PSEG Boosts Sustainability Credentials with High Recycling Rate, Adds Former PG&E CEO to Board

In a move that underscores the shifting priorities for major utilities, Public Service Enterprise Group (NYSE: PEG) has released data showing it recycled over 86% of the materials generated across its operations in 2024. This achievement places the New Jersey-based energy giant well above the industry average for waste diversion, a key metric increasingly monitored by ESG-focused investors.

The company's latest sustainability report, reviewed by analysts, highlights ongoing efforts to minimize its environmental footprint. This comes amid heightened regulatory and consumer pressure on the power sector to improve resource management and transition toward circular economy models.

In a parallel development aimed at bolstering corporate governance, PSEG announced the appointment of Geisha J. Williams, the former CEO of PG&E Corporation, to its Board of Directors. Williams, a veteran with over three decades in the utility industry, brings critical experience in navigating complex regulatory landscapes, grid modernization, and crisis management—expertise deemed vital as the sector confronts climate change and infrastructure challenges.

"These are not isolated announcements," said Michael Thorne, an energy sector analyst at ClearView Advisors. "The recycling milestone demonstrates operational execution on ESG promises, while bringing Geisha Williams onto the board adds serious heft to strategic oversight. For a regulated utility, this combination addresses both the 'E' and the 'G' that shareholders are scrutinizing."

The company's focus on sustainability and board expertise is seen as a direct response to investor demands for long-term resilience. Analysts suggest such moves could influence future capital allocation, favoring investments in grid hardening, renewable integration, and waste-reduction technologies.

Investor & Community Reactions

We gathered perspectives from the investment community on PSEG's latest moves:

• David Chen, Portfolio Manager at Sustainable Growth Fund: "PSEG's 86% recycling rate is a tangible, positive output. It shows materiality. Coupled with a board appointment of this caliber, it signals to us that management is embedding sustainability into core operations and governance, which is exactly what we look for in a long-term holding."
• Sarah Jenkins, Retail Investor & Climate Advocate: "While the recycling number sounds good, I'm deeply skeptical. This is the same industry that has dragged its feet on renewables for decades. Appointing a former CEO from PG&E—a company with its own catastrophic history with infrastructure and safety—to oversee 'governance' feels like a cynical attempt to placate investors rather than a genuine commitment to change. I need to see a faster coal phase-out and more community solar investments before I'm convinced."
• Robert Flynn, Former Utility Commissioner: "Williams understands the pressures utilities face from both regulators and the physical climate. Her experience is invaluable. The board needs members who've been in the hot seat. This is a pragmatic addition for PSEG as it balances reliability, affordability, and the energy transition."
• Anita Morales, Local Environmental Committee Chair: "As a community near one of their facilities, we've pushed for greater transparency on waste. This reported progress is a step in the right direction. We hope this translates to more localized environmental benefits and that the new board perspective strengthens community engagement."

This analysis is based on publicly available company reports and statements. It is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult a financial advisor.