PSEG Power LLC · Newark, NJ United States
Company Description
Phone: 973-430-7000
Fax: 973-623-5389
Toll Free: 800-436-7734
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This link will open in a new window Absolute power may corrupt absolutely, but PSEG Power LLC absolutely markets power. The company, created in 1999, is the independent power production and energy marketing subsidiary of Public Service Enterprise Group (PSEG). The unit manages PSEG Nuclear LLC (operating the Salem and Hope Creek generating stations) and PSEG Fossil LLC (which includes gas, oil, coal, and natural gas) power plants. PSEG Power has installed capaity of about 13,700 MW. Its PSEG Energy Resources and Trade unit buys and sells wholesale power, natural gas, and other energy commodities throughout New England, Connecticut, Illinois, New Jersey, New York, Ohio, and Virginia. To read the full description, subscribe now.
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Key PSEG Power LLC Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $7,770.0 |
| Employees | 2,538 |
PSEG Power LLC Executives
23 executives listed for PSEG Power LLC's Newark, NJ location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Ralph Izzo | Network |
| President, COO, and Director | William Levis | Network |
| VP and Controller | Derek Di Risio | Network |
Competition
Competitive Landscape for PSEG Power LLC
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top PSEG Power LLC Competitors
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