PSEG Cuts GHG Emissions 95% as It Doubles Down on Nuclear, Local Spending
Event summary
- PSEG achieved a 95% reduction in Scope 1 and 2 GHG emissions since 2005
- Nuclear plants provide 40% of New Jersey's total energy and 80% of its carbon-free supply
- $2.4B spent with New Jersey-based companies in 2025 (69% of total spend)
- Energy efficiency programs saved customers $1B annually
- PSE&G won JD Power's top customer satisfaction award for 4th straight year
The big picture
PSEG's report highlights the tension between regional economic priorities and national decarbonization goals. While its nuclear fleet provides critical carbon-free energy, the utility's heavy local spending commitments could create financial constraints as it pursues further emissions reductions. The company's ability to balance these priorities will be key as New Jersey's energy demands continue growing.
What we're watching
- Nuclear Reliance
- How PSEG's heavy dependence on nuclear generation will affect its decarbonization strategy as state energy policies evolve
- Regulatory Dynamics
- Whether New Jersey's commitment to local spending will sustain as economic conditions shift
- Customer Retention
- The pace at which PSEG can maintain its customer satisfaction leadership amid rising energy costs
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