Public Service Electric & Gas taps Kim Hanemann as new president

Public Service Electric & Gas (PSE&G) named Kim Hanemann as its new president and chief operating officer, starting June 30.

Hannemann, who had been the companyʻs chief operating officer, becomes the first woman to lead the Newark, New Jersey-based company, the state’s largest electric and gas utility. She replaces David Daly, who will retire at the end of 2021 after 35 years.

“I’m proud and thankful for the opportunity to lead our dedicated PSE&G employees, who work every day to deliver safe, reliable, and resilient gas and electric service to our customers,” Hanemann said. “At the same time, I look forward to building on the strong foundation that Dave Daly has created as we work toward our Clean Energy Future goals of helping customers use energy more efficiently and providing them with new clean energy options such as electric vehicles and smart meters. I am grateful to Dave for his mentorship and guidance as we worked together to build PSE&G into one of the nation’s most reliable utilities.”

Hanemann joined PSE&G, a subsidiary of Public Service Enterprise Group, in 1986 as an associate engineer. Since then, she has held leadership positions in transmission, electric, and gas field operations. She has been the COO since 2019.

“Kim is a dedicated and respected leader in the energy industry who has been a champion for PSE&G’s customers and its workforce,” PSEG Chairman, President and CEO Ralph Izzo said. “She built our Delivery Projects & Construction organization from the ground up and has been responsible for ensuring the on-time, on-scope, and on-budget implementation of the utility’s multi-billion-dollar transmission investments. Kim’s leadership on these projects helps ensure system reliability across the Northeast, allowing us to maintain safe, reliable service for millions of customers. She is instrumental in the success of our operations.”

Daly has been president of PSE&G since October 2017. He has been with the company for 35 years, serving in various executive roles.

“I’m humbled to have spent 35 years of my career with PSEG,” Daly said. “It’s been an incredible journey to lead this utility during a time of such transformation and growth. I’m grateful to our employees, past and present, for contributing to PSE&G’s success during this time. Our Clean Energy Future filing was an enormous accomplishment for PSE&G. It was one of my top priorities and, now that its settlement is complete, I can confidently hand off execution of these critical programs to Kim Hanemann and the team to deliver its success. I can think of no better person than Kim to lead PSE&G into the future.”

Daly will stay on in an executive advisory role until the end of 2021 to consult in areas such as advocacy for transmission, energy efficiency, and other strategic projects.