the operations within (International Standards Organization) ISO-NE covering the states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. The New York (NY) segment represents operations within ISO-NY, which covers the state of New York in its entirety. The ERCOT segment represents operations within Electric Reliability Council of Texas, covering most of the state of Texas. Exelon was founded in February 1999 and is headquartered in Chicago, IL.

For more than 180 years, Consolidated Edison, Inc. has served the world's most dynamic and demanding marketplace - metropolitan New York. Con Edison's principal business segments are Consolidated Edison Company of New York's regulated electric, gas and steam utility activities, Orange & Rockland Utilities' (O&R) regulated electric and gas utility activities, and Con Edison's competitive energy businesses. Con Edison of New York provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers in New York City and Westchester County. The company also provides steam service in parts of Manhattan. O&R provides electric service to 301,000 customers in southeastern New York and adjacent areas of northern New Jersey and eastern Pennsylvania and gas service to 130,000 customers in southeastern New York and adjacent areas of eastern Pennsylvania. Con Edison's competitive energy businesses participate in segments of the electricity industry that are less comprehensively regulated than our regulated businesses. These segments include the operation of electric generation facilities, trading of electricity and fuel, sales of electricity to wholesale and retail customers, and sales of certain energy-related goods and services. Con Edison Solutions sells electricity directly to delivery-service customers of utilities primarily in the Northeast and Mid-Atlantic regions and also offers energy-related services. Con Edison Development participates in infrastructure projects. During the second quarter of 2008, Con Edison Development and its subsidiary, CED/SCS Newington, LLC, completed the sale of their ownership interests in power generating projects with an aggregate capacity of approximately 1,706 MW. Con Edison Energy procures electric energy and capacity for Con Edison Solutions and fuel for other companies. It sells the electric capacity and energy produced by plants owned, leased, or operated by others. The company also provides energy risk management services to Con Edison Solutions, offers these services to others, and enters into wholesale supply transactions. As a result of our performance, we have been able to increase our dividend each of the past 38 years. Few companies can match that achievement. We remain committed to providing our shareholders a superior, low-risk, long-term total return.

FirstEnergy (NYSE: FE) is a diversified energy company dedicated to safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes one of the nation's largest investor-owned electric systems and a diverse generating fleet with a total capacity of more than 20,000 megawatts.

Key Stats and Financials As of 2018
Market Capitalization
$28.8B
Total Enterprise Value
$41.7B
Earnings Per Share
$2.83
Revenue
$9.88B
Net Profit
$1.44B
EBITDA
$3.84B
EBITDAMargin
38.89%
Total Debt
$15.5B
Total Equity
$14.4B
Enterprise Value Sales
4.22x
Enterprise Value EBITDAOperating
10.85x
TEVNet Income
28.98x
Debt TEV
0.37x
Three Year Compounded Annual Growth Rate Of Revenue
-0.35%
Five Year Compounded Annual Growth Rate Of Revenue
-0.41%
Political Donations
$250K
2015
$1,000
2013
$500
2013
Investments
Details Hidden

Linden Generating Station is a 25 MW gas-fired cogeneration plant located in Linden, New Jersey. Linden sells power, steam, water, and air to General Motors (GM) under a long-term contract. The GM Linden plant makes light trucks for sale throughout the U.S. Linden uses commercially proven technology and has been operational since 1999. The Fund sold its interest in Linden in July 2006.

Suppliers
Matrix Service Co. Other Business & Consulting Services | Tulsa, OK

Since 1984, Matrix Service Company employees have earned our company a reputation for outstanding performance across North America. Through our businesses - Matrix Service, Matrix SME and Matrix PDM Engineering - we're known for completing even the most demanding projects on time, to the highest quality standards and, above all, safely. In all the services we provide - from engineering, electrical and construction to fabrication, maintenance and repair - the proof is in our performance.

GSE Systems, Inc. Power & Utilities | Sykesville, MD

GSE Systems, Inc. provides real-time high-fidelity simulation. It provides simulation, educational, and engineering solutions and services to the nuclear and fossil electric utility industry and the chemical and petrochemical industries. It operates through the Performance Improvement Solutions and Nuclear Industry Training and Consulting segments. The Performance Improvement Solutions segment includes simulation products, engineering services, and operation training systems delivered across the industries. This segment primarily nuclear and fossil fuel power generation, and the process industries. The Nuclear Industry Training and Consulting segment provides nuclear operations instructors and other consultants to the nuclear power industry. The company was founded on March 30, 1994 and is headquartered in Sykesville, MD.

Lime Energy Co. Other Consumer Durables | Huntersville, NC

Lime Energy Co. engages in the provision of utilities with customer relationship services. It provides energy efficiency for small business customers and designs and implements direct install programs for its utility clients. It engages in energy efficiency services which include program design, program management, marketing and customer recruitment, auditing and installation of energy conservation measures for small business customers of utilities or public utility commissions. The company was founded on December 5, 1997 and is headquartered in Newark, NJ.

Awards & Honors
Rank #272
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #272
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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