Public Service Enterprise Group Incorporated (PSEG) is a diversified energy utility holding company with two main operating segments: PSE&G, which operates as a regulated electricity and natural gas transmission and distribution utility serving New Jersey residential, commercial, and industrial customers, and PSEG Power, which owns and operates merchant nuclear generation facilities that sell capacity and energy into wholesale markets. PSE&G generates revenue through regulated delivery charges for transmission and distribution infrastructure, commodity supply services, and various regulatory recovery mechanisms including solar and energy efficiency programs. PSEG Power derives revenue from nuclear generation and capacity sales through the PJM Interconnection marketplace and bilateral contracts, as well as natural gas supply operations, supplemented by production tax credits and derivative hedging positions.