Local Officials Rally in Support of Making NJ "Energy Strong"
Leaders from more than 100 governing bodies support PSE&G proposal
TRENTON, N.J., Feb. 25, 2014
TRENTON, N.J., Feb.25, 2014 /PRNewswire/ --In an unprecedented show of
support for PSE&G's plan to protect utility infrastructure from the ravages of
extreme weather, leaders from more than 100 town and counties representing
more than five million people have gone on record urging the Board of Public
Utilities (BPU) to approve "Energy Strong." Ridgefield and Lyndhurst passed
resolutions last night, bringing the total to 101 supporters.
Public Service Enterprise Group (NYSE:PEG) is a publicly traded diversified
energy company with annual revenues of more than $12 billion, and three
principal subsidiaries: PSEG Power, Public Service Electric and Gas Company
(PSE&G) and PSEG Energy Holdings. For more information visit www.pseg.com.
Hearings on the company's "Energy Strong" proposal start today, with six days
of hearings scheduled through March 4th. Settlement talks among the parties
continue as well. PSE&G submitted its proposal a little over one year ago.
"Local leaders remember clearly the devastation that occurred in the wake of
Hurricane Irene and Superstorm Sandy," said Ralph LaRossa, president and COO
of PSE&G. "They understand the hardships and the costs imposed by extended
outages, and they want to see steps taken to protect against the next storm."
Sandy interrupted power to close to two million PSE&G customers, who went a
combined 164 million hours without electricity. Water from Irene and Sandy
damaged 29 switching and substations.
"Energy Strong" is a ten-year $3.9 billion program that that would put 5,800
people to work making upgrades that would significantly reduce the number of
customers who might lose power in a future storm and reduce the duration of
any outages that did occur.
The proposal calls for hardening 29 substations by either erecting flood walls
or raising the stations, strengthening distribution lines, deploying
technologies to help restore customers more quickly, burying key segments of
wires underground and protecting gas substations against flooding.
"We have put forth a robust plan to make investments that would make New
Jersey's energy infrastructure more resilient for generations to come,"
LaRossa said. "These are investments we can make now that will avoid future
hardships for our citizens, our local businesses and our most vulnerable
residents - seniors."
These improvements will benefit all of PSE&G's customers and can be made with
little impact on bills because of charges that are set to expire and roll off
in 2014 and 2016.
In addition to support from elected officials from 101 towns and counties,
"Energy Strong" has garnered support from dozens of business groups, labor
unions, businesses, health care and educational institutions. For a complete
list, go to www.njenergystrong.com
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/getnewsand sign up to
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SOURCE Public Service Electric and Gas Company (PSE&G)
Contact: Jennifer Kramer, 973-430-6027, Jennifer.firstname.lastname@example.org
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