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Public Service Enterprise Group Incorporated

Industry: Electric Utilities

Fortune Rank: 186

Public Service Enterprise Group is a public utility holding company with four wholly owned subsidiaries: Public Service Electric & Gas, PSEG Power LLC, PSEG Energy Holdings Inc. and PSEG Services Corporation. For the 6 months ended 6/30/05, revenues increased 4% to $5.75B. Net income from cont. ops. decreased 4% to $393M. Revenues reflect higher sales volume. Earnings were offset by increased depreciation expenses.

Public Service Enterprise Group Incorporated (PSEG), 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 (Fossil), PSEG Nuclear LLC (Nuclear) and PSEG Energy Resources & Trade LLC (ER&T). The operating subsidiaries of Energy Holdings are PSEG Global LLC (Global) and PSEG Resources LLC (Resources). 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. On December 20, 2004, PSEG entered into an agreement and plan of merger (Merger Agreement) with Exelon Corporation (Exelon), a public utility holding company, whereby PSEG will be merged with and into Exelon.

Public Service Enterprise Group Incorporated

Public Service Enterprise Group Incorporated is a Fortune 500 company. In 2010 Public Service Enterprise Group Incorporated was ranked number 186 on the Fortune 500 list, making it the 186th largest company in the United States when judged by revenue.

Public Service Enterprise Group Incorporated achieved revenue of $12,406.00 million in 2010 and earned a profit of $1,592.00 million.

Public Service Enterprise Group Incorporated' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 186th compared to 190th in 2009. This was based on its 2009 revenue of $13,741 million (a change of -1 million compared to 2010) and profits of $1,188 million (a change of $0 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Public Service Enterprise Group Incorporated would be ranked 85th rather than 186th due to its profits of $1,592 in 2010.

* US$ Million

• Address
  • Public Service Enterprise Group Incorporated
    80 Park Plaza
    Newark
    NJ
    07101
• Contact Details
  • Phone: 973-430-7000
  • Fax: 973-430-5845
  • Website: www.pseg.com
  • Stock Symbol: PEG

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