PSE&G Wants to Put Its Money – and Its Customers’ – Into Building Better Grid
Company looking to invest $10 billion in utility projects rather than new power plants.
Public Service Electric & Gas once again is ramping up spending on its grid, saying it will invest $10 billion over the next five years — a 40 percent increase from its projections just a year ago.
The plans, outlined at an annual investor’s conference in New York City on Friday, reflect the changing nature of the energy industry, where many big companies find it more profitable to shift investments to their utilities with a guaranteed rate of return, instead of building new power plants, a far riskier proposition. (Johnson/NJSpotlight)
Really? you could have fooled me!
The pole on the corner of north Monroe and monte vista is about to fall over (PSEG has been notified MANY times… since OCTOBER!
Their repair? ROPE around the pole! (not a joke)
Correct that post. its North Monroe and Valley View