Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. The PSEG Power segment engages in nuclear generation businesses; and supplies power and natural gas to nuclear power plants and gas storage facilities activities. As of December 31, 2023, it had electric transmission and distribution system of 25,000 circuit miles and 866,600 poles; 56 switching stations with an installed capacity of 39,953 megavolt-amperes (MVA), and 235 substations with an installed capacity of 10,382 MVA; 109 MVA aggregate installed capacity for substations; four electric distribution headquarters and five electric sub-headquarters; 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 56 natural gas metering and regulating stations; and 158 MegaWatts defined conditions of installed PV solar capacity. Public Service Enterprise Group Incorporated was founded in 1903 and is based in Newark, New Jersey.
Public Service Enterprise Group Incorporated is set to eliminate 126 jobs in North Carolina following the loss of a contract. This decision comes as part of a restructuring effort after the company was unable to secure a renewal for the contract that supported these positions. The layoffs are expected to take effect immediately, impacting the local workforce significantly. The company has not specified if these job cuts will affect specific departments or roles, but the decision reflects broader challenges in maintaining contracts within the utility services sector.
Public Service Enterprise Group Incorporated is set to lay off nearly 100 staff members at an airport following the conclusion of their contract. The layoffs are part of a transition as the company moves away from its current operational commitments at the location. While specific details regarding the timing of the layoffs have not been disclosed, the company has confirmed that these job cuts are imminent. This decision reflects the company's strategic adjustments in response to changing operational needs.
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