PSE&G Cuts Gas Bills by a Third for November and December Usage

       PSE&G Cuts Gas Bills by a Third for November and December Usage

Customers to save about $93 depending on usage

33 percent bill credit is on top of four years of declining gas bills

PR Newswire

NEWARK, N.J., Oct. 23, 2013

NEWARK, N.J., Oct. 23, 2013 /PRNewswire/ --Public Service Electric and Gas
(PSE&G) announced today that it is providing a two-month bill credit for its
residential gas customers that will cut the typical monthly bill by about 33
percent in both November and December. 

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The bill credit of 35 cents per therm, including NJ Sales and Use Tax (SUT),
will reduce the current supply rate of approximately 54 cents to 19 cents per
therm including SUT for usage in November and December.

With the bill credit factored in, a typical residential heating customer using
106 therms in November and 160 therms in December would see a reduction in
their two-month bill to $188.65 from $281.75 for a savings of $93.10.
Depending on meter reading schedules, many customers will see some of the
credit in November and December, with the remainder in January.

This latest action by the utility is in addition to nine decreases in a row
for residential customers since January 2009 that saves the typical customer
about $674 per year. A 15-cent per therm bill credit for February 2012 usage
provided an additional $24 in savings.

"We're pleased that we can provide this substantial credit to our customers,
especially at this time of year," said Jorge Cardenas, PSE&G vice president of
asset management and centralized services."This bill credit will return money
to customers as temperatures are dropping and they strive to keep their winter
heating bills affordable.

"Since 2009, PSE&G's residential gas customers have benefitted from steady
reductions in the cost of natural gas," Cardenas said. "Annual bills for
residential heating customers have dropped about 39 percent as a result. Our
close proximity to the abundance of gas supply in the Marcellus Shale
Formation in Pennsylvania, plus our transportation and storage capabilities
and the way we manage our pipeline contracts, enabled us to seize this
opportunity to once again reduce costs for our customers."

In addition to the two-month credit, the utility offers some steps customers
can take to reduce their costs even further.

  oCheck for sufficient water levels in the sight glass for hot water and
    steam heating systems to ensure maximum efficiency. Clean or replace the
    furnace filter on hot air heating systems.
  oLower your thermostat by just one degree, which may reduce your heating
    bill by up to 3 percent. Save even more by lowering your thermostat 2
    degrees during the day and 5 to 10 degrees at bedtime if health conditions
    permit.
  oClose dampers in fireplaces you don't use.

  oPurchase and wrap an insulation blanket around the tank of your hot water
    heater. Wrap the outlet pipe with inexpensive flexible insulating tubing
    to reduce the time it takes for hot water to reach your shower. Set your
    hot water heater to no more than 120 degrees.

  oMove furniture and drapes away from heating registers, radiators, and
    baseboard element covers. Open any register or baseboard dampers.

  oCover window air conditioners to reduce drafts. Install insulated or lined
    drapes on your windows.

  oUse weather stripping or one-sided sticky tape to seal up cracks and
    prevent drafts in windows and doorframes. Caulk smaller gaps. Beneath
    doors, install draft guards available at hardware stores.

  oUse a shrink film insulation kit on really drafty windows or make one
    yourself from plastic sheeting and double-faced tape.

  oSeal wall switches and electrical outlets with small foam gaskets
    available at home improvement centers and hardware stores. Remove the
    cover plate, insert the gasket, and screw the cover plate back in
    place.

  oIf you have a door leading outside from your basement, hang a full-size
    sheet of plastic from the door frame to keep heat from escaping. Seal
    windows in the basement with plastic to create a barrier against the cold.
    (Make sure you allow enough air supply to feed your fuel-burning
    appliances safely.)

  oKeep your garage door closed if the garage is attached to the house.

  oIf your budget permits, install (or have installed) a programmable
    thermostat that you can set to automatically lower room temperatures when
    rooms are not in use and also at bedtime if health conditions permit.

  oVisit PSE&G's Home Energy Toolkit at www.pseg.com/toolkit. You can
    calculate the energy efficiency of your home and find out how to save
    energy and money on appliances and heating systems.

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).

Want to know what's new at PSEG? Go to www.pseg.com/getnews and sign up to
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For customers & others: 800 436 7734

SOURCE Public Service Electric and Gas (PSE&G)

Website: http://www.pseg.com
Contact: For media: Karen Johnson, 973 430-7734
 
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