PSEG Company History Timeline

(183 Jobs)
1903

The company was founded in 1903 and is headquartered in Newark, NJ.“

The Public Service Corporation was formed in 1903, by amalgamating more than 400 gas, electric and transportation companies in New Jersey.

The Public Service Enterprise Group (PSEG) was established in 1903 to take control of the Public Service Electric and Gas Company (PSE&G).

Public Service Corporation was formed in 1903 by combining more than 400 gas, electric and transportation companies in New Jersey.

1916

In 1916, Public Service provided more than 451 million passenger trips on its trolleys alone.

1928

In 1928, Public Service Railway Company and Public Service Transportation Company merged to form Public Service Coordinated Transport, which dominated trolley, and, later, bus travel in New Jersey.

In 1928, the corporation merged its electric and gas utilities into a single company, PSE&G. Also in 1928, Public Service Coordinated Transport was formed as an umbrella for the transit businesses.

1939

Thomas McCarter was named the Corporation’s first president and held the position until 1939.

1948

The parent Public Service Corporation was dissolved in 1948 and PSE&G became an independent company, with Public Service Coordinated Transport as a subsidiary.

1980

The Company’s involvement in transportation ended in 1980, when PSE&G sold its transportation system to the State of New Jersey.

1985

In 1985, The Board of Directors created Public Service Enterprise Group (PSEG) as a holding company.

In 1985, PSE&G reorganized as a holding company, Public Service Enterprise Group.

1989

In 1989, Public Service Enterprise Group establishes the Enterprise Diversified Holdings Inc.(now PSEG Energy Holdings) to begin consolidation of unregulated businesses.

2000

In connection with the restructuring of the industry in New Jersey, in 2000, the generation assets of PSE&G were transferred to PSEG Power, an electric generation and wholesale energy trading company.

In 2000, Public Service Enterprise Group split PSE&G subsidiary's unregulated national power generation assets to form PSEG Power, while the PSE&G subsidiary continued operating in New Jersey as a regulated gas and electric delivery company.

2009

In 2009, PSEG began installing solar panels on 200,000 utility poles in its service area in a project costing $773 million, the largest such project in the world.

2013

PSEG was ranked 276 on the Fortune 500 list for 2013.

PSEG was named to the Dow Jones Sustainability North America Index for the sixth consecutive year in 2013.

PSEG’s 2013 Sustainability Report highlights its accomplishments, and outlines the challenges the company faces in its quest to be a leader in providing safe, reliable, economic and greener energy.”

The Solar 4 All project increased the capacity for renewable energy in New Jersey and was completed in 2013.

2021

© 2021 Public Service Enterprise Group Incorporated.

Founded
1903
Company Founded
Headquarters
Newark, NJ
Company Headquarter

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