New Jersey’s Largest Utility Has a Multi-Billion Dollar Energy Strategy
Andrew Maykuth | The Philadelphia Inquirer
Public Service Electric and Gas Co., New Jersey’s largest utility, has proposed a $4.1 billion plan to reduce energy consumption and carbon emissions, including hundreds of millions for electric vehicle infrastructure, energy storage, and smart meters.
PSE&G says its six-year Clean Energy Future program would increase a typical residential bill about 50 cents a month in 2019, increasing to $7 a month by 2024. But it maintained that program would save customers $7.4 billion in “lifetime energy costs” through reductions in consumption.
Ralph Izzo, chairman of PSE&G’s parent company, Public Service Enterprise Group, called the program a “historic investment” that would help meet Democratic Gov. Murphy’s ambitious clean energy and climate goals…(Read the full story)