Public Service Electric and Gas Co. - 1970's dated New Jersey Utility Stock Certificate

Utilities Stock printed by American Bank Note Co. Superb vignette of one male and two female figures. Available in Red or Brown. Please specify color.

Public Service Electric and Gas Company (PSE&G) traces its origins to the 1903 establishment of the Public Service Corporation in Newark, New Jersey. Led by its inaugural president, Thomas McCarter, the corporation consolidated over 400 disparate gas, electric, and transportation companies to streamline essential services for New Jersey’s rapidly expanding urban centers. By 1928, the company unified its electric and gas operations into a single entity, PSE&G, while maintaining a separate division for its extensive trolley and bus networks. This early era was characterized by significant innovation, including the groundbreaking launch of the world’s first diesel-electric bus fleet in 1937.

In 1948, a major structural transformation occurred when the parent Public Service Corporation was dissolved, establishing PSE&G as an independent public company. Over the ensuing decades, the company expanded its operations in fossil fuel and nuclear power generation, including the commissioning of the Salem and Hope Creek nuclear plants during the 1970s and 1980s. However, in 1980, the company made a strategic decision to exit the transportation business by selling its transit subsidiary to the state. Subsequently, in 1985, the Public Service Enterprise Group (PSEG) was formed as a holding company to oversee PSE&G alongside other unregulated energy ventures. Today, PSE&G stands as New Jersey’s oldest and largest investor-owned utility, serving approximately 2.4 million electric and 1.9 million gas customers. The company is actively transitioning towards grid modernization and embracing a clean energy future.