Ralph LaRossa

Ralph LaRossa leads Public Service Enterprise Group (PSEG) as Chairman and CEO, overseeing New Jersey's largest combined electric and gas utility through its regulated subsidiary PSE&G, plus the PSEG Power generation fleet. PSE&G serves approximately 2.3 million electric customers and 1.9 million gas customers across northern and central New Jersey, one of the most densely populated and economically important regions in the United States. PSEG has become an increasingly important player in the AI data center power supply story. The company's nuclear fleet — including the Salem and Hope Creek nuclear stations — provides approximately 3,500 MW of zero-carbon baseload generation in the heart of the Northeast corridor between New York and Philadelphia, where data center developers are desperately seeking reliable, clean power. PSEG has been in discussions about potential power purchase agreements with hyperscale data center operators for nuclear-powered electricity. PSE&G's regulated utility business provides stable, predictable earnings growth through infrastructure investment in transmission and distribution upgrades, gas pipeline replacement, and energy efficiency programs. Key stock drivers include nuclear power valuation and potential data center contracts, regulated rate base growth, PSE&G rate case outcomes, New Jersey clean energy policy, nuclear capacity factor performance, natural gas distribution investment, and the interest rate environment affecting utility valuations.