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PSEG’s Impact Update Shows $12.8M Corporate, Foundation Giving; $16.3B Economic Output

Posted by Meadowlands Media Staff August 7, 2026

Public Service Enterprise Group (PSEG) released its 2025 Community Impact Update, highlighting how its business supports New Jersey’s communities, economy and energy infrastructure while reinforcing the company’s longstanding focus on public service.

PSEG, founded over 120 years ago, is the parent company of PSE&G, New Jersey’s largest utility, which serves over 2.4 million electric customers and 1.9 million gas customers statewide, and the operator of the state’s only nuclear power plants, delivering over 80% of the state’s carbon-free energy. The utility is also one of New Jersey’s largest employers, with the majority of its approximately 13,000 employees living and working in the communities PSE&G serves.

“Public service is not just our name, it’s our purpose, it guides our work and enhances our value to New Jersey,” Rick Thigpen, PSEG’s Senior Vice President of Corporate Citizenship, said in a statement.

“The 2025 Community Impact Update demonstrates how this business and its employees, promote prosperity and strengthen communities across the state while supporting a more reliable energy future,” Thigpen added.

Community Impact Update

PSEG’s 2025 Community Impact Update details how PSEG’s operations span the state and support New Jersey’s economy, including:

  • An estimated $16.3 billion in total economic output to New Jersey.
  • A regulated capital investment program which will invest $22.5 billion to $25.5 billion into our critical infrastructure through 2030 and bolster reliability.
  • Our $2.4 billion spend with New Jersey-based suppliers and vendors in 2025.
  • About $12.8 million in total philanthropic giving in 2025
  • The significant amount of taxes PSEG pays to the state annually, including $37 million in property taxes alone in 2025.
PSEG Impact Report

The Community Impact Update also highlights the impact of our nuclear plants, which provide over 40% of the state’s electricity and make important contributions to the Salem County region, and play a large role in the and New Jersey economy. The plants are responsible for about $1.2 billion in annual state GDP.

Additionally, the document shares how PSEG’s award-winning energy efficiency programs have helped customers save more than $1 billion annually.

View the full 2025 Community Impact Update here.

Upcoming Sustainability Report

While the Impact document focuses on PSEG’s statewide economic and community footprint, the forthcoming 2026 Sustainability Report will provide a comprehensive view of the company’s industry leading sustainability program, highlighting PSEG’s work to strengthen the communities we serve, operate responsibly and support a more reliable energy future.

The Sustainability Report, which will launch in the coming weeks, will explore areas such as workforce development, support for our communities, environmental stewardship, customer affordability and support, and the role of our nuclear plants. It will also offer new insights, feature stories about employees and initiatives and provide detailed data on PSEG’s work.

Examples of data found in the 2026 Sustainability Report:

  • Overall sustainability efforts, including the achievement of a 95% reduction in operational emissions from the 2005 baseline
  • Waste management practices, including that in 2025, more than 91 percent of all waste generated by the utility was recycled
  • The impact its $1.5 million December 2025 Community Relief initiative had on the nonprofit partners who received funding

Together, the 2025 Impact document and the upcoming Sustainability Report provide a broader view of how PSEG cares for customers, communities, employees and the state of New Jersey while helping build a more reliable and sustainable energy future.

About PSEG

Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey’s largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it’s safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Best in Class North America Index for 18 consecutive years. PSEG’s businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).

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