PSEG Long Island

What PSEG Long Island does

PSEG Long Island is a regulated electric transmission and distribution utility that operates the Long Island Power Authority's (LIPA) grid on Long Island and the Rockaway Peninsula in New York under a long-term management contract established in 2014 and extended through January 2031. The company serves approximately 1.2 million residential, commercial, and industrial customers through owned infrastructure spanning 1,400+ storm-hardened miles of distribution circuits, 10,000 automatic branch line reclosers, 26,364 replaced poles, 894 smart switches, and 1.1 million Advanced Metering Infrastructure (AMI) smart meters deployed across the service territory. Its product surface extends beyond commodity distribution to include Time-of-Day rate plans (Rate 194 and Rate 195 with up to 40% overnight discount), the Business First program (ranked #1 by J.D. Power in business customer satisfaction), the Save Easy energy-efficiency rebate program, a Feed-In Tariff and Net Meter Bank Exchange for distributed solar, and a Critical Care Program for life-sustaining equipment customers.

Revenue is generated through regulated rate tariffs approved by LIPA, with compensation structured around operating efficiency and capital deployment rather than competitive retail margins. The customer base is split between residential accounts (including flat-rate Rate 180, TOD, electric heat, and low-income programs) served via website, mobile app, customer service centers, and a 700-person lineworker field force, and commercial/industrial accounts served through the Business First program with dedicated account management. The go-to-market is entirely relationship-driven through LIPA and the New York State Public Service Commission rather than competitive sales.

The company is a wholly-owned operating subsidiary of Public Service Enterprise Group (NYSE: PEG), with the parent providing capital, IT, HR, and corporate services while PSEG Long Island retains local operational accountability. Storm hardening has been substantially underwritten by FEMA funding (approximately $729 million of over $1 billion in federal grants to LIPA since 2011), reducing the rate-base burden on customers. End-customer revenue is highly diversified across 1.2 million accounts, but the entire business is contractually dependent on the LIPA management agreement.

Name

PSEG Long Island

Legal name

PSEG Long Island LLC

Website

https://psegliny.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PSEG Long Island is a regulated electric utility operating LIPA's transmission and distribution grid for approximately 1.2 million residential, commercial, and industrial customers across Long Island and the Rockaways in New York, under a long-term management contract with its parent Public Service Enterprise Group (NYSE: PEG).

Ownership category

akta.pro rank

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Electric Distribution Services: PSEG Long Island operates as a regulated utility earning revenue through electricity distribution services to approximately 1.2 million customers on Long Island and the Rockaways. Rates are approved by the Long Island Power Authority (LIPA) under a long-term contract arrangement. Revenue is generated through regulated rate tariffs for residential, commercial, and industrial customers, with additional programs including energy efficiency, solar, and EV incentives.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

PSEG Long Island operates the electric transmission and distribution system on Long Island and the Rockaways in New York under a long-term contract with the Long Island Power Authority (LIPA), serving approximately 1.2 million residential and business customers. The company delivers regulated electric distribution services supported by storm-hardened infrastructure, advanced metering, time-of-day rate plans, energy efficiency programs, clean energy integration, and customer-facing digital tools including the My Account portal and mobile app.

Product overview

PSEG Long Island operates as a regulated electric utility providing transmission and distribution services to approximately 1.2 million customers across Long Island and the Rockaways, New York, under a long-term contract with the Long Island Power Authority (LIPA). The company offers a unified platform of customer-facing digital services anchored by the My Account portal and mobile app, supplemented by specialized rate plans (Time-of-Day Off-Peak and Super Off-Peak Rates), the MyPower Map outage tracking tool, and the Business First program for commercial customers. Infrastructure resilience is supported through the PowerOn storm hardening initiative and tree trimming program, while clean energy adoption is facilitated via the Clean Energy Initiative and Net Meter Bank Exchange. Energy efficiency programs under the Save Easy brand and the Online Marketplace provide customers with tools to reduce consumption, all integrated within the core utility service platform.

Differentiator

Problem solved

Functional benefit

Products and services

• PSEG Long Island Electric Distribution Service
• My Account
• PSEG Long Island Mobile App
• MyPower Map
• Time-of-Day (TOD) Off-Peak Rate (Rate 194)
• Time-of-Day (TOD) Super Off-Peak Rate (Rate 195)
• Business First
• PowerOn Storm Hardening Program
• Clean Energy Initiative
• Save Easy
• Critical Care Program
• Tree Trimming and Vegetation Management
• Online Marketplace
• Net Meter Bank Exchange

Quantifiable outcome

• 72% reduction in damage leading to outages in storm-hardened circuit sections from 2016 through 2023, compared with the rest of the distribution system (excluding catastrophic storms)
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• American Red CrossminorGTM or Marketing Partner · 28 May 2026The American Red Cross on Long Island joined partners at a hurricane exercise drill hosted by PSEG Long Island in Huntington, NY on May 28, 2026, to urge residents to prepare for the 2026 hurricane season. NOAA predicted a below-average 2026 Atlantic hurricane season with 8-14 named storms.
• Canon U.S.A., Inc.minorGTM or Marketing Partner · 4 May 2026PSEG Long Island participated in Canon U.S.A.'s Earth Day event at Canon's Melville, NY headquarters on May 4, 2026. The event brought together multiple local organizations for recycling drives, sustainability education, and community collection efforts including a used toy drive in partnership with Second Chance Toys.
• Suffolk County and RISE (Community Organizations)minorGTM or Marketing Partner · 31 March 2026PSEG Long Island partnered with Suffolk County, RISE, the PSEG Foundation, and the Arbor Day Foundation for its Earth Month 2026 program distributing free trees, LED lightbulbs, and reusable shopping bags throughout Long Island and the Rockaways to promote environmental sustainability and energy savings.
• Arbor Day FoundationminorGTM or Marketing Partner · 31 March 2026PSEG Long Island partnered with the Arbor Day Foundation as part of its Earth Month 2026 tree distribution program, promoting environmental sustainability and helping customers reduce energy costs.
• Long Island Power Authority (LIPA)coreStrategic or Co-development PartnerPSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract. The arrangement began in 2014 and was extended for five years effective January 1, 2026, following approvals by the LIPA Board, NY State Attorney General, and NY State Comptroller. PSEG Long Island serves approximately 1.2 million customers on behalf of LIPA.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• National Grid (New York): Regulated T&D utility operating across upstate New York and Long Island-adjacent service territories under NY PSC oversight. Comparable regulated franchise model with similar AMI, storm hardening, and energy efficiency program structures.
• Rochester Gas and Electric (RG&E): Regulated electric and gas T&D utility serving the Rochester, NY region under Avangrid ownership. Closely comparable as a New York-state regulated utility with similar operational, regulatory, and customer service profile.
• Consolidated Edison (Con Edison): New York metro area regulated electric and gas T&D utility serving millions of customers. Operates under NY PSC oversight with similar regulatory, operational, and storm-resilience profile to PSEG Long Island's Long Island/Rockaways service territory.
• Public Service Electric & Gas (PSE&G): Sister regulated T&D subsidiary under the same PSEG parent, serving New Jersey. Operates under NJ BPU oversight with analogous storm hardening, AMI, and time-of-use rate programs, sharing back-office and corporate capabilities with PSEG Long Island.
• New York State Electric & Gas (NYSEG): Regulated electric and gas T&D utility serving upstate and southern New York. Comparable in regulatory environment, storm response obligations, AMI, and energy efficiency programming under the same NY PSC framework.
• Central Hudson Gas & Electric: Mid-sized regulated electric and gas T&D utility serving New York's Mid-Hudson region. Comparable as a New York-state regulated utility with similar AMI deployment, energy efficiency, and rate case processes.
• Orange & Rockland Utilities: Subsidiary of Consolidated Edison operating regulated electric and gas distribution in NY's lower Hudson Valley and adjacent areas. Closely comparable as a smaller New York regulated T&D utility with overlapping regulatory oversight and operational practices.

Broad incumbents

• Avangrid (Iberdrola): Regulated T&D and renewables holding company with New York (NYSEG/RG&E) and New England utility subsidiaries. Comparable in scale of regulated operations and in energy transition / renewable integration profile.
• Eversource Energy: Large New England regulated electric, gas, and water T&D utility holding company with operations across MA, CT, and NH. Comparable in scale and regulated franchise structure, with overlapping offshore wind development interests via its prior partnership on South Fork Wind.
• Pacific Gas & Electric (PG&E): Large California-regulated electric T&D utility with extensive wildfire and storm hardening programs. Comparable as a regulated T&D operator investing heavily in grid resilience, AMI, and undergrounding initiatives, though operating in a different regulatory jurisdiction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/psegli
• YouTubeyoutube.com/psegli
• Facebookfacebook.com/PSEGLI
• LinkedInlinkedin.com/company/psegli
• Instagraminstagram.com/psegli

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PSEG Long Island