# Who are Public Service Enterprise Group Incorporated's customers? Who does Public Service Enterprise Group Incorporated earn revenue from?
Canonical: https://valuechain.wiki/public-service-enterprise-group · Facet: customers · Updated: 2026-09-23T07:31:29.558142+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Public Service Enterprise Group Incorporated discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 3 dated sources, 1 of them primary filings (as of 2026-09-23).

### PJM 인터커넥션 (high)
- metric: Contract value $424M · PJM 2022 Window 3 award; selected in 2023 · Disclosed value of a 500 kV transmission project addressing load growth and reliability needs in Maryland and northern Virginia
- note: PSEG earns energy and capacity revenue in PJM markets and develops transmission projects selected through PJM solicitations. Its 500 kV transmission project selected in 2023 has a disclosed value of approximately $424 million.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-26) https://www.sec.gov/Archives/edgar/data/788784/000119312526077446/peg-20251231.htm: "In December 2023, PJM awarded us an approximately $424 million project to construct a 500 kV transmission line to address increasing load and reliability issues in Maryland and northern Virginia as part of its 2022 Window 3 competitive solicitation."
- [mentions] S&P Global Market Intelligence (EN, research, published 2025-03-10) https://www.spglobal.com/market-intelligence/en/news-insights/research/pjm-transmission-growth-rebounds-datacenters-boost-outlook-for-future-expansion: "On Dec. 31, 2024, a PSEG subsidiary asked the Maryland Public Service Commission to approve a new $424 million transmission project to help meet unprecedented load growth in Maryland and Virginia."

### BlackRock (high)  → /blackrock.md
- metric: Market share 11% · beneficial ownership disclosed in 2025 proxy statement · Beneficial ownership share of PSEG common stock
- note: PSEG's 2025 proxy statement identifies BlackRock as a beneficial owner of more than 5%. It reports 54,782,408 shares, equal to an 11.00% stake.
- [confirms] SEC EDGAR (EN, filing, published 2025-03-13) https://www.sec.gov/Archives/edgar/data/788784/000119312525053984/d796078ddef14a.htm: "Blackrock, Inc. 54,782,408 11.00."

### 롱아일랜드 전력청 (high)
- note: PSEG Long Island operates LIPA's transmission and distribution system in return for a fixed management fee and a performance-based incentive fee. The operating agreement was extended for five years through the end of 2030.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-26) https://www.sec.gov/Archives/edgar/data/788784/000119312526077446/peg-20251231.htm: "Under the OSA, PSEG LI acts as LIPA's agent in performing many of its obligations and in return is prefunded for pass-through operating expenditures, receives a fixed management fee and is eligible to receive an incentive fee contingent on meeting established performance metrics."
- [confirms] PSEG (EN, ir, published 2025-12-30) https://nj.pseg.com/newsroom/newsrelease474: "The LIPA Board of Trustees awarded PSEG Long Island a five-year extension on the existing contract to continue to operate the electric grid on Long Island and in the Rockaways. The extension begins Jan. 1, 2026, and runs through Dec. 31, 2030."

Reverse side: https://valuechain.wiki/public-service-enterprise-group/suppliers.md · Ripple: https://valuechain.wiki/public-service-enterprise-group/ripple.md

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