Local Officials Rally in Support of Making NJ "Energy Strong" - WDRB 41 Louisville News

Local Officials Rally in Support of Making NJ "Energy Strong"

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SOURCE Public Service Electric and Gas Company (PSE&G)

Leaders from more than 100 governing bodies support PSE&G proposal

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/getnews and sign up to have our press releases sent right to your inbox.

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