Public Service Electric & Gas Co (PSE&G), founded in 1903 and headquartered in Newark, New Jersey, serves as the largest provider of electric and gas utility services in the state. The company is dedicated to delivering safe, reliable, and affordable energy to more than 2 million customers across New Jersey, playing a critical role in the region's infrastructure and energy transition efforts. PSE&G's key services include electricity distribution, natural gas distribution, and a variety of energy efficiency programs aimed at reducing overall energy consumption.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
PSE&G has a long history of bond issuances, dating back to its early years as a public utility. Notable bond offerings included a $1 billion issuance in 2020 intended to fund infrastructure improvements and enhance its renewable energy initiatives. Currently, PSE&G bond yields are competitive within the utility sector, reflecting the company's strong credit ratings and commitment to stable financial performance. Additionally, some of its bonds come with green features, aligning with its goals to promote environmental sustainability.