Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

PSE&G HAS ENOUGH POWER TO MEET ELECTRICITY DEMAND THIS SUMMER


(The following press release from Public Service Electric and Gas Company was received by e-mail and was reformatted. The sender verified the statement.)

Media Relations

Public Service Electric and Gas Company 80 Park Plaza, T-4 Newark, NJ 07102-4194

FOR IMMEDIATE RELEASE

June 20, 2013

PSE&G prepared for 2013 summer electric demand

(Newark, NJ - June 20, 2013) With the summer season officially under way, Public Service Electric and Gas Co. (PSE&G) has taken steps to meet the expected high demand for electricity in the coming months.

The forecasted summer peak for this year is 10,562 megawatts. Last year's peak was 10,521 megawatts, set on July 18, and PSE&G's all-time summer peak was 11,108 megawatts, set on Aug. 2, 2006.

"We've already experienced one heat wave in 2013, and there's certainly more hot weather on its way," said Ralph LaRossa, PSE&G president and COO. "PJM, which manages electric supply for our region, has said we will have enough power to meet the demand for electricity this summer. Our customers can rest assured that when the temperature starts to climb, they'll be able to run their fans and air conditioners to keep cool."

PSE&G expects to have no problem delivering the additional power, but utility crews are at the ready to respond to service interruptions should they occur. The utility's rigorous preparedness program for summer includes conducting employee training, developing emergency summer operating plans, and performing summer peak reliability analysis, helicopter and climbing inspections of transmission circuits, infrared inspections, system reinforcements and transmission line work.

PSE&G customers are also benefiting from about $1.8 billion in electric and gas infrastructure upgrades the utility is making this year to its transmission and distribution facilities to maintain reliability.

Recent upgrades for this summer include the replacement of over 100 miles of underground distribution cable, 10 miles of aerial cable, 129 pad-mounted transformers, 127 microprocessor relays and 57 underground network protectors. To prevent tree contacts with energized power lines, crews have trimmed nearly 3,300 miles of trees along distribution and transmission lines.

"These significant investments in transmission and distribution facilities - along with our highly skilled workforce - are what keep PSE&G among the most reliable utilities in the nation, year after year," LaRossa said.

Public Service Electric and Gas Company (PSE&G) is New Jersey's oldest and largest regulated gas and electric delivery utility, serving nearly three-quarters of the state's population. PSE&G is the winner of the ReliabilityOne Award for superior electric system reliability. PSE&G is a subsidiary of Public Service Enterprise Group Incorporated (PSEG) (NYSE:PEG), a diversified energy company (www.pseg.com<http://www.pseg.com/>).

Contact: Kristine Snodgrass 973 430 7734

(kgt)NY

Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement