Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Public Service Proposes $446 Million of New Jersey Solar Plants

Don't Miss Out —
Follow us on:

April 30 (Bloomberg) -- Public Service Enterprise Group Inc. reached an agreement with state regulatory staff to invest as much as $446 million to build solar-power projects in New Jersey.

The utility plans to spend $247 million on 42 megawatts of solar farms atop landfills and brownfields and another 3 megawatts of smaller projects through a program, Newark, New Jersey-based Public Service said today in a statement. It also will invest as much as $199 million on 97.5 megawatts of new sun-powered systems through a separate program.

The investment will occur over three years, compared with an earlier five-year plan.

The proposal is subject to public comment and the New Jersey Board of Public Utilities is expected to issue a decision by May 31.

Link to Statement:{NSN MM2G1V3MSFLS <GO>}

Link to Company News:{E CN <Equity> CN <GO>} Link to Company News:{PEG US <Equity> CN <GO>}

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.