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Public Service Enterprise Group Inc.

 

PEG

Public Service Enterprise Group Incorporated incorporated in 1985, is an exempt public utility holding company that operates through four principal direct wholly owned subsidiaries: Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power), PSEG Energy Holdings LLC (Energy Holdings) and PSEG Services Corporation (Services). The operating subsidiaries of Power are PSEG Fossil LLC, PSEG Nuclear LLC and PSEG Energy Resources & Trade LLC. The operating subsidiaries of Energy Holdings are PSEG Global LLC and PSEG Resources LLC. In May 2004, Global completed the sale of its majority interest in Carthage Power Company. In December 2004, it completed the sale of its 50% equity interest in Meiya Power Company Limited. In December, 2004, PSEG entered into an agreement and plan of merger with Exelon Corporation, a public utility holding company, whereby PSEG will be merged with and into Exelon.

 

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