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Public Service Enterprise Group

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The Public Service Enterprise Group, Inc. ( PSEG ) is a publicly traded diversified energy company headquartered in Newark , New Jersey , US, established in 1985 with a legacy dating back to 1903.

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108-533: The company's largest subsidiary is Public Service Electric and Gas Company ( PSE&G ). The Public Service Electric and Gas Company is a regulated gas and electric utility company established in 1928 serving the state of New Jersey and it is New Jersey's oldest and largest investor owned utility company; it was originally a subsidiary of the New Jersey–based Public Service Corporation . PSE&G/PSEG origins date back to 1903 with

216-560: A Swedish Empire colony. Established as a haven for religious and political tolerance, the colonial-era Province of Pennsylvania was known for its relatively peaceful relations with native tribes, innovative government system , and religious pluralism . Pennsylvania played a vital and historic role in the American Revolution and the ultimately successful quest for independence from the British Empire , hosting

324-567: A 57 percent stake (in partnership with Exelon Corporation ). The three plants receive $ 300 million per year in subsidies. Exelon also operates two reactors at Peach Bottom Nuclear Generating Station in a 50/50 joint venture with PSEG. PSEG Long Island provides electricity to 1.1 million customers in Nassau and Suffolk counties, and the Rockaway Peninsula of Queens , part of New York City . This system operates under an agreement with

432-1045: A Farmer in Pennsylvania, To the Inhabitants of the British Colonies , which were published in the Pennsylvania Chronicle between December 2, 1767, and February 15, 1768. When the Founding Fathers convened in Philadelphia in 1774, 12 colonies sent representatives to the First Continental Congress . The Second Continental Congress , which began in May 1775, authored and signed the Declaration of Independence in Philadelphia, but when Philadelphia fell to

540-766: A century, the Pennsylvania General Assembly met at various places in the Philadelphia area before it began meeting regularly in Independence Hall in Philadelphia for 63 years. However, events such as the Paxton Boys massacres of 1763 had made the legislature aware of the need for a central capital. In 1799, the General Assembly moved to the Lancaster Courthouse. The Pennsylvania General Assembly met in

648-568: A decrease in the efficiency of monopolistic companies. To protect the interests of consumers from unjustified overpricing and substandard service, there are special regulatory bodies whose powers are regulated by the Law "On Natural Monopolies" and other regulatory acts. Main functions: Interaction at different levels: It is important to note that the powers to regulate the activities of natural monopolies are distributed between federal and local authorities.  Effective coordination of their actions

756-526: A governmental body may attempt to improve its image or attract investment. Traditionally, public services have been provided by public legal entities, which operate much like corporations, but differ in that profit is not necessary for a functional business. A significant factor in government ownership has been to reduce the risk that an activity, if left to private initiative, may be considered not sufficiently profitable and neglected. Many utilities are essential for human life, national defense, or commerce, and

864-451: A heavy snowstorm, presumably because of a faulty flue . The General Assembly met at a nearby Methodist Church until a new capitol could be built. Following an architectural selection contest, Chicago architect Henry Ives Cobb was asked to design and build a replacement building. However, the legislature had little money to allocate to the project. When they dubbed the roughly finished, somewhat industrial Cobb Capitol building complete,

972-457: A leader in technology and healthcare. Similarly, Philadelphia has a concentration of university expertise. Healthcare, retail, transportation, and tourism are some of the state's growing industries of the postindustrial era. As in the rest of the nation, most residential population growth has occurred in suburban rather than central city areas, although both major cities have had significant revitalization in their downtown areas. Philadelphia anchors

1080-532: A power and utilities industry outlook report by Deloitte identified a number of trends for the utilities industry: Issues faced by public utilities include: Alternative pricing methods include: Utility stocks are considered stable investments because they typically provide regular dividends to shareholders and have more stable demand. Even in periods of economic downturns characterized by low interest rates , such stocks are attractive because dividend yields are usually greater than those of other stocks, so

1188-491: A public utility is a question that was being discussed with the rise of internet usage. This is a question that was being asked due to the telephone service being considered a public utility. Since arguably broadband internet access has taken over telephone service, perhaps it should be a public utility. The Federal Communications Commission (FCC) in the United States in 2015 made their stance on this issue clear. Due to

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1296-453: A service using that infrastructure). Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies . Public utilities are meant to supply goods and services that are considered essential; water , gas , electricity , telephone , waste disposal , and other communication systems represent much of the public utility market. The transmission lines used in

1404-426: A single company, PSE&G. Also in 1928, Public Service Coordinated Transport was formed as an umbrella for the transit businesses. The parent Public Service Corporation was dissolved in 1948 and PSE&G became an independent company, with Public Service Coordinated Transport as a subsidiary. PSCT was renamed Transport of New Jersey in 1971, and sold to New Jersey Transit in 1980, leaving PSE&G exclusively in

1512-549: A slow return of capital ; last, technical difficulties can occur in the management of plurality of networks, example in the city subsoil . Public pressure for renewable energy as a replacement for legacy fossil fuel power has steadily increased since the 1980s. As the technology needed to source the necessary amount of energy from renewable sources is still under study, public energy policy has been focused on short term alternatives such as natural gas (which still produces substantial carbon dioxide ) or nuclear power . In 2021

1620-520: A system with an administrative nature of relations, where the authorities have the authority to issue mandatory instructions for these companies. Proponents of such a system emphasize that it allows the authorities to directly influence the commercial activities of public utilities, ensuring their compliance with state interests. This can be expressed in: However, such a system has its drawbacks. Excessive government intervention can lead to: Resource efficiency: Despite these limitations, utilities within

1728-530: A three-year agreement with the aim of working together to modernize the country's infrastructure. As part of this agreement, the EBRD will allocate funds for the implementation of a number of important projects aimed at: In addition to these two key areas, the EBRD will continue to support other initiatives aimed at improving the well-being of citizens of Kazakhstan. In the United Kingdom and Ireland ,

1836-706: Is an accepted version of this page Pennsylvania ( / ˌ p ɛ n s ɪ l ˈ v eɪ n i ə / PEN -sil- VAY -nee-ə , lit.   ' Penn's forest country ' ), officially the Commonwealth of Pennsylvania ( Pennsylvania Dutch : Pennsilfaani ), is a U.S. state spanning the Mid-Atlantic , Northeastern , Appalachian , and Great Lakes regions of the United States . It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio and

1944-496: Is centered in and around Pittsburgh , the state's second-largest city. The state's subsequent five most populous cities are Allentown , Reading , Erie , Scranton , and Bethlehem . Pennsylvania's history of human habitation extends thousands of years before the foundation of the colonial Province of Pennsylvania in 1681. Archaeologists believe the first settlement of the Americas occurred at least 15,000 years ago, during

2052-849: Is in Duncannon in Perry County . According to the U.S. Department of Housing and Urban Development 's 2022 Annual Homeless Assessment Report , there were an estimated 12,691 homeless people in Pennsylvania. Among Pennsylvania residents, as of 2020, nearly three out of four, 74.5%, are native to the state and were born in Pennsylvania, 18.4% were born in a different U.S. state, 1.5% were born in Puerto Rico , U.S. Island areas, or born abroad to American parent(s), and 5.6% were foreign born. Foreign-born Pennsylvanians are largely from Asia (36.0%), Europe (35.9%), and Latin America (30.6%) with

2160-463: Is necessary to ensure coordinated work and achieve common goals. As a result, the activities of the regulatory authorities of natural monopolies are aimed at ensuring a balance between the interests of consumers, utility companies and the state. 2017 was marked by a new round of cooperation between Kazakhstan and the European Bank for Reconstruction and Development (EBRD). The parties signed

2268-464: Is the fifth-most populated state in the U.S. after California , Texas , Florida , and New York . In 2019, net migration to other states resulted in a decrease of 27,718, and immigration from other countries resulted in an increase of 127,007. Net migration to Pennsylvania was 98,289. Migration of native Pennsylvanians resulted in a decrease of 100,000 people. 7.2% of the population was foreign-born as of 2021. Pennsylvania's center of population

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2376-865: The British in the Philadelphia campaign , the Continental Congress moved west, where it met at the Lancaster courthouse on Saturday, September 27, 1777, and then to York . In York, the Second Continental Congress adopted the Articles of Confederation , largely authored by Pennsylvania delegate John Dickinson, that formed 13 independent States into a new union. Later, the Constitution was written, and Philadelphia

2484-524: The Clovis culture . By 1000 CE, in contrast to their nomadic hunter-gatherer ancestors , the native population of Pennsylvania had developed agricultural techniques and a mixed food economy. By the time European colonization of the Americas began, at least two major Native American tribes inhabited Pennsylvania. The first, the Lenape , spoke an Algonquian language and inhabited the eastern region of

2592-538: The Cold War . Pennsylvania's geography is highly diverse. The Appalachian Mountains run through the center of the state; the Allegheny and Pocono mountains span much of Northeastern Pennsylvania ; close to 60% of the state is forested . While it has no ocean shoreline, it has 140 miles (225 km) of waterfront along Lake Erie and the tidal Delaware River. Pennsylvania is the fifth-most populous state in

2700-545: The Delaware River to the east, 80°31' W to the west, and the 42° N to the north, except for a short segment on the western end where a triangle extends north to Lake Erie . The state has five geographical regions: Allegheny Plateau , Ridge and Valley , Atlantic Coastal Plain , Piedmont , and Erie Plain . Pennsylvania's diverse topography produces a variety of climates, though the entire state experiences cold winters and humid summers. Straddling two major zones,

2808-642: The Eastern Interconnection , the Texas Interconnection , which is a single ISO, and the Western Interconnection . U.S. utilities historically operated with a high degree of financial leverage and low interest coverage ratios compared to industrial companies. Investors accepted these credit characteristics because of the regulation of the industry and the belief that there was minimal bankruptcy risk because of

2916-460: The European Bank for Reconstruction and Development (EBRD) notes that additional investments are needed to improve the efficiency and reliability of these systems. The analysis conducted by the EBRD revealed a number of problems faced by heating, water supply and sewerage systems in Kazakhstan. The report also provides examples of cities where networks are being upgraded with the support of

3024-596: The First and Second Continental Congress in Philadelphia , which formed the Continental Army and appointed George Washington as its commander in 1775, and unanimously adopted the Declaration of Independence the following year. On December 12, 1787, Pennsylvania was the second state to ratify the U.S. Constitution . In July 1863, the Battle of Gettysburg , fought over three days in and around Gettysburg ,

3132-666: The Last Glacial Period , though it is unclear when humans first inhabited present-day Pennsylvania. Between 10,000 and 16,000 years ago, Native Americans crossed the two continents, arriving in North America . Meadowcroft Rockshelter in Jefferson Township includes the earliest known signs of human activity in Pennsylvania and perhaps all of North America, including the remains of a civilization that existed over 10,000 years ago and possibly pre-dated

3240-497: The Long Island Power Authority , the state agency that owns the system, that went into effect January 1, 2014. PSEG was selected to essentially privatize LIPA after the controversies surrounding Hurricane Sandy , taking over near complete control of the system including its brand name, whereas before this agreement only a number of functions were performed by the private sector and the system was operated under

3348-692: The New Jersey Board of Public Utilities . In 2009, PSEG began installing solar panels on 200,000 utility poles in its service area in a project costing $ 773 million, the largest such project in the world. The Solar 4 All project increased the capacity for renewable energy in New Jersey and was completed in 2013. In addition, PSEG is building four solar farms in Edison , Hamilton , Linden , and Trenton . In August 2020, about 400,000 customers on Long Island and 490,000 customers in New Jersey under

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3456-493: The New Sweden Colony in the region of Fort Christina on the site of present-day Wilmington, Delaware . New Sweden claimed and, for the most part, controlled the lower Delaware River region, including parts of present-day Delaware, New Jersey, and Pennsylvania, but settled few colonists there. On March 12, 1664, King Charles II of England gave James, Duke of York a grant that incorporated all lands included in

3564-833: The Northeast megalopolis and is associated with the Northeastern United States . Pittsburgh is part of the Great Lakes megalopolis and is often associated with the Rust Belt . During the September 11, 2001, terrorist attacks on the United States , the small town of Shanksville, Pennsylvania , received worldwide attention after United Airlines Flight 93 crashed into a field in Stonycreek Township , located 1.75 miles (2.82 km) north of

3672-524: The Ohio River to its west, Lake Erie and New York to its north, the Delaware River and New Jersey to its east, and the Canadian province of Ontario to its northwest via Lake Erie . Pennsylvania was founded in 1681 through a royal land grant to William Penn , the son of the state's namesake . Prior to that, between 1638 and 1655, a southeast portion of the state was part of New Sweden ,

3780-517: The Secretary of War under President Abraham Lincoln . Control of the machine was subsequently passed on to Cameron's son J. Donald Cameron , whose ineffectiveness resulted in a transfer of power to the more shrewd Matthew Quay and finally to Boies Penrose . The post-Civil War era, known as the Gilded Age , saw the continued rise of industry in Pennsylvania. Pennsylvania was home to some of

3888-791: The Spanish–American War . Pennsylvania was an important industrial center in World War I , and the state provided over 300,000 soldiers for the military. On May 31, 1918, the Pittsburgh Agreement was signed in Pittsburgh to declare the formation of the independent state of Czechoslovakia with future Czechoslovak president Tomáš Masaryk . In 1922, 310,000 Pennsylvania miners joined the UMW General coal strike , which lasted 163 days and shut down most coal mines within

3996-672: The United States . Pennsylvania has 51 miles (82 km) of coastline along Lake Erie and 57 miles (92 km) of shoreline along the Delaware Estuary . Of the original Thirteen Colonies , Pennsylvania is the only state that does not border the Atlantic Ocean . The boundaries of the state are the Mason–Dixon line (39°43' N) to the south, Twelve-Mile Circle on the Pennsylvania- Delaware border,

4104-609: The University of Pennsylvania in Philadelphia . The university, one of nine colonial colleges , was the first college established in Pennsylvania and one of the first in the nation. Today, it is an Ivy League university, which is routinely ranked among the world's best universities. Dickinson College in Carlisle , founded by Benjamin Rush and named after John Dickinson, was the first college founded after Revolutionary War and

4212-770: The Water Industry Commission for Scotland and the Utility Regulator in the United Kingdom, and the Commission for Regulation of Utilities and the Commission for Communications Regulation in the Republic of Ireland. Disabled community transport services may occasionally be included within the definition. They were mostly privatised in the UK during the 1980s. The first public utility in

4320-624: The county commission and freedom of religion , which were subsequently replicated in many of the Thirteen Colonies . What had been Upland on the Pennsylvania side of the Pennsylvania-Delaware border was renamed Chester County when Pennsylvania instituted its colonial governments on March 4, 1681. Penn signed a peace treaty with Tamanend , leader of the Lenape, which began a long period of friendly relations between

4428-509: The seventh-largest metropolitan area in the country and one of the largest metropolitan areas in the world, and Pittsburgh is the center of the nation's 27th-largest metropolitan areas. As of 2020, the Lehigh Valley in eastern Pennsylvania is the nation's 69th-largest metropolitan area. Pennsylvania also has six additional metropolitan areas that rank among the nation's 200-most populous metropolitan areas. Philadelphia forms part of

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4536-691: The 15th U.S. president and was the first president to be born in Pennsylvania. The Battle of Gettysburg , the major turning point of the American Civil War , took place near Gettysburg in July 1863. An estimated 350,000 Pennsylvanians served in the Union Army forces, including 8,600 African American military volunteers . The politics of Pennsylvania were for decades dominated by the financially conservative Republican -aligned Cameron machine , established by U.S. Senator Simon Cameron , later

4644-553: The 45th President of the United States Donald Trump occurred. Pennsylvania is 170 miles (274 km) north to south and 283 miles (455 km) east to west. Of a total 46,055 square miles (119,282 km ), 44,817 square miles (116,075 km ) are land, 490 square miles (1,269 km ) are inland waters, and 749 square miles (1,940 km ) are waters in Lake Erie . It is the 33rd-largest state in

4752-428: The 48 states. The Philadelphia Naval Shipyard served as an important naval base, and Pennsylvania produced important military leaders, including George C. Marshall , Hap Arnold , Jacob Devers , and Carl Spaatz . During the war, over a million Pennsylvanians served in the armed forces, and more Medals of Honor were awarded to Pennsylvanians than to individuals from any other state. The Three Mile Island accident

4860-550: The EBRD. These projects demonstrate how the introduction of modern technologies can improve the efficiency, reliability and environmental friendliness of heating, water supply and sewerage systems. Upgrading infrastructure is not just a matter of convenience. It is of vital importance for public health, environmental protection and ensuring the sustainable development of the economy of Kazakhstan. In most cases, public utilities in Kazakhstan are state-owned, which means that their activities are directly regulated by akimats. This creates

4968-480: The General Assembly refused to occupy the building. In 1901, political and popular indignation prompted a second contest that was restricted to Pennsylvania architects; Joseph Miller Huston of Philadelphia was chosen to design the present Pennsylvania State Capitol that incorporated Cobb's building into a magnificent public work, finished and dedicated in 1907. James Buchanan , a Franklin County native, served as

5076-1015: The Hurons abandoned much of their western territory and moved closer to the Susquehanna River, and the Iroquois and Mohawk tribes moved further north. Northwest of the Allegheny River was the Iroquoian Petun , who were fragmented into three groups during the Beaver Wars: the Petun of New York, the Wyandot of Ohio, and the Tiontatecaga of the Kanawha River in southern West Virginia. South of the Allegheny River

5184-419: The LIPA name. In 2001, NOAA presented PSEG with The Walter B. Jones Memorial and NOAA Excellence Awards in Coastal and Ocean Resource Management in the category of Excellence in Business Leadership for its Estuary Enhancement Program. Utility company A public utility company (usually just utility ) is an organization that maintains the infrastructure for a public service (often also providing

5292-409: The Netherlands confirmed the English conquest on July 21, 1667, although there were temporary reversions. On September 12, 1672, during the Third Anglo-Dutch War , the Dutch reconquered New York Colony / New Amsterdam , establishing three County Courts, which went on to become original Counties in present-day Delaware and Pennsylvania. The one that later transferred to Pennsylvania was Upland. This

5400-420: The PSE&G subsidiary continued operating in New Jersey as a regulated gas and electric delivery company. In June 2005, the acquisition of PSEG by Exelon , a Chicago and Philadelphia based utility conglomerate, was approved by the Federal Energy Regulatory Commission ; however, the deal was never consummated and eventually dissolved after it became clear that it would not win state regulatory approval from

5508-563: The Quakers and the Indians. Additional treaties between Quakers and other tribes followed. The Treaty of Shackamaxon of William Penn was never violated. Between 1730 and when the Pennsylvania Colony was shut down by Parliament with the Currency Act in 1764, the Pennsylvania Colony made its own paper money to account for the shortage of actual gold and silver. The paper money was called Colonial Scrip . The Colony issued bills of credit, which were as good as gold or silver coins because of their legal tender status. Since they were issued by

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5616-484: The U.S. holds that rates paid by a utility's customers should be set at a level which assures that the utility can provide reliable service at reasonable cost. Over the years, various changes have dramatically re-shaped the mission and focus of many public utility commissions. Their focus has typically shifted from the up-front regulation of rates and services to the oversight of competitive marketplaces and enforcement of regulatory compliance. Pennsylvania This

5724-444: The United States , with over 13 million residents as of the 2020 United States census . The state is the 33rd-largest by area and has the ninth-highest population density among all states. The largest metropolitan statistical area is the southeastern Delaware Valley , which includes and surrounds Philadelphia, the state's largest and nation's sixth-most populous city. The second-largest metropolitan area, Greater Pittsburgh ,

5832-472: The United States was a grist mill erected on Mother Brook in Dedham, Massachusetts , in 1640. In the U.S., public utilities provide services at the consumer level, be it residential, commercial, or industrial consumer. Utilities, merchant power producers and very large consumers buy and sell bulk electricity at the wholesale level through a network of regional transmission organizations (RTO) and independent system operators (ISO) within one of three grids,

5940-429: The city's population as of 2000. In the 20th century, as Pennsylvania's historical national and even global leadership in mining largely ceased and its steelmaking and other heavy manufacturing sectors slowed, the state sought to grow its service and other industries to replace the jobs and economic productivity lost from the downturn of these industries. Pittsburgh's concentration of universities has enabled it to be

6048-704: The commercial activities related to associated electric, natural gas , telecommunications, water, railroad, rail transit, and/or passenger transportation companies. For example, the California Public Utilities Commission (CPUC) and the Public Utility Commission of Texas regulate the utility companies in California and Texas, respectively, on behalf of their citizens and ratepayers (customers). These public utility commissions (PUCs) are typically composed of commissioners, who are appointed by their respective governors, and dedicated staff that implement and enforce rules and regulations, approve or deny rate increases, and monitor/report on relevant activities. Ratemaking practice in

6156-440: The company must offer higher yields to attract bond investors , driving up the utility's interest expenses. If the company's debt load and interest expense becomes too large, its credit rating will deteriorate, further increasing the cost of capital and potentially limiting access to the capital markets. Public utilities in Kazakhstan include heating, water supply, sewerage, electricity and communications systems. A report by

6264-612: The cost of adding another customer is small, and duplication of facilities would be wasteful. As a result, utilities were either government monopolies, or if investor-owned, regulated by a public utilities commission . In the electric utility industry, the monopoly approach began to change in the 1990s. In 1996, the Federal Energy Regulatory Commission (FERC) issued its Order No. 888 , which mandated that electric utilities open access to their transmission systems to enhance competition and "functionally unbundle" their transmission service from their other operations. The order also promoted

6372-431: The defunct Public Service Corporation . The Public Service Electric and Gas Company, commonly referred to as PSE&G, is the primary subsidiary of the Public Service Enterprise Group (PSEG) and was established in 1928. The Public Service Corporation was formed in 1903 by combining more than 400 gas, electric and transportation companies in New Jersey. In 1928, the corporation merged its electric and gas utilities into

6480-420: The development of labor unions helped them gain living wages. However, the rise of unions also led to a rise of union busting with several private police forces springing up. Pennsylvania was the location of the first documented organized strike in North America, and Pennsylvania was the location of two hugely prominent strikes, the Great Railroad Strike of 1877 and the Coal Strike of 1902 . The eight-hour day

6588-418: The entire city. Cooperative utilities are owned by the customers they serve. They are usually found in rural areas. Publicly owned utilities are non-profit. Private utilities, also called investor-owned utilities , are owned by investors , and operate for profit, often referred to as a rate of return . A public utilities commission is a governmental agency in a particular jurisdiction that regulates

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6696-416: The essential services they provide. In recent decades several high-profile utility company bankruptcies have challenged this perception. Public utilities were historically regarded as natural monopolies because the infrastructure required to produce and deliver a product such as electricity or water is very expensive to build and maintain. Once assets such as power plants or transmission lines are in place,

6804-417: The fifth and currently the sixth-largest city after decades of being among the top three. After 1990, as information-based industries became more important in the economy, state and local governments put more resources into the old, well-established public library system. Some localities, however, used new state funding to cut local taxes. New ethnic groups, especially Hispanics and Latinos , began entering

6912-463: The first. At the time, Pennsylvania was the most ethnically and religiously diverse of the thirteen colonies. Because a third of Pennsylvania's population spoke German , the Constitution was presented in German so those citizens could participate in the discussion about it. Reverend Frederick Muhlenberg , a Lutheran minister and the first Speaker of the U.S. House of Representatives , acted as chairman of Pennsylvania's ratifying convention. For half

7020-465: The framework of this system can demonstrate high efficiency in the use of labor resources and management costs. Residents of Kazakhstan receive water, sewerage and heating from companies recognized by the state as natural monopolies. This means that there is no competition in these areas, and tariffs are set by a special state body – the Committee for Regulation of Natural Monopolies, Competition and Consumer Protection (CRNM and CP). In order to ensure

7128-515: The government and not a banking institution, they were interest-free, largely defraying the expense of the government and therefore taxation of the people. It also promoted general employment and prosperity, since the government used discretion and did not issue excessive amounts that inflated the currency. Benjamin Franklin had a hand in creating this currency, whose utility, he said, was never to be disputed. The currency also met with "cautious approval" by Adam Smith . In 1740, Franklin also founded

7236-846: The infrastructure already exists in a given area, minimal benefit is gained through competing. In other words, these industries are characterized by economies of scale in production. Though it can be mentioned that these natural monopolies are handled or watched by a public utilities commission, or an institution that represents the government. There are many different types of public utilities. Some, especially large companies , offer multiple products, such as electricity and natural gas. Other companies specialize in one specific product, such as water. Modern public utilities may also be partially (or completely) sourced from clean and renewable energy in order to produce sustainable electricity. Of these, wind turbines and solar panels are those used most frequently. Whether broadband internet access should be

7344-445: The infrastructure, e.g. power plants, telephone lines and water treatment facilities. However, over the past several decades, traditional public utilities' monopoly position has eroded. For instance, wholesale electricity generation markets, electric transmission networks, electricity retailing and customer choice, telecommunications , some types of public transit and postal services have become competitive in some countries and

7452-408: The jurisdiction of PSEG were left without power as a result of Hurricane Isaias . Although some got power back within hours of Isaias, some had to wait days for power to be restored. As of August 10, 2020, around 42,000 Long Island customers were still without power, while around 20,000 New Jersey customers were without power. State and local officials have called for more accountability from PSEG after

7560-433: The land be called New Wales, but there were objections to that name, so he recommended Sylvania (from the Latin silva : "forest, woods"). The King named it Pennsylvania (literally "Penn's Woods") in honor of Admiral Penn. The younger Penn was embarrassed at this name, fearing that people would think he had named it after himself, but King Charles would not rename the grant. Penn established a government with two innovations,

7668-567: The largest chocolate manufacturer in North America. Heinz Company was also founded during this period. These huge companies exercised a large influence on the politics of Pennsylvania; as Henry Demarest Lloyd put it, oil baron John D. Rockefeller "had done everything with the Pennsylvania legislature except refine it". Pennsylvania created a Department of Highways and engaged in a vast program of road-building, while railroads continued to see heavy usage. The growth of industry eventually provided middle class incomes to working-class households after

7776-600: The largest steel companies in the world. Andrew Carnegie founded the Carnegie Steel Company in Pittsburgh and Charles M. Schwab founded Bethlehem Steel in Bethlehem . Other titans of industry, including John D. Rockefeller and Jay Gould , also operated in Pennsylvania. In the latter half of the 19th century, the U.S. oil industry was born in Western Pennsylvania , which supplied

7884-417: The majority of the state, except for the southeastern corner, has a humid continental climate ( Köppen climate classification Dfb ). The southern portion of the state has a humid subtropical climate. The largest city, Philadelphia , has a humid subtropical climate (Köppen Cfa ). Summers are generally hot and humid. Moving toward the mountainous interior of the state, the winter climate becomes colder,

7992-612: The north to West Virginia in the southwest, including the Susquehanna, Allegheny , and Monongahela rivers near present-day Pittsburgh . European disease and constant warfare with several neighboring tribes and groups of Europeans weakened these two tribes, and they were grossly outpaced financially as the Hurons and Iroquois blocked them from proceeding west into Ohio during the Beaver Wars . As they lost numbers and land,

8100-509: The north-central region with York , Carlisle , and the state capital Harrisburg on the Susquehanna River in the east-central region of the state. Altoona and Johnstown are in the state's west-central region. The state's three-most populated cities, in order of size, are Philadelphia, Pittsburgh, and Allentown. As of the 2020 U.S. census , Pennsylvania had a population of 13,011,844, up from 12,702,379 in 2010. Pennsylvania

8208-627: The number of cloudy days increases, and snowfall amounts are greater. Western areas of the state, particularly locations near Lake Erie , can receive over 100 inches (250 cm) of snowfall annually, and the entire state receives plentiful precipitation throughout the year. The state may be subject to severe weather from spring through summer into autumn. Tornadoes occur annually in the state, sometimes in large numbers, such as 30 recorded tornadoes in 2011; generally speaking, these tornadoes do not cause significant damage. Cities in Pennsylvania include Philadelphia , Reading , Lebanon , and Lancaster in

8316-654: The old Dauphin County Court House until December 1821 when the Federal -style Hills Capitol, named for Lancaster architect Stephen Hills , was constructed on a hilltop land grant of four acres set aside for a seat of state government in Harrisburg by the son and namesake of John Harris, Sr. , a Yorkshire native who founded a trading post and ferry on the east shore of the Susquehanna River in 1705. The Hills Capitol burned down on February 2, 1897, during

8424-566: The original Virginia Company of Plymouth Grant and other lands. This grant was in conflict with the Dutch claim for New Netherland , which included parts of today's Pennsylvania. On June 24, 1664, the Duke of York sold the portion of his large grant that included present-day New Jersey to John Berkeley and George Carteret for a proprietary colony. The land was not yet in British possession, but

8532-429: The remainder from Africa (5%), North America (3.1%), and Oceania (0.4%). The state's largest ancestry groups, expressed as a percentage of total people who responded with a particular ancestry for the 2010 census, were German 28.5%, Irish 18.2%, Italian 12.8%, African Americans 9.6%, English 8.5%, Polish 7.2%, and French 4.2%. As of 2018, the top countries of origin for Pennsylvania's immigrants were India ,

8640-502: The risk of public harm with mismanagement is considerably greater than with other goods. The principle of universality of utilities maintains that these services are best owned by, and operating for, the public. The government and the society itself would like to see these services being economically accessible to all or most of the population. Furthermore, other economic reasons based the idea: public services need huge investments in infrastructures , crucial for competitiveness but with

8748-417: The role of an independent system operator to manage power flow on the electric grid. Later, FERC Order No. 889 established an electronic information system called OASIS (open access same-time information system) which would give new users of transmission lines access to the same information available to the owner of the network. The result of these and other regulatory rulings was the eventual restructuring of

8856-671: The sale boxed in the portion of New Netherland on the West side of the Delaware River. The British conquest of New Netherland began on August 29, 1664, when New Amsterdam was coerced to surrender while facing cannons on British ships in New York Harbor . The conquest was completed in October 1664, when the British captured Fort Casimir in what today is New Castle, Delaware . The Treaty of Breda between England, France, and

8964-468: The smooth operation of public utilities, the state also controls the investment programs of monopolistic companies. This is handled by the Committee on Construction and Housing and Communal Services. Such a system allows you to regulate prices for utilities and direct investments to infrastructure development. However, this system also has its disadvantages. For example, the lack of competition can lead to

9072-404: The southeast, Pittsburgh in the southwest, and the tri-cities of Allentown , Bethlehem , and Easton in the central east, known as the Lehigh Valley . The northeast includes the former anthracite coal mining cities of Scranton , Wilkes-Barre , Pittston , Nanticoke , and Hazleton . Erie is located in the northwest. State College is located in the central region. Williamsport is in

9180-1085: The state from Bergen to Gloucester Counties. PSE&G is the largest provider of gas and electric service, servicing 1.8 million gas customers and 2.2 million electric customers in more than 300 urban, suburban and rural communities, including New Jersey's six largest cities. PSEG's transmission line voltages are 500 kilovolts (kV), 345 kV, 230 kV and 138 kV with interconnections to utilities in Pennsylvania , Delaware , and New York . The company's subtransmission voltages are 69 kV and 26 kV. PSEG's distribution voltages are 13.2 kV and 4.16 kV. PSEG Power has four main subsidiaries: PSEG Nuclear, PSEG Fossil, PSEG Energy Resources & Trade, and PSEG Power Ventures. PSEG Nuclear operates three nuclear reactors at two facilities in Lower Alloways Creek Township . PSEG owns one reactor at Hope Creek Nuclear Generating Station and operates two reactors at Salem Nuclear Power Plant where PSEG Nuclear holds

9288-581: The state to fill low-skill jobs in agriculture and service industries. For example, in Chester County , Mexican immigrants brought the Spanish language , increased Catholicism , high birth rates, and cuisine when they were hired as agricultural laborers; in some rural localities, they made up half or more of the population. Stateside Puerto Ricans built a large community in the state's third-largest city, Allentown , where they comprise over 40% of

9396-736: The state, private firms, and charities ran the traditional public utilities. For instance, the Sanitary Districts were established in England and Wales in 1875 and in Ireland in 1878. The term can refer to the set of services provided by various organizations that are used in everyday life by the public, such as: electricity generation , electricity retailing , electricity supplies, natural gas supplies, water supplies, sewage works , sewage systems and broadband internet services. They are regulated by Ofgem , Ofwat , Ofcom ,

9504-511: The state, then known as Lenapehoking . It included most of present-day New Jersey and the Lehigh Valley and Delaware Valley regions in eastern and southeastern Pennsylvania. The Lenape's territory ended somewhere between the Delaware River in the east and the Susquehanna River in central Pennsylvania. The second tribe, the Susquehannock , spoke an Iroquoian language and were based in Western Pennsylvania from New York state in

9612-827: The state. In 1923, President Calvin Coolidge established the Allegheny National Forest under the authority of the Weeks Act of 1911. The forest is located in the northwest part of the state in Elk , Forest , McKean , and Warren Counties for the purposes of timber production and watershed protection in the Allegheny River basin. The Allegheny is the state's only national forest. Pennsylvania manufactured 6.6 percent of total U.S. military armaments produced during World War II , ranking sixth among

9720-534: The state." The ensuing hostilities became known as Pontiac's War . After the Stamp Act Congress of 1765, delegate John Dickinson of Philadelphia wrote the Declaration of Rights and Grievances . The Congress was the first meeting of the Thirteen Colonies , which convened at the request of the Massachusetts assembly; nine of the 13 colonies sent delegates. Dickinson then wrote Letters from

9828-458: The storm passed. Governor Andrew Cuomo threatened to take away operating licenses from PSEG and ConEdison , while Nassau County Executive Laura Curran along with several state senators called for reimbursement to customers for their failure to respond quickly. Public Service Enterprise Group has three operating subsidiaries: PSE&G serves the population in an area consisting of a 2,600-square-mile (6,700 km) diagonal corridor across

9936-523: The telephone service having been considered a public utility, the FCC made broadband internet access a public utility in the United States. Public utilities have historically been considered to be a natural monopoly . This school of thought holds that the most cost-efficient way of doing business is through a single firm because these are capital-intensive businesses with unusually large economies of scale and high fixed costs associated with building and operating

10044-549: The town. All 40 civilians and 4 Al-Qaeda hijackers on board were killed. The hijackers had intended to crash the plane into either the United States Capitol or The White House . After learning from family members via air phone of the earlier attacks on the World Trade Center , however, Flight 93's passengers revolted against the hijackers and fought for control of the plane, causing it to crash. It

10152-518: The traditional monopoly-regulated regime to one in which all bulk power sellers could compete. A further step in industry restructuring, "customer choice", followed in some 19 states, giving retail electric customers the option to be served by non-utility retail power marketers. Public utilities can be privately owned or publicly owned . Publicly owned utilities include cooperative and municipal utilities. Municipal utilities may actually include territories outside of city limits or may not even serve

10260-441: The transportation of electricity , or natural gas pipelines , have natural monopoly characteristics. A monopoly can occur when it finds the best way to minimize its costs through economies of scale to the point where other companies cannot compete with it. For example, if many companies are already offering electricity, the additional installation of a power plant will only disadvantage the consumer as prices could be increased. If

10368-557: The trend towards liberalization , deregulation and privatization of public utilities is growing. However, the infrastructure used to distribute most utility products and services has remained largely monopolistic. Key players in the public utility sector include: Public utilities must pursue the following objective given the social responsibility their services attribute to them: The management of public utilities continues to be important for local and general governments . By creating, expanding, and improving upon public utilities,

10476-533: The unification of the states. Established in 1773, it was ratified on September 9, 1783, five days after the Treaty of Paris . James Smith wrote that in 1763, "the Indians again commenced hostilities, and were busily engaged in killing and scalping the frontier inhabitants in various parts of Pennsylvania. This state was then a Quaker government, and at the first of this war the frontiers received no assistance from

10584-711: The utility business. The Public Service Enterprise Group (PSEG) was established in 1985 to take control of the Public Service Electric and Gas Company (PSE&G). In 1989, Public Service Enterprise Group established the Enterprise Diversified Holdings Inc. (now PSEG Energy Holdings) to begin consolidation of unregulated businesses. In 2000, Public Service Enterprise Group split off the PSE&;G subsidiary's unregulated national power generation assets to form PSEG Power, while

10692-443: The utility sector is often part of a long-term buy-and-hold strategy. Utilities require expensive critical infrastructure which needs regular maintenance and replacement. Consequently, the industry is capital intensive , requiring regular access to the capital markets for external financing. A utility's capital structure may have a significant debt component, which exposes the company to interest rate risk . Should rates rise,

10800-516: The vast majority of kerosene for years thereafter. As the Pennsylvania oil rush developed, Pennsylvania's oil boom towns, such as Titusville , rose and later fell. Coal mining, primarily in the state's Coal Region in the northeast region of the state, also was a major industry for much of the 19th and 20th centuries. In 1903, Milton S. Hershey began construction on a chocolate factory in Hershey, Pennsylvania ; The Hershey Company grew to become

10908-763: Was a nation known as Calicua, which may have been part of the Monongahela culture . In the 17th century, the Dutch and the English each claimed both sides of the Delaware River as part of their colonial lands in America. The Dutch were the first to take possession. By June 3, 1631, the Dutch began settling the Delmarva Peninsula by establishing the Zwaanendael Colony on the site of present-day Lewes, Delaware . In 1638, Sweden established

11016-550: Was eventually adopted, and the coal and iron police were banned. At the beginning of the 20th century, Pennsylvania's economy centered on steel production, logging , coal mining , textile production, and other forms of industrial manufacturing . A surge in immigration to the U.S. during the late 19th and early 20th centuries provided a steady flow of cheap labor for these industries, which often employed children and people who could not speak English from Southern and Eastern Europe . Thousands of Pennsylvanians volunteered during

11124-543: Was once again chosen to be cradle to the new nation. The Constitution was drafted and signed at the Pennsylvania State House in Philadelphia, now known as Independence Hall , the same building where the Declaration of Independence was previously adopted and signed in 1776. On December 12, 1787, Pennsylvania was the second state to ratify the U.S. Constitution , five days after Delaware became

11232-556: Was partially reversed on February 9, 1674, when the Treaty of Westminster ended the Third Anglo-Dutch War and reverted all political situations to the status quo ante bellum . The British retained the Dutch Counties with their Dutch names. By June 11, 1674, New York reasserted control over the outlying colonies, including Upland, and the names started to be changed to British names by November 11, 1674. Upland

11340-439: Was partitioned on November 12, 1674, producing the general outline of the current border between Pennsylvania and Delaware. On February 28, 1681, Charles II granted a land charter to Quaker leader William Penn to repay a debt of £16,000 (around £2,100,000 in 2008, adjusting for retail inflation) owed to William's father. The transaction represents one of the largest land grants to an individual in history. Penn proposed that

11448-613: Was the bloodiest and most decisive battle of the American Civil War , claiming over 50,000 Union and Confederate fatalities and repelling Robert E. Lee 's invasion of the North, leading to the Union's preservation . Throughout the late 19th and 20th centuries, the state's manufacturing-based economy contributed to the development of much of the nation's early infrastructure, including key bridges, skyscrapers , and military hardware used in U.S.-led victories in World War I , World War II , and

11556-441: Was the most significant nuclear accident in U.S. commercial nuclear power plant history. The state was hard-hit by the decline and restructuring of the steel industry and other heavy industries during the late 20th century. With job losses came heavy population losses, especially in the state's largest cities. Pittsburgh lost its place among the top ten most populous cities in the United States by 1950, and Philadelphia dropped to

11664-657: Was the only one of the four aircraft hijacked that day that never reached its intended target and the heroism of the passengers has been commemorated. Since 2003, the Tekko anime convention has been held annually in Pittsburgh. In October 2018, the Tree of Life – Or L'Simcha Congregation , a conservative Jewish synagogue, experienced the Pittsburgh synagogue shooting , which resulted in 11 fatalities. On July 13, 2024, near Butler, Pennsylvania , an assassination attempt on

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