New Jersey-based Public Service Enterprise Group Incorporated (PEG) operates in the electric and gas utility business in the United States. Valued at a market cap of $42.6 billion, the company principally operates through two key subsidiaries, which are PSEG Power LLC and Public Service Electric and Gas Company (PSE&G).
Companies valued at over $10 billion are typically classified as “large-cap stocks,” and PEG fits the label perfectly. The electric services company is known for its work in clean energy, nuclear power, and energy distribution and transmission, and as of December 31, 2023, the company had an electric transmission and distribution system of 25,000 circuit miles and 866,600 poles.
