Short answers, pulled from the story.
PSEG was formally founded in 1985, though its roots trace back to 1903 when the Public Service Corporation was formed by combining more than 400 gas, electric, and transportation companies in New Jersey.
PSE&G, established in 1928, is PSEG's largest subsidiary and the oldest and largest investor-owned utility in New Jersey. It serves 1.8 million gas customers and 2.2 million electric customers across more than 300 communities.
PSEG launched Solar 4 All in 2009, installing solar panels on 200,000 utility poles at a cost of $773 million. At the time of its launch it was the largest project of its kind in the world; it was completed in 2013.
The Federal Energy Regulatory Commission approved the merger in 2005, but the deal collapsed after it failed to gain approval from the New Jersey Board of Public Utilities.
A senior LIPA committee unanimously recommended awarding the grid management contract to Quanta Services after a year-long review, but the LIPA board voted 6-1 to retain PSEG Long Island. In May 2025, the New York State Inspector General opened an investigation into potential undue influence on the decision.
According to Violation Tracker, PSEG's violations total more than $364 million across 33 cases. These include a $344.4 million air pollution penalty against PSEG Fossil LLC in 2002 and a $6.6 million energy market settlement in 2024.