PSEG

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About PSEG

With headquarters in Newark, New Jersey, PSEG offers electricity services 3 states in the nation. A total of 2,897,074 residential customers, 376,515 commercial accounts, 2 transportation customers and 6,671 industrial accounts receive their electricity from the company. PSEG's customers spend, on average, 19.49 cents per kilowatt hour for their electricity, resulting in the supplier ranking 2865th out of 2923 in the US for average electricity rate. They sold 74,132,018 megawatt hours through wholesale channels to other electricity providers in 2020. Of the megawatt hours they sourced, 1,984,886 of them were generated by electricity generation plants owned by the supplier and 114,386,608 megawatt hours were acquired via the wholesale market. The revenue for PSEG for 2020 from electricity sales was $11,506,853,800, with $2,203,922,700 coming from sales to the wholesale market and $6,877,426,000 from retail sales to end users.

The average monthly residential electric bill for a customer of PSEG is $126.09 per month. Based on megawatt hours produced, PSEG is the 24th largest supplier out of 3509 in the United States. Of the 3509 companies in the United States, PSEG has the 8th highest total electricity generation from nuclear power facilities. PSEG produces 57,718,154.35 megawatt hours from their generation facilities, which ranks them as the 24th largest producer of electricity out of 3509 providers in the nation.

PSEG Net Metering

Offering net metering to customers is a win-win situation for PSEG and any citizens who receive their electricity from the company. Net metering makes solar panel installation more economically viable as it allows individuals to sell electricity back to the provider.

Energy Loss

Energy loss is part of the process when working with electricity transmission. PSEG currently averages a loss of approximately 5.20% of the aggregate electricity they transmit. The national average energy loss is 2.76%. This results in PSEG receiving a ranking of 953rd best out of 3509 suppliers in the United States.

PSEG Rate & Electric Bills

PSEG residential electric rates are highest in January and the highest average bill is in December.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.205/kWh$0.166/kWh$216.20/mo.$81.06/mo.
2865th19.49¢PSEG's Average residential price per kWh
2053rd$126.09Average monthly electricity bill for PSEG's residential customers

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PSEG Overview

  • Company Type:Investor Owned
  • Subsidiary Company:PSEG Long Island
  • Headquarters:80 Park Plaza, T19
    Newark, New Jersey 07102
    United States of America
  • CEO:Kim C. Hanemann

PSEG Contact

PSEG Service

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Quick Facts About PSEG

Roughly 2.61% of PSEG's total electricity comes from the use of coal.

PSEG produces 540,733 megawatt hours of electricity (or 0.94% of their total production) from solar.

Consumers of PSEG deal with an average of 0.8 power outages each year, with outages lasting an average of 65.95 minutes.

PSEG generates 22,294,862.73 megawatt hours using natural gas and ranks 25th out of 3509 companies in the United States for this category.

PSEG generates 540,733 megawatt hours (or 0.94% of their total generation) from the use of sustainable fuels in their generation facilities.

PSEG produces 99.06% of their total electricity production from non-renewable fuels. The total electricity produced from non-renewable sources is 57,177,421.35 megawatt hours, which is 21st highest out of 3509 providers in the United States.

Energy provider of the year for Florida, Major Provider Category
Highest Ratio of Renewable Electricity
Florida, Major Provider Category
Claim Award
Energy provider of the year for Delaware, Major Provider Category
Highest Ratio of Renewable Electricity
Delaware, Major Provider Category
Claim Award
Energy provider of the year for Ohio, Major Provider Category
Highest Ratio of Renewable Electricity
Ohio, Major Provider Category
Claim Award

Energy Loss

PSEG's energy loss due to business operations.

-5.20%

Total Energy Loss

2,201,199MWh

953 National Rank

Grid Reliability

Length & Frequency of PSEG's Power Outages

65.95 min.

vs. national average of 122.99 min.

0.8 outages/yr

vs. national average of 1.21

PSEG Energy Makeup

PSEG Coverage Map

Coverage Map Placeholder

PSEG State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
New Jersey2,131,7453,450,218,570150.72%
New York1,148,5163,969,135,644249.28%
Pennsylvania811,730,000102

PSEG County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Bergen County955,7325819.03$302.60/mo
Burlington County461,8605920.23$290.10/mo
Camden County523,4855620.88$293.17/mo
Essex County863,7285718.09$269.62/mo
Gloucester County302,2945622.19$305.03/mo
Hudson County724,8545518.11$268.88/mo
Mercer County387,3405718.07$270.09/mo
Middlesex County863,1625818.04$272.19/mo
Monmouth County643,6155717.90$279.32/mo
Morris County509,2855917.89$279.24/mo

Power Plants Owned by PSEG

PlantCity/CountyStatePrimary Fuel TypeProduction (MWh)Emission (kg)Emissions/MWhToxic Chemical ReleaseClosing Date
York County PA Nuclear 22,267,715
PSEG Salem Generating StationPSEG (57.41%)Exelon Corporation (42.59%)
Salem County NJ Nuclear 19,033,540
Oswego County NY Nuclear 15,528,174
PSEG Hope Creek Generating StationPSEG (100.00%)
Salem County NJ Nuclear 9,294,324
KeystoneKeystone Power LLC (3.70%)PSEG (10.26%)ArcLight Capital (57.03%)Talen Energy (12.34%)Keystone Power Pass-Through Holders LLC (16.67%)
Armstrong County PA Coal 7,086,2387,082,960,742.85999.54
ConemaughPSEG (11.57%)Conemaugh Power LLC (3.72%)UGI Corporation (3.07%)ArcLight Capital (46.03%)Talen Energy (19.15%)Conemaugh Power Pass-Through Holders LLC (16.45%)
Indiana County PA Coal 6,817,904.026,597,191,503.21967.63
Bethlehem Energy CenterPSEG (100.00%)
Albany County NY Natural Gas 4,966,7731,834,807,424.66369.42
Keys Energy CenterPSEG (100.00%)
Croom CDP MD Natural Gas 4,523,5791,713,697,550.18378.84
PSEG Linden Generating StationPSEG (100.00%)
Linden NJ Natural Gas 3,892,661.011,575,383,319.58404.71
Bridgeport StationPSEG (100.00%)
Bridgeport CT Natural Gas 3,521,1841,250,954,816.86355.27

PSEG Fuel Makeup

NUCLEAR
Nuclear
Nuclear
Nuclear
Nuclear
Nuclear
Nuclear
56.75%
NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
Natural Gas
38.63%
COAL
Coal
2.61%
RESIDUAL FUEL OIL
Residual Fuel Oil
1.08%
SOLAR
Solar
0.94%
OTHER
Other
-0.01%

Cities PSEG Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

PSEG Reviews

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PSEG FAQ:

How many states does PSEG sell electricity to?

PSEG supplies electricity to customers in 3 states.

What percentage of PSEG's electricity is generated from renewable fuel types?

Electric facilities owned by or associated with PSEG generate 0.94% of their electricity using renewable fuel sources.

What is the average BUNDLED electricity rate for PSEG customers?

The average BUNDLED price of electricity for customers of PSEG is 19.49 cents per kilowatt hour (¢/kWh).

Does PSEG have any subsidiary companies?

PSEG owns PSEG Long Island.

How much is the average bundled bill for PSEG customers each month?

Customers of PSEG pay, on average, a monthly bundled bill of $126.09.

How many counties does PSEG have customers in to?

There are 16 counties that receive at least some electricity coverage by PSEG including New York, Pennsylvania, and New Jersey.

When will PSEG power be restored?

Average outage times for PSEG are about 65.95 minutes per outage.

What is the phone number for PSEG?

PSEG's customer service phone number is (800) 436-7734

How many power plants are owned by or associated with PSEG?

PSEG owns or is associated with 47 power plants.

Who is the CEO of PSEG?

The CEO of PSEG is Kim C. Hanemann.

What cities does PSEG sell electricity in?

PSEG has customers in 348 cities.

What percentage of PSEG's electricity is produced from nonrenewable fuel sources?

PSEG produces 99.06% of their electricity from nonrenewable fuels.

Last Reviewed By: Matt Hope
Published: 2022-09-20