The report highlights a $12.8 million philanthropic commitment alongside a $2.4 billion spend with local suppliers and vendors throughout the year. Beyond direct economic stimulation, the company maintains a robust capital investment program, with plans to allocate between $22.5 billion and $25.5 billion toward critical infrastructure upgrades by 2030 to bolster grid reliability.
PSEG Reports $16.3 Billion Economic Contribution to New Jersey
Number: New Jersey utility giant PSEG generated $16.3 billion in total economic output for the state during 2025. The company’s latest Community Impact Update details how its massive infrastructure investments, philanthropic efforts, and regulated utility operations anchor the regional economy while fueling the transition toward a carbon-free energy future.
Energy efficiency remains a cornerstone of the utility's consumer-facing strategy, with programs that have helped customers reduce annual costs by more than $1 billion. Furthermore, the company’s nuclear operations continue to serve as a primary power source for the state, generating 40% of New Jersey’s electricity and contributing roughly $1.2 billion to the annual state GDP. Senior Vice President Rick Thigpen noted that these initiatives reflect the company’s core purpose of promoting statewide prosperity and long-term energy stability.
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