About this book:

*Public Serv. Enterprise Inc.: The Story of An American Company* chronicles the remarkable journey of Public Service Enterprise Group (PSEG), a foundational force in New Jersey's economic and social development for over a century. From its audacious 1903 genesis, consolidating hundreds of disparate gas, electric, and transit companies, to its modern identity as a leading energy enterprise, this book unveils PSEG's relentless evolution. Under visionary leaders like Thomas McCarter, the company navigated the challenges of early 20th-century industrialization, the Great Depression, and two World Wars, continually adapting its services—from pioneering diesel-electric buses to modernizing critical energy infrastructure—to power the lives of millions.

This compelling narrative details PSEG's strategic pivots, including the pivotal 1928 restructuring that birthed Public Service Electric and Gas (PSE&G) as a dedicated utility and its later transformation into the diversified Public Service Enterprise Group in 1985. Discover how PSEG expanded its reach into competitive power generation, embracing nuclear energy as a cornerstone of its carbon-free journey, and managing the intricate dynamics of its unique role operating the Long Island Power Authority's grid. The book highlights the company’s financial resilience, its commitment to a century-long dividend history, and its substantial investments in grid modernization to ensure reliability and prepare for future demands from electrification and data centers.

More than a corporate history, *Public Serv. Enterprise Inc.* illuminates PSEG's deep-rooted commitment to sustainability, evidenced by aggressive net-zero carbon targets, divestment from fossil fuels, significant methane emission reductions, and extensive energy efficiency programs. It also showcases the company's profound investment in its people and communities, fostering a diverse workforce and championing social justice initiatives through philanthropic endeavors. This is the story of an American company that not only powered progress but continually redefined its mission to build a cleaner, safer, and more equitable energy future for New New Jersey and beyond.

What You'll Find Inside:

• Chronicles the evolution of Public Service Enterprise Group (PSEG) from its 1903 founding as a consolidation of 400+ gas, electric, and transit companies into a modern energy leader.
• Highlights PSEG's pivotal role in New Jersey's urban transformation, including pioneering innovations in public transportation like the world's first diesel-electric bus fleet.
• Details PSEG's strategic shifts, from the 1928 creation of PSE&G and its independence after the 1935 PUHCA, to the 1985 formation of Public Service Enterprise Group as a diversified holding company.
• Explores PSEG's ambitious transition towards a sustainable, carbon-free future, driven by significant investments in nuclear power, solar energy, methane reduction, and electric vehicle infrastructure.
• Examines PSEG's financial resilience, disciplined capital investment in grid modernization, and commitment to customer affordability, workforce development, and community well-being.

Who's It For:

This book is for anyone interested in the history of American industry, particularly the evolution of public utilities and energy companies. It will appeal to business historians, energy sector professionals, investors seeking insights into regulated utilities and competitive energy markets, and residents of New Jersey curious about the company that powered their state's growth for over a century.