PSEG Energy Holdings L.L.C. · Newark, NJ United States
Company Description
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This link will open in a new window PSEG Energy Holdings is the holding company for two of Public Service Enterprise Group 's unregulated businesses -- international energy distribution and independent power production unit, PSEG Global , and its energy investment unit, PSEG Resources . PSEG Global owns interests in independent power plants and other energy assets, primarily in North America. PSEG Resources makes energy infrastructure investments, including marketable securities, operating and leveraged leases, leveraged buyout funds, and limited partnerships, in an attempt to produce steady earnings. To read the full description, subscribe now.
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Key PSEG Energy Holdings L.L.C. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 2,756 |
PSEG Energy Holdings L.L.C. Executives
5 executives listed for PSEG Energy Holdings L.L.C.'s Newark, NJ location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Ralph Izzo | Network |
| President | Randall Mehrberg | Network |
| EVP and CFO | Caroline Dorsa | Network |
Competition
Competitive Landscape for PSEG Energy Holdings L.L.C.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top PSEG Energy Holdings L.L.C. Competitors
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