Public Service Enterprise Group is a regulated electric and natural gas utility serving customers across New Jersey, generating and delivering energy under rates approved by state utility regulators, along with a nuclear power generation business. As a regulated utility, its earnings are tied to a rate of return approved by regulators on the capital it invests in grid infrastructure, providing predictable earnings in exchange for accepting limits on customer rates. The company's nuclear plants provide steady, always-on power generation that has become increasingly valuable as demand grows for reliable, round-the-clock electricity, including from data centers seeking dependable power sources. PSEG has focused its strategy in recent years on its regulated utility and nuclear generation businesses, having sold off some of its non-regulated fossil fuel generation assets to concentrate more narrowly on regulated and nuclear operations.