trending Market Intelligence /marketintelligence/en/news-insights/trending/NP8sMx0nyf6UJ04AGlJcpQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

PSEG envisions net-zero emissions by 2050, coal exit by 2021

European Energy Insights July 2020

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

PSEG envisions net-zero emissions by 2050, coal exit by 2021

Public Service Enterprise Group Inc. is aiming to achieve net-zero carbon emissions by 2050 with the right technology and supportive public policy.

SNL Image

The company announced July 25 plans to reduce carbon emissions from its power fleet by 80% by 2046, from 2005 levels. Consistent with those goals, PSEG will not be building or acquiring new fossil-fueled power plants.

PSEG expects its PSEG Power LLC subsidiary to have retired or exited through sales of more than 2,400 MW of coal-fired generation by 2021. In June, PSEG announced that it would be selling interests in two coal-fired power plants in Pennsylvania.

The company noted that it has already reduced its carbon emission intensity by more than 40% since 2005 by maintaining its nuclear units, investing in efficient gas-fired generation units and renewables, and exiting coal-fired generation assets.

"The science of climate change is clear and we believe society must move beyond simply 'heeding warnings' to acting on them," PSEG Chairman, President and CEO Ralph Izzo said in a statement.

The company also expects its $2.5 billion Clean Energy Future investment proposal for 22 energy efficiency programs to reduce carbon emissions and result in savings of $5.9 billion on customer bills.

PSEG said this latest announcement is the next step in its "Powering Progress" vision for the future, where its customers use cleaner and less energy.