PSEG Powers Campbell, Marcal Paper, New Jersey Transit, The Okonite Company, the Statue of Liberty and 65% of the State's Electric Vehicles
NEWARK, N.J., June 21, 2023 /PRNewswire/ -- In 2023, PSEG is celebrating 120 years of powering our lives – our homes, businesses, families and community – including iconic locations and customers across the state such as Campbell, Marcal Paper, New Jersey Transit, The Okonite Company, the Statue of Liberty and many more.
"120 years is a significant milestone for us, a testament to our current and former employees and the customers, neighbors and shareholders who have put their trust in us," said Ralph LaRossa, PSEG chair, president and CEO. "Public service is not just in our name, it's what we do. Since 1903 we have rolled up our sleeves to deliver safe, affordable and reliable services to homes and businesses across the region. We look forward to doing the same for the next 120 years."
The company began in 1903 as the Public Service Corporation, a combination of 400 gas, electric and trolley companies. The company has been headquartered in Newark since its founding.
In 1928, the company merged its electric and gas utilities into a single company, PSE&G. Public Service Enterprise Group Incorporated was formed in 1985 as a diversified energy company. PSEG has a rich history of keeping the lights on and homes and businesses warm while finding ways to fight climate change. This is part of our Powering Progress vision where people use less energy, it's cleaner, safer and delivered more reliably than ever.
PSEG is honored to celebrate this milestone and recognize the special bond we share with some of our customers who are also icons of the region:
In addition to our work with the region's leading companies, PSEG works hard to engage and support the communities where we live and work. Over the last 25 years, the PSEG Foundation has awarded over $125 million in grants through strategic partnerships, various programs including the Neighborhood Partners Program (NPP), and a robust employee-matching gift and volunteer grants program to help address social challenges at the root cause and positively impact the communities we serve.
Here's how we aim to power New Jersey into the next 120 years:
PSEG powers our region thanks to the many generations of hard working, loyal employees who often stay for their entire career, decade after decade. Read more about our many generations of dedicated employees here, "PSEG Celebrates Its Many Generations of PSEG Employees and Families that Helped Power 120 Years of New Jersey's Past, Present and Future."
About PSEGPublic Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, PSEG aims to power a future where people use less energy, and it's cleaner, safer and delivered more reliably than ever. PSEG's commitment to ESG and sustainability is demonstrated in our net-zero 2030 climate vision and participation in the U.N. Race to Zero, as well as our inclusion on the Dow Jones Sustainability North America Index and the list of America's most JUST Companies. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).
CONTACTS: Media RelationsMarijke Shugrue908-531-4253Marijke.Shugrue@pseg.com
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SOURCE PSEG