Public Service Enterprise Group, Inc.

Public Service Enterprise Group, Inc.

Public Service Enterprise Group, Inc.

Overview
Date Founded

1903

Headquarters

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

Type of Company

Public

Employees (Worldwide)

7,006

Industries

Power & Utilities
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 Public Service Electric & Gas Co. (PSE&G) and Power segments. 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

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & General Counsel of Company & PsE&G, Power

Chief Diversity Officer

Vice President & Head, Transition

President, PSEG Energy Resources & Trade LLC

President, PSEG Services Corporation

President & Chief Nuclear Officer PSEG Nuclear

President PSEG Services Corporation

President PSEG Nuclear

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Board of Directors

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.

Professional at Summit Midstream Partners LP

Former Chairman, President & Chief Executive Officer at CIT Group, Inc.

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

Director-Emeritus at Lincoln Center for the Performing Arts

Executive Partner at Siris Capital

Senior Executive Panel at The Valence Group LLC

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Owners & Shareholders
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NIM 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.Theme identification is the core of NIM's stock selection process. They only consider companies for investment which do business successfully within the designated theme; which are able to capitalize on the theme; and whose potential value is not reflected in their share price.Once they identify themes, they focus on sectors and companies that best represent the benefits of these themes, selecting them based on an analysis of their ability to exploit the opportunities offered by the theme.

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LSV Asset Management is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSV uses a strictly quantitative investment model to identify out-of-favor, undervalued stocks that have the potential for near-term appreciation. Their portfolios typically have a deep value orientation relative to the indices. Market timing is not part of LSV's process and portfolios are generally fully invested with cash levels usually below 2%.LSV selects individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions. The firm uses a proprietary investment model to rank a universe of stocks based on a combination of value and momentum factors that they believe are predictive of future stock returns. LSV then overlays strict risk controls that limit the over- or under-exposure of the portfolio to industry and sector concentrations. LSV limits exposures in individual securities to ensure the portfolios are broadly diversified. Portfolio turnover is approximately 30% for each strategy. LSV also offers socially responsible investment portfolios.

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AQR Capital Management employs a global, multi-asset research process. They offer a variety of products ranging from aggressive high volatility market-neutral hedge funds to low volatility benchmark-driven traditional products. Investment decisions are made using a series of proprietary global asset allocation, arbitrage and security selection models and are implemented using proprietary trading and risk management systems.

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Recent Transactions
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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

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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

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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.

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Advisors & Consultants
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Legal Advisor

Partner at Sidley Austin LLP

Legal Advisor

Partner at Kramer Levin Naftalis & Frankel LLP

Legal Advisor

Partner at Connell Foley LLP

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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: ComEd, PECO, BGE, Generation's Mid Atlantic, Midwest, New England, New York, ERCOT and other regions in Generation. The ComEd segment engages in energy delivery business, which consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in northern Illinois, including the city of Chicago. The PEC segment engages in energy delivery business, which consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in southeastern Pennsylvania, including the city of Philadelphia, as well as the purchase and regulated retail sale of natural gas and the provision of natural gas distribution services to retail customers in the Pennsylvania counties surrounding the city of Philadelphia. The BG segment engages in energy delivery business, which consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in central Maryland, including the city of Baltimore, as well as the purchase and regulated retail sale of natural gas and the provision of natural gas distribution services to retail customers in central Maryland, including the city of Baltimore. The Generation business consists of the generation, physical delivery and marketing of power across multiple geographical regions through its customer-facing business, Constellation, which sells electricity and natural gas to both wholesale and retail customers. 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.

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Key Stats and Financials As of 2016
Market Capitalization
$23.6B
Total Enterprise Value
$33.5B
Earnings Per Share
$1.75
Revenue
$8.83B
Net Profit
$887M
Total Debt
$11.8B
Total Equity
$13.1B
EBITDA
$3.03B
EBITDAMargin
34.34%
Enterprise Value Sales
3.79x
Enterprise Value EBITDAOperating
11.04x
TEVNet Income
37.75x
Debt TEV
0.35x
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Non-Profit Donations & Grants
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Political Donations
$250K
2015
$1,000
2013
$500
2013
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Political Donations Received
$250K
2015
$1,000
2013
$500
2013
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Investments
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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.

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Suppliers
Matrix Service Co. Other Business & Consulting Services | Wilmington, DE

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. The company operates through the following segments: Performance Improvement Solutions and Nuclear Industry Training & Consulting. 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 & Consulting segment provides nuclear operations instructors and other consultants to the nuclear power industry. GSE Systems 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.

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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